Recession Worries Send Markets Plummeting

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 6 August 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stock markets all over the world tumbled on Monday, the third straight day of declines after a consequential U.S. jobs report last week showed unemployment up to 4.3 percent in July. It’s stoking fears of a steep economic downturn, as worried economists have now seen a historically accurate indicator for a coming recession. Brian Brenberg, co-anchor of "The Big Money Show" on FOX Business, joins the Rundown to explain why the Fed’s lack of action on a rate cut could tip the U.S. towards economic upheaval and where the fear among investors is coming from. Later, Bullseye American Ingenuity Fund portfolio manager Adam Johnson explains why these fears could be overblown, leading to fresh investment opportunities. It has been more than 23 years since the terror attacks of September 11th. Recently, some of those accused of plotting the attacks almost avoided the death penalty. However, it has been an emotional roller coaster for the families of the nearly 3000 victims as they witnessed a plea deal being offered and accepted on Wednesday, only to be revoked on Friday. Despite this, some victims' families supported the agreement, claiming that legal principles were being compromised. Brett Eagleson, president of 9/11 Justice, who lost his father on that day, shared his thoughts on the emotional turmoil that he and other families experienced in the last few days. He also discussed why he believes Saudi Arabia should take responsibility for their involvement in the attacks. Plus, commentary from FOX News Contributor and author of the new book "Fear Itself", Tammy Bruce. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:29.2	I'm Will Kane.
0:31.0	I'm Janice Dean.
0:32.0	I'm Greg Gutfeld and this is the Fox News rundown
0:35.8	Tuesday August 6th 2024 I'm Jessica Rosenthal a big market sell-off has the doubt closed down over a
0:46.0	thousand points was it a one-off based on recent jobs numbers or signs of
0:50.6	bigger losses to come job job loss can mean weaker consumers,
0:55.0	weaker consumers can mean less spending
0:57.0	and less spending means businesses aren't making money anymore.
1:00.0	And that's how you get into that recessionary effect. So how fast can the economy fall and that's just
1:09.2	an unknowable right now. I'm Dave Anthony. It was offered then revoked. A plea deal for 9-11 terror
1:18.3	suspects that one victim's advocate tells us would have been an injustice.
1:23.0	Because what it does is it takes 9-11 and it puts it in a cute little box and it puts a ribbon on it and it puts it on a shelf.
1:30.0	And the administration never has to deal with these uncomfortable topics again and they want it to go away.
1:37.0	And I'm Tammy Bruce. I've got the final word on the Fox News rundown. Monday morning, the Nikk dropped, then European markets opened sharply lower and then
1:50.4	the sell-off here in the US began.
1:53.1	Well, this is the worst jobs report the Biden-Harras White House has received since the
1:56.8	first year they took office in 2021.
	...

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