Wall Street Breakfast October 28: Elon Musk Twitter Takeover Complete
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 28 October 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
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 Friday, October 28th, and I'm your host Julie Morgan, our top stories. |
| 0:17.4 | Twitter's execs fired and Elon Musk takes over. |
| 0:21.5 | Netflix expands its merchandising deal with Walmart, Gaines in |
| 0:25.3 | service now, Apple earnings and future deceleration, Amazon earnings with a |
| 0:30.8 | positive outlook, and Pinterest zooms to a financial Q3 beat. |
| 0:35.8 | The major U.S. equity averages put in another mixed performance on Thursday following |
| 0:41.2 | up on a similar result the day before. |
| 0:43.6 | The NASDAQ finished down 1.6%. |
| 0:46.4 | The S&P 500 closed down 0.6%, and the Dow |
| 0:50.3 | ended up 0.6%. |
| 0:52.8 | Five of the 11 S&P sectors ended the day in red. |
| 0:55.9 | This was led by communication services, which plunged more than 4%. |
| 1:00.2 | Consumer discretionary and info tech were also weak while industrials and financial showed strength. |
| 1:06.0 | The 10-year Treasury yield declined 12 basis points to 3.9 percent, |
| 1:10.0 | and the 2-year yield dropped 13 basis points to 4.28 percent. |
| 1:15.0 | On the economic front, government statistics show that the US GDP rose 2.6 percent in Q3, |
| 1:22.0 | compared to the expected increase of 2.3%. |
| 1:25.6 | Leo Nellison is a Seeking Alpha contributor with BN capital. |
| 1:29.9 | Nellison says Thursday's volatile market action and weakness among tech stocks underscores the impact of the Fed's tightening cycle, high inflation and slowing economic growth as companies continue to struggle to protect their bottom lines. |
| 1:43.7 | He went on to say that although markets continue to benefit from a relief rally, |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2025.