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Wall Street Breakfast

Wall Street Roundup: economic data, earnings updates

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 13 February 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

Jobs data and other macro factors (0:25) Economic picture holding steady (3:00) AI expansions, tech earnings (5:25) Fed update, Walmart valuation, earnings coming (10:30)

Episode transcripts: seekingalpha.com/wsb

Show links: 
Tech Tug Of War: Fear Vs. Greed
Initial jobless claims were slightly higher than expected in past week
Widening gap between CPI and PPI is what truly matters for the stock market – strategist

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Transcript

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0:00.0

It's Friday the 13th. It's Wall Street Roundup. Welcome back. Brian Stewart, Seeking Alpha's

0:16.6

Director of News. Great to be here. Always great to have you. Talk to us. What are you looking at this week? What are you thinking about? So I think this week was more about macro factors. I'm thinking

0:26.4

especially about the jobs data, the inflation data that just came out today. So looking at the jobs

0:31.0

data, added 130,000 jobs in January. Unemployment rate dipped to 4.3%. Those are both better than expected.

0:38.8

Unfortunately, we saw revisions lower in previous months. So December went down 2000 from 50 to 48,000,

0:47.4

and November was down to 41,000 job gains. So pretty modest there. Also we saw a downward revision for the

0:56.6

2025 as a whole and that was pretty large revision lower. So previously the the total number

1:04.4

of jobs added in in 2025 was slightly less than 600,000, so 584,000.

1:11.8

And that was revised down to 181,000.

1:14.2

So something like a third of the job gains that we thought we had.

1:17.6

You saw revisions lower in each of the months except for one.

1:21.5

And in 2025, we had losses in four of the 12 months with the new revised data.

1:28.4

So as it turns out, the situation in 2025 was pretty anemic in terms of job growth.

1:36.2

So I think people are balancing the better than expected news for January with the realization that 2025 was probably not as good as we

1:46.0

expected and even even in the moment didn't feel that great and I also think there's a bit of skepticism

1:50.9

about the January report just because there has been this habit of revising lower in the future

1:58.2

so we might see that number come down in coming months. So we'll have to

2:03.9

see. It's still a pretty other jobs data has been pointing to weakness. We saw the higher layoffs. We

2:10.4

saw the lower job openings. So all in all, it seems like a pretty, pretty rough job market for people out there right now.

2:22.3

Meanwhile, looking at inflation, CPI came in cooler than expected.

2:26.3

2.4% for the headline number, 2.5% for core CPI.

2:31.3

It's a little, it's not what you want when the core is higher than

...

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