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Wall Street Breakfast

Wall Street Breakfast October 25: Oil Producers Skeptical Of Biden Plan To Refill U.S. Reserves

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 25 October 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

Oil producers skeptical of Biden plan to refill U.S. reserves. Adidas (ADDYY) plans to sever ties with Kanye West after antisemitic remarks - Bloomberg. Weber (WEBR) jumps after BDT Capital takeover offer. Learn more about these stocks with a free trial of Seeking Alpha Premium now.

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 Tuesday, October 25th, and I'm your host Julie Morgan, our top stories.

0:17.8

Oil producers skeptical of Biden's plan to refill U.S. Reserves.

0:22.4

Weber is up double digits pre-market.

0:24.7

Adidas is cutting ties with Yay.

0:27.0

Elon Musk is not under review.

0:29.4

Mobilize IPO may be more than expected.

0:32.4

Mattel and Pokemon shake hands again. I's IPO may be more than expected.

0:32.6

Mattel and Pokemon shake hands again.

0:35.4

And What's Up with WhatsApp?

0:38.4

Wall Street posted another day of gains on Monday.

0:41.2

The NASDAQ closed up 0.9%. The S&P 500 ended up 1.2% and the Dow

0:47.6

closed up 1.3%. Nine of the 11 S&P sectors finished the day in green.

0:53.4

This was led by a 1.9% advance in health care

0:56.7

and a 1.8% climb in consumer staples.

0:59.8

Real estate and materials ended fractionally lower.

1:03.1

Looking at the bond market, rates ticked higher.

1:05.9

The 10-year Treasury yield rose three basis points at 4.24 percent,

1:10.5

and the two-year yield climbed almost two basis points to around 4.51 percent.

1:16.0

Seeking Alpha contributor Mike Zakardi said over the past eight trading days, the S&P 500 is up about

1:22.0

6% while the broad Treasury index is down 2%.

...

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