Wall Street Breakfast December 27: DOT Investigates Southwest Airlines

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 27 December 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

DOT investigates Southwest Airlines (LUV) over 'unacceptable' flight cancellations. Shares of China's biggest funeral company (OTC:FSHUF) soar as zero-COVID abandoned. U.S. retail sales up 7.6% in holiday season as deals lure consumers - Mastercard (MA) report. Tesla (TSLA) to pursue reduced Shanghai production through January - Reuters.

Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis.
0:07.0	Subscribe to this podcast on Apple Podcast or Spotify.
0:11.0	Good morning. Today is Tuesday, December 27th, and I'm your host Julie Morgan.
0:16.5	Our top stories.
0:18.0	The DOT is looking into what caused the meltdown at Southwest Airlines over the Christmas holiday weekend.
0:24.6	China is moving farther away from zero COVID.
0:27.7	Retail sales were up this holiday season.
0:30.8	Tesla Halt's production in Shanghai.
0:33.0	Tuesday morning is voluntarily delisting,
0:36.0	and an update on the FTX scandal.
0:39.0	U.S. stocks edged up on Friday
0:41.0	as Wall Street struggled for direction heading into the three-day Christmas
0:45.0	weekend. The NASDAQ finished up 0.2 percent. The S&P 500 closed up 0.6 percent and the Dow
0:52.4	ended up 0.6% and the Dow ended up 0.5%. All 11 S&P sectors finished higher
0:57.2	while most of the segments showed only mild gains, energy led the way higher,
1:01.8	climbing by 3.2%. Communication services also rose more than 1%.
1:07.6	On the economic front, investors digested the latest figures on personal income and spending, income rose 0.4% in November,
1:16.1	while spending edged up 0.1%. Friday saw the release of new statistics on the housing market as well. New home sales climbed 5.8% in
1:26.1	November outstripping expectations. In our day watch Tuesday morning., will voluntarily delisted stock from the NASDAQ capital
1:36.4	market due to liquidity issues.
1:38.8	Pre-market Tuesday morning is down 42%.
1:42.4	The Home Goods retailer is facing near-term capital
	...

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