Corporate bond sales up this month
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 29 January 2024
⏱️ 1 minutes
🧾️ Download transcript
Summary
Stocks rise; investors eager for corporate bonds as rates fall; Amazon abandons plans to acquire iRobot; labor market data due this week.
Transcript
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| 0:00.0 | This is the Marketplace Minute. |
| 0:03.0 | I'm Justin Ho. |
| 0:05.0 | Stocks closed up on Monday. |
| 0:06.8 | The Dow gained 6 tenth percent, the S&P Rose 3 quarters percent, and the NASDAQ |
| 0:11.8 | added 1 and one tenth percent. |
| 0:14.7 | Big companies are on track to sell a record amount of corporate bonds in the month of January. |
| 0:19.3 | That's according to Bloomberg News. |
| 0:20.9 | It says that's because interest rates on corporate debt have been falling, |
| 0:23.8 | and investors are trying to grab up corporate bonds before rates fall even more. |
| 0:28.1 | Amazon says it's abandoning plans to acquire iRobot, the maker of Rumba Vacuum. |
| 0:34.0 | Amazon said the deal had no path to regulatory approval in the European Union. |
| 0:39.0 | Regulators there have said the acquisition would have been unfair to I-Robot's rivals. |
| 0:43.0 | And we're due for a lot of labor market data this week. |
| 0:46.0 | On Tuesday, we'll get the latest job openings in labor turnover survey from the Labor Department. |
| 0:51.0 | And on Friday, we'll get the government's official employment |
| 0:53.7 | telly for the month of January. |
| 0:56.1 | I'm Justin Ho with the Marketplace Minute. You're going to. |
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