The White House Approach to the President’s Health? Being Tight-Lipped

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 11 July 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for July 11. An opaque picture of President Biden’s health has emerged since his disastrous debate performance last month. The Wall Street Journal’s Rebecca Ballhaus reports on the shifting accounts about Biden’s medical care and the president’s own refusal to undergo more testing. And U.S. inflation eased substantially in June, clearing a path for the Fed to cut rates by the end of the summer. Plus, everyday investors are pouring billions into low-rated corporate loans. Markets reporter Vicky Huang says there are risks involved. Pierre Bienaimé 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	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
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0:14.4	slash Wall Street.
0:17.0	Inflation cooled more than expected last month, giving the Fed more room for an interest rate cut.
0:25.0	And how the White House is keeping a tight lid over information on the President's health?
0:29.8	Since the debate, they have had to correct or clarify their statements on his health on a
0:34.9	number of occasions and have slowly trickled out some of this information in a way that
0:40.7	is just less sort of fulsome than what you would want to see after a performance like that.
0:45.0	Plus, why a corner of Wall Street, long shunned by investors, lower-rated corporate loans, is suddenly in demand.
0:52.0	It's Thursday July 11th. I'm Pierre Biename for the
0:54.8	Wall Street Journal. This is the PM edition of What's News, the top headlines and
0:58.9	business stories that moved the world today. U.S. inflation eased substantially in June,
1:07.0	extending a recent slowdown in price increases
1:10.0	and opening a path for the Federal Reserve
1:12.0	to cut rates by the end of the summer.
1:14.0	The Consumer Price Index fell slightly from May,
1:17.0	dropping the year-over-year inflation rate to 3%,
1:20.0	that's the lowest such figure since June 2023.
1:24.0	Meanwhile, core prices, which exclude volatile food and energy items,
1:28.0	rose 0.1% since May, the mildest increase since January 2021.
1:34.0	Marcus reporter Sam Goldfarb joins me now.
	...

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