3.8 • 950 Ratings
🗓️ 15 December 2022
⏱️ 9 minutes
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0:00.0 | Welcome to See King Alpha's Wall Street breakfast, your daily source of market news and analysis. |
0:07.0 | Subscribe to this podcast on Apple Podcasts or Spotify. |
0:11.0 | Good morning. Today is Thursday, December 15th, and I'm your host Julie Morgan. |
0:16.2 | Our top stories. |
0:17.6 | Elon Musk sells more Tesla shares. |
0:20.7 | Warner Brothers Discovery is expecting higher restructuring costs. |
0:25.0 | Citigroup is getting out of the consumer banking business in China. |
0:29.0 | B Riley proposes debt restructuring for core scientific. Spirit and JetBlue are still on track. |
0:36.0 | Microsoft makes a new investment and Charter Communications is in our day watch. The Federal Reserve's latest interest rate decision sent investors scrambling on Tuesday afternoon, |
0:48.0 | with a volatile session eventually ending with modest losses. |
0:52.0 | The NASDAQ closed down nearly 0.8%. The S&P 500 |
0:56.9 | finished down 0.6% and the Dow ended down 0.4%. 10 of the 11 S&P sectors finished lower, although most of the |
1:06.2 | declines were fractional to modest. Only financials, materials, and real estate dropped |
1:11.7 | more than 1%. |
1:13.0 | Health care recorded a slight gain. |
1:15.0 | Daniel Jones is a seeking alpha contributor and the manager of Avarring capital advisors. |
1:21.0 | He said mixed signals are bound to cause gyrations in the market and it's likely |
1:26.0 | that investors are fearful of the Federal Reserve overshooting on interest rates should |
1:31.2 | inflation continue to ease. |
1:33.4 | Following its regularly scheduled policy meeting, the Fed announced that it would raise |
1:37.6 | its key rate by 50 basis points, matching the amount that most experts had predicted. |
1:42.8 | However, the projections that accompanied the rate announcement, |
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