Wall Street Breakfast December 30: Southwest Airlines Plans ‘Return To Normalcy’ Friday

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 30 December 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Southwest Airlines (LUV) plans ‘return to normalcy’ on Friday. Apple (AAPL) rebounds as Foxconn iPhone plant reportedly at 70% capacity. S&P futures (SPX) slip as bulls fight to close out the year with a weekly win. Check out 2022 in review from the Wall Street Breakfast one-page summary.

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 Friday, December 30th.
0:14.0	It's the final day of trading in 2022, and I'm your host Julie Morgan.
0:19.7	Our top stories.
0:21.6	Southwest Airlines says it's back to normal today.
0:25.0	Apple's FoxCon plant is operating at more than 50%.
0:29.0	Starbucks is accused of not negotiating with the unions live one confirms podcast one spin off, and Kalmain foods and
0:37.7	TG therapeutics are in our day watch.
0:41.6	With the end of the year fast approaching, U.S. stocks received a wave of buying interest on Thursday.
0:47.5	The NASDAQ closed up 2.6 percent.
0:50.3	The S&P 500 ended up 1.8% and the Dow
0:54.1	finished up 1.1%. The broad-based rally
0:57.8	included gains in all 11 S&P sectors.
1:00.9	This included greater than 2% gains in communication services,
1:05.0	consumer discretionary, info tech, and real estate.
1:08.8	Leo Nellison is with BN Capital, he's a Seeking Alpha contributor.
1:13.4	He says the market is trying to end a bad month and a bad year on a positive note, knowing
1:18.8	it will continue to face a hawkish fed in 2023.
1:23.0	The rally came in part as a result of the release of initial jobless claims data,
1:27.7	which showed a sharper than expected rise for the latest week.
1:31.4	Jobless claims climbed by 9,000 to 225,000, which is above the
	...

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