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WSJ What’s News

Wall Street Eyes the $8.8 Trillion Invested in Money-Market Funds

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 18 January 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

P.M. Edition for Jan. 18. Investors poured trillions of dollars into money-market funds and other cash-like investments during the Federal Reserve’s rate-hike campaign. Now, Wall Street’s hoping they move it into stocks and bonds. Markets reporter Eric Wallerstein explains. And drugmakers have already raised prices for hundreds of drugs, in the U.S. including blockbusters Ozempic and Mounjaro. Reporter Jennifer Calfas has more. Plus, the Justice Department details “cascading failures” in the response to the 2022 mass shooting in Uvalde, Texas. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:05.0

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0:09.0

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0:24.5

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0:29.1

Survey 2023. three.

0:35.0

Drugmakers have raised prices on hundreds of drugs, including Ozempick and Mount Jaro.

0:40.0

And Wall Street's hoping investors move cash from money markets to stocks.

0:45.0

A lot of investors and a lot of Wall Street saying like, hey, look at all this cash on the

0:49.1

sideline. Once raids comes down, that cash is going to enter the market and kind of prop it up, drive that next leg higher.

0:56.0

Plus, Macy's announces job cuts and store closures.

1:00.0

It's Thursday January 18th.

1:02.0

I'm Anne-Marie Fertoli for the Wall Street Journal.

1:04.3

This is the PM edition of What's News,

1:06.4

the top headlines and business stories that moved the world today. A blistering federal report on the mass shooting in Uvaldi Texas details a series of

1:20.8

cascading failures during the 2022 massacre and its aftermath.

1:25.8

The Justice Department's report released today found every aspect of law enforcement's response

1:30.6

to the incident was disorganized, chaotic, and ultimately marked by failure. the

1:35.0

response to the incident was disorganized, chaotic, and ultimately marked by failure. The nearly 600-page report represents the fullest accounting to date of the response to the shooting

1:40.0

where a gunman killed 19 fourth graders and two teachers,

1:44.0

while hundreds of law enforcement officers failed to intervene.

...

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