Why Americans Keep Switching Their Phone Plans

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 26 January 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

P.M. Edition for Jan. 26. The nation’s three biggest cell phone carriers reported strong gains this week—and much of the growth seems to be coming from customers switching plans, rather than signing up for new ones. Reporter Will Feuer explains. And the Fed’s preferred gauge of inflation shows price pressures moderated in December. Plus, JPMorgan Chase CEO Jamie Dimon shakes up the leadership ranks. WSJ deputy bureau chief David Benoit explains. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by Shopify.
0:03.0	Looking to start a side hustle or become your own boss.
0:05.0	Do it with Shopify.
0:07.0	Whether you're selling succulents or stilettoes,
0:09.0	Shopify has the industry leading tools to help you create,
0:12.0	control and grow your own business.
0:13.7	So get serious about selling and get Shopify today.
0:16.7	Sign up for a one pound per month trial period at shopify.coidek slash special offer
0:21.8	or lowercase that shopify dot coe
0:24.2	ek slash special offer. Price pressures moderated in December bolstering the
0:31.7	case for rate cuts this year.
0:34.1	And why Americans keep switching phone plans.
0:37.3	For now, the companies can maybe make the numbers look a little bit better than they are
0:41.6	by encouraging customers to switch from
0:43.3	prepaid to postpaid but investors have to ask themselves can they do that forever.
0:47.4	Plus Jamie Diamond shuffles up leadership at JP Morgan. It's Friday Januaryth. I'm Anne Marie Fertoli for the Wall Street Journal.
0:55.6	This is the PM edition of What's News, the top headlines and business stories that moved the world today. Cooling inflation kept consumer spending in December.
1:09.0	The Federal Reserve's
1:12.8	preferred inflation gauge shows price pressures
1:15.2	moderated in the final month of 2023, keeping the Central Bank on track for
1:19.4	rate cuts this year. The Personal Consumption Expenditures's Price Index, released by the Commerce Department today,
1:25.0	rose 2.6% in December from a year earlier.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.