TSLA - Wall Street Breakfast: 'We Have A Deal'

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. 'We have a deal' Cyclical stocks like Caterpillar (CAT) and Vulcan Materials (VMC) took the lead in afternoon trading on Thursday after President Biden announced a bipartisan deal on infrastructure spending. "We have deal," he told reporters outside the White House. "I clearly didn't get all I wanted. They gave more than, I think, maybe they were inclined to give in the first place. But this reminds me of the days we used to get an awful lot done up in the United States Congress."Breakdown: The agreement features $579B of spending above expected federal levels and a total $973B of investment over five years - $1.2T if continued over eight years. By sector: Transportation ($312B); Other Infrastructure ($266B); Roads, bridges, major projects ($109B); Power infrastructure ($73B);

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Wall Street Breakfast: 'We Have A Deal'