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Wall Street Breakfast

Wall Street Breakfast September 20: Treasury Yields At Highest In Over A Decade Before Key Fomc Meeting

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 20 September 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

Treasury yields at highest in over a decade before key FOMC meeting. Apple is raising app store prices in Europe and Asia next month. Apple reportedly sees bugs causing the iPhone 14 Pro Max camera to crash. 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 Tuesday, September 20th,

0:14.1

and I'm your host Julie Morgan.

0:15.8

Our top stories.

0:17.1

Treasury yields, Apple, Visa, and Mastercard,

0:21.0

Twitter versus Musk, Ford, Coinbase, and Amazon.

0:26.0

The stock market wrapped up Monday's volatile trading session in the green as investors prepared

0:31.1

for the Federal Reserve's interest rate decision this week,

0:34.4

9 of 11 S&P sectors ended higher, led by materials and industrial's, health care, the weakest.

0:42.0

In the earnings spotlight today, Stitch Fix and the

0:45.0

in the earnings spotlight today, Stitch Fix and Aurora Cannabis.

0:47.0

In our day watch is a standout decliner,

0:50.0

So Terra Health dropped more than 33% Monday after a report that a jury awarded a total of

0:56.1

$363 million to a woman who had sued its stereogenics unit over claims that emissions

1:02.4

from its plant may have led to her breast cancer. the Year to date the stock is down nearly 58% and over the past 12 months the stock is

1:16.3

down nearly 60%. Now our top stories. Treasury yields are at the highest and over a decade before the key FOMC meeting.

1:26.0

The 10-year Treasury yield crossed 3.5% on Monday for the first time since 2011,

1:31.7

while the rate on the two-year Treasury rose overnight to a

1:34.8

15-year high at 3.97 percent. Traders are pricing in an 80 percent chance

1:40.5

that the Federal Open Market Committee will lift its overnight lending rate

1:44.3

tomorrow by 75 basis points for a third time. This is according to the CME's Fed Watch tool.

...

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