UAL - Wall Street Breakfast: Rising Prices

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Rising costs Investors will be keeping a close eye on rising costs as the Q3 earnings season kicks off this week. Price pressures could pose a problem for corporate profits in the current quarter and beyond, with the S&P 500 already down 3.2% from its September record. Supply chain bottlenecks, labor problems and outsized demand are all leading to shortages, while a jump in raw material costs is pressuring companies' bottom lines.Red flags: Last month, FedEx (FDX) dropped 9.1% after reporting soft earnings and cutting its financial outlook due to a challenging labor market. Nike (NKE) also slid 6.3% on lower-than-expected revenue from lost production in Vietnam, while Bed Bath & Beyond (BBBY) plunged 22% after citing inflation for a sharp decline in quarterly sales. Ballooning

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Wall Street Breakfast: Rising Prices