Wall Street Breakfast October 11: Key Union Rejects Deal With Freight Railroads

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 11 October 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Key union rejects deal with freight railroads. JPMorgan's Jamie Dimon sees recession starting in next 6-9 months, markets could get 'disorderly'. Ex-Fed chair Ben Bernanke: U.S. not in anything like dire straits seen in 2008. Nissan to book ~$687M loss as it sells Russian business for €1. Catch today’s WSB article https://seekingalpha.com/wsb. Start Your Free Trial of Seeking Alpha Premium - https://bit.ly/3uX5TDY.

Transcript

Click on a timestamp to play from that location

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 Tuesday, October 11th,
0:14.1	and I'm your host Julie Morgan.
0:16.1	Our top stories, Denberry, ExxonMobil, Railroad Agreement, Bernanke and Diamond, Medicare, Netflix, and Airbus.
0:26.1	The downward momentum that marked the end of last week continued on Monday with the major
0:30.6	averages finishing lower for the fourth consecutive session.
0:34.0	Seven of the S&P sectors finish lower.
0:37.0	Infotech was among the weaker groups, dropping as semiconductor stock struggled due to rules restricting China shipments.
0:44.0	Energy was another standout declineer falling by more than 2%.
0:48.5	No numbers to report in the Bond Market with the Columbus Day holiday,
0:52.3	the market was closed Monday.
0:55.2	In the earnings spotlight today, Vox International.
0:59.8	In our day watch is a notable new high, Reports pointing to a potential sell triggered buying
1:05.1	interests in Denbury. With Exxon identified as a potential buyer, Den rallied almost 7%
1:11.2	to reach a new 52 week high.
1:13.3	Street Insider reported that Den is in talks to be acquired by a strategic buyer.
1:18.2	Meanwhile, Bloomberg said XOM was considering a takeover as well.
1:22.4	Den showed losses early in the day,
1:24.0	but the takeover report sparked a wave of buying
1:27.0	in the middle of the session.
1:28.0	The stock eventually ended at $99.02,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.