Wall Street Breakfast December 8: Amazon, Google, Microsoft, Oracle Share Pentagon's $9B Cloud Awards

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 8 December 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Amazon (AMZN), Google (GOOG) (GOOGL), Microsoft (MSFT), Oracle (ORCL) share Pentagon's $9B cloud awards. Musk bankers look at Tesla (TSLA) margin loans to cut Twitter debt - report. Apple (AAPL) working on a new encryption system to keep hackers at bay, protect data: report.

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.
0:11.1	Good morning. Today is Thursday, December 8th, and I'm your host Julie Morgan.
0:15.7	Our top stories.
0:17.2	The Pentagon awards a major contract to four major companies.
0:21.3	AMC Entertainment is working things out.
0:24.0	New York Times staffers are on strike.
0:27.0	Buzzfeed is laying people off.
0:29.0	Apple is working on new encryption.
0:32.0	Binance U.S. is ending some fees.
0:35.0	Exxon is raising its pay, and Kravana and Smith and Wesson are in our day watch.
0:41.0	Investors remained Leary on Wednesday sending the S&P 500
0:46.3	lower for the fifth consecutive session. The NASDAQ also declined in a late
0:50.5	push allowed the Dow to scrape out a fractional gain.
0:53.6	The NASDAQ closed down 0.5%.
0:56.6	The S&P 500 finished down 0.2% and the Dow
1:00.6	ended fractionally higher.
1:02.4	Eight of the 11 S&P sectors finish lower,
1:05.0	although no segments moved more than 1% in either direction.
1:09.0	Communication services led the decliners,
1:11.5	meanwhile real estate, health care, and consumer
1:14.3	staples posted mild gains. Daniel Jones is an analyst and seeking alpha
	...

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