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Wall Street Breakfast

Wall Street Breakfast May 25: Biden: 'We Have to Act' After Texas Elementary School Shooting

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 25 May 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Biden: 'We have to act' after Texas elementary school shooting. Toyota lowers production expectation for June due to semiconductor shortage. Coinbase becomes first cryptocurrency firm to enter Fortune 500 list. 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 Wednesday, May 25th, and I'm your host Julie Morgan.

0:15.3

Our top stories, Texas, Toyota, and Coinbase.

0:18.9

A mass shooting at an elementary school in Texas,

0:21.5

what is President Biden saying about gun control?

0:24.0

Semiconductors are being blamed for less production from Toyota.

0:28.0

What's the difference from their June target number?

0:31.0

And Coinbase is the first, but first but of what first let's take a look at

0:35.3

Tuesday's market the Dow Jones closed up 48 at 3,929 the S&P 500 was down 32 to close at 3,941 and the NASDAQ down 271 at 11, 264.

0:49.0

On to our day watch, the top gainers, America's Car Mart up 31%, Train Insurance Group 11%

0:57.2

and our Terrace gain 10%.

0:59.6

The top losers.

1:01.0

Snap Class A down 43%, Big Bear AI Holdings 40%, Walk Me lost 34%.

1:08.2

Abercrombie and Fitch Class A 29%, and liquidity a corp down 28%.

1:14.0

The top gainers and losers at seeking alpha.com.

1:18.0

We'll take a look at Dow S&P and NASDAQ futures in a few minutes as well as the world markets.

1:23.6

In the earning spotlight today,

1:25.5

Invidia, Snowflake, Dick Sporting Goods, William Sonoma, and Box.

1:31.6

Now on to our top stories. At least 19 children and two adults were killed in a mass

1:36.2

shooting in Yuvaldi, Texas. The 18-year-old gunman is also dead. Yuvaldi is

1:41.6

about an hour and a half west of San Antonio.

...

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