Wall Street Roundup: layoff surge, prolonged shutdown, cracks in AI trade
Macro economic overview, job cuts (00:10) Impact of government shutdown on economy (02:58) AI sector earnings and market sentiment (06:14) Valuation concerns in tech stocks (08:54) Bitcoin’s volatility and speculative investments (11:59) Upcoming earnings and economic indicators (14:49)Show notes: AMD outlines 2025 growth strategy with AI and server expansionWall Street continues to decline as AI trade's downtrend persistsWhat to know as Michael Burry bets against Nvidia and PalantirYear-to-date U.S. job cuts top 1M, exceeding 2024's full-year total: Challenger ReportEpisode transcripts: seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
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14:40
Joby makes rush hour fly by
Joby's (JOBY) Blade to launch 12-minute helicopter flights connecting NYC to suburbs. (00:23) U.S. won't permit Nvidia (NVDA) to sell scaled-down AI chip to China - report. (01:32) Tesla (TSLA) shareholders vote in favor of CEO Elon Musk's $1 trillion compensation. (02:06)Episode transcripts seekingalpha.com/wsb.Show links: Take the Quiz: Investment News Quiz - Friday, Nov. 7Biggest stock movers Friday: TSLA, XYZ, DKNG, and moreMusk says Tesla may build “gigantic” chip fab to power its AI ambitionsAirbnb surges despite Q3 EPS miss, expects wider FY marginsArcher Aviation stock dips after wider Q3 loss, Hawthorne airport dealSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
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Nvidia CEO not so sure China wins AI race
Jensen Huang backtracked after declaring China the big AI winner. (0:15). ‘Godparents’ say AI already as smart as humans in some areas. (1:01) How to spot an AI bubble about to pop. (1:51)Show NotesSnap soars on Perplexity dealMicrosoft’s AI team forms Superintelligence Group Episode transcripts seekingalpha.com/wsb. Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions
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4:53
Government shutdown hits new altitude
FAA to reduce air traffic by 10% across 40 'high-volume' markets due to government shutdown. (00:22) Pfizer (PFE) matches Novo bid for obesity biotech Metsera (MTSR) as takeover battle rages - FT. (01:49) Warner Bros. Discovery (WBD) sets Christmas deadline for sale or split - report. (02:25)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers Thursday: SNAP, QCOM, and moreWarren Buffett's Berkshire Hathaway plans another yen-denominated bond issue - reportJamie Dimon says $20B bank loan for Argentina ‘may not be necessary’ - ReutersSoftBank is said to have explored potential takeover of chipmaker Marvell TechnologySign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
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5:28
OpenAI hits business customer milestone
The company says it has more than 1 million business customers. (0:15) McDonald’s sees huge drop in low-income customers. (1:39) UPS plane crashes on takeoff. (2:29)Show NotesEvercore’s Tactical Actional Positioning stocks Episode transcripts seekingalpha.com/wsb. Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions .
Seeking Alpha's flagship Wall Street Breakfast provides investors an overview of key investment news every morning and afternoon.Transcripts: seekingalpha.com/wsb
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