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Marketplace All-in-One

Corporate earnings are looking pretty good so far

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 9 February 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

S&P 500 companies are mostly beating earnings expectations; Lawsuit claims Alaska Airlines warned of whistling sound before Max 9 accident; Google debuts Gemini artificial intelligence tool; Yellen expects more stress for banks, but no systemic risk.

Transcript

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0:00.0

Corporate earnings are looking pretty good so far. I'm Novisafo with a marketplace minute.

0:05.8

We're more than halfway through quarterly results reported by S&P 500 companies and according to two data

0:12.1

firms, the vast majority of companies have beaten

0:14.4

earnings expectations. This is cheering Wall Street where investors have sent the

0:18.8

benchmark index to new highs. A lawsuit by passengers says Alaska Airlines was warned of a whistling sound during a previous

0:27.2

flight of the same Boeing Max 9 plane that lost a door plug mid-flight last month. The suit accuses Boeing and Alaska of negligence.

0:35.7

Google is bringing a generative artificial intelligence tool that calls Gemini to mobile

0:40.0

devices. It's now available in the US as a digital aid on Android phones and on

0:45.0

Google's iPhone app. Treasury Secretary Janet Yellen is expecting more losses

0:50.0

at banks as they deal with falling real estate values and souring commercial loans.

0:54.8

She told a Senate hearing yesterday that this is unlikely to be a risk to the banking system.

1:00.4

I'm Novasafo with a marketplace minute.

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