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The Fox News Rundown

Business Rundown: Candidates' Money Policy, Powell's Caution On Cuts, & Rising Rent

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.41.7K Ratings

🗓️ 12 July 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

Next week’s Republican National Convention will feature plenty of discussion about the economy. The former President has already floated major changes he would make, like lighter business regulations, imposing higher tariffs on China, and extending tax cuts. Meanwhile, Wall Street had a good week as the stock market climbed, likely fueled by optimism that a rate cut is coming soon after Fed Chair Powell’s Senate testimony as well as reports that inflation fell in June. FOX Business Correspondent Gerri Willis speaks with Siebert Financial’s Chief Investment Officer Mark Malek about all this, and they break down President Biden’s aim to cap yearly rises in rental costs. Photo Credit: AP Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's time to take the quiz.

0:01.7

Five questions, five minutes a day, five days a week.

0:04.3

Take the quiz every weekday at the Quiz dot Fox

0:07.3

and then listen to the Quiz podcast to find out how you did.

0:10.2

Clay, share, and of course listen listen to the quiz at the quiz.

0:14.0

Fox.

0:15.0

I'm Jerry Willis, and this is the Fox Business Rundown.

0:18.0

Next week in Milwaukee, Wisconsin, the GOP slated to officially nominate former President Trump

0:30.0

as a Republican presidential candidate for 2024.

0:34.1

We can also expect plenty of discussion about the issues most important to American voters.

0:39.0

So you can expect to hear plenty about migration and the economy.

0:43.0

These are issues that have been dealt with in the past.

0:45.5

I think that's got to be the focus going forward.

0:48.3

Former president has already floated major changes he would make,

0:51.9

like lighter business regulations, imposing higher tariffs on China,

0:56.6

and extending tax cuts.

0:58.6

Meanwhile, a good week on Wall Street as the stock market climbed, likely fueled by optimism that a rape cut is

1:04.8

coming soon. Federal Reserve Chairman Jerome Powell testified before the

1:09.0

Senate Banking Committee that he wants more data that the fight to quell inflation is indeed working.

1:15.0

The June Consumer Price Index numbers were released Thursday and they certainly

1:20.0

paint an optimistic picture as inflation fell and price hike slowed. But first, we bring it

1:26.7

back to the Republican National Convention. All eyes this week have been on the press conference

...

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