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WSJ Your Money Briefing

What’s News in Markets: Tesla Sales, Drinks Warning, Steel Block

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 4 January 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Why did Tesla hit record sales last quarter but still see vehicle deliveries decline for the year? And how did the U.S. surgeon general’s call for cancer warnings on alcoholic drinks affect beverage stocks? Plus, what’s next for U.S. Steel after President Biden blocked its sale to Nippon Steel? 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

This Sunday, old rivals go head to head as Liverpool take on Manchester United at Anfield.

0:07.4

Can you believe it?

0:09.2

And you can stream it live on Sky Sports, available with no contract on now.

0:14.9

Absolutely brilliant.

0:16.8

Stream Liverpool versus Manchester United, live this Sunday from 4.30 p.m. head to nowTV.com.

0:25.9

18 plus sky sports content streamed via internet. Full turns apply.

0:32.9

Hey listeners. It's Saturday, January 4th. I'm Francesca Fontana for the Wall Street Journal,

0:38.9

and this is What's News and Markets, our look at the biggest stock moves of the week and the news

0:43.4

that drove them. Let's get to it. Hey, everybody, happy new year. Hope each of you had a good

0:49.3

end to your 2024 and that your 2025 is off to a good start.

1:00.1

2024 was a great year for the stock market, capping at the best two-year period in a quarter century.

1:02.8

But the new year started off pretty gloomy.

1:08.3

We saw the indexes go on a losing streak this week as we wrapped up December and kicked off January.

1:11.5

Investors are warning that valuations are high and they're adjusting their expectations for the Federal Reserve this year. Namely, it seems that the Fed is

1:16.4

growing more reluctant to cut interest rates as the U.S. economy remains on solid footing. But

1:22.0

things seem to turn around on Friday, thanks to good old tech and chip stocks. The Dow snapped its four trading day losing streak, remember no trading on New Year's Day,

1:32.4

adding about 0.8%. The SMP 500 rose more than 1%, and the NASDAQ gained almost 2%,

1:39.2

with those two snapping five trading day losing streaks. On a weekly basis, the Dow fell 0.6%, while the S&P and

1:47.1

NASDAQ each fell about half a percent.

1:58.1

Tesla, the Elon Musk-led electric carmaker, said that its annual vehicle deliveries fell in

2:04.4

2024 for the first time in more than a decade. Despite selling a record number of cars

2:09.6

in the fourth quarter, the company still fell short of the some 500,000 cars it needed to sell

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