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WSJ What’s News

Why Real Estate Dynasties Are Breaking a Cardinal Rule to Never Sell

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 12 November 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Nov. 12. WSJ reporter Peter Grant discusses the real estate scions who are considering selling the buildings that made their families rich. And fat Wall Street bonuses are making a comeback. Senior writer Justin Baer explains why. Plus, the Justice Department hits the brakes on UnitedHealth’s attempt to get a bigger chunk of the home health and hospice care industry. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:03.2

could help build up my credit school for the day I need something bigger.

0:06.5

So buying a set of headphones, or waits for my workout, smashed it.

0:11.4

Could help in the future when I want to rent my first flat share.

0:15.4

Now that's forward thinking. Check if you're eligible at barclaycard.cote.

0:20.4

33.9% APR representative variables subject to application financial circumstances in borrowing history,

0:25.9

T's and Cs apply.

0:26.9

Responsible use of a credit card can help build your credit score when you pay on time.

0:33.1

Wall Street welcomes back fatter bonuses.

0:36.4

And real estate dynasties are beginning to do the unthinkable, sell their core properties.

0:41.8

From the very beginning, they realized as long as you held onto these properties, they would

0:46.6

continue to gain in value. And that was the message that they passed on from one generation

0:52.4

to the next. And what's happening right now

0:55.2

is that the office market looks so bleak that it no longer makes sense to do that.

1:00.8

Plus, the U.S. Justice Department hits the breaks on United Health's expansion in the home

1:06.8

health and hospice care industry. It's Tuesday, November 12th.

1:11.1

I'm Tracy Hunt for the Wall Street Journal.

1:13.5

This is the PM edition of What's News,

1:16.0

the top headlines and business stories that move the world today.

1:25.4

President-elect Donald Trump is continuing to fill out his administration as he prepares

1:29.8

to return to the White House.

1:34.9

According to people familiar with the matter, Trump has chosen South Dakota Governor

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