Apple, Amazon and Meta Beat the Street; Can Their Run Continue?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 2 February 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Feb. 2. Earnings reports this week have cast a spotlight on the tech behemoths that continue to leave the rest of the S&P 500 in their dust. Eileen Burbidge, the founder of Passion Capital, explains whether investors can still find upside among the world’s most valuable companies. Plus, Intel delays construction of its $20 billion Ohio chip plant. And Barbie-maker Mattel attracts an activist investor eager to shake up the toy company. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Like some kind of Pizza Ninja, Domino's are slicing their prices.
0:05.0	Domino's price slice.
0:07.0	Small pizzas now 8 quid, medium now 10 quid,
0:10.0	and large now 12 quid.
0:12.0	Yet we're making cuts too.
0:14.0	In 11th of February 24, minimum delivery spend, charges and areas may apply.
0:18.0	To and see, see Domino's.
0:20.0	UK. Apple, Amazon, and Meta turn in revenue reports that all top Wall Street estimates.
0:29.7	They don't show any signs of slowing.
0:32.2	It seems like they are impervious to macroeconomic headwinds
0:36.6	when there are other companies and other sectors that have problems with really high rates.
0:40.9	Plus we'll take stock of a roller coaster week for the broader market ahead of today's
0:45.6	jobs report and get an update on the legal battle between Disney and Florida Governor
0:50.5	Rhonda Santis.
0:52.3	It's Friday, February 2nd.
0:54.0	I'm Luke Vargas for the Wall Street Journal,
0:56.0	and here is the AM edition of What's News,
0:58.0	the top headlines and business stories moving your world today.
1:04.8	We begin with what has been a bit of a roller coaster week in markets.
1:08.1	On Wednesday, the S&P 500 logged its worst daily percentage loss since September after Fed Chair Jerome Powell dashed
1:15.4	hopes of an interest rate cut in March.
1:18.0	Then, a sell-off of New York Community Bank Corp and other lenders, exposed to commercial real estate, raised concerns
	...

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