Shares of Warner Bros, Discovery (WBD) are deep in the red this morning after the media giant reported a nearly $10 billion loss that includes a $9.1 billion write-down on its TV networks. Investors are searching for safety after four or the previous five trading days ended in the red. Wall Street has been in a seesaw since last week’s disappointing jobs data raised alarms about the Fed’s recent decisions on interest rates. On the earnings front, this morning, we heard from top names, including Eli Lilly (LLY), Datadog (DDOG), Novavax (NVAX), and Krispy Kreme (DNUT). Yahoo Finance trending tickers include Robinhood Markets (HOOD), Occidental Petroleum (OXY), and Shopify (SHOP).
Key guests today include:
9 a.m. ET - Lindsey Piegza, Stifel Chief Economist and Managing Director
9:40 a.m. ET - Robert Fishman, MoffettNathanson Senior Analyst
10 a.m. ET - Antoine Chkaiban, New Street Research Technology Infrastructure Analyst
11 a.m. ET - Sandra Cho, Pointwealth Capital Management CEO & Founder
11:15 a.m ET - Brendan Jones, Blink Charging CEO
11:30 a.m. ET - Dave Gilboa, Warby Parker Co-Founder and Co-CEO