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Marketplace All-in-One

U.S. economic outlook improves

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 26 February 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

Major stock indexes head down after hitting records last week; Kroger’s takeover of Albertsons hits an antitrust obstacle; The World Trade Organization may OK taxation of streaming content.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Marketplace Minute, I'm Mitchell Hartman.

0:04.0

A retreat for stocks to start the week on Wall Street,

0:07.0

the Dow fell more than a tenth of a percent,

0:10.0

the S&P 500 fell about four tenths percent percent and the NASDAQ dropped just over a tenth of a percent.

0:16.5

We got an upbeat outlook for economic growth today from the National Association for Business Economics.

0:23.0

The group predicts GDP will rise at a 2.2% annual rate in 2024,

0:28.9

and the job market will remain strong,

0:31.2

while inflation will fall to just above the Fed's target of 2%.

0:36.1

The Federal Trade Commission sued in federal court today to block Kroger's 25 billion dollar

0:41.4

take-over bid for rival grocery chain Albertsons. The FTC claims the

0:46.6

merger will lead to higher food prices and lower worker wages. And the World Trade

0:51.9

Organization may allow countries to tax streaming digital content, including

0:56.5

video games, music, film, and TV shows.

0:59.6

Up till now, cross-border taxes have been banned.

1:02.8

I'm Mitchell Hartman with the Marketplace Minute.

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