Wall Street Breakfast September 1: Disney Considers Amazon-Like Membership Program

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 1 September 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Disney considers Amazon-like membership program - WSJ. Will the Nord Stream shutdown add to volatility in energy markets? Nvidia drops after U.S. prohibits sales of some of its products to China. Catch today’s WSB article seekingalpha.com/wsb. Start Your Free Trial of Seeking Alpha Premium - https://bit.ly/3uX5TDY.

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.
0:11.2	Good morning. Today is Thursday, September 1st, and I'm your host Julie Morgan.
0:15.8	Our top stories.
0:17.2	Disney, Oil, and Invidia, and later Walmart, Costco, GoodR, 3M, Micro Strategy, and T-Mobile.
0:27.4	A choppy session ended with another day of declines on Wednesday, with Wall Street
0:31.6	finishing lower for the fourth consecutive day.
0:34.3	Ongoing concerns about the Federal Reserve and interest rates continue to drag on the market.
0:39.6	Ten of the 11 S&P sectors finished the day in red. The losses were generally modest with only materials
0:46.0	posting a decline of more than 1%. Communication services managed to finish the day flat,
0:52.0	the best performance among the major market segments.
0:55.0	Looking to the bond market, the 10-year Treasury yield rose six basis points to 3.17 percent,
1:01.0	and the two-year yield was basically flat at 3.47%. On an economic front, the
1:06.7	latest ADP jobs report showed 132,000 jobs were added in August in its
1:12.1	reformulated measure compared to the 225,000 consensus figure.
1:17.0	In the earnings spotlight today, Broadcom, Pager Duty, Lulu Lemon, and Campbell's Soup.
1:25.0	In our day watch is a standout decliner.
1:28.0	Chewy dropped in the wake of its latest quarterly report
1:31.0	as soft results and a week forecast spurred a decline of more than 8%.
1:35.9	The online Pet Supply retailer beat expectations with its Q2 earnings figure.
1:40.8	However, sales failed to meet analyst's consensus, despite a total that rose
1:44.9	13% from last year to reach $2.43 billion.
	...

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