Wall Street Breakfast August 10: Consumer Price Inflation Seen Easing in July, but Pressures Still Persist
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 10 August 2022
⏱️ 7 minutes
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis. |
| 0:06.8 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
| 0:11.2 | Good morning. Today is Wednesday, August 10th, and I'm your host Julie Morgan. |
| 0:15.8 | Our top stories, |
| 0:17.1 | CPI, Google and Tesla, and later Revlon, FedEx, Walmart, and ESPN. |
| 0:24.8 | Another day of declines for the semiconductor sector |
| 0:27.3 | drove losses for the overall market on Tuesday. |
| 0:30.2 | With key inflation data in the crosshairs today, the NASDAQ retreated 1.2% Tuesday, |
| 0:35.8 | while the S&P 500 recorded its fourth consecutive day of mild losses. |
| 0:40.8 | The Dow held up better than the other major averages ending just below the unchanged |
| 0:45.5 | mark. Seven of the 11 S&P sectors posted losses on the day. Consumer discretionary saw a decline of 1.6% and there was a 1% drop in Infotech. |
| 0:56.0 | Energy represented the best performing group advancing 1.8%. |
| 1:00.5 | The 10-year Treasury yield climbed three basis points to 2.79 percent. |
| 1:05.0 | The two-year yield rose five basis points at 3.27 percent. |
| 1:10.0 | In the earnings spotlight today, Disney, Honda Motor, Coopang, Jack in the Box, Wendy's, Cyber |
| 1:17.3 | Arc, and Fox. |
| 1:20.2 | In our day watch, the Trade Desk jumped higher post-market Tuesday and continues in that direction pre-market. |
| 1:26.7 | At last check, TDD is up more than 17% pre-market. |
| 1:30.8 | This after topping revenue expectations with its second-quarter earnings |
| 1:34.6 | and guiding to another beat in the current quarter. The company guided to third-quarter |
| 1:39.1 | revenue of $385 million, topping consensus for $282.3 million. |
| 1:45.0 | And they expect earnings before interest, taxes, depreciation, and amortization |
... |
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