Big Tech Faces Earnings Test

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 22 April 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 22. The so-called Magnificent Seven stocks shed a combined $950 billion in market value last week, the largest on record. Wall Street Journal banking reporter Charley Grant says upcoming earnings offer an opportunity to stop the slide. And OpenAI CEO Sam Altman invests in a company tackling artificial intelligence’s big appetite for clean energy. Climate finance reporter Amrith Ramkumar has more. Plus, opening statements kick off Trump’s hush-money trial in Manhattan. Sabrina Siddiqui hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Krakhan.
0:03.0	Krypto is like finance, but different.
0:06.0	It doesn't care when you invest, trade or save, do it on weekends,
0:11.0	or at 5 a.m.
0:12.0	Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m.
0:15.2	crypto is finance for everyone everywhere all the time.
0:19.4	Visit crackin.com slash see what crypto can be to learn more
0:22.8	don't invest unless you're prepared to lose all the money you invest this is a high risk
0:26.2	investment and you should not expect to be protected if something goes wrong
0:38.0	Former President Donald Trump's hush money trial begins with opening statements. And Big Tech is facing a test after the Magnificent stocks lost nearly one trillion dollars in
0:44.8	combined market value. We've had three bad inflation reports in a row. People on Wall Street
0:49.9	are starting to get skittish. Bond yields are backing up higher and that's causing a
0:53.7	problem for the whole stock market, especially big tag. Plus Israel's military
0:58.2	intelligence chief resigns over the Hamas attack on October 7th.
1:02.8	It's Monday, April 22nd.
1:04.5	I'm Sabrina Siddiqui for the Wall Street Journal
1:06.3	filling in for Anne-Marie Fertoli.
1:08.1	This is the PM edition of What's News,
1:10.1	the top headlines and business stories that move the world today.
1:13.3	A Manhattan prosecutor told jurors today that Donald Trump orchestrated a criminal scheme to sway the 2016 election,
1:26.2	but the former president's lawyer countered that there is nothing wrong with trying to influence voters.
1:31.7	Those competing narratives are part of the opening
	...

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