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WSJ What’s News

Can Betting Markets Predict the U.S. Presidential Election?

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 1 November 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

P.M. Edition for Nov. 1. WSJ reporter Alexander Osipovich discusses whether betting markets may be more accurate than polls when predicting who will win the presidential election. Wall Street Journal economics reporter Justin Lahart on the U.S.’s slowing job growth. Plus, Iran signals a possible strike on Israel. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Courage. I learned it from my adoptive mom.

0:03.0

Hold my hand?

0:03.7

You hold my hand!

0:06.0

Learn about adopting a team from foster care at adoptuSkids.org.

0:10.1

You can't imagine the reward.

0:11.5

Brought to you by AdopTU.S. Kids, the U.S. Department of Health and Human Services, and the Ad Council.

0:18.8

U.S. job growth took a hit last month.

0:21.5

The Labor Department's report comes just days before the presidential election and the Fed's interest rate meaning.

0:27.3

Even coming into the report, the expectation was that the Fed is going to cut rates by a quarter point.

0:35.0

That's still the expectation.

0:36.8

And are betting markets more accurate than polls when predicting who will win the presidential election?

0:42.3

Plus, Iran signals it might strike back at Israel, raising the risk of a wider Mideast war.

0:48.3

It's Friday, November 1st. I'm Tracy Hunt for the Wall Street Journal.

0:52.3

This is the PM edition of What's News, the top

0:56.1

headlines and business stories that move the world today.

1:03.7

U.S. job growth slowed sharply last month, with the Labor Department today reporting that

1:09.0

the economy added a seasonally adjusted 12,000

1:12.0

jobs in October versus a September gain of 223,000. That wildly misses even the muted

1:19.0

expectations of economists who had forecast 100,000 jobs. Still, the unemployment rate stayed

1:25.7

steady at a historically low 4.1%.

1:28.9

Hurricane Helene and Milton put thousands of people out of work across the southeast,

1:34.6

while the Boeing strike took more people off the job.

...

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