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WSJ Your Money Briefing

What’s News in Markets: Pixie Dust, BBQ Essentials, Uber Lyft-ed

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 11 May 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Can streaming bring some magic back to Disney? And why is Tyson looking for the beef? Plus, how did Lyft manage to beat Uber? 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

So how do we get AI right?

0:02.0

Well, we need the right volume of data, the software to train it, and massive compute power, or...

0:10.0

Another one buys the dust.

0:12.0

Are you ready?

0:13.0

Are you ready for this?

0:14.0

Are you hanging on the edge of your seat?

0:16.0

But with HE Green Lake, we get access to supercomputing to power AI at the scale we need,

0:21.0

helping generate better insights.

0:22.6

All right.

0:25.4

Nice teamwork guys.

0:26.9

Search HPE Green Lake.

0:29.2

Hey listeners, it's Saturday, May 11th.

0:36.0

I'm Francesca Fontana for the Wall Street Journal, and this is What's News and Markets.

0:40.0

Our look at the biggest stock moves of the week and the news that drove them.

0:44.0

Let's get to it.

0:45.0

I said it last month, April showers bring May flowers, and it seems like the stock market's April blues are fading away this month.

0:53.7

All three major indexes have been rising so far this month, reversing last month's declines,

0:58.6

as Wall Street regained some confidence that the Fed will start cutting interest rates this year.

1:03.9

Not only is that optimism coming from some economic data we got this week, like signs of a

1:08.2

cooling labor market from Thursday's Labor Department report, it's also coming from a strong earning season

1:14.1

where investors have been seeing some healthy corporate profits. And so the three

1:18.5

major indexes all closed higher this week. Speaking of earning season, Disney's results came in this week and its performance

...

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