Wall Street Breakfast September 15: The Merge Arrives As Ethereum Switches To New Operating Model

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 15 September 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Merge arrives as Ethereum switches to a new operating model. Rail companies and union reach tentative labor agreement. California sues Amazon over alleged anti-competitive pricing practices. Catch today’s WSB article 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.
0:11.2	Good morning. Today is Thursday, September 15th,
0:13.9	and I'm your host Julie Morgan.
0:15.7	Our top stories, Railroads, Costco, Disney,
0:19.6	EV stations, Google, Verizon, and Instagram.
0:24.6	Major market averages finished in the green
0:26.8	and Wednesday's choppy session,
0:28.4	as the August producer price index report
0:30.9	contracted as forecasted.
0:33.0	Stocks swung between gains and losses after Tuesday's sell-off that was sparked by a higher
0:37.8	than expected CPI report.
0:40.1	Producer Price Index data fell for its second straight month
0:43.2	as it slid 0.1% month over month for August,
0:47.0	following a 0.4% drop in July.
0:50.0	That PPI reading came in line with market consensus.
0:53.4	The 10-year Treasury yield has dipped by one basis point to 3.41 percent, and the two-year
0:58.7	yield is up four basis points to 3.80 percent. Among the S&P sectors, six of the 11 closed in the green, led higher by energy and
1:07.6	consumer discretionary. In the
1:14.2	day watch, Costco, this week on Stock Market Live, the co-hosted a charted analysis of
1:19.8	Costco. Mike Saul talked about the company's business model.
1:23.5	Recession resistant.
	...

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