Wall Street Breakfast June 2: Oil Roundup; Bill Requiring Congress to Disclose Cryto Holdings

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 2 June 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Oil roundup: OPEC meeting, output rumors and Saudi ties. Bill requiring Congress to disclose cryptocurrency holdings, transactions introduced. Sheryl Sandberg steps down from Meta Platforms, what's next for the tech giant? Catch today’s WSB article here.

Transcript

Click on a timestamp to play from that location

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.
0:11.3	Good morning. Today is Thursday, June 2nd, and I'm your host Julie Morgan.
0:15.9	Our top stories.
0:17.2	OPEC Plus and a bipartisan bill out of Congress.
0:20.7	But first, let's take a look at market futures.
0:23.0	Dow, S&P and NASDAQ futures are up.
0:26.0	The Dow up 0.4%, the S&P also up 0.4%,
0:31.0	and the NASDAQ up 0.6%.
0:33.4	We'll get another look at market futures as well as the world markets crude oil and commodities in a few minutes.
0:41.2	In the earnings spotlight today, designer brands,
0:44.4	Hormel, Spartan Nash, Broadcom, Lulu Lemon, Crowd strike, and Octa.
0:51.2	Wednesday here on Wall Street breakfast, we told you Chooey was in the earnings spotlight.
0:56.7	The Florida-based online pet product retailer reported strong earnings from Q1.
1:02.0	They reported 2.43 billion in revenue. Analysts had
1:05.6	anticipated revenue to reach 2.41 billion. Chui reported that 4.2
1:11.0	million new active users were added in the first quarter to bring total active users to 20.6 million.
1:18.4	Pre-market, Chui is up nearly 18%.
1:22.0	Now our top stories.
1:25.0	OPEC Plus meets today. The Oil Group is said to meet today for its June meeting.
1:30.0	According to a report from the Financial Times today, Saudi Arabia told the West that is prepared to raise oil production if Russia's output falls substantially under the weight of sanctions.
1:41.4	It was Tuesday when we told you here on Wall Street breakfast that
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.