Wall Street Breakfast September 6: Investors Fear Energy Shocks Could Spur A Wider Economic Crisis (Podcast)

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 6 September 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Investors fear energy shocks could spur a wider economic crisis. Bankruptcy filings jump in August from historically low levels. CVS buys Signify Health for $30.50/share, expanding reach in home healthcare. 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.
0:11.3	Good morning. Today is Tuesday, September 6th, and I'm your host Julie Morgan.
0:16.0	Our top stories.
0:17.2	OPEC Plus, bankruptcy, car sales and prices, Volkswagen, CVS Health, Citigroup, and Amazon. and to a sixth consecutive session. The index has fallen 8% over that span,
0:34.8	while the Dow and S&P 500 have dropped in five of their last six sessions.
0:39.6	The Dow Jones fell just shy of 338 points to close at 3,318, while the S&P 500 dropped more than
0:47.1	42 points to end at 3,924.
0:50.4	The NASDAQ concluded trading at 11,6.30, a decline of 154 points.
0:56.0	10 of the 11 S&P sectors ended lower.
0:59.0	Real estate and communication services led the retreat.
1:02.0	Energy represented the only positive performer for the day, with the segment climbing 1.8%.
1:08.0	Looking at the economic data, non-farm payrolls came in just as expected a gain of 315,000,
1:15.0	while average hourly earnings came in below forecasts
1:18.0	and the labor force participation rate rose.
1:22.0	In the earnings spotlight today, GetLab, Guideware Software, and
1:27.0	Kupa Software. Now let's check in on the catalyst's watch for this short
1:32.0	trading week.
1:33.0	Seeking Alpha Managing editor Kim Khan says,
1:35.8	look out for conferences and according to one financial institution,
1:39.4	those conferences can tell the future.
1:41.7	These sector conferences really ramp up after the end of summer.
	...

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