3.8 • 950 Ratings
🗓️ 2 November 2022
⏱️ 7 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, November 2nd, |
0:14.0 | and I'm your host Julie Morgan, our top stories. |
0:17.3 | The Federal Reserve is poised for fourth 75 basis point rate hike. |
0:21.8 | Then what? A Biomed is in our day watch. Dollar General |
0:25.9 | is being sued by the Ohio AG. Walmart is taking aim at Amazon. Disney Plus |
0:32.1 | is testing something new. |
0:34.0 | Twitter could be ending ad-free articles, |
0:37.0 | Upstart cuts staff, and Rogers plummets after the DuPont announcement. |
0:42.0 | Wall Street remained cautious on two-thirds. after the Dupont announcement. |
0:48.0 | Wall Street remained cautious on Tuesday ahead of a crucial Federal Reserve announcement due out today. The NASDAQ finished down 0.9%. |
0:52.0 | The S&P 500 closed down 0.4 percent and the Dow ended down 0.2 percent. It was a mixed day on the |
0:59.2 | sector front. Six of the 11 S&P market segments recorded losses, led by weakness in communication services and consumer |
1:07.1 | discretionary. |
1:08.1 | Meanwhile, utilities, materials, financials, and energy posted mild gains. |
1:13.6 | Elsewhere, results were mixed in the bond market. |
1:16.5 | The 10-year Treasury yield retreated dipping about two basis points to 4.06%. |
1:22.2 | Meanwhile, the two-year yield advanced nearly five basis points to 4.55%. |
1:28.2 | Andrew Hecht is a seeking alpha contributor. He says, given the upcoming Fed decision and the midterm elections in the U.S. next week, |
1:36.3 | fasten your seat belts for a wild ride over the coming sessions. |
1:41.2 | In the earnings spotlight today, Qualcomm, CVS Health, booking holding, Humana, and Yum brands. |
... |
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