Wall Street Breakfast

Boeing has successfully negotiated to end a machinist strike, aiming to stabilize operations. Aurora is pushing back its launch of driverless trucks to April 2025, raising questions about autonomous vehicle timelines. Abbott sees a spike in stock prices after a jury clears them and Reckitt of liability in a high-profile infant formula case. Investors also get insights into significant stock movements, including notable winners and losers in the S&P 500.

Tech stocks faced a chilling drop as Microsoft and Meta issued grim forecasts. Inflation worries seeped in with the Fed's preferred gauge rising. Estee Lauder shocked investors by slashing its dividend. On the earnings front, companies like Comcast and Uber revealed mixed news, while Peloton appointed a new CEO. The discussion also featured intriguing options trading strategies from J.P. Morgan, helping savvy investors navigate the spooky market landscape.

Starbucks is revamping its customer experience while dropping non-dairy milk upcharges. Blackstone is eyeing a $7 billion investment in Rogers’ wireless network. Meanwhile, the Grammys end their long partnership with CBS, moving to Disney for the broadcast. Discussions also highlight strategies to enhance brand ambiance and attract customers back to the coffeehouse vibe. Overall, it's a mix of corporate reshuffling and industry shifts that promise exciting changes ahead.

The resignation of Ernst & Young as auditor for Supermicro sends shockwaves through the market, raising concerns about the company's future. Meanwhile, the U.S. economy shows resilience, with GDP growing 2.8% thanks to strong consumer spending. In the corporate world, Eli Lilly's weight-loss drug sales falter, while AMD's performance meets expectations but leaves Wall Street wanting more. On an exciting note, Waymo celebrates reaching 150,000 paid autonomous trips weekly, signaling impressive growth in the robotaxi sector.

Reddit's strong user engagement leads to impressive financial results, with shares soaring. Meanwhile, Keith Gill, known as Roaring Kitty, sells off his Chewy stake, stirring curiosity among investors. JPMorgan faces a lawsuit over check fraud allegedly linked to TikTok, raising concerns about digital finance security. In market news, Colonial Pipeline considers a major sale, while Waymo boasts a milestone of 150,000 paid autonomous rides per week, showcasing advancements in technology and investment opportunities.

Masayoshi Son has bold predictions, claiming super AI could be 10,000 times smarter than humans by 2035. Meanwhile, Ford's struggles in the EV market have led to a drop in stock prices. On a brighter note, consumer confidence is rising despite ongoing economic worries. The podcast also delves into the valuation of Nvidia and examines overbought and oversold global assets amidst fluctuating treasury yields.

Microsoft is taking aim at Google, accusing it of orchestrating deceptive campaigns to undermine its reputation. Meanwhile, Johnson & Johnson faces hurdles in its bankruptcy plan regarding talc lawsuits. In a lighter twist, Campbell's is launching a candle line that promises to fill your home with the comforting scent of mashed potatoes year-round. Lastly, significant market updates cover regulatory changes for tech investments in China and insights from JPMorgan Chase as it responds to industry challenges.

Robinhood shakes up the betting scene by introducing contracts for potential presidential outcomes. As fears over Mideast tensions ease, oil prices take a nosedive. McDonald's is reviving its beloved Quarter Pounders, much to fans' delight. Meanwhile, hedge funds are treading carefully with the Magnificent 7 earnings on the horizon. Boeing is planning a staggering $19 billion share offering, hinting at significant financial maneuvers ahead. It's a whirlwind of market intrigue and culinary nostalgia!

Volkswagen is gearing up for a significant $4.3 billion cost-cutting initiative, potentially affecting pay and plant operations. McDonald's reassures customers that its beef patties are not linked to the recent E. coli outbreak. Meanwhile, Eli Lilly is set to introduce a new weight-loss drug in Hong Kong, creating waves in the market. The launch of Manjaro focuses on tackling diabetes and weight management, while pharmaceutical companies face challenges with supply issues and competition.

Big tech is in the spotlight as earnings reports from Apple, Amazon, Google, Microsoft, and Meta loom. Economic indicators like the Q3 GDP and October jobs report are set to shape market expectations. Delta Airlines takes action against a cybersecurity vendor after a flight disruption, sparking discussions on security within the industry. Meanwhile, U.S. chip export restrictions present challenges for Taiwan's semiconductor sector. Dive into stock trends favored by ESG funds and the latest on dividend movements!