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WSJ Your Money Briefing

What’s News in Markets: Lyft's Typo, JetBlue Activist, Robinhood Soars

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 17 February 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

How did Lyft's stock respond to a typo in the company's earnings report? And what does an activist investor have planned for JetBlue? Plus, is Robinhood out of the woods? 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

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0:29.0

Hey your money briefing listeners, it's Saturday, February 17th. I'm Francesca Fontana for the Wall Street Journal, and this is What's News and Markets?

0:33.6

Our look at the biggest stock moves of the week

0:36.0

and the news that drove them.

0:37.6

Let's get to it.

0:39.2

So far this year, I feel like I have used the words

0:41.9

stocks rallying and hitting new records so many times.

0:46.0

But this week the market actually gave us a change of pace.

0:49.0

We saw a sell-off early in the week after the January inflation report, aka Consumer Price Index, came

0:55.4

in hotter than expected.

0:57.2

That report put a damper on the optimism for interest rate cuts that's been helping

1:00.9

push stocks higher. But index indexes rebounded and by Thursday the S&P 500 was back to hitting record highs.

1:08.0

See, here I go again, all these records.

1:10.0

Now, let's talk about lift. Like we told you earlier this week, lift had a real

1:15.9

banner day on Wednesday in part thanks to a typo. Specifically an extra zero

1:20.8

that was accidentally tacked on to a profitability metric,

1:24.0

making it seem much better than it actually was.

1:27.0

Lyft posted the results on Tuesday,

...

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