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WSJ What’s News

Investors Welcome Fed’s Bold Rate Cut

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 19 September 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Sept. 19. Global stocks rise and U.S. futures rally after the Federal Reserve moves to lower interest rates by a half-point. Plus, the Pentagon worries Israel is close to launching a ground war in Lebanon. And, the WSJ’s Georgi Kantchev says Vladimir Putin’s attempt to rewire global trade and circumvent sanctions has run into some serious obstacles. Azhar Sukri 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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0:25.2

This is a high-risk investment, and you should not expect to be protected if something goes wrong. US alarm about a possible ground war in southern Lebanon grows,

0:39.4

plus a look at how global markets are receiving the Fed's half-point rate cut, and Russia tries to rewire its global trade network with mixed results.

0:50.0

These are key projects for Russia, but they are being impacted on all sides.

0:54.5

You have the financial situation, you have the infrastructure limits, and then the threat of

0:59.9

U.S sanctions.

1:00.9

It's Thursday, September the 19th.

1:03.2

I'm Azhaharsukri for the Wall Street Journal filling in for Luke Vargas.

1:08.0

Here is the AM edition of What's News, the top headlines and business stories moving your world today.

1:15.0

We begin with the Fed, which started its long anticipated cycle of interest rate cuts yesterday,

1:25.0

with a half-point reduction and entered a new phase in its bid to stick a soft landing for the U.S. economy. I reached out to journal finance editor Alex

1:35.6

Frangos to ask him how global markets received that move.

1:40.3

So far, so good. At first the the U.S. markets were up and then they finished flat, but then when overseas

1:46.0

markets opened in places like Japan and Hong Kong and Europe, stocks are up pretty solidly.

1:52.1

The dollars down and U. and US stock futures, which give us a flavor of what might happen later Thursday, are also up pretty firmly, so a little bit of a delayed happy response to the big cut.

...

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