PepsiCo revenue falls
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 9 February 2024
⏱️ 1 minutes
🧾️ Download transcript
Summary
Stocks close mixed; PepsiCo blames higher interest rates and lower savings; Dallas Fed president says no rush to cut rates; December inflation numbers revised lower.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. |
| 0:05.4 | Stocks were mixed on Friday. The Dowell fell more than a tenth of our percent, |
| 0:09.5 | but the S&P rose almost six tenths percent, and the NASDAQ gained 1 and 1 quarter percent. |
| 0:15.9 | Pepsico says its sales fell in the fourth quarter compared to the same time a year earlier. |
| 0:20.5 | The company says higher interest rates and lower savings have weighed on demand for its snacks and beverages. |
| 0:26.0 | Pepsico says it's been focusing on offering smaller pack sizes. It also increased prices. |
| 0:31.0 | The president of the Dallas Federal Reserve, |
| 0:34.0 | Lori Logan, says she doesn't see a need to rush interest rate cuts right now. |
| 0:38.0 | Logan says the Central Bank should wait until it's confident that inflation has come |
| 0:42.2 | down. |
| 0:43.0 | And consumer prices rose in December by less than the Labor Department originally thought. |
| 0:48.0 | That's according to revised numbers for the Consumer Price Index. |
| 0:51.0 | That said, year-on- year inflation data was unchanged. I'm Justin Ho with the |
| 0:56.7 | marketplace minute. You're going to. |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.