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WSJ Your Money Briefing

What’s News in Markets: Tech Layoffs, Gaza and McDonald’s, Disney Deals

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 10 February 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Why is DocuSign tightening its belt? And what connects McDonald’s with the war in Gaza? Plus, what’s driving Disney’s growth? 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

This Podcast is brought to you by Alex Partners.

0:03.0

Read the results of the fifth annual Alex Partners Disruption. Hey your money briefing listeners, I'm Francesca Fontana for the Wall Street Journal.

0:19.0

Every week I write a column for the journal called The Score.

0:22.0

It's a look at the biggest stock moves of the week

0:24.4

and the news that drove them.

0:25.8

And now, every Saturday, we're bringing you

0:27.9

what's news and markets.

0:29.2

Let's get to it.

0:30.3

U.S. stocks were rallying this week,

0:32.2

with major indexes hitting record after record.

0:35.0

Most notably, the S&P 500 had another record performance and closed on Friday above 5,000 for the first time.

0:41.0

And speaking of records on Friday

0:43.4

Microsoft became the most valuable company ever

0:46.7

surpassing Apple's 3.09 trillion dollar market cap. Very exciting

0:51.7

Right now stocks are being propelled by strong earnings, a resilient

0:55.1

economy, and cooler inflation. So the question and ask now is, how much further can it go?

1:00.8

Let's talk about Docusign. That's the e-sign

1:05.0

signature company that some of you might have used to sign documents online and

1:08.5

it's also the latest to join the wave of tech companies announcing layoff

1:12.3

since the new year.

1:13.6

DocuSign said it would cut about 6% of its workforce or 400 jobs

1:18.1

as it tries to bring down costs and reverse its struggling stock price.

...

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