How Investors’ Bets With Borrowed Money Unraveled Markets

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 12 August 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Aug. 12. The rapid decline of several popular trades and the heavy use of leverage sparked last week’s markets meltdown. WSJ special writer Gregory Zuckerman breaks down how borrowed money and risky bets set off a stock-market roller coaster. And Heard on the Street columnist Jinjoo Lee explains why the AI boom could cause a hike in Americans’ power bills. Plus, Israel puts its military on high-alert on the possibility of an attack by Iran and Hezbollah. Francesca Fontana 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	Mom, Dad, can we work around?
0:03.0	James, come round.
0:04.0	Can we have Tykaw,
0:05.0	Your makeup? We need speakers.
0:07.0	Pastors.
0:08.0	He's broken it.
0:09.0	She's crying.
0:10.0	Where's the football?
0:12.0	Can we watch cartoons?
0:13.9	Need a crowd pleaser?
0:15.0	Let's watch something with planets.
0:16.8	A musical.
0:18.0	cartoons.
0:18.7	The match.
0:19.7	New EE TV lets you search live and on demand all in one place. Search E. E. T.
0:26.8	E. T. requires E. E. broadband. Content may vary terms apply.
0:30.0	Israel has put its military on high alert for a possible attack by Iran and Hezbollah
0:39.2	and how the leverage trades behind the recent market meltdown unraveled.
0:44.0	It's always the case that when things look optimistic for investors, they get a little bit giddy,
0:50.0	they start borrowing money.
0:51.0	So people get carried away, and that's what was happening with the Mag7 trade.
0:56.1	Plus, what the explosion of AI could mean for Americans power bills.
	...

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