U.S. Stocks End Lower, After Fed’s Powell Signals Caution on Rate Cuts

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 5 February 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 5. U.S. stocks ended the day lower, on dashed hopes we would see rate cuts sooner rather than later. And a WSJ investigation reveals how hundreds of funeral homes have violated a fair practice rule, but kept their names shielded from the public. Medical science reporter Dominique Mosbergen explains. Plus, England’s King Charles III has been diagnosed with cancer. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	36,000. The number of businesses which have upgraded to the number one cloud financial system, Net Suite by Oracle.
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0:26.2	Absolutely free at Net Suite.com slash Wall Street. That's Net Suite.
0:31.5	com slash Wall Street.
0:34.0	U.S. stocks fall after Fed Chair Jerome Powell signals caution on rate cuts.
0:42.0	And how Drugmaker AbbVie kept sales. Powell signals caution on rate cuts.
0:42.8	And how drug maker AbbVie kept sales of Humira
0:45.7	from falling off a cliff.
0:47.3	We're talking about a drug that eventually
0:48.9	became the biggest best-selling drug of all time.
0:51.2	So that's what's at stake. And so you have a company
0:53.6	that's trying to do what it can to protect that massive blockbuster.
0:57.7	Plus how the names of funeral homes that ran afoul of a fair practices rule were shielded from the public.
1:04.0	It's Monday, February 5th.
1:06.0	I'm Anne Marie Fertulli for the Wall Street Journal.
1:08.0	This is the PM edition of What's News,
1:11.0	the top headlines and business stories that moved the world today.
1:18.6	U.S. stocks closed lower today on dashed hopes we'd see rate cuts sooner rather than later.
1:24.0	Speaking in a rare television appearance on CBS's 60 minutes last night,
1:28.0	Federal Reserve Chair Jerome Powell said the Central Bank has shifted its focus to deciding when to cut rates, but he said solid
	...

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