Global Stock Selloff Deepens

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 5 August 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for August 5. Japan’s Nikkei suffers a dramatic fall and U.S. stock futures drop as concerns about a slowing U.S. economy mount and popular trades continue to unravel. Plus, Mars eyes a multibillion-dollar snack deal. And, Journal Heard on the Street Columnist Jinjoo Lee discusses whether Donald Trump would really be better than Kamala Harris for oil and gas investors. Luke Vargas 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	Three two one.
0:02.0	one.
0:04.0	What will the world look like 10 or 20 years from now?
0:07.0	The Wall Street Journal's future of everything podcast is here to give you a peek.
0:11.0	And we can't wait to show you what's coming.
0:13.2	Subscribe now.
0:16.2	Stock futures slide and investors flock to safety as a global sell-off deepens.
0:24.0	Plus Kamala Harris closes in on her VP pick
0:28.0	and misinformation sparks violent anti-immigration protests across the UK.
0:34.0	We've seen protests in the last five days in Manchester, in Liverpool, Belfast,
0:38.0	but it's really caught the government here on the back foot
0:41.0	because it's indiscriminate and it's spread
0:43.6	you know quite randomly. It's Monday August 5th I'm Luke Vargas for the Wall Street
0:48.8	Journal and here is the AM edition of What's News, the top headlines and business stories moving your world today.
0:57.0	Global Financial Markets are opening the week on uneasy footing amid concerns of
1:07.4	U.S. economic slowdown.
1:10.0	That follows a disappointing jobs report and other signs of eroding consumer demand which have quickly
1:15.9	unraveled some of the year's most popular trades, including around the Magnificent Seven
1:21.5	Tech stocks. But nowhere have market jitters been more evident. the
1:25.0	Nikeetetor has been more evident than in Japan, where the Nikke closed down more than 12% today
1:30.0	and its biggest single day fall since 1987.
1:34.0	Peter Landers is the journal's Tokyo Bureau Chief.
	...

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