What’s News in Markets: Novo Tumbles, Meta Soars, Apple Sells

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 2 August 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is Novo Nordisk losing its lead in the weight-loss market? And what caused Meta’s shares to jump? Plus, why did shoppers rush to buy Apple’s iPhones? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Race the rudder, raise the sails, raise the sales!
0:05.0	Captain, an unidentified ship approaching. Over.
0:07.0	Roger that. Wait, is that an enterprise sales solution?
0:13.0	Reach sales professionals, not professional sailors.
0:17.0	With LinkedIn ads, you can target the right people by industry, job title, and more.
0:21.4	To get £100 off your first campaign, go to LinkedIn.com slash lead to claim your credit.
0:26.6	That's LinkedIn.com slash lead. Terms and conditions apply.
0:30.1	Hey listeners, your money briefing is on a break, but we'll be back with more personal finance information for you in the future.
0:37.0	Until then,
0:37.9	here's the news moving markets this week.
0:42.9	Hey listeners, it's Saturday, August 2nd. I'm Francesca Fontana for the Wall Street Journal,
0:49.0	and this is What's News and Market? Our look at the biggest stock moves of the week and the news
0:53.8	that drove them.
0:55.2	Let's get to it. It's August, so you know what that means. It's tariff update time. So,
1:01.6	as we know, Friday, August 1st was the big day as far as the deadline for imposing levies,
1:07.6	which, as President Donald Trump said this week, will go into effect on August 7th.
1:12.6	Separately, Trump said he hiked tariffs on Canada to 35% effective August 1st.
1:18.6	Investors also had a weak jobs report to digest on Friday, with investors ramping up bets
1:24.6	that the Federal Reserve will now be more inclined to cut rates to support the economy.
1:29.9	On a weekly basis, the Dow ended up losing 2.9%, which was its worst week since early April,
1:36.5	when Trump laid out his Liberation Day tariffs.
1:40.4	The S&P 500 fell 2.4%.
	...

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