Investors Are on Edge About the U.S. Presidential Election

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 29 April 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 29. Investors are starting to worry about what the Trump-Biden rematch will mean for their portfolios. Gunjan Banerji, lead writer for live markets, explains. And Paramount CEO Bob Bakish steps down, as the company explores a sale. Plus, some AI startups are raising hundreds of millions of dollars before they even have a product or revenue. Startups and venture capital reporter Berber Jin explains why that is fueling concerns of a bubble. Annmarie Fertoli hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Imagine being the first person to ever send a payment over the internet.
0:05.0	New things can be scary and crypto is no different.
0:08.0	It's new, but like the internet, it's also revolutionary.
0:12.0	With Krakin, making your first crypto trade feels easy with
0:15.7	24-7 support when you need it. Go to Krakin.com and see what crypto can be.
0:21.2	Don't invest unless you're prepared to lose all the money you invest.
0:23.8	This is a high-risk investment and you should not expect to be protected if something goes wrong.
0:27.0	Paramount CEO Bob Backish steps down as the company explores a sale and investors
0:37.7	are starting to worry about the Trump-Biden rematch.
0:40.5	What I'm hearing from strategists on Wall Street, from financial advisors, is that the election
0:45.9	is the number one thing that comes up in their conversations with clients.
0:50.5	People are telling me, this is the thing that comes up at every single meeting.
0:54.6	Plus executive flights on corporate jets are worth millions more than reported.
0:59.7	It's Monday April 29th.
1:01.7	I'm Anne Marie Fertulloli for the Wall Street Journal.
1:04.0	This is the PM edition of What's News, the top headlines and business stories that moved the world today. We start with an update to a story we brought you this morning.
1:17.0	Paramount Global's board is parting ways with Chief Executive Bob Backish.
1:21.0	The leadership shakeup comes as the entertainment giant is in the midst of a merger drama
1:26.0	and is looking to jumpstart its business.
1:28.3	Paramount said it would put in place an office of the CEO, through which three of its division
1:32.3	heads will run the company.
1:34.0	Backish's exit comes as Paramount, owner of brands like CBS, MTV, Nickelodeon, and the Paramount
	...

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