3.8 • 950 Ratings
🗓️ 23 December 2022
⏱️ 9 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis. |
0:07.0 | Subscribe to this podcast on Apple Podcast or Spotify. |
0:11.0 | Good morning. Today is Friday, December 23rd, and I'm your host Julie Morgan. |
0:16.4 | Our top stories. |
0:18.0 | Tesla's CEO says he won't sell any more shares and he puts a specific time period on it. |
0:24.0 | Sam Bankman Freed is out of jail on bail. |
0:27.0 | A judge says 3M has to take the blame. |
0:30.0 | Microsoft responds to the FTC. |
0:33.0 | YouTube makes Sunday NFL ticket official. |
0:36.5 | U Power has filed for an IPO, |
0:39.5 | and semiconductors and AMC are in our day watch. |
0:44.4 | Ongoing concerns about interest rates and signs of weak demand for memory chip maker |
0:49.6 | Micron Technology triggered a bout of Wall Street selling on Thursday. |
0:54.0 | The slide reverse gain seen the previous day and renewed downward momentum that has marked the past couple of weeks. |
1:00.0 | The NASDAQ closed down 2.2%. The S&P 500 finished down 1.5% and the Dow ended down 1.1%. |
1:10.1 | All 11 S&P sectors posted losses for the day. |
1:13.6 | This was led by greater than 2.5% slides in Infotech |
1:18.0 | and Consumer Discretionary. |
1:20.0 | Energy also dropped more than 2%. |
1:23.2 | Turning to the day's economic numbers, the final measure of Q3 GDP growth was revised upward |
1:28.9 | to 3.2%. The figure was higher than the 2.9% that economists had predicted. |
1:35.0 | Meanwhile, U.S. initial jobless claims ticked up 2,000 to 216,000. |
... |
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