Wall Street Breakfast June 13: Crypto Lending Firm Celsius Pauses Withdrawals; Bitcoin Under $25K

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 13 June 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Crypto lending firm Celsius pauses withdrawals; Bitcoin under $25K. Mortgage lock volume declines in May, with refi locks falling the most: Black Knight. U.S. CEOs' 2021 compensation increased the most in seven years. Recession fears: Stock futures slide as yield curve inverts. 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.
0:11.2	Good morning. Today is Monday, June 13th, and I'm your host Julie Morgan.
0:15.6	Our top stories, crypto lending, mortgages, and CEO salaries.
0:21.0	But first, let's take a look at market futures. Dow S&P and NASDAQ futures are down.
0:26.4	The Dow down 1.85%, the S&P down 2.3% and the NASDAQ down 2.8%.
0:34.0	We'll take another look at market futures as well as the world markets, crude oil and commodities
0:39.0	in a few minutes.
0:41.3	In the earning spotlight today, Oracle in our day watch, Bear.
0:46.5	The Supreme Court is said to decide if it will take up a case over a $25 million verdict
0:51.4	concerning roundup weed killer litigation.
0:54.3	The announcement could be made as early as today.
0:57.1	Bayer has already earmarked $16 billion in total to deal with the litigation.
1:02.4	The company inherited this case after it
1:04.7	purchased Monsanto in 2018 for 63 billion dollars. Bayer suffered a setback in
1:10.7	its bid to bring the case to the Supreme Court when the
1:13.3	Biden administration urged Skotis to reject the company's plea to hear the case.
1:18.0	If the Supreme Court does decide to take the case it will hear the arguments in Q4.
1:23.4	Bayer had a small victory Friday when a Missouri court ruled in its favor in a trial regarding
1:28.9	claims that its roundup weed killer causes cancer.
1:32.0	This marked a third consecutive court victory for the company in the U.S.
1:37.4	Now on to our top stories.
	...

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