Wall Street Breakfast December 14: A 50 bps Hike Today, Then What?

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 14 December 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Federal Reserve poised to hike by 50 bps, but when will it pause rates? Bahamas judge denies bail for FTX (FTT-USD) founder Sam Bankman-Fried. Apple (AAPL) may allow alt app stores on iPhones, iPads to meet EU rules.

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.
0:11.1	Good morning. Today is Wednesday, December 14th, and I'm your host Julie Morgan.
0:16.0	Our top stories.
0:17.6	What will Fed Jerry Jerome Powell have to say today?
0:21.0	Sam Bankman Freed is still in jail.
0:23.3	Apple is making major changes.
0:25.8	Twitter may have more competition on the way.
0:28.7	Ford is ramping up production.
0:30.9	Pfizer's pill sells out in record time.
0:34.0	Boeing CEO is speaking about the company's challenges,
0:37.7	and Tesla is in our day watch.
0:40.8	Stocks finished higher again on Tuesday as relatively tame consumer inflation data prompted an early buying spree.
0:47.5	However, the major U.S. equity averages ended well off their highs for the day,
0:52.0	as investors feared taking big bets ahead of today's Federal
0:55.6	Reserve announcement.
0:57.1	The NASDAQ jumped almost 4% in the early stages of the session before eventually finishing the day up 1%.
1:04.6	The S&P 500 finished up 0.7% and the Dow ended up 0.3%.
1:11.3	10 of the 11 S&P sectors ended in the green.
1:14.0	Real estate led the way higher climbing by about 2%.
1:18.0	Communication services, energy, info tech, and materials
1:22.0	all posted gains of more than 1% as well.
	...

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