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WSJ What’s News

Stock Markets Fall After U.S. Jobs Report Leaves Investors Guessing

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 6 September 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Sept. 6. The U.S. economy added 142,000 jobs. Wall Street Journal reporter David Uberti says this doesn’t resolve how much the Fed might cut interest rates at its next meeting. And the U.S. says Iran has sent ballistic missiles to Russia despite stern warnings from the West not to. Plus, Donald Trump’s sentencing in his hush money trial has been postponed until after the election. 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

Innovation is not for the faint of heart. It's a process honed layer by layer until every speck of powder binds together to form the never been seen before.

0:09.0

That's the power that Calibrium additive can bring to your business.

0:15.0

The US says Iran has been sending ballistic missiles to Russia.

0:20.0

And US stocks post steep weekly losses after a mixed jobs report.

0:24.8

This is one of the most hotly anticipated jobs reports in recent memory and people were really looking for direction from this data.

0:33.2

And truth be told, they didn't really get any.

0:35.7

Plus, abortion is a big issue in Arizona.

0:38.7

How would that affect the presidential election?

0:41.3

It's Friday, September 6th. I'm Tracy Hunt for the Wall Street Journal.

0:45.0

This is the PM edition of What's News, the top headlines and business stories that move the world today.

0:51.0

U.S. and European officials said today that Iran has sent short-range ballistic missiles

0:56.8

to Russia despite stern warnings not to do so.

1:01.0

The missiles give Moscow another potent military tool in its war against Ukraine.

1:06.6

Russia has stepped up its missile attacks on Ukrainian cities and infrastructure, killing dozens

1:11.2

of civilians in recent days.

1:13.0

The National Security Council hasn't responded to an immediate request for comment.

1:17.0

There was also no immediate comment from the Iranian Mission to the United Nations in New York

1:22.0

or the Russian Embassy in Washington.

1:24.7

Today's job report has been the most anticipated jobs report in a really long time.

1:33.0

It showed that job growth in the US rebounded in August with 142,000 jobs added to the economy.

1:40.0

Last month's unemployment rate also takes it lower to 4.2%.

1:45.0

Now we wait and see what the Federal Reserve will do with these numbers as it contemplates a series of rate cuts when it meets later this month.

...

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