3.8 • 950 Ratings
🗓️ 18 May 2022
⏱️ 8 minutes
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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 18th, and I'm your host Julie Morgan. |
0:15.4 | Our top stories, Inflation, Pac-Sloavit, and vaccines. |
0:19.9 | What is the latest from Fed Chairman Jerome Powell on inflation? |
0:24.0 | How much Pac-Slovid has been administered in recent weeks? |
0:27.7 | And what does one study have to say about the effectiveness of one type of vaccine over |
0:32.1 | another? First, let's take a look at the market. of one type of vaccine over another. |
0:33.0 | First, let's take a look at the market. |
0:35.0 | The Dow Jones closed up 431 at 3.655. |
0:39.0 | The SMP 500 up 2% to close at 4,89 and the NASDAQ up 322 at 11 985. |
0:47.0 | Now on to our day watch, the top gainers, Enthusiast Gaming Holdings up 35%, Telleris therapeutics up 36%. |
0:56.2 | Sunlight financial holdings gain 28%, New Text Health 28%, and Yellow Corporation up 26%. The top losers Embarked Technology |
1:07.1 | down 31%. AN2 therapeutics also down 31. Benson Hill lost 18 percent, Albario Pharma 18 percent, and |
1:17.4 | high peak energy down 15 percent. You can find the top gainers and losers at seeking alpha.com. |
1:24.8 | We'll take a look at Dow S&P and NASDAQ futures in a few minutes as well as the world markets. |
1:31.8 | Now on to our top stories. If we have to go past neutral, we won't hesitate. |
1:37.0 | Those words from Fed Chair Jerome Powell. |
1:39.0 | We told you yesterday here on Wall Street breakfast that he would be speaking at the |
1:43.6 | future of everything festival. He went on to say that before the Fed slows its pace of |
1:48.6 | rate increases there needs to be clear and convincing evidence that inflation is coming down. The interviewer |
1:55.0 | posed the question about whether the Fed is moving fast enough in raising rates. |
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