Wall Street Breakfast Markets shake as Israel strikes Iran
Jun 13, 2025
Tensions in the Middle East send stock index futures tumbling as Israel strikes Iran, impacting global markets. Frito-Lay announces a plant closure amid rising costs, while Tesla raises prices on its upgraded Model S and X. In the world of finance, Oracle's stock surge propels Larry Ellison to second richest person, and cryptocurrency values fluctuate dramatically. With oil prices spiking, the economic fallout intensifies, setting the stage for significant shifts in corporate strategies.
AI Snips
Chapters
Transcript
Episode notes
Middle East Tensions Impact Markets
- Israel's strikes on Iranian nuclear sites have escalated tensions, risking full-scale Middle East war.
- Stock futures dropped over 1% and oil prices surged 7%, reflecting market fears quickly.
Kenview Brand Sale Rumors
- Kenview may divest brands like Clean& Clear and Maui Moisture, which generate $500 million in revenue.
- Larger brands like Neutrogena and Aveeno remain excluded from these potential sales.
Frito-Lay Plant Closure Impact
- Frito-Lay is shutting down its Rancho Cucamonga production plant after 50 years, citing no specific reason.
- This will cut hundreds of jobs though distribution and warehousing continue at the site.