The Dow Jones Industrial Average is making a change

Marketplace All-in-One

Marketplace

Business, News

4.5 • 1.4K Ratings

🗓️ 21 February 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Monday, Amazon will join the index, while Walgreens will exit; new federal rules aim to tighten cybersecurity at U.S. ports; the European Union issues 13th round of Russia sanctions; natural gas giant Chesapeake Energy to reduce output.

Transcript

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0:00.0	Amazon is in, Walgreens is out. The Dow Jones Industrial Average is making a change.
0:06.2	I'm Novusafo with the Marketplace Minute.
0:09.0	The index of 30 stocks is meant to show how big companies are doing on the market.
0:13.8	On Monday Amazon becomes a member of the Rarified Group.
0:16.8	It replaces Walgreens, which has the lowest share price among Dow industrial companies.
0:21.2	The White House has unveiled new regulations to protect digital systems at the nation's
0:25.9	ports which handle things such as ship navigation, cargo tracking, and security.
0:30.9	The rules are part of the Biden administration's effort to better protect critical infrastructure from cyber attacks.
0:36.0	The European Union issued its 13th round of sanctions on Russia today for its invasion of Ukraine.
0:42.0	Nearly 200 entities and individuals are targeted
0:45.1	including people who are said to have helped kidnap Ukrainian children.
0:48.9	A major U.S. natural gas producer, Chesapeake Energy, plans to cut output this year by about a third.
0:54.5	Natural gas prices have fallen because of a mild winter, but Chesapeake's news did send prices
0:59.6	higher.
1:00.6	I'm Novisapoo with a marketplace minute.

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