Morgans Financial Limited

Morgans AM: Wednesday 25 September 2019


Listen Later

US equity markets retreated as politics sadly dominated investor sentiment - Dow down -142-points or -0.53%, paring an earlier decline of over >200-points. The broader S&P500 -0.84%, logging its largest single session decline since 23 August. The technology-centric NASDAQ lost -1.46% to book its worst loss of the month to date. Netflix Inc dropped a further -4.26% to extend the streaming company's decline over the past five sessions to -15.63% amid concerns around increasing competition. Amazon.com fell -2.45% and below its 200-day moving average. Broadcom Inc fell ~2.7% in the extended session after the chip maker announced a US$3B convertible-stock offering. Broadcom said it plans to use the proceeds to repay debt. In August, Broadcom offered US$10.7B to buy Symantec Corp.'s (-1.64%) enterprise security business. Starbucks Corporation fell -0.98% despite a European Union court ruling that a tax deal between the Dutch government and the coffee company did not amount to illegal state support Levi Strauss & Co rose ~1.4% in extended trading after the apparel maker's board of directors approved a +7% dividend increase to US$0.15c per share. After the markets' close, House Speaker Nancy Pelosi confirmed earlier speculation in announcing an impeachment inquiry into President Trump following reports that Trump pressed Ukraine’s President Volodymyr Zelensky to investigate Democratic presidential candidate Joe Biden and his son. However, President Trump said that he has authorised the release of the “complete, fully declassified and unredacted” transcript of a phone call with the Ukrainian President.
...more
View all episodesView all episodes
Download on the App Store

Morgans Financial LimitedBy Morgans Financial


More shows like Morgans Financial Limited

View all
Pivot by New York Magazine

Pivot

9,634 Listeners

CommSec Market Update by CommSec

CommSec Market Update

12 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

19 Listeners

The Money Puzzle by The Australian

The Money Puzzle

49 Listeners

Your Wealth by NAB

Your Wealth

6 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

10 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

62 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

20 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

9 Listeners

The Rest Is History by Goalhanger

The Rest Is History

15,841 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

47 Listeners

The Front by The Australian

The Front

45 Listeners

Chanticleer by Australian Financial Review

Chanticleer

19 Listeners

The Fin by Australian Financial Review

The Fin

24 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

5 Listeners