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Wall Street Breakfast

Wall Street Breakfast November 7: Meta Reportedly Planning Major Layoffs

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 7 November 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Facebook parent Meta (META) planning major layoffs this week - WSJ. Social media looks on as rapid overhaul continues at Twitter. Apple (AAPL) warns of lower iPhone 14 shipments due to China COVID issues. Home prices fall for the third straight month in September, Black Knight says. 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 Monday, November 7th, and I'm your host Julie Morgan, our top stories.

0:17.0

Facebook Parent Meta platforms planning major layoffs this week.

0:22.0

Apple warns of lower I-14 shipments.

0:24.7

Goldman cuts its forecast for 2023 S&P 500 earnings growth.

0:29.8

Home prices fell for the third straight month in September.

0:33.3

Philip Morris is said to win Elliot's support for Swedish match takeover, and the SEC charges

0:39.3

four people for alleged Bitcoin Ponzi scheme.

0:43.0

I want to give you a little behind the scenes look at how I prepare for the podcast each day.

0:48.0

One of the stories we're covering today is Apple's iPhone 14 shipments.

0:52.0

To add more context, I went to Seeking Alpha and checked out

0:55.9

Apple's stock page. It has a ton of information from earnings dates to how the stock is performing

1:01.5

relative to its peers.

1:03.1

It also includes the quantorating,

1:05.2

that's seeking Alpha's way of telling you how they feel about a stock,

1:08.8

buy, sell, or hold.

1:10.4

If you want this same information about a stock that you're researching, you can have it with a seeking alpha premium account.

1:17.0

And you don't have to commit before you know anything about it.

1:20.0

Go premium, free for seven days. Yep, an entire week and getting started is easy,

1:25.7

Seeking Alpha.com.

1:28.3

Now let's take a look back and then a look ahead,

...

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