3.8 • 950 Ratings
🗓️ 26 September 2022
⏱️ 7 minutes
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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 Monday, September 26th, and I'm your host Julie Morgan. |
0:16.1 | Our top stories. |
0:17.4 | Twitter, Amazon, Foreclosures Beyond Meet Unilever, Ford, and Instacart. |
0:24.8 | First a look back and then a look ahead. |
0:27.4 | Stocks recorded another day of losses on Friday |
0:30.1 | as investors continue to worry that an aggressive Federal reserve will push the economy into recession. |
0:35.6 | The major averages trim their losses going into the close, but now before the Dow recorded a new |
0:40.8 | low for the year. With Fridays drop the major averages have now |
0:44.5 | fallen in seven of the last nine sessions. This dates back to September 13th when |
0:49.9 | the release of a hotter than expected inflation report sent the market spiraling. |
0:54.3 | All 11 S&P sectors finish lower. Energy was the weakest, tumbling more than 6% as oil prices |
1:00.8 | slid. Today is Monday, so let's turn to our catalyst to watch for the |
1:05.7 | week. It's also one of our top stories. Seeking Alpha Managing Editor Kim |
1:10.1 | Khan says our attention will be focused on one social media platform. |
1:14.4 | So you got kind of the week bookended at the start of the week. |
1:18.2 | There's Elon Musk is going to be deposed in the in the trial over the Twitter acquisition and of course the |
1:25.8 | that's going to be behind closed doors it's going to be two days of questioning but you know it's not |
1:30.7 | unheard of for you know leaks to come out of depositions so people |
1:35.2 | will be watching closely for that and then at the end of the week it's Twitter's |
1:39.6 | AI Day it's its event day where it usually comes up with new products and new ideas and the big one, the buzz about is Optimus. It's humanoid robot. |
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