Wall Street Breakfast July 11: Nord Stream 1 Goes Offline For Maintenance: Will Russia Turn it Back On?

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 11 July 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nord Stream 1 goes offline for maintenance: Will Russia turn it back on? Leaked 'Uber Files' reveal checkered history of the ride-hailing firm. Twitter plunges 7% premarket after Elon Musk abandons $44B deal. Catch today’s WSB article here.

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.
0:11.5	Good morning. Today is Monday, July 11th, and I'm your host Julie Morgan.
0:16.0	Our top stories, Nord Stream 1, Twitter and Uber, and later China, Celsius and Macau. An indecisive session on Friday ended with a mixed performance for the major U.S. equity averages.
0:30.0	Stocks spent time on either side of the unchanged mark as investors digested the latest reading on employment.
0:36.2	Meanwhile, Wall Street looked for direction after the bounce back of the previous couple of days,
0:40.8	with the S&P 500 breaking a four-day winning streak.
0:44.4	Ahead of the opening bell today, Dow S&P and NASDAQ futures are down
0:48.7	and they're all in the same range of less than 0.4%.
0:53.0	In the earnings spotlight today, Greenbrier, PepsiCo, and Price Mart.
0:58.8	Looking ahead to what's happening this week,
1:00.8	CPI and PPI data due out this week Wednesday and Thursday, respectively.
1:06.0	Earnings season also kicks off this week.
1:08.6	This is also the week of deals for consumers in the retail sector, Amazon Prime Day or days Tuesday and
1:14.9	Wednesday. Target's deal days start today and runs through Wednesday. Other
1:18.8	retailers like Best Buy and Macy's also trying to get you to open your wallet.
1:24.7	Now our top stories.
1:26.7	Russia has slashed capacity to Germany via Nord Stream 1 by 40% over the past week.
1:32.4	This was just as the country was attempting
1:34.2	to fill up its storage before wintertime.
1:36.6	The cuts were caused by sanctions questions
1:38.9	over a turbine that was being serviced in Canada.
	...

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