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WSJ What’s News

What’s News in Markets: Ice Cream Spin-Off, Paramount Bid, Surprise Delivery

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 23 March 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Why did Unilever lose its taste for ice cream? And how much does Apollo want Paramount? Plus, did FedEx manage to deliver for investors? 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

Support for this show comes from SoFi Invest.

0:03.0

Alternative investments are now available on SoFi.

0:06.0

Unlocked the potential to build and protect your wealth,

0:09.0

with all its including real estate, venture capital, pre-IPO Unicorns, and more at sofi.com slash W-SJ.

0:16.4

Active investing products offered through sofi securities LLC member Finra-SIPC.

0:21.8

Alternative funds have unique risks including the risk of loss, may charge high fees, can be a liquid,

0:26.9

and may not be suitable for all investors.

0:29.3

Prior to investing in any fund, carefully consider the investment objectives risks charges

0:33.7

expenses and important information contained in a fund's

0:36.6

prospectus.

0:37.6

Hey listeners it's Saturday, March 23rd.

0:44.0

I'm Francesca Fontana for the Wall Street Journal,

0:46.5

and this is What's News and Markets?

0:48.2

Our look at the biggest stock moves of the week

0:50.3

and the news that drove them.

0:51.7

Let's get to it.

0:53.0

Welcome back everybody. Let's start off with a number of the day today, not to totally

0:58.4

steal from Sesame Street, which is precisely what I'm doing. The number of the day today is three. That is how many

1:04.8

interest rate cuts the Fed is expecting in 2024 as we heard on Wednesday.

1:09.2

Drone Powell and Co reaffirmed their outlook of three rate cuts so it didn't change but some

1:14.7

investors were expecting the Fed to dial back their forecasts so the market got in a

1:19.5

good rally as a result all three of the major US stock indexes hit new records on Wednesday

...

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