Goldman sees less risk of a U.S. recession
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 5 September 2023
⏱️ 1 minutes
🧾️ Download transcript
Summary
Goldman sees less risk of a U.S. recession; UN World Food Programme to cut food aid in Afghanistan; China property developer Country Garden avoids default; Disney channels still dark on Spectrum as dispute continues.
Transcript
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| 0:17.4 | I'm Samantha Fields with the Marketplace Minute. |
| 0:20.0 | Goldman Sachs now puts the probability of a recession in the next year at 15%. |
| 0:25.2 | That's lower than its July forecast, which had the odds at 20%. |
| 0:29.6 | China's biggest property developer has avoided default for now. |
| 0:33.4 | Country garden made more than $22 million in interest payments on bonds just before a crucial deadline. |
| 0:39.1 | But concerns about the company as well as the health of China's real estate market as a whole and its economy remain. |
| 0:45.9 | The UN World Food Program will have to stop feeding another 2 million people in Afghanistan because it's low on money. |
| 0:52.4 | More than 15 million people in the country need food assistance. |
| 0:56.1 | But with these new cuts, the World Food Program will only be able to help about 1 in 5 of them. |
| 1:01.2 | ESPN, ABC, and other Disney channels remain dark for spectrum cable subscribers because of a dispute between Disney and charter communications, which owns spectrum. |
| 1:10.7 | Disney is encouraging spectrum users to sign up for Hulu Plus Live TV instead. |
| 1:15.7 | Disney owns the majority of Hulu. I'm Samantha Fields with the Marketplace Minute. |
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