Why Americans Aren’t Buying the Economic Hype

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 9 February 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Feb. 9. A range of measures show the U.S. economy is on the upswing amid brisk consumer spending, tempering inflation and low unemployment. However, WSJ editor Aaron Zitner explains that many Americans feel a deep sense of financial pessimism that is confounding economists, investors and business owners. Plus, President Biden rejects suggestions that his memory is fading. And OpenAI founder Sam Altman seeks trillions of dollars to reshape the business of chips and AI. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	36,000. The number of businesses which have upgraded to the number one cloud financial system, Net Suite by Oracle.
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0:30.0	That's Net Suite.com slash Wall Street.
0:34.0	President Biden rejects suggestions in a special counsel report that his memory is fading.
0:43.0	Plus, Russia's Vladimir Putin signals his openness to a prisoner exchange
0:48.0	that could lead to the release of journal reporter Evan Gerschkovich.
0:52.0	And we'll dive into the mismatch between U.S. economic data
0:56.0	and how people feel about the economy.
0:59.0	What we got from our interviews was something adjacent to pessimism,
1:02.0	and that is fragility, uncertainty, a sense that the world
1:05.4	has become much more unpredictable.
1:07.8	One woman told us, telling me that inflation is coming down is like telling someone who's
1:11.4	bleeding out that their blood flow has slowed.
1:14.0	It's Friday, February 9th.
1:15.8	I'm Luke Vargas for the Wall Street Journal
1:17.7	and here is the AM edition of What's News?
1:20.8	The top headlines and business stories moving your world today.
1:27.0	President Biden is pushing back against characterizations of his age and leadership ability after a special
1:36.2	council report yesterday on his handling of classified materials, described him as having
	...

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