Business Rundown: Historic Market Highs & Signs Of Cooling Inflation

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 20 May 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

A rapid burst of good news for the U.S. economy on Friday as the DOW closed above 40,000 for the first time in history, and the opening bell on Monday morning teased indexes on pace for more record highs. Sparked by a positive CPI report showing inflation cooling off, many are celebrating the positive trend. But with retail sales slowing and a growing trade war with China, is the economy really as strong as the markets suggest? Anchor of “Kudlow” on Fox Business, Larry Kudlow joins the Fox Business Rundown’s Taylor Riggs to discuss the politics weighing down the economy and why adjusting gains for inflation tells a very different story for the U.S. economy. Photo Credit: AP Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi all how we doing afternoon afternoon let's get this meeting meeting meeting
0:05.9	started when everyone's home when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.
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0:24.0	Search EE broadband powered by BT.
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0:28.9	C EE dot credit eK slash claims.
0:30.1	I'm Lydia who. I'm Kelly O'Grady. I'm Taylor Riggs.
0:45.0	Core inflation has slowed to a three-year low,
0:47.7	and the markets closed at record highs last Friday.
0:51.3	But while some are celebrating the positive trend, many still question if things are as strong as they seem.
0:58.0	Inflation is a big tax and it really robs people of their net worth and that includes the stock market.
1:06.0	Really even the stock market adjusted for inflation is much much stronger during the
1:12.1	Trump years.
1:13.3	Welcome to the first episode of the Fox Business Rundown.
1:16.1	I'm your host, Taylor Riggs, I'm also the co-inker of the big money show on Fox Business.
1:21.9	A rapid burst of good news for the U.S. economy on Friday
1:24.9	as Wall Street witnessed history. For the first time ever, the Dow Jones
1:29.1	industrial average closed above 40,000. And after opening Bell this morning, the Dowin
1:34.9	NASDAQ also hitting record highs. But last week it wasn't just soaring stocks. The
1:41.0	US Bureau of Labor Statistics
1:42.8	released their CPI report, which measures inflation
	...

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