Wall Street Breakfast December 6: Taiwan Semiconductor Lifts Chip Investment In Arizona

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 6 December 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Taiwan Semiconductor (TSM) lifts chip investment in Arizona to $40B. Job cuts at PepsiCo (PEP) and GameStop (GME). NBCU (CMCSA) CEO: Peacock has 18M subs; expecting 'big check' from Disney (DIS) for Hulu.

Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.
0:06.8	Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.
0:11.4	Good morning. Today is Tuesday, December 6th, and I'm your host Julie Morgan.
0:16.2	Our top stories.
0:17.8	Taiwan Semiconductor Manufacturing is set to make a major announcement today.
0:23.0	Tesla said a report about their production in China is not true.
0:27.0	crypto exchanges are cutting jobs.
0:30.0	Pinterest and PepsiCo are doing the same.
0:33.0	Microsoft is raising prices.
0:35.0	The company is also offering Sony a deal.
0:38.0	NBC Universal is seeing growth in Salesforce in our day watch. Stocks finished notably lower on Monday.
0:47.3	The NASDAQ finished down 1.9 percent. The S&P 500 closed down 1.8% and the Dow ended down 1.4%.
0:56.8	All 11 S&P sectors finish lower, led by nearly 3% slides in consumer discretionary and energy.
1:04.4	Financials fell about 2.5%.
1:07.5	The 10-year Treasury yield advanced 10 basis points to 3.6%.
1:12.4	The 2-year yield climbed 12 basis points to 4.4%.
1:17.0	Mike Zakardi is an analyst and a seeking alpha contributor.
1:21.0	He said Monday was a defensive day on Wall Street.
1:24.2	Higher interest rates following some strong economic data was reason enough for some profit
1:29.6	taking after a strong rally off the mid-October low.
1:34.0	In the earnings spotlight today, AutoZone,
1:37.0	mongo d. B, signet jewelers, stitch fix, and Guideware Software.
	...

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