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🗓️ 20 July 2024
⏱️ 6 minutes
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0:00.0 | Claude by Anthropic is generative AI for everyone. |
0:03.5 | Claude 3.5 sonnet offers groundbreaking intelligence at a price point that works for heavy duty tasks. |
0:09.5 | Join thousands of enterprises using Anthropic to stay at the frontier of AI. |
0:15.0 | Learn more at Anthropic.com slash Claude. |
0:18.0 | Hey listeners, it's Saturday, July 20th. I'm Francesca Fontana for the Wall Street Journal, |
0:29.2 | and this is What's News and Markets. Our look at the biggest stock moves of the week and the news that drove them. |
0:34.9 | Let's get to it. It was a pretty wild week for the stock market and there was certainly |
0:40.2 | no shortage of things for investors to digest. |
0:43.4 | There was the resurgence of the so-called Trump trade |
0:46.6 | Monday after the attempted assassination of the former president. |
0:50.0 | More on that in a bit. |
0:51.6 | We also got more earnings from Wall Street Giants like |
0:54.3 | Goldman Sachs that pushed bank stocks higher, some comments from Fed Chair |
0:58.8 | Jerome Powell that didn't give us much more clarity on rate cuts, and a retreat of big tech stocks. Plus we ended |
1:06.6 | the week with a giant global tech outage. All in all the major indexes ended the week |
1:11.5 | mixed with the Dow Jones industrial average being the only one to notch a weekly gain, adding almost 1%. Let's go back to the Trump trade, aka the moves that investors make as they weigh |
1:28.7 | the odds of a Trump victory in November. On Monday, which was the first trading session after the attempted |
1:34.4 | assassination of Donald Trump, we saw a big leap in DJT. Yes, those are Trump's |
1:40.0 | initials and yes that's also the ticker for Trump media and technology the parent |
1:44.7 | company of his social media platform truth social. The stock moved higher |
1:48.8 | Monday as did bets on Trump to win the White House on predict it, an online marketplace that lets |
1:54.4 | people bet on political events. |
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