Wall Street Breakfast Talk of taking Fannie, Freddie public resurfaces
May 22, 2025
The discussion heats up around the potential public offering of Fannie Mae and Freddie Mac, as Trump suggests it might be the right time. Nike makes a splash by returning to sell on Amazon after a four-year hiatus. In a major move, AT&T acquires Lumen's consumer fiber business for $5.75 billion. Additionally, insights into stock movers like SNOW and URBN highlight shifting market dynamics, while Microsoft takes legal action against malware. Don't miss the market trends and economic events shaping the landscape!
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Trump Eyes Fannie Mae, Freddie Mac IPO
- President Trump considers taking mortgage firms Fannie Mae and Freddie Mac public due to their strong cash flow.
- This reflects a potential shift in government policy toward privatizing these key mortgage finance entities.
Nike Returns to Amazon Sales
- Nike will resume selling directly on Amazon in the U.S. for the first time since 2019.
- This signals a strategic shift back to leveraging Amazon's platform alongside Nike's own channels.
AT&T Buys Lumen Fiber Business
- AT&T is acquiring Lumen's mass market fiber business for $5.75 billion to boost its fiber network.
- The deal adds about 1 million fiber customers and supports AT&T's plan to reach 60 million fiber locations by 2030.