Wall Street Breakfast July 19: Apple Reportedly Planning to Slow Down Hiring Into 2023

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 19 July 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple reportedly planning to slow down hiring into 2023. Netflix to start charging some customers for sharing their passwords; subscriber numbers on tap. President Biden could declare a climate emergency this week - WaPo. 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.
0:11.3	Good morning. Today is Tuesday, Julyth and I'm your host Julie Morgan.
0:15.9	Our top stories, Apple, Netflix and Climate, and later, Finance and Restaurants. The major U.S. equity averages finish lower on Monday
0:25.9	giving up gains seen earlier in the day. Solid results from Goldman Sachs
0:30.3	help set the positive tone early, although the initial gains dissipated in the afternoon.
0:35.4	Eight of the 11 S&P sectors ended the session lower.
0:38.7	Health care led the decliners falling by almost 2.2%.
0:42.8	Meanwhile, energy marked the best performance, climbing around 2%.
0:46.8	Looking at the bond market, the 10-year Treasury yield advanced three bases points to 2.96%. And the two-year yield gained three basis points to 3.16
0:56.8	percent. There were no major economic indicators on the calendar and the Fed has
1:01.4	entered its blackout period ahead of the July 27th FOMC decision.
1:06.3	The market has switched back to a baseline of a 75 basis point hike,
1:10.4	although some chatter remains that a full percentage point could be possible.
1:15.0	Ahead of the opening bell today, Dow S&P and NASDAQ futures are up.
1:19.0	The Dow is up 218 points.
1:21.0	The S&P is up nearly 1% and the NASDAQ is up 1.1%.
1:27.0	In the earnings spotlight today, Johnson and Johnson, Lockheed Martin, Netflix, Hasbro, and Silver Gate Capital.
1:35.8	In our day watch, cryptocurrency stocks posted notable gains Monday bolstered by a rebound
1:41.2	in Bitcoin and other big names in the market.
1:44.0	The sector also received a boost from news that Coinbase has received
1:48.0	approval from Italian regulators to provide crypto services in the country.
	...

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