Transcript:
I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Wall Street snapped a three-day losing streak as investors reassess the reasons behind the meltdown. In a note to clients, Goldman Sachs pointed to low risk of a U.S. recession and described the recent selling spree as a buying opportunity.
With that said, all eyes are now on earnings season. Yum Brands, parent of KFC, Taco Bell, and Pizza Hut, beat profit forecasts. However, like many of its peers, it is struggling to find the right price-point for inflation-weary consumers.
Up next on the earnings calendar: Walt Disney, Warner Bros. Discovery, Lyft, and Shopify.
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