Regional Bank Shares Fall, Ahead of Fed’s Expected Rate Hike

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 2 May 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

P.M. Edition for May 2. Shares of regional banks fell sharply on Tuesday. The declines come after First Republic struck a deal to sell the bulk of its operations to JPMorgan Chase and before an expected rate-hike decision from the Federal Reserve. Plus, WSJ economics reporter Harriet Torry discusses President Biden’s record on the economy, as he launches his re-election bid. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This podcast is supported by Emerson.
0:02.8	From technology that delivers cures at warp speed,
0:05.6	to software that makes clean energy reliable,
0:08.0	Emerson Innovation helps make the world healthier,
0:10.6	safer, smarter, and more sustainable.
0:13.2	Emerson, go boldly.
0:16.2	Music
0:21.0	Regional bank shares fall ahead of an expected rate increase
0:24.2	by the Federal Reserve,
0:25.6	and as he seeks re-election,
0:27.4	what's President Biden's record on the economy?
0:29.6	It is very difficult to kind of pinpoint exactly
0:32.4	who gets the credit or the blame for all of these things.
0:35.0	And I think for a lot of voters,
0:36.4	there are different factors that they're considering.
0:38.6	Plus, activist investors go head to head.
0:41.6	It's Tuesday, May 2.
0:43.0	I'm Ann Marie for Tolly for the Wall Street Journal.
0:45.6	This is the PM edition of What's News,
0:47.8	the top headlines and business stories
0:49.8	that moved the world today.
0:51.8	Music
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.