Why U.S. Growth Is Still Going Strong

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 5 September 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A.M. Edition for Sep. 5. There are three reasons why the U.S. economy continues to remain resilient despite slowing global growth. Chief economics correspondent Nick Timiraos explains what’s driving the data and what could become the eventual tipping point for the world’s biggest economy. Plus, China’s biggest property developer narrowly avoids default. And our exclusive report on why battery recycling is becoming the hottest trade for investors. Sandra Kilhof hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by London Business School.
0:03.8	Looking to accelerate your business, or understand the opportunities in AI or ESG,
0:08.8	are you thinking about taking the plunge into entrepreneurship,
0:11.8	or about what leadership skills will take you to the next level?
0:15.0	To listen to the latest insights and discussion from LBS faculty,
0:18.6	subject experts and industry insiders,
0:21.4	look for podcasts from London Business School.
0:23.8	Navigate the now and be prepared for what's next with London Business School.
0:30.0	China's biggest property developer narrowly avoids default,
0:38.0	plus how battery recycling is becoming the hottest trade,
0:42.0	and why the U.S. economy continues to strengthen.
0:45.0	So if you had told economists a year or two ago,
0:48.0	30-year mortgage rates in the U.S. were going to go to 7%,
0:51.0	but the housing market really wasn't going to take much of a hit from it,
0:54.0	people would have been very surprised.
0:56.0	Nevertheless, that's what has happened.
0:58.0	It's Tuesday, September 5th.
1:00.0	I'm Sandra Killhoff for the Wall Street Journal,
1:02.0	and here's the AM edition of What's News,
1:04.0	the top headlines and business stories moving your world today.
1:14.0	We begin in China where the embattled property giant Country Garden
1:18.0	has narrowly avoided default.
	...

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