Wall Street Breakfast July 7: Report: U.S. Weighs Capping Russian Oil at $40-$60 to Cut War Financing

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 7 July 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. weighs capping Russian oil at $40-$60 to cut war financing - Bloomberg. Boris Johnson to resign as UK prime minister. Federal Reserve officials saw potential to be more hawkish if inflation persists. 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, Julyth and I'm your host Julie Morgan.
0:16.0	Our top stories, Russian Oil, Boris Johnson, the FOMC, and later Merck, Netflix, Apple, and Samsung.
0:26.1	The major U.S. equity indices finished Wednesday session with modest gains as Wall
0:31.2	Street reacted positively to the details about the Federal Reserve strategy to contain inflation.
0:37.0	Ahead of the opening bell today, Dow S&P and NASDAQ futures are up.
0:42.0	The Dow is up.13%, the S&P is up exactly the same,
0:45.8	and the NASDAQ is up 0.33%.
0:48.7	We'll get another look at futures
0:50.3	as well as the world markets crude oil and commodities in a few minutes.
0:56.0	In the earnings spotlight today, Levi Strauss, Helen of Troy, and W.D. 40 Company.
1:03.0	In our day watch, Door Dash stock declined sharply Wednesday as Amazon aligned itself behind a key competitor.
1:10.0	In a new agreement, Amazon announced a partnership with JustE Takeaways Grub-Hup business.
1:15.3	For Just Eat, this was a boon that sent shares skyward more than 13%.
1:20.0	For Dor-Dash, this added investment sent shares south by 7.4% on the day.
1:26.2	And shares of United Therapeutics reached an all-time high Wednesday of $244.80.
1:32.4	Year to date, the stock is up about 15%.
1:35.4	Taking a look at the ratings for this stock,
1:37.6	Wall Street says it's a buy, but the essay author and Quant ratings
1:41.6	say it's a hold.
1:43.5	Now are top stories.
	...

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