Wall Street Breakfast

WestRock (WRK) jumps on Smurfit Kappa (SMFTF) merger to create $20B packaging giant. (00:28) JPMorgan (JPM) CEO Jamie Dimon slams Basel III endgame proposal. (01:34) Paramount (PARA) parent strikes deal with lenders to refinance debt - report. (02:31)

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August CPI headline inflation to rise on oil surge, core CPI expected to receded
Stratasys rejects revised offer from 3D Systems
Tesla, suppliers expected to invest $15B in Gigafactory Mexico - report

Leaks about strong IPO demand could be a bearish sign. (0:15) Citi opens catalyst watch on Microsoft (MSFT). (3:02) Meta (META) already aiming for more powerful AI model. (3:44)

Episode transcripts seekingalpha.com/wsb

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Show Notes
Instacart aims for $7.8B valuation in IPO
Copper bounces from three-week low as Chinese currency gains vs. dollar
Qualcomm pops as Apple extends chip supply agreement until 2026
Barclays warns that a global slowdown is on the horizon

Alibaba (BABA) falls as ex-CEO Daniel Zhang unexpectedly quits cloud unit. (00:24) J.M. Smucker (SJM) nears deal to buy Hostess Brands (TWNK) - WSJ. (01:26) Tesla (TSLA) is a top pick at Morgan Stanley with Dojo called a $500B wildcard. (02:00)

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Biggest stock movers today: Tesla and Crinetics Pharmaceuticals
FDIC says it could have done more to warn First Republic Bank of rate risks
Apple's big event may be 'quiet.' Why Wall Street thinks that's a good thing
Kenvue shares may gain after FDA comments in Tylenol-Autism warning label lawsuit

Chris DeMuth Jr. talks about investing in 2023, the current state of the market (0:30) and why he likes the energy sector, especially oil and gas (4:40). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.

Subscribe to Chris' investing group, Sifting The World

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Putting The G In ESG With GasLog
Chris DeMuth's State Of The Markets January 2023

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Labor pains: General Motors (GM) and Ford (F) fall after the UAW pushes back against offers. (00:29) Apple (AAPL) slips again on China worries; issue is 'way overblown,' analysts say. (02:01) SEC investigating Ryan Cohen's Bed Bath & Beyond trades - WSJ. (03:11)

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Biggest stock movers today: Smith & Wesson Brands, Hudson Pacific Properties and more
Federal Reserve likely has more work to do, Dallas Fed's Lorie Logan says
Federal Reserve's policy rate is in "a good place' right now, NY Fed's Williams says
Fresh round of job cuts coming for Goldman Sachs underperformers

C3.ai (AI) says will not be profitable in Q4 of fiscal year 2024. (00:29) Alibaba (BABA), Baidu (BIDU), Tencent (TCEHY) top picks at CLSA as firm sees trio leading AI innovation. (01:33) AMC sees largest drop since 2021 on plan to sell up to 40M shares. (03:00)

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Biggest stock movers today: WestRock, BlackBerry, C3.ai and more
Apple slips as China reportedly orders government agencies to stop using iPhones
U.S. Senate confirms Lisa Cook for full 14-year term as Federal Reserve Governor
SAP will acquire LeanIX, an architecture management software
WestRock in talks to merge with Smurfit Kappa - WSJ

Oil jumps to 10-month high as Saudi Arabia, Russia prolong cuts in output. (00:31) Enbridge's (ENB) falls on deal to buy 3 utilities from Dominion (D) for $14B. (01:30) Kroger (KR), Albertsons (ACI) in talks to sell grocery stores to C&S Wholesalers - report. (02:03)

Episode transcripts seekingalpha.com/wsb.
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Biggest stock movers today: Enbridge, AeroVironment and more
Abbott acquires Bigfoot Biomedical, furthers growth of personalized solutions for diabetics
FTC expected to file antitrust lawsuit against Amazon later this month - report
Healthcare services provider Syra downsizes proposed IPO to $6M
Zoom CEO says FTC should look into Teams bundling in US

AI to represent 11% of healthcare budgets in 2024 - Morgan Stanley. (00:33) Thoma Bravo in advanced talks to purchase NextGen Healthcare (NXGN)- report. (01:44) Nestle-partnered (NSRGY) weight loss capsule succeeds in pivotal trial. (02:15)

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IPO Roundup: Arm Holdings, Prospect Energy Holdings and more
Looking to stay in NYC for a visit? Good luck using Airbnb
Trip.com Q2 topline shows a 180% jump
Tesla's China-made EV sales surge in August

A rise in the unemployment rate with participation rising points to a looser labor market. (0:15) Stocks set to gain for the week after a down August where oil was a rare winner. (1:27)

Episode transcripts seekingalpha.com/wsb

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Show Notes
Walgreens Boots CEO Rosalind Brewer resigns
Li Auto deliveries rose 663.8% Y/Y in August
NIO delivers 19,329 vehicles in August

23andMe (ME) rises on FDA clearance to report more genetic variants. (00:26) UPS offers some pilots an early retirement package. (01:12) Bernstein says reclassifying cannabis as Schedule III not preferred outcome. (01:47)

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Fresh stimulus from China to bolster crisis-hit property sector
Aditxt stock drops 48% on $10M private placement
Li Auto sales rose 663.8% Y/Y in August
Ford Motor offers UAW workers a 15% combined wage raise