EPISODE · Oct 3, 2022 · 25 MIN
Wall Street starts quarter with a rally but OPEC+ could stop the rally for this quarter
from Stock Market Observation · host Jacob Lee
Ep. 97: General Motors says sales rose 24% in the third quarter while they also announced that they will increase production of the Chevrolet Bolt EV and the EUV. Tesla reported earnings as well and their stock dipped after third-quarter production and deliveries report. Ocean freight orders are signaling a big drop in consumer demand. For the time it seems to be affecting the months of September and October in the making. The Supreme Court is taking up the YouTube dispute on whether or not YouTube has immunity. These results could have some affects in the social media world soon. Finally, OPEC+ is considering to have a "historic" cut as analyst believe that we could be seeing the return of $100 dollars a barrel again.
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Wall Street starts quarter with a rally but OPEC+ could stop the rally for this quarter
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