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Wall Street Breakfast

Wall Street Breakfast November 29: Biden Calls On Congress To Avert Rail Strike

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 29 November 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

President Biden calls on Congress to avert a rail strike. Snap (SNAP) reportedly tells staff to be in the office 4 days a week starting February. Google (GOOG) (GOOGL) increasing heat on Apple (AAPL) over NFL Sunday Ticket package as talks linger: report.

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.

0:11.1

Good morning. Today is Tuesday, November 29th,

0:14.1

and I'm your host Julie Morgan, our top stories.

0:17.4

President Biden is calling on Congress to avert a rail strike.

0:21.6

Snap is telling staff to get back into the office.

0:24.8

Elon Musk takes on Apple. Some FTX customers were told to send wire transfers

0:30.4

through Alameda. Google is increasing the heat on Apple over the NFL Sunday ticket.

0:36.4

Sony seals the deal with legendary entertainment,

0:39.8

and Panduo-Duo and Hain Celestial Group are in our day watch.

0:45.0

U.S. stocks lost ground on Monday amid worries about interest rates,

0:49.0

shut downs in China, andgoing instability in the cryptocurrency sector.

0:54.4

The NASDAQ finished down 1.6 percent.

0:57.1

The S&P 500 closed down 1.5 percent,

1:00.3

and the Dow ended down 1.5 percent.

1:03.4

All 11 S&P sectors finished the day in red.

1:06.6

Energy and real estate were among the worst performers,

1:10.0

each dropping more than 2.7 percent Materials and Infotech all declined more than 2% as well.

1:17.4

Mike Zakardi is an analyst and contributor on Seeking Alpha. He said all eyes will soon be on Friday's November jobs report, which should drive

1:26.4

Fed action in December. Elsewhere, the market also digested further hawkish comments from a top

1:32.3

Federal Reserve official.

1:33.8

St. Louis Fed President James Bullard says markets could be underpricing the risk

...

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