CEO confidence rises
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 February 2024
⏱️ 1 minutes
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Summary
Stocks rise; CEOs cite slowing inflation and possibility of rate cuts; wholesale inventories rise; initial unemployment claims tick down.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed higher on Thursday. |
| 0:06.2 | The Dow and the S&P gained around a tenth of our percent, |
| 0:09.2 | and the NASDAQ added a quarter of our percent. |
| 0:11.7 | Corporate CEOs surveyed by the conference board |
| 0:14.9 | said they're a lot more optimistic about the economy than they were at the end of last year. |
| 0:18.8 | It's the first time in two years that CEOs have been optimistic at all. A big reason is the fact that inflation has been |
| 0:24.7 | coming down and that the Federal Reserve might cut interest rates this year. On the other hand, |
| 0:29.4 | CEO said there's still a lot of uncertainty surrounding this year's election and the ongoing |
| 0:33.9 | wars. Wholesaleers' inventories rose in December from the month before, up 4.10% according to the Commerce |
| 0:40.5 | Department. It says wholesalers sold more goods too. And the number of people |
| 0:45.0 | signing up for unemployment benefits fell last week to 218,000. That's according to the Labor |
| 0:50.0 | Department, the number of continuing claims fell too. I'm Justin Ho with the Marketplace |
| 0:55.0 | Act. You're going to. |
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