Wall Street Breakfast July 21: Microsoft Cuts Job Listings; Google Pausing Hiring

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 21 July 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Microsoft reportedly cuts job listings in Azure, security. Google pausing hiring for two weeks - report. Biden unveils plans to expand offshore wind; no climate emergency declaration. Tesla aims for record production in back half of the year. 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.
0:11.4	Good morning, today is Thursday, July 21st and I'm your host Julie Morgan.
0:16.3	Our top stories, jobs, climate, Tesla, and later lift, discover, discover, and forward.
0:23.6	Despite bouts of uncertainty in some pockets of the market,
0:27.0	the major U.S. equity indices scored another day of gains on Wednesday.
0:31.1	The NASDAQ led the advance. Meanwhile the Dow lagged spending a good chunk of the day below the unchanged mark.
0:37.6	Seven of the 11 S&P sectors finished trading higher. Consumer discretionary led the change. Clim climbing nearly 1.8 percent.
0:45.4	Infotech, communication services, and energy were also strong.
0:49.6	Utilities and health care were among the notable decliners. Looking at the bond market,
0:54.4	rates turned around during the session. After showing an early dip, Treasury yields
0:58.9	rebounded later in the day. The 10-year Treasury yield gained two basis points to 3.03 percent and the two-year
1:06.1	yield rose to basis points to 3.25 percent. In economic news June
1:11.6	existing home cells fell more than expected to 5.12 million.
1:16.0	Elsewhere, Cathay Wood shuttered the Arc Transparency E.T.
1:19.4	In the earning spotlight today, AT&T, Philip Morris International, Travelers
1:27.4	Companies, Domino's Pizza, Union Pacific, and Snap.
1:33.3	In our day watch, shares of Tuesday morning corporation fell more than 30% on Wednesday after
1:38.9	reports the retailer is on the brink of bankruptcy.
1:41.9	According to the report, the discount retailer has enlisted Piper Sandler to aid in restructuring plans.
1:47.8	A restructuring would be the second such reorganization in the past two years,
1:51.7	following a fourth quarter 2020 bankruptcy filing.
	...

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