Wall Street Breakfast June 21: Biden Nears Decision on Federal Gas Tax Holiday

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 21 June 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Biden nears decision on federal gas tax holiday. Jetblue boosts offer for Spirit Airlines to $33.50/share. Former employees sue Elon Musk's Tesla over mass layoff- Reuters. 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 Tuesday, Junest and I'm your host Julie Morgan.
0:16.1	Our top stories, a gas tax holiday, Tesla lawsuit and JetBlue and Spirit.
0:22.8	But first, a look back to what happened on Wall Street
0:25.1	before the three-day weekend break,
0:27.0	and then a look ahead to today.
0:29.2	Stocks ended a choppy session with a mixed performance Friday. The NASDAQ finished up 1.4 percent, the S&P 500 ended up 0.2 percent, and the
0:39.1	dial closed just below the flat line down 0.1%. Looking ahead to today, Dow S&P and NASDAQ futures ahead of the opening
0:47.9	bell are up. The Dow up 260 points, the S&P up 69 points, and the NASDAQ up 82 points.
0:55.0	We'll take another look at futures as well as the world markets, crude oil and commodities
1:01.0	in a few minutes.
1:02.0	In the earning spotlight today, commodities in a few minutes.
1:03.1	In the earning spotlight today, Lenar and Lazy Boy.
1:08.2	Now our top stories.
1:10.6	President Biden is considering the idea of a federal gas tax holiday.
1:14.6	He could have a decision by the end of the week.
1:17.1	The tax is 18.4 cents a gallon.
1:19.9	A federal gas tax holiday would require action from Congress and would be unprecedented.
1:25.5	According to AAA, the national average at the pump is now less than $5 a gallon.
1:31.5	Former Tesla employees have found a lawsuit against the company. gallon. did not provide advance notice of the job cuts.
1:43.4	According to Reuters, the lawsuit was filed by two former Tesla employees who were laid off
	...

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