Wall Street Breakfast May 26: Freddie Mac Mortgage Portfolio Expands at 4.0% Annualized Rate in April

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 26 May 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Freddie Mac mortgage portfolio expands at 4.0% annualized rate in April. Twitter jumps as Musk raises deal equity commitment to $33.5 billion. Boeing's Starliner lands safely after completing mission to space station. 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 Thursday, May 26th, and I'm your host Julie Morgan.
0:15.7	Our top stories, mortgages, space and Twitter.
0:19.1	Freddie Mac's Mortgage Portfolio, how were March and April different?
0:23.0	The Boeing Starliner lands safely.
0:25.0	Is it ready to send astronauts to the International Space Station?
0:29.0	And Elon Musk raises his aggregate equity commitment for the Twitter deal.
0:34.2	How much is it now?
0:36.3	First, let's take a look at Wednesday's market.
0:38.9	The Dow Jones closed up 192 at 3,000 120. The S&P 500 was up 32 to close at 3,979 and the NASDAQ up 170 at 11,435.
0:51.5	On to our day watch, the Top Gainers, Black Sky Technology up 97%, Stonemore, 50%,
0:59.2	Choleric Gain 30%, Game Stop Corporation 29% and Evolve Technologies Holdings up 28%.
1:07.8	The top losers, Anoki and Bio Sciences down 37%, Super Group Limited 23% 2U Inc lost 18% day 1
1:17.7	bio pharmaceuticals 15% and genetics Pharmaceuticals down 12%.
1:23.3	We'll look at Dow S&P and NASDAQ futures in a few minutes as well as the world markets.
1:29.5	In the earnings spotlight today, Alibaba, Costco, Dollar General, Gap and Work Day.
1:36.6	Now on to our top stories.
1:38.4	Freddie Max Mortgage portfolio grew at an annualized rate of 4% in April.
1:43.4	In March, that number was 11.5%.
1:46.2	Mortgage-related securities and other mortgage-related guarantees
1:50.0	increased at an annualized rate of 5.8% in April versus 10.9% in March.
	...

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