Wall Street Breakfast September 8: Fed's Michael Barr Maps Out His Priorities To Make Financial System Safer, Fairer

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 8 September 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fed's Michael Barr maps out his priorities to make the financial system safer, fairer. Apple shows off updates to iPhone, AirPods, Apple Watch lines, including extreme sports version. Go big or go home? The ECB might find itself in a Catch-22. Stock futures cautious with global rates in focus ahead of ECB, Powell. 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 Thursday, September 8th, and I'm your host Julie Morgan.
0:16.0	Our Top Stories.
0:17.6	The Financial System, Apple, Alta, Snap, Game Stop, FtX Voyager Digital, and Alphabet.
0:27.4	Following weakness that has marked the past week and a half,
0:30.3	investors stepped in to go bargain hunting on Wednesday, sending the major
0:34.3	averages sharply higher. The NASDAQ rose more than 2% breaking a seven session
0:39.5	losing streak. Ten of the 11 S&P sectors posted gains on the session, utilities and
0:45.2	consumer discretionary led the advance, each climbing by more than 3%.
0:50.8	Communication services, financials, and materials all advance more than 2%.
0:55.2	Energy was the loan market segment to finish lower.
0:58.2	A retreat and crude prices marked a 1.2% drop in the sector.
1:02.7	Twitter was among the best S&P gainers after a judge denied a bid by Elon Musk to delay the trial
1:08.8	but will allow whistleblower facts.
1:11.1	In the bond market, rates edged lower during the session following
1:14.6	recent gains. The 10-year Treasury yield retreated by 8 basis points to 3.26 percent
1:20.7	and the 2-year yield dropped 7 basis points to reach 3.44%.
1:27.0	In the earnings spotlight today, Z-scaler, Docusine, and Smith and Wesson Brands.
1:33.9	In Our Day Watch is a standout gainer.
1:36.4	Kupa software generated buying interest
1:39.0	following the release of its quarterly report,
	...

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