What’s News in Markets: Southwest Soars, AI Divergence, Costco’s Markdown

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 28 September 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

What did investors make of changes to Southwest’s famous seating strategy? And why did two big AI tech-stock names go in opposite directions? Plus, why did Costco shares get a markdown? 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	Exchanges. The Goldman Sachs Podcast featuring exchanges on the forces driving the markets and the economy.
0:07.5	Exchanges between the leading minds at Goldman Sachs.
0:11.0	New episodes every week.
0:13.4	Listen now.
0:14.4	Hey listeners, it's Saturday, September 28th.
0:22.1	I'm Francesca Fontana for the Wall Street Journal,
0:24.7	and this is What's News and Markets.
0:26.7	Our look at the biggest stock moves of the week
0:28.8	and the news that drove them.
0:30.6	Let's get to it.
0:32.2	Last week's rate cut was a big breath of fresh air for markets, and the rally kept on going this week,
0:37.6	thanks in part to more economic good news.
0:40.6	We got strong readings from jobless claims and other data.
0:44.0	Plus on Friday we got the latest from the Fed's favorite inflation gauge,
0:48.0	the Personal Consumption Expenditures Price Index, or PCE.
0:52.0	And that came in lower than expected. Plus this week China's
0:55.8	Central Bank unveiled a bunch of stimulus measures including a rate cut of its own.
1:00.4	As a result Chinese stocks had a total banner week and we saw the ripple effects across global markets.
1:06.7	European companies that make luxury goods, which have been suffering from weaker Chinese sales,
1:11.6	their shares got a boost, commodity prices got a lift, and so did
1:15.2	US listed shares of Chinese companies.
1:17.6	All in all, all three indexes ended higher on a weekly basis.
	...

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