3.8 • 950 Ratings
🗓️ 13 December 2022
⏱️ 8 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. |
0:11.1 | Good morning. Today is Tuesday, December 13th, and I'm your host Julie Morgan. |
0:16.0 | Our top stories. |
0:17.4 | Sam Bankman freed has been arrested in the Bahamas, the latest E.P. Pfizer expects to cash in on MRNA vaccines. |
0:26.6 | Microsoft is asking Sony to accept the deal. |
0:30.1 | Lion Electric is down double digits. |
0:32.8 | IBM is partnering with Rapidus, |
0:35.6 | and Kupa and R.H. are in our day watch. |
0:39.7 | Wall Street started a Federal Reserve focused week with an up draft on Monday, pushing higher following the weakness seen last week. |
0:47.5 | The NASDAQ ended up 1.3%. The SMP 500 closed up 1.4% and the Dow finished up 1.6%. |
0:56.2 | All 11 S&P sectors finished higher, led by energy, |
0:59.7 | Infotech, and utilities. |
1:01.7 | Industrials, health care, financials, and consumer staples all |
1:05.4 | posted gains of more than 1% as well. In the fixed income market rates moved higher. |
1:10.9 | The 10-year Treasury yield advanced five basis points at 3.62 percent, |
1:16.2 | while the two-year yield climbed six basis points to 4.39 percent. |
1:21.2 | And of course happening today the government will release November data for the |
1:25.3 | consumer price index with economists looking for signs that the pace of |
1:29.2 | inflation has begun to drop economists expect the consumer Price Index to show a 7.3% increase compared to last year. |
1:37.2 | This would mark a moderation compared to October's 7.7% year-over-year increase. |
1:44.2 | In the earnings spotlight today, ABM Industries and Braze. |
... |
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