Wall Street Breakfast September 27: Chevron, BP Stop Output At Some Gulf Of Mexico Facilities Ahead Of Hurricane Ian
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 27 September 2022
⏱️ 7 minutes
🧾️ Download 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. |
| 0:11.1 | Good morning. Today is Tuesday, September 27th, |
| 0:14.1 | and I'm your host Julie Morgan. |
| 0:15.9 | Our top stories, Oil Production, |
| 0:18.3 | Twitter versus Musk, Ford, Meta, |
| 0:21.1 | Stellantis, Uber, Starbucks, Eli Lilly, and Student Loans. |
| 0:27.8 | Major market averages finished Monday's trading session in negative territory as the dollar strengthened and yields rose. |
| 0:35.0 | The 10-year Treasury yield jumped up 20 basis points to 3.89 percent. |
| 0:39.8 | At the same time, the two-year yield gained 10 basis points to 4.31 percent. Of the 11 |
| 0:45.5 | S&P sectors 9 finalized trading in the red and they were led lower by the |
| 0:50.0 | real estate sector. The consumer discretionary segment was the best performing segment. |
| 0:56.2 | In the earnings spotlight today, Cracker Barrel, Jabel, and United Natural Foods. |
| 1:06.0 | In our day watch is Peloton Interactive. The stock dropped to a new all-time low during trading Monday. |
| 1:09.0 | This happened after the company is starting to |
| 1:15.0 | is leaving Peloton for Autodesk, |
| 1:16.7 | just as the company is starting to promote the new Peloton row product. |
| 1:20.6 | Peloton traded as low as $8.06 per share Monday to mark a 92% drop from the 52 week high. |
| 1:27.8 | The stock traded as high as $8.85 cents before finally closing at $8.22 per share, which was a 3.4% drop from Friday. |
| 1:37.0 | Now are top stories. Chevron said Monday it is moving workers to safety and temporarily shutting in |
| 1:44.9 | production at two oil production platforms in the Gulf of Mexico. This is |
| 1:49.2 | happening as a precaution ahead of Hurricane Ian. The hurricane is strengthening as it is predicted to make landfall on the west coast of Florida. |
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