Wall Street Breakfast July 26: Walmart Shook the Market; Will it Shake the Fed?

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 26 July 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Walmart shook the market; will it shake the Fed? Amazon Prime to scale up prices in Europe and U.K. by up to 43% to offset rising costs. Coinbase under SEC investigation for cryptocurrency listings. 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.
0:11.6	Good morning. Today is Tuesday July 26th,
0:14.4	and I'm your host Julie Morgan.
0:16.3	Our top stories, Walmart, Amazon and Coinbase,
0:20.4	and later Tesla, Insider Trading and Meta.
0:25.0	A bout of buying in the last hour of trading
0:27.3	allowed the Dow and S&P 500 to scamper back
0:30.4	above the unchanged mark before the close. The NASDAQ ended solidly in the red.
0:35.2	Eight of the 11 S&P sectors ended higher with energy the top gainer.
0:39.9	Infotech, consumer discretionary and communication services
0:43.7	finish lower, although each decline was less than 1%.
0:47.7	Treasury yields edged up during the session.
0:50.1	The 10-year Treasury yield climbed four basis points to 2.82 percent, and the 2-year advanced 4 basis points to 3.03 percent.
0:59.2	Ahead of the opening bell today, Dow S&P and NASDAQ futures are down. The Dow is down 178 points. The
1:06.0	S&P is down nearly 0.4% and the NASDAQ is down 0.3%. We'll take another look at futures as well as the world markets and crude oil in a few minutes. In the earning spotlight today, General Motors, General Electric, Microsoft, Alphabet, Visa, Coca-Cola, McDonald's, UPS,
1:27.8	Unilever, Texas Instruments, and Chipotle.
1:32.0	In our day watch, Takeover speculation sent World Wrestling Entertainment sharply higher,
1:37.6	as a high profile analyst predicted that the departure of the company's longtime CEO
1:42.1	raised the chances that the professional wrestling
1:44.4	promoter will be sold. Shares rose 8% on the news.
1:48.4	Vince McMahon is no longer at the helm.
	...

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