Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

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Good morning. Today is Friday, October 21st,

and I'm your host Julie Morgan,

our top stories.

Snap slides after reporting earnings, job cuts at Twitter,

an investigation of Elon Musk,

Deutsche Bank lays off workers, Texas sues Google,

Jobcuts on the way at Intel.

General Motors introduces a new EV and saying bye-bye to Revlon. Concerns that the Federal

Reserve will continue its ultra-hawkish policy weighed on stocks Thursday.

The major U.S. Equity Indices ended lower, further trimming gains

posted earlier in the week. The NASDAQ finished down 0.6%. The SMP 500 ended down 0.8% and the Dow closed down 0.3%.

Eight of the 11 S&P sectors posted declines.

The utility segment led the way falling by 2.5%.

Industrials and consumer discretionary also showed notable weakness.

Over in the bond market, Treasury yields pushed higher again.

The 10-year Treasury yield rose 10 basis points to 4.22 percent,

while the 2-year yield climbed 6 basis points to reach 4.62 percent.

In the earnings spotlight today, Verizon, American Express and Barclays.

In our day watch, shares of Munich are down 70% in pre-market trading.

This happening after the company said Thursday

...