Wall Street Breakfast

Warner Bros. Discovery (WBD) talking to Paramount (PARA) about possible deal - reports. (00:26) Citigroup (C) plans to exit distressed debt trading - report. (01:54) Tesla (TSLA) supplier Panasonic (PCRFY) shelves plan to build EV battery plant in Oklahoma. (02:17)

Episode transcripts seekingalpha.com/wsb.

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Biggest stock movers today: Calliditas Therapeutics, BlackBerry
Accenture to buy Jixie, a digital marketing platform in Indonesia
Microsoft, OpenAI see authors join copyright lawsuit over AI models' training - report
Alphabet gains amid report of restructuring to impact ad sales unit

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President Biden has until Sunday to decide on Apple Watch patent dispute (1:25), Atlanta Fed's Raphael Bostic doesn't see an urgency to cut rates (3:18) and Toyota suspends all Daihatsu shipments (5:15).

Episode transcripts: seekingalpha.com/wsb

Show Notes:
Biden has til Sunday to decide on Apple Watch patent dispute. He's watching it.
Toyota suspends all Daihatsu shipments as safety testing scandal widens
Atlanta Fed's Raphael Bostic doesn't see an urgency to cut rates
FedEx falls 7% after warning FY24 revenue will decline; UPS drops as well

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U.S. forms naval taskforce to protect ships in Red Sea (1:32) Google to pay $700 million to settle Play Store lawsuit (2:30) and Japanese takeover of iconic U.S. Steel sees bipartisan opposition (3:42).

Episode transcripts: seekingalpha.com/wsb

Show Notes:
Japanese takeover of iconic U.S. Steel sees bipartisan opposition
Google to pay $700 million to settle Play Store lawsuit
Houthi threat: U.S. forms naval taskforce to protect ships in Red Sea

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Illumina (ILMN) plans to divest Grail after U.S. Appeals Court decision. (00:23) IBM to acquire StreamSets and webMethods platforms from Software AG for €2.13B. (01:19) Chuck E. Cheese reportedly exploring a sale, may be worth over $1 billion. (01:48)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: Arcutis Biotherapeutics, Ebix and more
Earnings week ahead: Nike, FedEx, BlackBerry, Micron, Carnival and more
Canada EV push: Zero-emission car mandate expected this week
Fashion executives see uncertainty for industry in 2024
BTIG makes top medtech stock picks for 2024, sees sector stabilizing

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Mott Capital Management's Michael Kramer is looking at 2 things: what the market's anticipating for 2024 earnings growth and implied volatility levels (0:20). Finding (and getting in front of) extremely undervalued pockets in the market (3:20). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.

Subscribe to Michael's Reading The Markets

Episode transcripts: seekingalpha.com/wsb.

Show links:
2024 Analyst Outlook: Mott Capital On Market Volatility, The Fed, And Investor Challenges And Opportunities
The Stock Market Rally Is Likely To Vanish As Earnings Estimates Deteriorate

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Costco (COST) tops profit estimates, doles out $6.7B in special dividends. (00:25) Tesla (TSLA) bags incentives worth $153M for Mexico gigafactory. (01:25) FDA warns companies including Chewy (CHWY) over unapproved antimicrobial animal drugs. (02:22)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: Scholastic, Eos Energy and more
GM Cruise autonomous vehicle unit slashes 900 jobs
AbbVie, Amgen among firms targeted for latest Medicare inflation penalties
What lies ahead for Baidu in 2024 as it runs AI race with efficiency in mind?

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10-year Treasury yield falls below 4% from 5% at breakneck speed. (0:15) Retail sales show a surprise gain. (2:17) Influential bank analyst upgrades 5 stocks in wake of Fed. (4:30)

Show Notes
UBS’ Top Global Stocks
Warren Buffett's Berkshire boosts Occidental stake again after CrownRock deal
WHO calls for ban on flavored e-cigarettes

Episode transcripts seekingalpha.com/wsb.
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Adobe (ADBE) stumbles on weak outlook, FTC inquiry. (00:22) Mattel's (MAT) American Girl is heading to the big screen after Barbie breakthrough. (01:50) Carrier (CARR) offloads global commercial refrigeration operations onto Haier (HRSHF) for $775M. (02:50)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: Adobe, Ocular Therapeutix and more
UBS’ Top Global Stocks
Realty Income 2024: What to expect
Five considerations for investing in 2024 - J.P. Morgan
SEC adopts rule requiring more Treasury trades to be centrally cleared

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Chairman Jay Powell leans dovish after Fed keeps rates on hold. (0:15) Fed projection pencil in 3 rate cuts next year. (0:38) Stocks rally, Treasury yields fall as Dow Jones tops 37K. (1:35)

Show Notes
HSBC sets 2024 S&P 500 target of 5,000
Pfizer slips as 2024 guidance with Seagen buyout disappoints

Episode transcripts seekingalpha.com/wsb.
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Elon Musk's SpaceX (SPACE) value said to be closer to $180B. (00:26) XPO to acquire 28 former Yellow service centers. (01:25) Snapchat+ (SNAP) surpasses 7M subscribers, rolls out new AI features for users. (01:54)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: Take-Two Interactive, Coherent and more
Diabetes patients facing insurance hurdles getting GLP-1s: report
Target is Goldman's retail top pick for 2024 + other buy ideas
COP28 ends with historic deal to shift away from fossil fuels

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