Wall Street Breakfast November 25: China Lockdown, Apple Supplier Discontent

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 25 November 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Economy watch: China maintains zero-COVID policy; Foxconn issues apology. Apple (AAPL) reportedly eyeing Manchester United (MANU) takeover. Want to bet on Black Friday and Cyber Monday results? Here are some ETFs to watch. Learn more about these stocks with a free trial of Seeking Alpha Premium 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 Friday, November 25th,
0:14.2	and I'm your host Julie Morgan.
0:16.1	Our top stories.
0:17.6	China Zero COVID policy, discontent at FoxCon.
0:22.0	Genesis hires a restructuring advisor. Ford is recalling more
0:26.0	than 600,000 vehicles. Is Apple getting into the soccer business? ETFs to
0:31.8	watch this Black Friday and Cyber Monday, and the movie theater business is in our day watch.
0:38.0	Investors will get a chance to shop for shares for a limited time on this Black Friday.
0:43.6	The stock market will close early with low volumes and trading activity typically
0:48.2	seen until the close at 1 PM Eastern time.
0:51.3	Bond markets will close an hour later while metals and US crude oil will
0:56.0	settle at 1230 PM and 1.30 PM respectively. But where did things end Wednesday
1:01.8	before the day off?
1:03.4	Ahead of a day off for the Thanksgiving holidays, stocks edged higher in Wednesday's trading,
1:08.1	as the minutes from the latest Federal Reserve meeting suggested that the pace of interest rate increases could
1:13.7	begin to slow. The advance added to gains posted during the previous day when the
1:18.6	S&P 500 finished above the 4,000 mark for the first time since September 12th.
1:23.8	With the markets closed on Thursday Wednesday's action came with light volume
1:28.0	and limited participation.
1:29.7	The NASDAQ closed up 1%.
	...

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