Making Sense of Nvidia’s Record Drop

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 4 September 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Sep. 4. WSJ finance editor Alex Frangos tells us where investors are looking for clues on where the U.S. economy is headed and discusses Nvidia’s outsize influence on markets after yesterday’s selloff. Plus, the killing of an American-Israeli hostage in Gaza brings a new sense of urgency to U.S. efforts to end the fighting. And, the number of workers employed by startups is sharply lower than before the pandemic. The WSJ’s Ruth Simon tells us what’s changed in the way people start new businesses. Luke Vargas 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	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of O.C. at oracle.com slash Wall Street. Briggs' record sell-off Royal's global chip stocks.
0:13.0	at oracle.com slash Wall Street.
0:16.0	Invidia's record sell-off Royal's Global Chip Stocks.
0:23.6	Plus, U.S. Steel's boss warns of tough times ahead
0:27.1	if the company's $14 billion sale falls through,
0:30.6	and we'll look at why more startups doesn't necessarily mean many more job openings.
0:36.0	Many of the businesses that I spoke to are not bringing that many people on staff,
0:41.0	but instead they're using contractors.
0:43.4	And so having contract workers
0:45.6	makes it easier to adjust quickly to the ups and downs
0:50.6	of a new business.
0:51.8	It's Wednesday, September 4th.
0:53.8	I'm Luke Vargas for the Wall Street Journal,
0:55.8	and here is the AM edition of What's News.
0:58.8	The top headlines and business stories
1:00.9	moving your world today.
1:05.2	We begin today with a look at global markets a day after US stocks tumbled on renewed
1:10.6	worries about a slowing economy.
1:13.2	The drop is reverberating across Asian and European markets, with Asian chip stocks in particular
1:19.2	stumbling today following Invidias more than 9% slide yesterday and further declines off hours.
	...

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