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Wall Street Breakfast

Wall Street Breakfast: This Week In The Markets

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 3 April 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Could Fed rate hikes be a sign of recession? Biden's new plans to tax the rich. Hospitals heading into turbulence as Covid admissions drop and Tesla’s record numbers.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis.

0:06.0

Subscribe to this podcast on Apple Podcasts, Spotify or Stitcher.

0:11.0

Good morning. Today is Sunday, April 3rd, 2022. Welcome to this edition of Wall Street

0:16.9

breakfast. I'm Laura and Izo. Coming up on today's show, could Fed hikes be a sign of a looming recession? U.S. President

0:25.6

Joe Biden is laying out new plans to tax the rich. Hospitals are heading into

0:30.7

turbulence as COVID emissions drop and Tesla's production is

0:35.5

hitting record numbers so far this year as the company navigates the post-pandemic

0:40.4

world.

0:48.7

Now before we get to our top stories of the week, let's take a look at some important market updates.

0:56.0

This week, the S&P 500 squeaked out a slight gain while the Dow Jones edged slightly lower and the NASDAQ gained 0.6 percent. After the three benchmarks indexes closed the first negative

1:02.1

quarter for stocks in two years.

1:04.3

Robin Hood shares spiked 24% this week as the company increased its extended trading

1:11.1

session by four hours, meaning customers will now be able to trade

1:15.0

from 7 a.m. to 8 p.m. Eastern. Popular brokersages like TD Ameritrade already offer those hours, while other trading apps like Weebel even

1:24.7

feature a trading session that starts at 4 a.m. It's all part of Robin Hood's vision

1:30.1

to enable 24-7 investing and will likely mean more trading volumes for the company

1:35.5

and of course higher profits. It can also work in favor of Night Owl or Early Bird

1:40.8

traders that employ momentum strategies or catalyst-driven training.

1:46.4

Now let's get to our top stories.

1:49.2

Could the United States be headed to a recession?

1:52.0

The yield on the two-year Treasury briefly exceeded the

1:54.9

ten year on Tuesday for the first time since 2019 in a warning sign that coming

...

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