Business Rundown: The Fed's Big Rate Cut & A Looming Supply Chain Snafu

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.7K Ratings

🗓️ 20 September 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week the Federal Reserve cut interest rates by half a percentage point, the first and biggest cut since the pandemic began to batter the US economy in March of 2020. Fed Chair Powell isn’t saying “mission accomplished” just yet, but he stressed that the progress on inflation has been encouraging. The large rate cut brought a big rally in the stock market on Thursday, yet ongoing discussions of recession possibilities and a slowing job market have many still viewing this economy cautiously. And a supply chain crisis looms in America due to a string of labor disputes when it comes to America’s ports, planes, and automobiles. FOX Business correspondent Gerri Willis breaks all of this down with Partner and Chief Market Strategist at Slatestone Wealth, Kenny Polcari. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Kever, have you got my new speaker in the bathroom?
0:04.4	Uh, no, Connie, haven't seen it.
0:07.0	Oh, no.
0:09.4	The speaker floats!
0:12.4	I knew you had it.
0:15.0	At Argos.
0:16.0	We have all the latest must-abs, including waterproof speakers like the Boes Sound Link Flex.
0:22.0	There's more chill to Argos. Subject to availability
0:25.9	delivery fee may apply. Well if you're not this wall through you could
0:32.0	open plan the living area.
0:33.2	So I'm thinking burnt oka paired with some terracotta times, vary in season right now.
0:37.4	When it comes to making big decisions for how we improve our homes, we rely on the advice of experts.
0:42.4	So, shouldn't it be the same for the way we heat and power the... our homes, we rely on the advice of experts.
0:42.6	So shouldn't it be the same for the way we heat and power them at EDF Waste
0:46.1	Specialists in low-carbon technology for homes?
0:48.6	We've installed thousands of air source heat pumps, solar panels and batteries across the
0:52.2	country, and we across the country.
0:52.8	And we also have useful content
0:54.4	to help you make the right decision for your home.
0:56.6	Search EDF Energy.com slash Energy Specialist
0:59.1	to find out more.
1:00.2	I'm Jerry Willis, and this is the Fox Business Rundown.
	...

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