3.8 • 950 Ratings
🗓️ 1 November 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. |
0:11.2 | Good morning. Today is Tuesday, November 1st, |
0:14.0 | and I'm your host Julie Morgan. |
0:15.8 | Our top stories. |
0:17.2 | President Biden says a windfall tax on energy producers |
0:21.2 | could be in their future. |
0:22.6 | Albertson still plans to pay the $4 billion special dividend. |
0:27.0 | Meta platforms is our notable new low. |
0:30.0 | Delta pilots vote in favor of a strike authorization. |
0:33.8 | Penguin Random House gets blocked, |
0:36.4 | and Tesla's cyber truck gets a mass production date. |
0:40.3 | Stocks closed out October with the lower finish on Monday. |
0:43.5 | This halted their recent rebound as investors took a cautious tone ahead of the upcoming Federal Preserve decision. |
0:50.0 | The major U.S. equity averages posted modest declines, with the Dow ending a six session winning streak. |
0:56.1 | The Dow finished down 0.4 percent. The S&P 500 ended down 0.7 percent, and the NASDAQ closed down 1%. 10 of the 11 S&P sectors ended in the red. |
1:07.6 | This was led by greater than 1% slides in communication services and Infotech. Energy posted the only strong finish on the day, ending |
1:16.3 | higher by 0.6%. Looking to the bond market, Treasury yields pushed higher |
1:21.8 | on Monday. The two-year yield climbed 8 bases points to reach 4.5 percent, |
1:27.5 | while the 10-year Treasury yield advanced 7 basis points to 4.08%. |
1:33.0 | Mike Zakardi is a seeking alpha contributor. |
1:36.0 | He pointed to key economic data on the horizon, |
... |
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