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WSJ What’s News

The Magnificent Seven Stocks Bring Market Misery

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 24 July 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

P.M. Edition for July 24. The Magnificent Seven looked more like the Miserable Seven, as the exclusive group of tech stocks dragged down the U.S. market. Markets reporter David Uberti explains what is behind the sell-off. And what could a Kamala Harris presidency mean for the U.S. economy? Tax policy reporter Richard Rubin has more. Plus, Israeli Prime Minister Benjamin Netanyahu tackles a tricky balancing act: appealing to Democrats without alienating Donald Trump. National security reporter Lara Seligman discusses his appearance before Congress. Francesca Fontana 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

I'm Scarlet Johanson. My family relied on public assistance to help provide meals for us.

0:04.6

These meals help fuel my love for acting. When people are fed, futures are nourished.

0:08.9

Join the movement to end hunger at Feeding America.org

0:11.9

slash Act Now. Brought to you by Feeding America.org slash Act Now.

0:13.0

Brought to you by Feeding America and the ad council.

0:15.0

Israel's Prime Minister addresses the U.S. Congress,

0:21.0

hoping he doesn't alienate both Democrats and Republicans.

0:25.3

And what would a possible Kamala Harris presidency mean for the economy?

0:29.5

We can expect, based on former aides that we've talked to for her to emphasize the things that she

0:34.6

cares about most. What we don't have to feel for is whether that's going to be a change in

0:39.0

policy or a change in emphasis. Plus, the Magnificent Seven looked more like the miserable Seven as the exclusive

0:45.8

group of tech stocks dragged down the U.S. market.

0:49.0

It's Wednesday July 24th.

0:50.7

I'm Francesca Fontana for the Wall Street Journal.

0:53.0

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

0:59.0

Israeli Prime Minister Benjamin Netanyahou

1:04.4

addressed a joint session of Congress earlier today in the middle of an

1:07.9

unprecedented shakeup in American politics and growing pressure on his

1:11.6

government to cut a ceasefire deal with Hamas.

1:14.0

My friends if you remember one thing one thing from the speech

1:19.0

remember this our enemies are your enemies. Our fight is your fight and our victory will be

1:27.4

your victory.

...

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