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Wall Street Breakfast

Wall Street Breakfast August 4: Walmart Lays Off Corporate Employees After Guidance Cut

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 4 August 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

Walmart lays off hundreds of corporate employees after guidance cut. Two senators unveil bill that would put bitcoin, ethereum within scope of CFTC. Tesla continues to climb premarket ahead of 'Cyber Roundup' event. Catch today’s WSB article here.

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.

0:11.5

Good morning. Today is Thursday, August 4th and I'm your host Julie Morgan.

0:16.1

Our top stories, Walmart and crypto and later, Tesla, Boeing, Bed Bath and Beyond, and Costco.

0:24.4

After two days of declines, Wall Street

0:26.4

received renewed buying interest on Wednesday

0:29.2

as the market digested the latest rounds of earnings reports with the advance the

0:33.5

S&P 500 and NASDAQ both finished above last Friday's close more than

0:38.0

reversing the losses seen on Monday and Tuesday the Dowd ended just below last week's concluding level.

0:44.6

Ten of the 11 S&P sectors ended the day with gains.

0:47.9

This was led by communication services, consumer discretionary, and Infotech.

0:52.8

All three post-it-gains of at least 2.4%.

0:56.1

Energy represented the only declineer among the major market segments.

1:00.3

In the bond market, the U.S. 10-year Treasury yield dipped two basis points to 2.72%,

1:06.3

while the US 2-year Treasury yield edged up about a basis point to 3.09 percent.

1:12.4

In the earnings spotlight today. to 3.09 percent.

1:13.0

In the earning spotlight today, Ali Baba, Signa, Conoco Phillips, Paramount Global, Eli Lillie

1:19.7

Lily, Warner Brothers Discovery, and Block.

1:24.2

In our day watch is a notable new low.

1:26.5

The release of quarterly results prompted selling in Match Group, sending shares of the

1:30.9

online dating app to a new 52-week loan.

1:34.1

The stock finished lower by nearly 18%.

...

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