3.8 • 950 Ratings
🗓️ 10 October 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 Monday, October 10th, and I'm your host Julie Morgan. |
0:15.8 | Our Top Stories The Catalyst Watch, Earning Season, The Bank of England, |
0:20.9 | Mortgages, Rivian, Tesla, Boeing, and Teva. |
0:25.0 | Today is Columbus Day, a federal holiday. |
0:28.0 | The stock market is open, but the bond market is closed. |
0:32.0 | Now let's take a look back before we take a look ahead. |
0:35.2 | Stocks finished sharply lower on Friday after September payroll data |
0:39.5 | further undermined hope that the Federal Reserve |
0:41.8 | was nearing the end of its rate hiking process. |
0:44.7 | The Dow closed down 2.1 percent, the S&P 500 dropped 2.8 percent, and the NASDAQ finished |
0:50.9 | down 3.8%. |
0:53.1 | All 11 S&P sectors post it declines on the session with all but one recording losses of |
0:58.3 | more than 1.5%. |
1:00.5 | Infotech was the worst performer dropping 4.1%. |
1:04.0 | Consumer discretionary was another standout decliner with a loss on the session of 3.6%. |
1:10.0 | Today is Monday, so we've got the catalyst watch for the week. To help us out with that here's |
1:16.2 | Jerry Cronenberg, the director of news for Seeking Alpha. |
1:20.1 | Number of key things, the earning season gets going in earnest we'll get our first read on Tuesday October 11th with Pepsi co being a very key consumer stock and the big thing we'll be looking for is late in the week on Friday the 14th of October |
1:34.6 | will get all the big money center banks Wells Fargo, Citigroup, J.P. Morgan Chase and others that should give us a big |
1:41.2 | read on where we are earnings wise. |
... |
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