Dow Hits Once Implausible Milestone

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 16 May 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 16. The Dow topped 40000 for the first time today, but ultimately closed below the mark. Markets reporter Karen Langley has more on the milestone. And the U.S. blocks imports from dozens more Chinese companies, over their alleged ties to forced labor. Richard Vanderford, a reporter for the WSJ’s Risk and Compliance Journal, explains. Plus, President Biden asserts executive privilege over recordings of his interview with special counsel Robert Hur regarding his handling of classified documents. Annmarie Fertoli 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	So how do we get AI right?
0:02.0	Well, we need the right volume of data, the software to train it, and massive compute power, or...
0:10.0	Another one buys the dust.
0:12.0	Are you ready?
0:13.0	Are you ready for this?
0:14.0	Are you hanging on the edge of your seat?
0:16.0	But with HE Green Lake, we get access to supercomputing to power AI at the scale we need,
0:21.0	helping generate better insights.
0:22.6	All right.
0:25.4	Nice teamwork guys.
0:26.9	Search HPE Green Lake.
0:30.3	The Dow Top's 40,000 for the first time ever.
0:36.6	It serves as a milestone that gives us the chance to take stock of this surprising path
0:41.5	that the market has taken over the past few years.
0:45.0	And the U.S. blocks imports from dozens more Chinese textile companies over their alleged
0:49.9	ties to forced labor.
0:51.7	Plus President Biden asserts executive privilege over
0:54.7	recordings of his interview with the Special Counsel regarding his
0:57.6	handling of classified documents. It's Thursday, May 16th. I'm Anne Marie Fertoli for the Wall Street Journal.
1:04.1	This is the PM edition of What's News, the top headlines and business stories that
1:08.1	moved the first time.
1:22.2	Wall Street Journal markets reporter, Karen Langley.
	...

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