Wall Street Breakfast June 7: Apple WWDC: New MacBook Air, Pro, M2 Chip, iOS 16 and More

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 7 June 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Biden’s decision on student loan forgiveness later this summer. Here's why Elon Musk cannot just walk away from the Twitter deal. Novartis falls victim to cyberattack but claims sensitive data not compromised - Bleeping Computer. Apple WWDC: Tech giant shows off new MacBook Air, Pro, M2 chip, iOS 16 and more. 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.
0:11.5	Good morning. Today is Tuesday, June 7 7th and I'm your host Julie Morgan.
0:16.0	Our top stories.
0:17.8	Student loans, Navardis and Twitter.
0:21.0	But first let's take a look at market futures. Dow, S&P and NASDAQ futures are down.
0:26.6	The Dow down 184 points, the S&P down 25 points, and the NASDAQ down 105 points.
0:33.7	We'll take another look at futures as well as the world markets, crude oil, and commodities
0:39.1	in a few minutes.
0:40.5	In the earnings spotlight today, United Natural Foods,
0:44.0	J.M. Smucker, Academy Sports and Outdoors,
0:48.0	Dave and Busters Entertainment, and Guide Wear Software
0:52.0	on our day watch, Tractor Supply expects record sales for
0:56.2	Q2 sales and earnings. The company is expecting its Q2 earnings per share to be
1:02.0	$3.48 or greater compared to a consensus EPS estimate of $3.46.
1:09.6	The retailer is expecting net sales growth of 8% for Q2 and comparable store sales growth of 5%.
1:17.6	Tractor supplies said it will release its Q2 earnings before the market opens on July 1st.
1:24.6	Now on to our top stories.
1:26.9	President Biden's decision on student loan forgiveness
1:30.1	is likely to be announced in July or August.
1:33.2	This would be closer to the expiration of the latest extension
1:36.4	in pausing federal student loan payments.
	...

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