Wall Street Breakfast May 24: Biden May Remove Smog-Related Mandate to Lower Gasoline Prices

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 24 May 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Biden may remove another smog-related mandate to lower gasoline prices. Spirit Airlines CEO calls JetBlue offer “cynical” in scathing rebuke of unsolicited bid. Airbnb is closing its domestic business in China. 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 Tuesday, May 24th, and I'm your host Julie Morgan.
0:15.5	Our top stories.
0:16.9	Gas prices, travel, and more travel.
0:19.7	A report says the Biden administration is considering waiving a mandate in an effort to lower gas prices.
0:26.2	What is being considered and is this a first?
0:29.0	Spirit Airlines CEO is calling out JetBlue.
0:32.0	Does he believe JetBlue's bid for the company is genuine?
0:35.3	An AirB&B is pulling out of a major market, sorta.
0:39.3	Which market, and why are they making this move?
0:42.2	First, let's take a look at Monday's market.
0:44.8	The Dow Jones closed up 618 at 3,880.
0:48.3	The S&P 500 was up 72 to close at 3,974 and the NASDAQ up 181 at 11,535.
0:57.4	Now on to our day watch.
0:59.1	Saba Capital Income and Opportunities up 98% standard bio tools 33%
1:05.0	saunder holdings class A 27%
1:08.4	VMware class A 25% and gold mining up 25%.
1:14.0	The top losers, in note of 28%, Milacom International Cellular S.A. 21%, Liquidia Corp.
1:21.8	lost 19%, Avaya Holdings 14% and Vera Therapeutics Class A down 13%.
1:29.0	You can find the top gainers and losers at seeking Alpha.com. We'll look at Dow
1:34.5	S&P and NASDAQ futures in a few minutes as well as the world markets.
	...

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