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Wall Street Breakfast

Wall Street Breakfast December 28: US Considers New Covid Precautions, Travelers From China

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 28 December 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

U.S. considers new COVID precautions on travelers from China. YouTube (GOOG) (GOOGL) needs at least 2.3M subscribers to break even on NFL Sunday Ticket deal. BOC Aviation (BCVVF) orders additional 40 Boeing (BA) 737-8 Jets.

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 Wednesday, December 28th, and I'm your host Julie Morgan.

0:16.3

Our top stories.

0:17.9

The U.S. is considering restrictions on travelers from China.

0:21.9

Chinese tech stocks react to the move away from zero

0:25.0

COVID. Hong Kong is easing restrictions as well. The DOJ is investigating a

0:30.7

separate FTX case.

0:32.8

Southwest Airlines is operating on a reduced schedule.

0:36.4

Boeing gets an order for more 737s,

0:39.9

and Coinbase is in our day watch.

0:43.3

As Wall Street returned to work after the three day Christmas weekend,

0:46.9

investors maintain the cautious attitude that has been marked

0:50.2

most of the past few weeks.

0:51.9

The major US equityS. equity averages

0:53.7

finished the day with a mixed performance. The NASDAQ closed down 1.4%.

0:58.5

The S&P 500 ended down 0.4% and the Dow finished up 0.1%. Five of the 11

1:06.2

S&P sectors posted losses. This was led by a 1.6% drop in

1:11.2

consumer discretionary.

1:12.8

Tech was also a key source of weakness

1:15.4

with losses seen in Infotech and Communication Services.

1:19.4

Energy utilities and consumer staples

...

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