3.8 • 950 Ratings
🗓️ 17 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. |
0:11.4 | Good morning. Today is Monday, October 17th, and I'm your host Julie Morgan. |
0:16.0 | Our Top Stories, Goldman Sachs, China, The Catalyst Watch, Broadcom, BMW, Apple and Polio. |
0:25.0 | Stocks finish Friday session with solid losses turning back to the downside after a bout of bargain |
0:31.1 | hunting the day before. |
0:32.6 | The S&P and NASDAQ recorded their seventh losing session |
0:36.0 | out of the past eight. |
0:37.2 | The NASDAQ ended down nearly 3.1%. |
0:40.3 | The S&P 500 closed down 2.3% and the Dow Jones lost 1.3%. |
0:46.2 | All 11 S&P sectors finished the day lower. |
0:49.0 | Consumer discretionary, energy, and materials all declined more than 3%. |
0:54.4 | Health care held up better than the other sectors as the only segment falling less than 1%. |
1:00.0 | Now let's check the catalyst to watch for the week seeking alpha managing editor |
1:05.0 | Kim Khan is focusing in on one stock NFL X Netflix |
1:09.0 | Netflix earnings coming next week and one thing you're gonna to hear from them is that probably a strong dollar impacted |
1:16.2 | their results but you're going to hear that from a lot of companies I wrote about this it's going to be the |
1:20.4 | new excuse it's the new supply chain strong Strong dollar, you know, cause us to miss expectations. |
1:26.0 | But more interesting for Netflix shareholders is going to be any details on their ad |
1:31.2 | supported tier. We found out last Thursday that |
1:33.9 | basic with ads will launch November 3rd for 699 a month. It launches in a |
1:39.1 | dozen countries including the US. But the next question is, how will Netflix get the information about you, the consumer, to the |
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