Wall Street Breakfast May 10: JP Morgan Sees Used Auto Prices Stabilizing

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 10 May 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

JP Morgan sees used auto prices stabilizing. What’s next for Bitcoin? Elon Musk responds to threat from Russia’s space chief. 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, May 10th, and I'm your host Julie Morgan.
0:15.2	Our top stories, Auto Prices, Bitcoin, and Elon Musk.
0:19.6	Use car prices.
0:21.0	Increase, decrease, remain the same.
0:23.4	We're hearing what J.P. Morgan has to say.
0:26.0	What's next for Bitcoin as the cryptocurrency drops?
0:29.5	And what did a Russian top official have to say about Elon Musk?
0:33.6	And how did the CEO of SpaceX respond?
0:36.6	First, let's take a look at the market.
0:38.7	The Dow Jones closed down 2%, the S&P 500 down 3% to close below 4,000 and the NASDAQ down more than 4%.
0:47.0	The top gainers.
0:48.2	Points.com up 42% Medical, up 25%.
0:52.6	Emerald Holdings up 19%.
0:54.9	Treehouse Foods, 14% in Eiger Biopharmaceuticals, 13%.
1:00.6	The top losers, Party City down 61%, Charge Enterprises 32%,
1:06.4	ADC Therapeutics S.A. down 29%, Forge Global Holdings S.A.
1:11.6	down 28% in Salularity Class A down 25%.
1:16.4	Those top gainers and losers at seeking Alpha.com.
1:20.5	We'll look at Dow S&P and NASDAQ futures in a few minutes as well as the world markets.
1:26.0	Now on to our top stories.
	...

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