U.S. Housing Affordability nears record low as mortgage rates keep climbing. Moderna expects COVID vaccine for kids under 6 to be ready for June review and the Novavax vaccine also considered in June. Twitter deal spread indicates uncertainty about Musk closing acquisition. Catch today’s WSB article here.

Wall Street Breakfast May 2: U.S. Housing Affordability Nears Record Low

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GDP +1.6%, the slowest pace in 2 years, as inflation came in hot. (0:16) Wall Street rushes to defend Meta stock. (3:33) Biggest oil ETF sees biggest outflows ever. (4:42)Show NotesDavid Einhorn: Gold demand from the East is pushing its price higherOnly 14 S&P; stocks have a 3% yield and have climbed over 10% YTD7 Stocks in Fin-tech and Payments Baird analysts like the mostEpisode 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.

Weak GDP raises stagflation debate

Nvidia (NVDA) to buy two Israeli startups aiming to run AI models more cheaply. (00:25) META earnings call: More spending on AI ahead before payoff. (01:14) Microsoft-backed Rubrik (RBRK) prices IPO at $32/shr, above indicated range. (02:32)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: META, IBM, F, and moreWalmart, Kroger shares hint at concerns about Amazon's low-cost delivery plan, UBS saysGDP watch: U.S. economic growth likely slowed in Q1BHP weighs potential takeover of Anglo American - Bloomberg (update)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.

Nvidia to acquire two Israeli AI startups

Boeing topped estimates on the top and bottom lines. (0:16) AT&T; reaffirms guidance. (1:46) Iron ore futures hit highest level in 7 weeks. (3:53) Show NotesStock investors facing 'meaningful losses' but hope lies in key metricDurable goods orders rise more than expected in MarchEpisode 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.

Boeing cites safety progress as loss narrows

Google (GOOG) (GOOGL) delays phaseout of third-party cookies in Chrome yet again. (00:26) Tesla (TSLA) rallies after pointing to its upcoming affordable models. (01:10) FTC votes to ban non-compete clauses. (02:08)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: TSLA, TXN, ENPH, and moreJPMorgan CEO Jamie Dimon: U.S. economy is booming, but beware of fiscal dominanceGrayscale files to register shares of ethereum trust, plans for lower-fee substituteHistory suggests the materials sector is about to hit a seasonal peak, RenMac saysSign 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.

Google delays phaseout of third-party cookies

State Senator's bill would ban Clear Secure from security areas across the state. (0:16) GM handily beats earnings forecasts. (2:33) Apple sets special event for May 7. (4:22)Snow NotesJ.P. Morgan's Kolanovic says the correction in stocks isn't finished yetU.S. PMI Manufacturing unexpectedly slips into negative territory in AprilEpisode 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.

Wall Street Breakfast May 2: U.S. Housing Affordability Nears Record Low

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