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WSJ What’s News

What’s News in Markets: Weak Coffee, Advantage Lost, AI Push

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 4 May 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Why did Starbucks’ latest earnings leave a bitter taste for some investors? And how did healthcare turn unhealthy for CVS? Plus, how did artificial intelligence boost Amazon and Apple? 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

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0:03.0

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0:08.9

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0:18.7

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0:20.4

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0:25.0

Take a free test drive at oracle.com slash Spotify.

0:29.0

Hey listeners, it's Saturday, May 4th and May the 4th be with you. I'm

0:38.0

Francesca Fontana for the Wall Street Journal and this is what's news and

0:41.7

markets. Our look at the biggest stock moves of the week and the news that drove them.

0:46.0

Let's get to it.

0:47.0

May is here, everybody, and good riddens to April, right?

0:51.0

I mean, after a stellar first quarter for the stock market, April was the

0:54.8

worst month of the year so far for the major indexes, with all three posting monthly losses.

1:00.1

But we've got a new month, full possibility and plenty of room for optimism, like say for interest

1:06.4

rate cuts.

1:07.4

Investors were holding their breath for the Fed's policy announcement Wednesday,

1:11.1

aka Fed Day, when Jerome Powell indicated that the bar to cut

1:15.0

interest rates has gone up, and rates remained unchanged. It was a relief for those dreading

1:20.1

a possible hike, but still no sign of when cuts might start.

1:24.0

Still, the three major indexes managed to end the week higher.

1:29.4

To you coffee drinkers listening, please grab a cup. We're talking about Starbucks.

...

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