Wall Street Breakfast May 11: Stock Futures Point Higher Ahead of Key Inflation Report

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 11 May 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stock futures point higher ahead of key inflation report. U.S. gas prices surge to fresh new high, with no long-term relief seen. Cathie Wood: ‘We think we could be in a global recession’. 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.
0:11.1	Good morning. Today is Wednesday, May 11th, and I'm your host Julie Morgan.
0:15.3	Our top stories.
0:16.6	The Consumer Price Index, Gas Prices, and Recession.
0:20.4	Another inflation report to be released, what is the consumer price index expected to tell us?
0:26.0	Gas prices have hit a new high. How high will they go?
0:30.0	The CEO of Arc Invest is expressing concerns over the global economy.
0:34.4	How deep are her concerns.
0:36.4	But first, let's take a look at the market.
0:38.8	The Dow Jones closed down 85 points at 32,161.
0:43.5	The S&P 500 up a quarter of a percentage point to close above 4,000, and the NASDAQ closed up just
0:49.9	shy of 1%.
0:51.6	The top gainers, Biohaven Pharmaceutical Holdings up 68%, Appian Corp Class A 39%,
0:59.7	Vroom up 32%, Adapt Health Corp. 30% and Arenaa Pharmaceuticals up 26%.
1:08.0	The top losers, Desktop Medal Class A down 61%, Embarked Technology 59%, Upstart Holdings down 56%,
1:17.7	Cypher Mining 47%, and future fuel down 34%.
1:22.8	The top gainers and losers at seeking Alpha.com.
1:26.6	We'll take a look at Dow S&P and NASDAQ futures in a few minutes
1:30.8	as well as the world markets. Now our top stories. Investors are
1:35.7	bracing for another inflation report. The consumer price index is expected to
1:40.2	come in at 8.1% year over year for the month of April. 8.1% would be lower than the 8.5% seen in March.
	...

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