What’s News in Markets: Banks’ Inflation, Amazon AI, Boeing Again

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 13 April 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How is inflation becoming a thorn in the side of U.S. banks, despite many reporting big earnings? And will AI turn into Amazon’s “fourth pillar” along with its Marketplace, Prime and Web Services businesses? Plus, is there an end in sight for Boeing’s troubles? 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

Click on a timestamp to play from that location

0:00.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:07.0	Do more and spend less like Uber 8 by 8 and DataBrix Mosaic.
0:12.0	Take a free test drive of OCI at Oracle.com
0:15.5	slash Wall Street.
0:17.1	Hey listeners, it's Saturday, April 13th.
0:20.9	I'm Francesca Fontana for the Wall Street Journal and this is
0:23.6	what's news and markets. Our look at the biggest stock moves of the week and
0:27.1	the news that drove them. Let's get to it. I'm going to sound like a broken
0:31.2	record but this week was all about inflation.
0:34.0	I know right when is it not about inflation?
0:36.6	Investors are trying to gauge if slash when the Fed might cut interest rates this year
0:40.8	so the indicator they were all watching was Wednesday's
0:43.4	CPI report, Consumer Price Index, which basically measures inflation. The
0:48.0	CPI rose more than expected in March, which disappointed investors. The prospect of rate cuts on the horizon has been
0:54.4	fueling a lot of the recent rallying stocks and now optimism is fading fast.
0:58.6	All in all the three major stock indexes ended with weekly losses.
1:06.7	Speaking of interest rates,
1:08.4	they were a big part of big bank earnings
1:10.6	that came out on Friday.
1:12.2	Wall Street Giants like JP Morgan Chase kick off each. bank earnings
1:15.0	earnings that came out on Friday. Wall Street giants like J.P.
1:17.0	if you're new to the rhythm of earnings season.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.