Kamala Harris Outlines an Economic Vision for Her Presidency

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 16 August 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Aug. 16. The Democratic nominee pushed for more construction and tax incentives—and criticized Trump’s tariff proposals in a speech in North Carolina. White House reporter Tarini Parti discusses Harris’s policy plans. And Heard on the Street columnist Telis Demos explains why a new KeyCorp deal could be a model for U.S. regional banks. Plus, Cybertruck buyers get an unwelcome surprise with their new car. Tracie Hunte 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	Pamela Harris outlines her economic policy agenda.
0:06.5	As President, I will bring together,
0:09.5	labor with small businesses and major companies to invest in America, to create good jobs, achieve
0:19.7	broad-based growth, and ensure that America continues to define the future and lead the
0:29.2	world and hopes for a US re-cut and geopolitical concerns push the price of gold to a new record high.
0:37.0	Plus, Kekor gets a big investment from Scotia Bank.
0:40.0	Could that move be a template for other regional banks?
0:43.0	It's Friday, August 16th.
0:45.0	I'm Tracy Hunt for the Wall Street Journal.
0:48.0	This is a PM edition of What's News,
0:50.0	the top headlines in business stories that move the world today.
0:54.0	Let's start with gold prices as they hit a new record high today,
0:59.0	rapidly reclaiming lost ground after a market crash and sell off in early August.
1:04.3	Gold futures rose 1.6% on the New York Mercantile Exchange to more than 2,530
1:10.9	per Troy ounce.
1:13.0	The precious metal has been breaking record since March on rising hopes for a U.S. interest
1:17.7	rate cut and geopolitical tensions. U.S. markets edge higher today capping off their best week of the year in a head spinning
1:30.3	turnaround that defied recent concerns about rising recession risks.
1:35.4	Bueied by a surprising streak of encouraging economic reports, the S&P 500 gained 3.9% this week. The Dow Jones industrial average climbed 2.9% and the NASDAQ
1:47.5	composite advanced 5.3%. It was the biggest weekly gain for each major index since last November.
1:55.0	One sour note, data out today showed that housing starts,
2:00.0	a measure of U.S. home construction slid in July to their lowest since 2020.
	...

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