All eyes on inflation and the Fed

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 11 June 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The S&P 500 and Nasdaq closed at record highs for a second straight day; Federal Reserve governors began a two-day interest-rate-setting meeting; Apple unveiled its latest AI play.

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Marketplace Minute. I'm Mitchell Hartman. Stocks were mixed. The Dow fell 3 tenths percent.
0:07.0	The S&P rose nearly 3 tenths percent, and the NASDAQ climbed roughly 9 tenths percent.
0:13.4	The Federal Reserve's Open Market Committee began a two-day meeting today.
0:17.4	It's expected to leave its benchmark interest rate unchanged as it continues to monitor its
0:22.4	progress fighting inflation.
0:24.0	The latest piece of the data puzzle comes tomorrow.
0:27.0	The May Consumer Price Index is expected to show continued price moderation.
0:32.0	Small businesses got a bit more upbeat in Mag. show continued price moderation.
0:32.8	Small businesses got a bit more upbeat in May.
0:35.4	The National Federation of Independent Business's optimism index reached a peak so far for
0:40.6	the year, while its uncertainty index reached its highest level since the first year of the pandemic.
0:46.0	Apple will expand the use of artificial intelligence in iPhones, iPads, and Macs.
0:52.0	AI will be incorporated into Apple's digital assistance,
0:55.4	Siri, through its partnership with Open AI.
0:58.9	I'm Mitchell Hartman with the Marketplace Minute.

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.