Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

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Good morning. Today is Thursday January 19th and I'm your host Julie Morgan.

Our top stories, the debt ceiling.

Nelnet is laying off workers.

Vroom is doing the same.

Bed Bath and Beyond is trying to stay afloat.

We could see a bankruptcy filing from Genesis this week.

Toyota is limiting Lex's orders in Japan.

Starbucks is losing yet another executive,

and Rambus is in our day watch.

Following a mixed performance,

the previous day stocks lost ground throughout much of Wednesday's trading,

dragged down by the latest round of economic news. With the retreat, the NASDAQ broke a seven session

winning streak. Meanwhile, the Dow has fallen about 1,000 points over a two day span.

The NASDAQ closed down 1.2 percent. The SMP 500 finished down 1.6 percent and the Dow ended down 1.8%. All 11 S&P sectors

finished the day lower. This was led by a 2.7% slide in consumer staples and a 2.4% drop in utilities. Only communication services

showed a decline of less than 1%. Daniel Jones is a seeking Alpha

contributor and the manager of Avarring capital advisors.

He says significant profit taking and a general unease about economic conditions

likely played a role in Wednesday's significant drop.

Jones noted that along with the economic data, the major job cut announcement at

...