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WSJ Your Money Briefing

What's News in Markets: Airline Buyouts, GameStop’s Week, the Race for AI

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 9 December 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Which airlines turned from competitors to allies? And how did the poster child of meme stocks, GameStop, perform this week? Plus, how are Google and AMD heating up the AI race? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The new Samsung Galaxy Z-Flip 5 and Chromebook are better together.

0:07.0

Take hands-free selfies which automatically sync to your Chromebook, ready to edit, and access

0:11.5

recent chrome tabs across both devices.

0:14.0

The new Galaxy Z Flip5 and Chromebook, better together.

0:18.0

Available on Sky Mobile.

0:20.0

Bluetooth and internet connection required.

0:22.0

You must be signed into the same Google account on both your phone and Chromebook.

0:25.7

Hey your money briefing listeners, I'm Francesca Fontana for the Wall Street Journal.

0:35.0

Every week I write a column for the journal called The Score.

0:38.0

It's a look at the biggest stock moves of the week and the news that drove them.

0:41.0

We've heard that a lot of you can't get enough of our markets

0:43.5

coverage. So we're going to be trying something new and bringing you what's news and markets

0:47.6

each Saturday for the next few weeks. Take a listen and let us know what you think. This week we saw stocks take a bit of a breather after their big rally in November,

1:00.0

but they didn't stall for too long.

1:02.0

On Thursday, they continued their climb,

1:03.6

thanks to the big tech stocks that have powered the market throughout much of 2023.

1:07.6

Specifically, the news around the AI arms race. Don't worry, we'll get to that a little later.

1:13.0

First, I want to talk about airlines.

1:17.0

Another new partnership is taking flight.

1:20.0

Last Sunday, Alaska Air reached a deal to pay about $1 billion to buy rival Hawaiian Airlines.

1:26.0

These names probably ring a bell, especially for any frequent flyers in the Western half of the U.S.

1:31.9

And these two, Alaska and Hawaiian,

...

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