Wall Street Breakfast

Matthew Tuttle and Rob Isbitts discuss what's happened in the bond market and why it now has everybody's attention (1:45). Rate watching, inverted curves, the absolute level of the 10-year (5:25) and what they're each buying (18:00).

Transcripts on Seeking Alpha

Show Notes:
Powell Prioritizes Inflation, Overblown Fed Reactions And Market Narratives
Wall Street Lunch: Job Market Keeps Humming As Payrolls Surge
S&P, Nasdaq, Dow's Problematic Construction; T-Bill Rates And Yield Curve Creep
Busting Today's Market Myths With Matthew Tuttle And Rob Isbitts
TBF: The Most Overlooked ETF In Today's Market, And A Key Companion To Covered Call ETF Strategies

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Catalyst watch for the week of October 8. Seeking Alpha Senior Executive Editor Kim Khan on the most notable catalyst for the week, CPI. He also discusses a topic suggested by a listener, clean energy stocks and why they underperform compared to traditional energy. Julie gives a brief bank earnings preview. Banks start reporting earnings on Friday, October 13.

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Catalyst Watch: Eyes on the Birkenstock IPO, PepsiCo earnings and FOMC minutes
Jobs growth surges past consensus in September; unemployment stays at 3.8%
Sunrun, Plug Power lead alternative energy stocks lower, whacked by rising rates
Delta Air is latest carrier to find fake aircraft engine parts - report
U.S. 10-Year Treasury yield tops 4.75% a level not seen since 2007

September payrolls jump by more than double estimates. (0:15) Stocks show resilience after initial tumble. (0.39) Tesla cuts prices. (3:12)

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Show Notes
Buy-rated dividend stocks for volatility and high rates
BofA’s Alpha Surprise Model: Lots of Energy additions, Consumer Discretionary deletions
OpenAI mulls making own AI chips

PepsiCo (PEP) leads slump in beverage stocks ahead of earnings season. (00:26) Exxon (XOM) close to buying Pioneer Natural (PXD) for about $60B - WSJ. (01:58) Amazon (AMZN) lets go employees in communications across divisions. (02:54)

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Top 10 stocks with the highest short interest
Rivian closes down 23%, its biggest ever one-day percentage drop
Long-term mortgage rates reach highest level in a generation

AT&T (T) can now start looking at options for its 70% DirecTV stake. (0:15) Will less hungry Americans change the grocery landscape? (3:08) Strategist sees echoes of the 1987 crash in this market. (3:58)

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Show Notes
Dive Into Dividends: 14 Must-Have Stocks When Markets Dip
McDonald's raises dividend by about 10% to $1.67 a share
Citigroup begins reviewing employees for layoffs, reassignments

Walmart (WMT) says Ozempic (NVO), weight loss drugs impacting sales - Bloomberg. (00:23) BlackBerry (BB) will IPO internet of things unit. (01:29) UAW strike update: Ford (F) announces more layoffs; GM puts cost at $200M. (03:11)

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Alibaba logistics hub in Belgium on watch amid espionage fears - report
Clorox details financial impact of cybersecurity attack
Tobacco stocks may face a test if the UK youth smoking ban gains steam
AT&T said to start evaluating options for hefty DirecTV stake

SoftBank CEO says AI is 'self-learning, self-training, and self-inferencing.' (0:15) Citi bears see oil prices falling to $70. (1:57) UK aims for a smoking-free generation with new rules. (4:10)

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Show Notes
Correction could be coming for mega caps - Wells Fargo
Private sector job growth slows markedly in September: ADP Jobs Report
Tilray touts diversification after Q1 revenue beat

Kevin McCarthy's historic ouster revives government shutdown fears. (00:27) Intel announces plans to separate Programmable Solutions Group as standalone biz. (01:36) Amazon allegedly used algorithm to boost prices - WSJ. (03:03)

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Show links:
Apple downgraded at KeyBanc on valuation, potentially slow US sales
Molson Coors plans to boost its beyond beer business, launch new buybacks
Meta said to lay off Reality Labs silicon unit

The 10-year tops 4.75% as longer bonds continue drastic selloff. (0:15) Delta is the latest carrier to find fake engine parts. (2:27) U.S. shale producers won't drill even if oil hits $100/barrel. (3:34)

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Show Notes
Job openings unexpectedly climb in August, snapping downward trend
Canaccord Genuity says that the stage is set for a bounce given oversold market conditions
Eli Lilly to acquire Point Biopharma in $1.4B deal

GM, Stellantis (STLA) on hook for $9.5B in fines under fuel economy proposal - report. (00:28) McDonald's (MCD) and Wendy's (WEN) win a hamburger legal battle while Burger King preps for trial. (01:40) WeWork (WE) skips $95M interest payments as it looks to negotiate with lenders. (03:02)

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Show links:
DraftKings, FanDuel see huge increases in Travis Kelce prop bets
Microsoft CEO testifies that Google will expand search dominance with AI
Cleveland Fed's Loretta Mester sees one more rate hike this year