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Wall Street Breakfast

Wall Street Roundup: Crypto clarity, financial earnings, JNJ and JOBY

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 18 July 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Crypto legislation back on track, Bitcoin hitting highs (0:20). Financial earnings holding ground (2:00). JNJ beats expectations, absorbing tariff hits (3:25). Tesla report coming next week; news priced in (4:15). Consumer earnings coming, (5:50). Joby Aviation back on investors' radar (9:15).

Show links: 
New crypto laws will make US ‘Crypto capital of the world’
Joby Aviation set to double production at California facility
Johnson & Johnson Q2 2025 Earnings Call Transcript

Episode transcripts: seekingalpha.com/wsb

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Transcript

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0:00.0

Welcome back to another week of Wall Street Roundup. Thanks for joining us, Brian.

0:15.2

Great to be here. So lead us into the weekend. Talk to us about what we've seen this week. What's been top of mind for you?

0:24.0

This week, there's been a lot of wrangling in Washington. There was some hurdles with the

0:30.2

crypto regulation legislation that's been making its way through Congress. But that seems back

0:34.9

on track now. You see Bitcoin has been higher lately, though.

0:40.1

It's had trouble getting above the 120,000 mark.

0:44.0

So I would keep that in mind as a spot.

0:47.2

But if you look at kind of the shovels and Pixax's level of Bitcoin-related stock.

0:55.7

You see Coinbase is up 5% in the last five days.

0:58.3

It's setting a new 52-week high.

1:00.7

It's up 67% year-to-date.

1:03.3

Meanwhile, Circle is up 23% over the past five days.

1:06.5

So this is during the period of time when the politicians were ironing out the legislation

1:13.8

circles off its post-IPO highs, which it reached in June, but like I said, still up strongly

1:20.7

during the week.

1:22.4

So I think you see some upside in the overall crypto space just as there gets to be some clarity about

1:33.4

the regulatory environment. After Trump was elected, there was a spike in Bitcoin and crypto stocks

1:41.0

with the belief that there would be a supportive regulatory environment,

1:47.2

and you're starting to see that actually come to pass.

1:49.7

So I think you're just sort of fulfilling some of the promise that was made a few months

1:54.3

ago going into this administration.

1:57.0

An earning season is well underway.

...

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