Business Rundown: Wall Street's Bad Week

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 9 August 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A global market rout to start off the week, giving Wall Street its worst day since 2022. While some losses have been recouped, more inflation and consumer data are on the way, which could once again disturb the calm in the market. Co-anchor of The Big Money Show on Fox Business, Taylor Riggs, speaks with Chief Economist at Annex Wealth Management, Brian Jacobsen, to discuss if the market volatility is momentary or here to stay, why the Fed is being overly cautious about cutting rates, and managing fears of an economic downturn. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Mom, Dad, can we work around?
0:03.0	James, come rounds.
0:04.0	Can we have Tykawai?
0:05.0	Your maker.
0:06.0	We need speakers.
0:07.0	Pastors.
0:08.0	He's broken it.
0:09.0	She's crying.
0:10.0	Where's the football?
0:12.0	Can we watch cartoons?
0:13.9	Need a crowd pleaser?
0:15.0	Let's watch something with planets.
0:16.8	A musical.
0:18.0	cartoons.
0:18.7	The match.
0:19.7	New E.E TV lets you search live and on demand all in one place. Search E. E. T.
0:27.0	E. T. E. T. requires E. E. broadband. Content may vary terms apply.
0:30.0	I'm Taylor Riggs and this is the Fox Business Run Down.
0:33.0	Friday, August 9, 2024. To start the week, Wall Street had its worst day since 2022. While some losses have now been
0:47.0	recouped, more inflation and consumer data is on the way, which could once again disturb the calm in the market.
0:54.5	Panic attacks, they do pass.
0:57.0	Just take some deep breathing, getting yourself re-centered,
	...

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