Wall Street Breakfast Power producers spark higher
12 snips
Jan 16, 2026 Trump is advocating for an emergency auction to fund new power plants through tech firms, shaking up the energy sector. Disney's leadership shakeup sees Kathleen Kennedy stepping back from 'Star Wars' as new heads step forward. Jamie Dimon firmly declines the Fed chair position while hinting he might consider Treasury. The podcast also delves into notable stock movements and insights on tech earnings potentially signaling a validation of AI. Other headlines include warnings from France about Greenland and significant layoffs in U.S. megabanks.
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Emergency Auctions To Ease Grid Strain
- The White House is pushing PJM to hold emergency auctions for 15-year contracts so tech firms can fund new power plants.
- This aims to ease grid strain from AI-driven data center growth and curb rising auction prices.
Power Stocks Rally On Auction News
- Power producers Constellation Energy, Vistra, and NRG jumped as markets reacted to the auction news.
- The move reflects investor bets that new contracting will boost power-supplier revenues and margins.
Lucasfilm Leadership Resets
- Kathleen Kennedy is stepping down as Lucasfilm leader after nearly 14 years, with Dave Filoni taking creative charge.
- Lin-Win Brennan will co-lead business operations, signaling a creative-business split at Lucasfilm reporting to Alan Bergman.