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Wall Street Breakfast July 4: What Moved Markets This Week

Wall Street Breakfast July 4: What Moved Markets This Week

Released Saturday, 4th July 2020
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Wall Street Breakfast July 4: What Moved Markets This Week

Wall Street Breakfast July 4: What Moved Markets This Week

Wall Street Breakfast July 4: What Moved Markets This Week

Wall Street Breakfast July 4: What Moved Markets This Week

Saturday, 4th July 2020
Good episode? Give it some love!
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Hosted by Nathaniel E. Baker, Seeking Alpha Contributing Editor, this week's podcast features a holiday week-shortened roundtable of:

Steve Alpher, Managing Editor News and co-host Seeking Alpha's Alpha Trader podcast;

Jason Aycock, Senior Editor Media and Telecoms.


Big Picture
Non-farm payrolls beat expectations, with 4.8 million new jobs created in June versus 2.9 million anticipated. But weekly unemployment claims printed at 1 million for the 15th week in a row, in line with expectations.
Markets rallied in a shortened trading week. Might investors be too sanguine about the weekly claims however.
Stocks On The Move
Facebook (FB) was in the news after a significant drop over ad boycotts announced last week. It rebounded this week as some analysts said much of the damage was priced in. The question remains what happens next month with advertisers, according to the guest.
Articles and News Stories That Caught Our Eye This Week

Jason: Facebook's Zuckerberg expects advertisers back 'soon enough' - report;

Stephen: Energy turnaround, tech help S&P to best quarter since 1998;


Nat: Why Many Day Traders Will Fail.


You can now watch a video highlight of this episode on Seeking Alpha or on our YouTube page.
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