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Wall Street Breakfast

Wall Street Breakfast October 17: Goldman Sachs Announces Reorganization

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 17 October 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Goldman Sachs announces reorganization, to combine investment banking and trading businesses - WSJ. Xi Jinping aims for a major leap in China's economy by 2035. Apple pauses plans to implement China's YMTC chips amid new U.S. export regulations. Catch today’s WSB article https://seekingalpha.com/wsb. Invest Successfully With Alpha Picks https://seekingalpha.com/alpha-picks/subscribe.

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.

0:11.4

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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