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WSJ What’s News

Powell Says More Rate Cuts Coming, but No Need to Rush

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 30 September 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Sept. 30. Fed Chair Jerome Powell said today that interest rate cuts can sustain a soft landing. And WSJ reporter Paul Berger on how a possible dockworker strike threatens to rattle the American economy five weeks ahead of the presidential election. Plus, Jeep owner Stellantis warns of a deteriorating global car market. The Journal’s Stephen Wilmot explains the automaker’s challenges. 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

What's 2FA security on Krakan?

0:04.0

Let's say I'm captaining my football team and we're up by a goal against, I don't know,

0:07.8

rover and rovers.

0:08.8

Do we relax?

0:10.0

No way.

0:11.0

Time to create an extra line of defense and protect that lead.

0:15.0

That's like 2FA on Krakan, a sure-fire way to keep what you already have safe and sound.

0:19.9

Go to Krakan.com and see what crypto can be.

0:23.2

Don't invest unless you're prepared to lose all the money you invest.

0:25.8

This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:31.3

Fed shared your role. Fed Chair Jerome Powell says more interest rate cuts are on the horizon, but he sees no need to rush.

0:41.0

And starting tonight, dock workers might walk off the job closing ports across the East Coast.

0:47.0

There are very few unionized workers in the U.S. today that hold such a tight grip on the US economy.

0:53.0

Plus wide Jeep owner Stilantis is warning of a deteriorating global car market.

0:58.0

It's Monday, September 30th, I'm Tracy Hunt for the Wall Street Journal. This is a PM edition of What's News, the top

1:05.9

headlines and business stories that move the world today.

1:11.1

Let's start with an update on Hurricane Helene. The death toll from the storm

1:14.8

continues to rise as rescuer scrambled to reach isolated communities. So far

1:19.8

more than a hundred people across six states in the southeastern US have been killed. Homes and other

1:25.5

buildings were washed away and key infrastructure failed. Many roads remained closed and

1:31.0

cell phone service was Spottie.

1:33.0

A spokesman for Henderson County, North Carolina said, quote,

...

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