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WSJ Your Money Briefing

What's News in Markets: Airline Turmoil, Bank Earnings, Chips’ Strength

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 20 January 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Why are some airlines facing turbulence? And which similar banks had very different quarterly results? Plus, why did chip makers lead tech stocks higher? Host Charley Grant 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

Is your bank at home in three markets or 53?

0:05.0

With on-the-ground specialists in over 50 markets,

0:09.0

HSBC UK has been voted the leading bank for trade for the last seven years so let us help

0:14.5

you navigate international business like a local search H.S.C. International

0:19.4

Bank to find out more. H.S.B.C. UK, opening up a world of opportunity.

0:24.5

Voted the UK's Best Trade Finance Bank for seven consecutive years by Euromoney UK Trade Finance

0:29.1

Survey 2023.

0:30.3

Pay your money briefing listeners. I'm Charlie Grant filling in for

0:37.1

Francesca Fontana for the Wall Street Journal. I'm one of the market supporters

0:41.2

here at the journal keeping you up to date on the latest economic

0:44.2

and corporate news that's affecting stocks.

0:47.2

Last month we ran a little experiment bringing you what's news and markets each weekend and

0:51.6

the response we got was so overwhelmingly positive

0:54.1

that we're gonna make it a regular fixture in the YMB feed every Saturday

0:58.6

morning. We are so excited to be joining you each week so let's get right to it.

1:03.0

This week it looks like markets have left the Everything Rally in 2023.

1:14.4

There were hopes that strength could extend into the new year, along with the fresh optimism

1:18.5

for interest rate cuts by the Federal Reserve.

1:21.2

But this shortened trading week started off worse for stocks, as investors scaled back

1:25.2

hopes for rapid rate cuts thanks to strong economic data and cautious comments from

1:29.5

Fed officials. But things picked up later in the week led higher by chipmakers like

1:33.7

NVIDIA and AMD and we'll come back to what drove those games in just a little bit.

...

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