Wall Street Breakfast June 23: Report says U.S. Refiners to Urge Biden Administration Not to Ban Fuel Exports

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 23 June 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tesla Berlin and Austin factories losing billions of dollars, Elon Musk says. Meta Platforms CEO: Explains Meta’s strategy to create shareholder value. U.S. refiners to urge Biden administration not to ban fuel exports - Reuters. Fed publishes bank stress tests as recession talk looms in background. Corporations largely stay quiet ahead of delicate Supreme Court rulings. 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.
0:11.2	Good morning. Today is Thursday, June 23rd, and I'm your host Julie Morgan.
0:15.9	Our top stories.
0:17.2	Stress, Tesla, The Metaverse, and Oil, and later Abbott, Chase and Goldman.
0:24.0	A choppy session left stocks just below the unchanged mark at the end of trading on Wednesday.
0:29.8	Ahead of the opening bell today, Dow S&P and NASDAQ futures are up.
0:34.3	The Dow up 0.1%, the S&P up 0.4%, and the NASDAQ up 1%.
0:40.2	We'll get another look at futures as well as the world markets crude oil and commodities in a few minutes.
0:47.1	In the earnings spotlight today, Accenture, FedEx, Darden restaurants, Rite Aid, Smith and Wesson Brands, and Blackberry.
0:56.4	In our day watch, Kohl's dropped nearly 9% on a report Wednesday that Bitter franchise group
1:02.4	is considering lowering its offer to $50 a share from $60 a year.
1:08.0	Franchise Group closed up 0.8%.
1:10.0	According to a report franchise group CEO Brian Kahn is said to have told investors in private meetings this week that he may try to negotiate the deal price, though he has not spoken to coals just yet. And K. B. Home reaffirmed its fiscal year
1:25.5	2022 guidance. The company CEO said he believes their built-to-order business model
1:31.0	will enable the company to navigate the changing market conditions.
1:35.0	Revenue for the quarter ending May 31st of 2022 was $1.72 billion versus the $1.66 billion dollar consensus.
1:45.3	Now our top stories.
1:47.2	In an interview with CNBC's Mad Money, Mark Zuckerberg said the defining trade of
1:52.2	the metaverse is the ability to feel a sense of presence.
1:55.9	He said the metaverse will be the next way people express themselves across social media.
2:00.7	He went on to say that the metaverse will be as big as our current social media business and that there's going to be a massive economy surrounding the Metaverse.
	...

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.