Wall Street Breakfast: The End [21 Comments](#comments) Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m.on [Seeking Alpha](https://seekingalpha.com/author/wall-street-breakfast?utm_source=newsletter&utm_medium=toptext&utm_campaign=wsbpodpromo#regular_articles), [iTunes](https://podcasts.apple.com/us/podcast/wall-street-breakfast/id1358381502), [Spotify](https://open.spotify.com/show/05uLjJxkVgQsRk8LWLCLpx).The end A lot of headlines have been coming out of the media sector over the past 24 hours, putting a fresh spotlight on the industry.Hollywood actors have [inked](https://seekingalpha.com/news/4033703-actors-studios-reach-tentative-agreement-to-end-strike-report) a tentative agreement with major studios following an unprecedented 118-day strike, in a move that can allow entertainment companies to restock their content libraries.Tense negotiations had previously centered around minimum salaries and residuals for streaming programs, as well as compensation protections against the use of artificial intelligence.
Bigger picture: The end of the actors’ strike comes after [writers and studios](https://seekingalpha.com/news/4014939-studios-writers-reach-tentative-agreement-to-end-strike) reached an agreement in late September to end a strike between the two sides.The walkouts had supercharged other labor action across America, from strikes enveloping the [United Auto Workers union](https://seekingalpha.com/news/4024590-ford-uaw-agree-principle-end-strike) and [hospitality employees in Las Vegas](https://seekingalpha.com/news/4033004-las-vegas-strike-update-caesars-reaches-deal-with-culinary-workers-mgm-could-be-next), to ones that were averted beforehand, like [UPS vs.the Teamsters](https://seekingalpha.com/news/3990656-ups-strikes-five-year-tentative-deal-with-teamsters-to-avoid-costly-strike).Major studios like Netflix ( [NFLX](https://seekingalpha.com/symbol/NFLX)), NBCUniversal ( [CMCSA](https://seekingalpha.com/symbol/CMCSA)) and Paramount ( [PARA](https://seekingalpha.com/symbol/PARA)) were all part of the latest drama that postponed many a production, but that wasn’t all, as Hollywood took over earnings season this week.Despite some nervousness surrounding the direction of the Mouse House, shares of Disney ( [DIS](https://seekingalpha.com/symbol/DIS)) climbed 4% AH on Wednesday after revealing [aggressive cost-cutting](https://seekingalpha.com/news/4033401-disney-gains-while-profits-jump-as-cost-cutting-accelerates) and stronger-than-expected growth in [streaming subscriptions](https://seekingalpha.com/news/4033462-disney-in-charts-q4-disney-subscribers-tick-up-from-q3).
Profits were also [seen at ESPN+](https://seekingalpha.com/news/4033615-disney-earnings-call-focusing-streaming-paving-espns-future), but a decrease in ad revenue continued to prompt speculation that Disney could finally sell its TV assets.The advertising meltdown was even more apparent at Warner Bros.Discovery ( [WBD](https://seekingalpha.com/symbol/WBD)) as the stock plunged 19% amid debt warnings and comments from CEO David Zaslav that the industry is going through a [“generational disruption.”](https://seekingalpha.com/article/4649235-warner-bros-discovery-inc-wbd-q3-2023-earnings-call-transcript) Even the box office blockbuster Barbie – which was released during the quarter – [couldn’t come to the rescue](https://seekingalpha.com/news/4032748-warner-bros-discovery-slips-barbie-cant-save), though fresh movie titles did help move some other stocks.Coming soon: Shares of Nintendo ( [OTCPK:NTDOY](https://seekingalpha.com/symbol/NTDOY)) got a boost after the company revealed that a [live-action adaptation](https://seekingalpha.com/pr/19527717-the-legend-of-zelda-will-be-made-live-action-film) of its popular Zelda franchise was in the works.The film would follow up on the success of The Super Mario Bros.
Movie, which has generated more than $1B in sales.The Japanese entertainment giant even [hiked its full-year forecast](https://seekingalpha.com/news/4031771-nintendo-boosts-full-year-forecast-thanks-to-mario-and-zelda) due to its foray into showbiz, with hopes that popular characters like Zelda on the big screen can drive more users to gaming and its console the Switch.( [8 comments](https://seekingalpha.com/news/4033012-super-mario-delivers-best-performance-after-nearly-four-decades)) New relationship? U.S.-China ties will be in focus as Treasury Secretary Janet Yellen hosts Chinese Vice Premier He Lifeng today and tomorrow to discuss topics including U.S.concerns about [Beijing’s trade practices](https://seekingalpha.com/news/4033800-us-china-tensions-may-thaw-as-both-sides-look-to-improve-ties).Yellen has repeatedly insisted that the U.S.
is seeking healthy [economic competition](https://seekingalpha.com/news/4030835-janet-yellen-to-meet-with-chinese-counterpart-this-week-to-ease-tensions), which requires a level playing field for American firms, while Chinese counterpart Han Zheng has recently indicated that ties were improving.
Yellen’s meeting comes ahead of the [much-awaited summit](https://seekingalpha.com/pr/19527674-biden-xi-meeting-in-san-francisco-still-on-track-no-major-breakthroughs-expected) between President Biden and Xi Jinping next week.Will the meetings lead to decoupling, derisking, or a new U.S.-China economic relationship? Wegovy rival The FDA has cleared Eli Lilly’s ( [LLY](https://seekingalpha.com/symbol/LLY)) GLP-1 receptor agonist Zepbound (tirzepatide) as a [weight loss treatment](https://seekingalpha.com/news/4033132-eli-lilly-stock-gains-fda-nod-obesity-drug), meaning Novo Nordisk’s ( [NVO](https://seekingalpha.com/symbol/NVO?hasComeFromMpArticle=false)) Wegovy will finally get a formidable challenger in the U.S.obesity drug market.
Tirzepatide was previously available as the highly successful Mounjaro to treat Type 2 diabetes.Investing Group Leader [Dividend Sensei](https://seekingalpha.com/author/dividend-sensei) sees a big crash after Mounjaro-mania sent Lilly’s stock to the moon, with a [potential downside of 60%](https://seekingalpha.com/article/4644385-albemarle-vs-eli-lilly-1-potentially-set-to-soar-and-1-bubble-stock-to-ignore).The popularity of weight loss drugs is [growing quickly](https://seekingalpha.com/news/3997955-nearly-half-of-americans-want-weight-loss-drugs-kff-poll), with analysts expecting them to hit [consumer industries](https://seekingalpha.com/news/4020266-mounting-potential-impact-weight-loss-drugs-consumer-stocks) including food and beverages, though others have [downplayed](https://seekingalpha.com/news/4022551-weight-loss-drugs-impact-based-hype-not-reality) these fears.( [29 comments](https://seekingalpha.com/news/4033132-eli-lilly-stock-gains-fda-nod-obesity-drug)) Self-driving recall General Motors’ ( [GM](https://seekingalpha.com/symbol/GM)) self-driving unit Cruise is recalling [950 driverless cars](https://seekingalpha.com/news/4033742-gm-cruise-recall-950-driverless-cars-update-software) across the U.S.
and may file additional recalls, soon after its decision to temporarily [halt production](https://seekingalpha.com/news/4031537-gm-cruise-origin-robotaxi-production-california-ban) of its autonomous Cruise Origin vehicle.The recalls are being done to update the collision detection subsystem of the Cruise Automated Driving Systems software, which caused a [collision with a woman](https://seekingalpha.com/news/4024211-californias-cruise-incident-could-have-bigger-ramifications-for-the-self-driving-vehicle-industry) in San Francisco, who was then dragged for about 20 feet.The software wrongly characterized it as a lateral collision and directed the robotaxi “to attempt to pull over out of traffic, pulling the individual forward.” Soon after the incident, California [suspended](https://seekingalpha.com/news/4023620-california-suspends-gm-cruises-deployment-and-driverless-testing-permits) Cruise’s permits in the state, eventually prompting the company to [pause all operations](https://seekingalpha.com/news/4025441-gm-cruise-pauses-all-driverless-operations).Today’s Markets In Asia, Japan +1.5%.Hong Kong -0.3%.China flat.India -0.2%.
In Europe, at midday, London +0.3%.Paris +0.7%.Frankfurt +0.4%.Futures at 7:00, Dow +0.1%.S&P +0.1%.
Nasdaq -0.1%.Crude +0.5% to $75.72.
Gold -0.3% to $1,952.60.Bitcoin +4.2% to $36,818.Ten-year Treasury Yield +1 bp to 4.53%.Today’s Economic Calendar 8:30 [Initial Jobless Claims](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) 9:30 [Fed’s Bostic’s Speech](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) 10:30 [EIA Natural Gas Inventory](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) 11:00 [Fed’s Barkin: “Outlook for the U.S.Economy and Fed Policy”](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) 12:00 PM [Fed’s Kathleen: U.S.Economy and Monetary Policy](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) 1:00 PM [Results of $24B, 30-Year Bond Auction](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) 2:00 PM [Jerome Powell’s Speech](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) 4:30 PM [Fed Balance Sheet ](https://seekingalpha.com/news/4033745-thursdays-economic-calendar) [Companies reporting earnings today »](https://seekingalpha.com/earnings/earnings-calendar?hasComeFromMpArticle=false) What else is happening…ArcelorMittal ( [MT](https://seekingalpha.com/symbol/MT)) may be [lead bidder](https://seekingalpha.com/news/4033274-us-steel-seesaws-amid-report-arcelormittal-may-be-lead-bidder) for U.S.
Steel ( [X](https://seekingalpha.com/symbol/X)).Macro uncertainty: Arm ( [ARM](https://seekingalpha.com/symbol/ARM)) drops in first results [after IPO](https://seekingalpha.com/news/4033371-arm-drops-amid-uncertainty-vulnerability-to-macroeconomic-environment).Roblox ( [RBLX](https://seekingalpha.com/symbol/RBLX)) surges on beat; will give outlook [next year](https://seekingalpha.com/news/4032892-roblox-surges-q3-results-guidance-starting-next-year).Weekly mortgage applications rise as interest [rates fall](https://seekingalpha.com/news/4032747-mortgage-applications-rise-as-interest-rates-fall).U.S.
Household Debt Defaults At ‘Millennial’ [Highs](https://seekingalpha.com/article/4649276-us-household-debt-defaults-at-millennial-highs).Twilio ( [TWLO](https://seekingalpha.com/symbol/TWLO)) soars as Q3 results, guidance [top expectations](https://seekingalpha.com/news/4033388-twilio-soars-as-q3-results-guidance-top-expectations).[Robinhood](https://seekingalpha.com/symbol/HOOD) drops as muted trading activity weighs [on results](https://seekingalpha.com/news/4033054-robinhood-stock-drops-as-muted-trading-activity-weighs-on-revenue).Amazon ( [AMZN](https://seekingalpha.com/symbol/AMZN)) offers One Medical benefit for [Prime members](https://seekingalpha.com/news/4032977-amazon-promotes-one-medical-primary-care-prime-members).Plug Power ( [PLUG](https://seekingalpha.com/symbol/PLUG)) Q3 preview: Eyes on [near-term profitability](https://seekingalpha.com/news/4033146-plug-power-q3-results-preview-margins-hydrogen-production-targets-in-focus).Morgan Stanley ( [MS](https://seekingalpha.com/symbol/MS)) wealth management unit under [Fed probe](https://seekingalpha.com/news/4033762-morgan-stanley-wealth-management-fed-probe-due-diligence-lapses).
This article was written by Recommended For You Comments (21) [WWG1_WGA_Q](/user/42091156) Enjoy the ride once again & buckle & hold on to your seats.What a great day! Loved the reversal indeed!Q 17 [Maverick 2021](/user/7011441) [rungrandpa](/user/5478531) [@Maverick 2021](/user/7011441)It’s not popular to be fiscally responsible.If you are fiscally responsible in Congress you are swimming against the current.
[JCCIII](/user/205688) [@Maverick 2021](/user/7011441)Not to worry, as the government has gotten pretty good at “shutting down” (as in most activities are deemed essential and don’t shut down; just the stuff that inconveniences the tax paying public, like national parks and I suppose some of their monthly economic updates will be delayed).And there are over 200 Democrats in that body; a few of them could throw their votes behind a money saving proposal and a bill could be passed.[WWG1_WGA_Q](/user/42091156) Military / veterans have given up so much & for some they have paid the ultimate price for all as they should all be remembered on Saturday the 11th of November.Stay safe this Saturday the 11th, as it could be an eventful day concerning some ‘bigger city’ celebrations/events.Q 17 [WWG1_WGA_Q](/user/42091156) [AMC](/symbol/AMC)stock/company price per share as it dropped bigly yesterday & today continues to get clobbered.
What could be affecting this company & its share price with so much volatility? Please, would one who holds this stock in their investment portfolio explain if one can.Watching with “extreme interest” as we’re thinking all is not well concerning $ [AMC](/symbol/AMC)& shareholders look to be losing some substantial money during this downturn in stock price, as those profits should have been taken once one had the opportunity to do such, as the saying goes, win some, lose some.Happy investing!Q 17 [WWG1_WGA_Q](/user/42091156) For all those Warren Buffett followers who think this man is beyond having faults, here’s some breaking news for y’all.From ProPublica: Warren Buffett privately traded in stocks in his personal account, as IRS data shows, & that his conglomerate Berkshire Hathaway was buying & selling, a practice that Warren Buffett himself in the past had deemed a conflict of interest.So, Warren Buffett apparently didn’t make all that money by being totally honest to all his followers lol smh.Q 17 [deercreekvols](/user/737795) [@WWG1_WGA_Q](/user/42091156)I guess we missed if Mr.Buffett broke the law in some way?Also, your breaking news allegedly happened in the years 2009 and 2012.Maybe your research team can turn up something that allegedly happened in the last decade, lol smh.The nonprofit news outlet, ProPublica, citing a leak of confidential IRS data, alleged Mr.Buffett traded shares in his private account in the same quarter or the quarter before Berkshire bought or sold the same stocks, including shares of Wells Fargo, Johnson & Johnson and Walmart.
The examples given were from 2009 and 2012.$ [BRK.B](/symbol/BRK.B)is up $2.72 on the Breaking News.[ble373](/user/8748951) [ble373](/user/8748951) Women’s health service is no longer available at private Russian Clinics.Private Clinic, Healthcare providers, Investors and hospitals are affected.The ban, instituted today 11/09/23, mirrors US federal motions to restrict women’s healthcare services across the US.This affected profits and operations already disappearing in their nation state.
direct It seems everything is connected to this issue.
including lawyer insurance, malpractice, bail bonds, hospitals, morgues, religion, alley ways, bridges, back seats and tunnels.In Russia, mobile black market clinics are popping up faster than regulatory efforts.
.Lyft and Uber drivers are affiliated and can relay a patient in need to the right mobile clinic.Thereby passing all conventional service providers.Cheaper, faster and more responsive than an HMO.Mother of Necessity.They pickup, deliver and perform women’s healthcare mobile.
The service has exploded over night and now includes medications, first aide supplies, newspapers and milk, right to the door.[BodySurfer](/user/51560511) [Bill345](/user/47506581) [@BodySurfer](/user/51560511)Well, for good measure the Cruise vehicle stopped and then pulled over, dragging her approximately 20 feet.[JCCIII](/user/205688) [@BodySurfer](/user/51560511)Agree.
This incident is a bump in the road to autonomy.GM and all the other autonomous driving developers will develop code to deal with this type of previously unforeseen incident, and it will not be repeated (unlike with human drivers).
[@Bill345](/user/47506581) [Phil Dumfee](/user/5793861) [@JCCIII](/user/205688)AI driven vehicles do not make human errors they make even worse robot errors when encountering situations they have not been trained to handle.It’s a bump in the road.It will never be perfect.There are always bugs in the software and then it rains or ices up when least expect.When you hand your life over to a robot you relinquish control of your life.
Only morons would do that.
[deercreekvols](/user/737795) Futures tied to the S&P 500 gained 0.1% along with Dow Jones Industrial Average futures.Nasdaq-100 futures was little changedDisney rose 4% after reporting better-than-expected profit and expanding its cost-cutting plan.So much for being a “flailing” and “reeling” company.Nope, not Disney.There are plenty of companies that fit such a category, but it appears $ [DIS](/symbol/DIS)was a focal point by some because of political ideology.Congratulations to CEO Bob Iger and the Board at Disney.Well done.Let’s enjoy it while we can, Won’t you help me share my load, From the dark end of the street, To the bright side of the road.Tesla dipped in early trading on Thursday after HSBC started off coverage on the electric vehicle stock with a Reduce rating and a price target of $147.
HSBC said that as outsiders it struggles to challenge the feasibility of Tesla’s ideas, but is cautious around the timing and commercialization of the electric vehicle juggernaut’s varied ideas.It was noted that TSLA rarely adheres to its promised timelines due to a variety of reasons such as delays with Gigafactory licenses and unexpected production delay.”We see considerable potential in Tesla’s prospects and ideas, but we think the timeline is likely to be longer than the market and valuation is reflecting.” We own a few shares of $ [TSLA](/symbol/TSLA)as a speculative play and agree with HSBC.Deliver on these varied ideas.
Roadster, Cybertruck, FSD, Semi, robotaxis, cheaper models.Let’s go!SoftBank posted a $6.2 billion Quarterly loss.This includes their $1.5 billion loss on WeWork.Not a Quarter to write home about, that is for sure.
Crude oil prices were steadying as worries over fundamentals overshadow the risk presented by the Israel-Hamas war.Brent crude and WTI were up 0.7% to $80.12 a barrel and $75.85 a barrel, respectively in early trading.Both benchmarks had losses of more than 2% late Wednesday, with Brent closing below $80 for the first time since July.Remain calm.All is well!Have read a few comments where investors are criticized for following a “herd mentality.” Just wanted to clarify what this means.Research, research, research.Make sure to use more than ‘Google’ in conducting your research, lol smh.
Startpage, DuckDuckGo, Brave Search, Swisscows, and MetaGer are all solid search engines.
Missing from being critical of the #1 search engine, Google, were alternatives.Thought we would provide a few.Keep in mind that there is a difference between investing methods and investing tools.In the wild, animals that live in a herd stand a much better chance of survival.Grouping together provides defense against predators and helps in locating food.
Nothing wrong with being part of a herd in the wild.Interesting.In the investing world, investors that employ a herd-mentality investment strategy constantly buy and sell their investment assets in pursuit of the newest and hottest investment.Very interesting.
An example could be, say, crypto-currencies, of course.More later-Have a great day everyone.[Fall1980](/user/8099801) [@deercreekvols](/user/737795)Sorry dcv, but Van’s plea will go unanswered.Fact is boy, you gonna carry that weight, carry that weight a long time.Always enjoy your posts.Have a good rest of the day.
[deercreekvols](/user/737795) [@Fall1980](/user/8099801)Appreciate your comment.Summoning Van and Jerry Garcia’s version is always worth a shot!Have a great day too.[deercreekvols](/user/737795) [AMC](/symbol/AMC), which started the day down 20% but has rebounded to be down 10% midday.
Speculative stocks, in our opinion, can behave exactly like $ [AMC](/symbol/AMC), thus the designation “speculative.”Is $ [AMC](/symbol/AMC)really a bigger story than the rise of $ [DIS](/symbol/DIS)or the fall of $ [TSLA](/symbol/TSLA)on the day, which is currently down over $12? The answer is no, of course, but we have the feeling that some may choose to comment on their investing prowess and research at some point.
It has happened previously.It will happen again.Just like clockwork.See comment above on $ [AMC](/symbol/AMC).Laughable, but there it is.Just our thoughts and opinions.[metalhead](/user/228600) [Political Comments](/author/political-comments) [seekingalpha.com/…](https://seekingalpha.com/article/4646313-politics-and-the-markets-110923?source=content_type%253Areact%257Csection%253Acomment%257Csection_asset%253Acomment%257Cfirst_level_url%253Aarticle%257Ccontent_id%253A4649655%257Ccomment_id%253A96545720)- to join the separate political discussion.Purely political comments on this Wall Street Breakfast article will be removed by moderators.[Submit your own](https://about.seekingalpha.com/become-an-analyst).To report a factual error in this article, .
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