Energy Department funds industrial decarbonization effort
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 25 March 2024
⏱️ 1 minutes
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Summary
Stocks fall; Energy Department funding targeted at industries that are hard to decarbonize; new home sales fall in February; Boeing CEO to step down.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed down on Monday. The Dowell fell |
| 0:08.0 | for 10% percent, the S&P and the NASDAQ lost around 3 tenths percent. |
| 0:13.1 | The Department of Energy announced $6 billion in funding for several projects around the country |
| 0:18.0 | meant to decarbonize the industrial sector. |
| 0:20.6 | That includes the production of iron, steel, and cement, along with food and beverages, glass, paper, and chemicals, all industries that the DOE says generate a lot of emissions and are hard to decarbonize. Fewer new homes sold in February than in January, |
| 0:36.3 | according to the Commerce Department. Sales were down 3.10% from the month before, |
| 0:40.6 | but they were almost 6% higher than the same time a year ago. |
| 0:44.0 | And the CEO of Boeing, Dave Calhoun, is stepping down at the end of this year |
| 0:49.0 | after a series of safety incidents involving Boeing aircraft, |
| 0:52.0 | including a cabin panel blowout on a 737 max-9. |
| 0:56.2 | I'm Justin Ho with the marketplace man. You're going to. |
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