Corporate dealmaking is “in” for 2024
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 18 January 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Globally, the total value of mergers and acquisitions last year was the lowest since in a decade, held back by interest rates, a volatile stock market and a strict regulatory environment. The corporate dealmaking could rebound this year, though. We’ll also paint a picture of our economic moment with a slew of recent data. Plus, could passwords be a thing of the past?
Transcript
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| 0:00.0 | Painting the economy by the numbers from Marketplace. I'm Sabrie Beneschore in for David Brunkachow. |
| 0:07.0 | Quite a bit of data out today and this week actually. Jobless claims fell by 16,000 last week. |
| 0:13.3 | Housing starts in December were up 7.6% over the previous December. |
| 0:17.3 | And yesterday we had retail sales. |
| 0:18.9 | Those were up 5.6% year over year. |
| 0:21.6 | So let's put it all together and paint a picture of the |
| 0:24.4 | economy. Diane Swank is chief economist at Tax at Audit and Advisory from |
| 0:28.0 | KPMG. Good morning, Diane. Good morning. Let's start with jobless claims. They move up and down a bit but they're down quite a bit |
| 0:34.7 | 16,000. What do we make of that? They are down a lot and that's great if we can fully |
| 0:40.7 | rely on the data. What we're somewhat worried about is that there were really, really |
| 0:44.3 | bad storms across the plains and much of the country, the northeast, that may have delayed |
| 0:50.8 | some people putting in their applications for new jobless claims. |
| 0:54.1 | Anyway, the data is cut. |
| 0:56.0 | We are still at very low jobless claims numbers, and that's the |
| 1:00.2 | reassuring news as we sort of enter 2024 is that we're still on very firm footing. |
| 1:06.1 | All right, so that's in the good news category. Housing starts, people breaking around on new homes. |
| 1:10.5 | It's down from November, but it's still up quite a bit from the year before. |
| 1:15.1 | What's that telling us? |
| 1:16.1 | Again, you know, really weird weather. We see easily adjust this data and we're not sure exactly |
| 1:21.8 | what it means, but I will say there are some |
| 1:24.2 | interest in 10 starting to emerge and that is in December we saw mortgage rates |
| 1:28.8 | plummet and hopes that the Fed would cut rates this year in Hut aggressively. |
... |
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