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

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Good morning. Today is Friday, January 20th, and I'm your host Julie Morgan.

Our top stories.

Google's parent company Alphabet has reportedly

a 6% reduction in its workforce.

This amounts to 12,000 jobs being eliminated.

Netflix is reporting mixed financials,

but its ad progress is steady and promising,

while co-founder Reed Hastings

will no longer be co-ce CEO.

T-Mobile is reporting a data breach affecting 37 million customers.

They discovered it earlier this month, but it started in November.

And crypto lender Genesis has filed for Chapter 11 bankruptcy protection in New York. Stocks posted modest losses on Thursday adding to weakness

recorded the previous day as investors continued to show concern about the

health of the economy. The NASDAQ closed down 1%. The S&P 500 ended down 0.8% and the Dow finished down 0.8% as well.

8 of the 11 S&P sectors ended in the red.

Industrials led the slide falling by 2.1%. Consumer discretionary and

financials showed weakness as well. On the upside, health care, energy, and communication services

finish tire. Leo Nellison is an analyst and seeking alpha contributor. He says the market has become

so dovish that any hawkish comments from the fed or unfavorable inflation numbers can pressure stocks and Thursday was a good example of that.

Meanwhile, weekly jobless claims unexpectedly fell to $190,000. of that was

...