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WSJ What’s News

What Has Israel Gained by Attacking Hezbollah?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 19 September 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Sept. 19. The attacks using booby-trapped Hezbollah devices was a tactical win for Israel. National security and foreign policy correspondent Michael Gordon discusses whether it was a strategic one as well. And U.S. home sales were down in August. The Journal’s Nicole Friedman talks about why lower mortgage rates can’t offset rising home prices. Plus, WSJ reporter Will Parker explains how property investors capitalize on the American Sunbelt’s manufacturing boom. Tracie Hunte 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

At Barclays, we're here for the land of football.

0:06.4

We're here for the Premier League,

0:09.0

and the Barclays Women's Super League.

0:12.1

We're here for the football chance for giving more girls a chance. We're

0:18.0

here for the grassroots and all the muddy boots. From schools to stadiums, we're here for it all.

0:25.0

Barclay's here for the land of football.

0:30.0

Israel launches airstrikes against Hezbollah in Lebanon, but what has it gained with its latest attacks?

0:39.0

The first thing one has to say is that the pager attack from a tactical standpoint was a stunning

0:44.8

achievement. The big question is whether this is an enduring gain and what the

0:49.8

strategic significance is. And why U.S. home sales are down in August, despite lower mortgage rates.

0:56.8

Plus, real estate investors take advantage of the manufacturing boom in the American Sunbelt. It's Thursday September 19. I'm Tracy Hunt for the

1:06.0

Wall Street Journal. This is a PM edition of What's News, the top headlines and business

1:11.1

stories that move the world today.

1:15.0

Let's start with the U.S. markets.

1:18.0

The Federal Reserve's big rate cut yesterday sparked a furious global rally in stocks today. Traders bid up technology shares and other risky

1:26.3

assets and a bet that lower borrowing costs will help keep unemployment low without

1:31.3

reigniting inflation.

1:33.2

The tech dominated Nasdaq composite led the way climbing 2.5%.

1:37.7

The S&P 500 added about 2%, and the Dow Jones industrial average gained about 1.3%.

1:45.0

U.S. home sales aren't going up even though mortgage rates are falling.

1:50.0

The National Association of Realtors said today that sales have previously owned homes in August fell 2.5 percent from the prior month to a seasonally adjusted annual rate of 3.86 million. That's the fifth time sales have declined over the

2:05.8

past six months. Freddie Mac says that since the spring, mortgage rates have

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