Wall Street Breakfast January 6: Jobs Report Provides Insight Into Inflation, Fed Policy

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 6 January 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nonfarm payrolls report to provide insight into inflation, Fed policy. Raytheon (RTX) exploring $1B sale of actuation business - report. ChatGPT creator OpenAi in talks for tender offer at $29B valuation - report. Boeing’s (BA) safety procedures face review by a new FAA panel.

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, January 6th, and I'm your host Julie Morgan.
0:16.2	Our top stories.
0:17.8	What will the jobs report look like?
0:20.1	Raytheon is exploring a sale of his actuation business.
0:24.0	Fanatics is divesting from Candy Digital.
0:27.0	Adobe says you spent a lot online in November and December.
0:31.6	Warner Brothers Discovery says its combined streaming service is almost ready.
0:36.7	A new FAA panel is reviewing Boeing.
0:40.0	Walmart gives an update on drone delivery,
0:43.2	open AI is in talks for a tender offer,
0:46.4	and Bed Bath and Beyond and Fate Therapeutics are in our day watch.
0:51.2	Renewed worries about Federal Reserve policies sent the major averages lower on Thursday.
0:57.8	The release of stronger than expected jobs data suggested that the Central Bank will need to continue its hawkish interest rate
1:04.6	policy to get inflation under control. The NASDAQ closed down 1.5 percent. The
1:10.3	S&P 500 ended down 1.2% and the Dow finished down 1%.
1:16.2	10 of the 11 S&P sectors finished lower.
1:19.1	This was all led by real estate and utilities, both dropping more than 2%. Energy represented the only market
1:26.7	segment to finish higher, bouncing back from a sharp decline the previous day.
1:31.6	Leo Nellison is the seeking Alpha contributor with BN Capital.
1:36.0	He says labor market data is keeping a tight grip on the market as investors know that the
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