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

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 23 March 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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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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0:15.5	slash Wall Street.
0:16.8	Hey listeners, it's Saturday, March 23rd.
0:23.0	I'm Francesca Fontana for the Wall Street Journal,
0:25.5	and this is What's News and Markets?
0:27.2	Our look at the biggest stock moves up the week
0:29.3	and the news that drove them.
0:30.7	Let's get to it.
0:32.3	Welcome back, everybody. Let's get to it. Welcome back everybody.
0:34.0	Let's start off with a number of the day today, not to totally steal from Sesame Street,
0:38.9	which is precisely what I'm doing.
0:40.6	The number of the day today is three. That is how many interest rate cuts the
0:44.9	Fed is expecting in 2024, as we heard on Wednesday. Drone Powell and Co reaffirmed
0:50.1	their outlook of three rate cuts, it didn't change but some investors were
0:54.4	expecting the Fed to dial back their forecasts so the market got in a good rally
0:59.0	as a result all three of the major US stock indexes hit new records on Wednesday, and then they did it again
1:05.2	on Thursday.
1:06.2	Before this week, the last time they hit simultaneous records was way back in November
1:10.6	2021, which was before the Fed started raising rates.
1:14.0	And because the pandemic has had an enduring effect on my ability to
	...

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