What's News in Markets: Steel Deal Pushback, FedEx Tumbles, China vs. Gamers
WSJ Your Money Briefing
The Wall Street Journal
3.8 • 1.6K Ratings
🗓️ 23 December 2023
⏱️ 5 minutes
🧾️ Download transcript
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| 0:29.6 | Hi there your money briefing listeners. I'm Charlie Grant for the Wall Street Journal |
| 0:35.9 | filling in for Francesca Fontana. I'm one of the markets reporters here at the journal, |
| 0:40.4 | keeping you up to date on the latest economic and corporate news that's |
| 0:43.8 | affecting stocks. We've heard you're eager for more markets coverage here so like |
| 0:48.0 | we've been doing each of the past few Saturdays. Today we'll be taking a look at the |
| 0:51.6 | biggest stock moves of the week and the news that drove them. |
| 0:54.8 | Take a listen, let us know what you think. |
| 0:58.8 | Let's start at the end. |
| 1:00.6 | The weekend with the news of the Federal Reserve seems to be winning its fight against inflation. |
| 1:05.0 | The Central Bank's preferred inflation measure, called the PCE Index, fell 0.1% in November from a month earlier. |
| 1:12.0 | The first drops it's all the way back in 2020. 4.1% in November from a month earlier. |
| 1:12.6 | The first drops it's all the way back in 2020. |
| 1:15.3 | Investors are betting inflation is finally going away, |
| 1:18.2 | and that report gave them some evidence to back it up. |
| 1:20.9 | Meanwhile, something happened to stocks this week that lately would be |
| 1:24.5 | considered very unusual. They went down. The S&P 500, Dow Jones Industrial |
| 1:30.4 | Average, NASDAQ composite, all fell by more than 1% on Wednesday, snapping an extended |
| 1:35.8 | bull run. Of course, markets have been on a terror lately even if Wednesday was a bit of a downer, |
... |
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