TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Nintendo’s newest release.
Category
🥇
SportsTranscript
00:00I'm Conway Gittins reporting from the New York Stock Exchange. Here's what we're watching on the street today.
00:05Thursday was a day of rest for the stock market following the monster gains the previous day.
00:10Bank earnings continued to roll out. Bank of America won big with the interest rate game, topping quarterly forecasts.
00:16Meanwhile, Morgan Stanley saw a significant boost from its trading business,
00:21exceeding expectations as well. On Friday's calendar, we have housing starts and industrial production.
00:28In other business headlines, the wait is almost over.
00:32Nintendo finally took the wraps off of its long-pined for Switch to gaming device.
00:37The hybrid console will be out later this year, though
00:40no specific date was revealed. The Switch 2 comes with a bigger screen and bigger controllers.
00:46It will also be backward compatible with older games in most cases.
00:51Nintendo is hoping to build on the runaway success of the original Switch, which launched in
00:572017 as both a handheld and console device. Since then, it has gone on to become
01:03Nintendo's second biggest selling console. The Switch has sold
01:07146 million units according to gaming website IGN, which trails behind company leader the Nintendo DS.
01:14And what would a Nintendo announcement be without its star, Mario? The beloved character is back,
01:20so Mario lovers can rejoice. The Switch 2 promo prominently debuts the new Mario Kart 9 video game.
01:28No word yet on how much the device will cost. Nintendo says it will release more details in April.
01:33It's planning a series of, quote, global hands-on events to come.
01:39That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittens with The Street.