US Steel shares plunge; America’s disappointing jobs data, and more
The World in Brief from The Economist
The Economist
4.1 • 1.2K Ratings
🗓️ 5 September 2024
⏱️ 6 minutes
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| 0:00.0 | The Economist. |
| 0:04.3 | Hello, you're listening to the free edition of the world in brief from The |
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| 0:25.5 | or visit our Espresso app to start listening. |
| 0:28.6 | Here's today's free edition. This is the World in Brief from The Economist. |
| 0:37.0 | Our top stories. The share price of US Steel fell by more than 17% |
| 0:51.0 | after reports emerged that President Joe Biden was preparing to block the steelmakers |
| 0:56.0 | takeover by Nippon Steel, a Japanese firm. |
| 1:00.3 | The White House said that it had not yet received a recommendation from America's inbound investment watchdog, |
| 1:06.8 | which for months has been reviewing the $15 billion deal. |
| 1:11.2 | Mr Biden and Comler Harris, the Vice President, have said the firm should remain American owned. |
| 1:18.3 | U.S. Steel warned that the deal's collapse would cost jobs and raise serious questions about whether the firm |
| 1:25.0 | would stay headquartered in Pittsburgh, Pennsylvania. |
| 1:30.0 | Job openings in America unexpectedly fell to their lowest level since January 2021. |
| 1:37.0 | There were 7.7 million vacancies in July, down from 7.9 million in June. |
| 1:43.0 | Layoffs also rose slightly. |
| 1:45.0 | The Department of Labor's new figures |
| 1:48.0 | increased pressure on the Federal Reserve |
| 1:50.0 | to cut interest rates in September after lower than expected payroll figures for July |
| 1:56.8 | suggested that the economy was slowing. |
| 1:59.6 | A long-awaited report said the Grenfell Tower Fire in London that killed 72 people in 2017 was a result of, quote, decades of failure. |
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