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Wall Street Breakfast

Wall Street Breakfast August 25: Big Wagers on what to Expect During Powell's Speech at Jackson Hole

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 25 August 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Big wagers on what to expect during Powell's speech at Jackson Hole. S&P, Nasdaq, Dow Jones futures rise as Jackson Hole kicks off. Amazon getting rid of telehealth service Amazon Care - WaPo. Catch today’s WSB article seekingalpha.com/wsb. Start Your Free Trial of Seeking Alpha Premium - https://bit.ly/3uX5TDY.

Transcript

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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 Thursday, August 25th, and I'm your host Julie Morgan.

0:16.1

Our top stories.

0:17.4

Analysts weigh in on what Powell will say at Jackson Hole, and later an update on the Twitter

0:22.4

whistleblower, Pinterest, Amazon, the Merge, SpaceX

0:26.7

and T-Mobile.

0:28.8

The major market averages ended higher on Wednesday as investors were able to top the sideways trading of the previous session.

0:35.9

All 11 sectors of the S&P concluded the session in the green, led by energy and real estate,

0:41.6

while the weakest performer was Infotech.

0:44.3

The 10-year Treasury yield gained six basis points to 3.11% and the two-year yield rose 10 basis points

0:51.3

to 3.40%. July durable goods came in unchanged which was softer

0:57.0

than the economist's prediction of a 0.6% rise. Pending home sales figures for July came in stronger than anticipated, down 1% compared to the

1:06.5

forecasted 4% decrease.

1:10.0

In the earnings spotlight today, Toronto Dominion Bank, Dollar General, Marvell Technology,

1:16.0

Peloton Interactive, Dollar Tree, and Work Day.

1:20.9

In our day watch, Invidia slumped in extended hours trading after the

1:25.0

Semiconductor Giant issued a weak forecast for the third quarter, citing ongoing

1:29.6

declines in the PC space. For the second quarter, Inv said it earned an adjusted 51 cents per share on 6.7 billion dollars in revenue, including 3.81 billion in data center sales.

1:42.0

Gaming related revenue fell 33% year over year to 2.04 billion dollars.

1:48.0

For the upcoming quarter,

1:50.0

NVIDIA said it expects revenue to be 5.9 billion dollars plus or minus 2 percent well below

...

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