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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why users are leaving X in droves.

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Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:05Wall Street ended the week with a alfalfa voice.
00:09I'm Conway Gittins reporting from the New York Stock
00:11Exchange.
00:12Here's what we're watching on the street today.
00:14Wall Street ended the week in a slump.
00:16Apparently, what's good for the economy
00:19is perceived as not being so good for the stock market.
00:22Retail sales are resilient and layoffs are low.
00:26Taken together, that's the kind of strength
00:28Wall Street thinks will delay more interest rate
00:30cuts from the Federal Reserve.
00:33Consumers are in focus in the coming week
00:34with quarterly results from Walmart, Target, TJ Maxx
00:38parent TJX, Lowe's, and Dollar Tree.
00:42Turning to other business headlines,
00:44ex-users are fleeing the app as billionaire CEO Elon Musk
00:48spends his time advising President-elect Donald Trump.
00:52Immediately following November's presidential elections,
00:55ex saw its biggest mass exodus since Musk
00:58bought the company in 2022.
01:01More than 115,000 subscribers closed their ex accounts
01:05on the day after the election alone,
01:08according to web tracking data provided to NBC News.
01:12In contrast, Blue Sky, an app created by former Twitter CEO
01:16Jack Dorsey in 2009, has signed up 2.5 million new subscribers
01:22during the first week after the election.
01:24A spokesperson told USA Today,
01:27it's been tough going ever since Musk took over ex
01:30and his political leanings are apparently making it worse.
01:34According to one estimate, the app,
01:37formerly known as Twitter,
01:38will see $2.9 billion in sales in 2024.
01:42That's about a 40% drop from the $4.4 billion
01:46seen before his first full year on the job.
01:50And that'll do it for your daily briefing
01:51from the New York Stock Exchange.
01:53I'm Conway Gittins with The Street.

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