Wall Street Breakfast July 25: In This Week's Earnings Tsunami, Wall Street Looks for Resilience

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 25 July 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week's earnings tsunami, Wall Street looks for resilience. U.S. housing affordability poised to fall to lowest since GFC on soaring prices, rates. Streaming jumps to capture a third of television viewing. 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 Monday, July 25th and I'm your host Julie Morgan.
0:16.0	Our top stories.
0:17.2	A busy week ahead and housing and later streaming, Boeing and Goldman on China.
0:23.7	Stocks dropped on Friday, ending a three-session winning streak.
0:27.6	Weak earnings from Snap and Verizon raise concerns about the economy,
0:31.6	leading investors to trim some of the gains posted earlier in the week.
0:35.8	Eight of the 11 S&P sectors posted declines.
0:38.8	Communication services represented the weakest segment as Verizon slumped to a multi-year low following its results.
0:45.4	Meanwhile, lackluster revenue and a lack of visibility since snap tumbling almost 40 percent.
0:51.2	Twitter managed to hold steady after its report.
0:54.3	Utilities, real estate, and consumer staples finished higher.
0:58.1	Treasury yields lost ground. The 10-year Treasury yield fell 14 basis points to 2.77 percent,
1:05.2	while the 2-year dropped 11 basis points to 2.99 percent.
1:10.2	Ahead of the opening bell today, Dow S&P and NASDAQ futures are up.
1:14.6	The Dow is up 148 points, the S&P is up more than half of 1%, and the NASDAQ is up 3 quarters of 1%. We'll take another look at futures as well as the world markets crude oil and commodities in a few minutes.
1:29.0	In the earning spotlight today, NXP Semiconductors, Whirlpool, and F5.
1:36.2	In our day watch, according to Data Analytics firm Air Affinity, in the days to come Pfizer,
1:41.9	Bio, Intec, and Moderna will confirm investors worse fears,
1:45.7	posting a sequential decline in COVID vaccine sales
1:48.6	with their second quarter 2022 earnings.
	...

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