WSJ Minute Briefing
The top business headlines from The Wall Street Journal, three times daily. Whether it’s the latest on overseas markets, economic news out of Washington or closing numbers from Wall Street, you'll be in the know in a flash.
Episodes
Nasdaq, S&P Close Out Worst Week Since Start of Pandemic
Major U.S. stock indexes register third straight week of losses. Bitcoin tumbles in tandem with tech stocks. Peloton stock recoups some of yesterday’s losses. J.R. Whalen reports.
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21/01/22•2m 25s
U.S., Russia to Keep Negotiating to Defuse Ukraine Crisis
Plus: GlaxoSmithKline, Vir Biotechnology race to meet high demand for Covid-19 antibody drug. Meat Loaf, singer of “Bat Out of Hell,” dies at 74. J.R. Whalen reports.
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21/01/22•2m 0s
Supreme Court Allows Continued Enforcement of Texas Abortion Law
Intel plans to invest $20 billion in an Ohio chip-making facility. Peloton's CEO warns employees of likely layoffs and changes to production. Keith Collins hosts.
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21/01/22•2m 10s
Late-Day Selloff Pulls U.S. Stocks to Another Down Day
Peloton shares fall on report of company halting production. Insurance giant Travelers reports record net income. Netflix says it added 8.3 million subscribers last quarter, below its expectations. J.R. Whalen reports.
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20/01/22•2m 10s
U.S. Jobless Claims Rose Sharply to 286,000 Last Week
Plus: U.S. home sales reached a 15-year high of 6.1 million last year. CIA says Havana Syndrome unlikely caused by Russia or other U.S. foes. J.R. Whalen reports.
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20/01/22•2m 2s
Democrats Fail to Change Filibuster Rule in Senate
The Supreme Court rejects former President Donald Trump's request to block lawmakers' access to records related to the Jan. 6 U.S. Capitol riot. China's central bank again cuts lending rates to help support the nation's slowing economy. Keith Collins hosts.
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20/01/22•2m 12s
Nasdaq Enters Correction Territory After 1% Decline
S&P 500, Dow also fall about 1%. Shares of Morgan Stanley, Bank of America rise on strong earnings reports. Procter & Gamble reports strong revenue, says customers are undeterred by higher prices. Oil prices hit highest level since 2014. J.R. Whalen reports.
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19/01/22•2m 21s
Morgan Stanley, Bank of America Report Rising Profit
Plus: Secretary of State Antony Blinken seeks to reassure Ukraine as Russia moves troops in the region. University of Michigan to pay $490 million to sexual-abuse victims. J.R. Whalen reports.
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19/01/22•2m 1s
N.Y. Attorney General Finds Evidence That Trump Falsely Valued Assets
The Biden administration is expected to distribute 400 million free N95 masks through pharmacies and community health centers starting next week. A tech industry group is launching an ad campaign targeting proposed federal regulation. Keith Collins hosts.
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19/01/22•2m 34s
U.S. Stocks End Lower as Investors Bet on More Rate Hikes
Bond yields hit two-year high. Tech stocks slide. Activision Blizzard shares skyrocket after Microsoft deal news. U.S. crude oil futures jump amid political tensions in Mideast. J.R. Whalen reports.
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18/01/22•2m 24s
Microsoft to Buy Activision Blizzard for $68.7 Billion
Acquisition of videogame heavyweight is Microsoft’s biggest deal by far. Goldman Sachs profit slips 13% as trading revenue falls. U.S. stocks begin shortened trading week lower. J.R. Whalen reports.
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18/01/22•1m 58s
Winter Storm Strikes Eastern U.S., Knocking Out Power
U.S. airlines urge federal officials to further delay the rollout of 5G wireless services around major airports in an effort to avoid potential flight disruptions. Oil prices touch a seven-year high as tensions in the Middle East add to supply concerns. Keith Collins hosts.
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18/01/22•2m 26s
Bank Shares Pull U.S. Stocks Lower
Dow loses half a percent, while Nasdaq and S&P gain. Sherwin-Williams lowers its guidance. Netflix to increase prices for monthly plans in U.S. Markets will be closed Monday for Martin Luther King Jr. Day. J.R. Whalen reports.
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14/01/22•2m 14s
Retail Spending, Manufacturing Drop Amid Surging Inflation and Omicron
Plus: Google misled publishers and advertisers, unredacted lawsuit alleges. Bank earnings reports show soaring profit at Wells Fargo but lower earnings at JPMorgan, Citigroup. J.R. Whalen reports.
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14/01/22•2m 13s
Jan. 6 Panel Subpoenas Twitter, Reddit, Owners of Google and Facebook
Elon Musk says Tesla is accepting the digital currency dogecoin for some purchases. Citigroup agrees to sell its consumer-banking franchise in four Southeast Asian countries. Keith Collins hosts.
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14/01/22•2m 25s
Tech Stocks Decline, Dragging Nasdaq Down 2.5%
Plus: Monster Beverage buys hard-seltzer maker CANarchy for $330 million. Shares of private-equity firm TPG rise in first day of trading after IPO. J.R. Whalen reports.
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13/01/22•2m 14s
U.S. to Deploy Military Medical Teams to Hospitals Strained by Omicron
President Biden says U.S. will procure 500 million additional Covid-19 tests, roll out plan to provide free masks to Americans. Temperature reports say 2021 was Earth’s sixth-hottest year on record. Delta Airlines reports quarterly loss but expects to make recovery. J.R. Whalen reports.
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13/01/22•2m 7s
House GOP Leader Kevin McCarthy Rejects Jan. 6 Panel's Request
Trading app Robinhood doesn't plan to spend a lot of corporate cash on cryptocurrency despite growing user demand. Federal Reserve Governor Lael Brainard faces a Senate confirmation hearing on her nomination to be the Fed's No. 2 official. Keith Collins hosts.
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13/01/22•2m 19s
U.S. Stocks End Higher as Investors Weigh Inflation Report
Plus: Kroger shares drop as supermarket workers go on strike in Denver. Biogen shares fall after Medicare puts conditions on Alzheimer's drug coverage. Jefferies earnings miss expectations J.R. Whalen reports.
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12/01/22•2m 1s
U.S. Inflation Hit 7% in December, Fastest Pace Since 1982
Consumer-price rise exceeded 6% year-over-year for third straight month. Theranos founder Elizabeth Holmes likely faces September sentencing. Boris Johnson apologizes for garden party at Downing Street during U.K. Lockdown. J.R. Whalen reports.
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12/01/22•2m 3s
Judge Rejects Facebook's Request to Dismiss FTC Antitrust Lawsuit
The Biden administration plans to offer schools free rapid Covid-19 tests. Medicare officials propose covering the cost of the new Alzheimer's disease drug Aduhelm for certain patients. Keith Collins hosts.
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12/01/22•2m 19s
U.S. Stocks Close Higher as Tech Shares Climb
Fed Chairman Jerome Powell reiterates Fed's efforts to corral inflation. Energy stocks rise alongside oil prices. Rivian Automotive shares recoup some of yesterday's losses. J.R. Whalen reports.
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11/01/22•2m 17s
Omicron Puts Pressure on Hospitals in U.S., Europe
Plus: A federal judge in a long-running Amazon case steps aside, citing a financial conflict earlier reported by the WSJ. Electronic-trading firm Citadel Securities valued at about $22 billion in its first outside investment. Trenae Nuri reports.
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11/01/22•2m 19s
Mitch McConnell Pushes Back on Democrats' Plans to Change Filibuster
Fed Chairman Jerome Powell faces a Senate confirmation hearing for his second term. Volkswagen's sales in China slip as auto makers are hit by the global chip shortage. Keith Collins hosts.
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11/01/22•2m 15s
Interest-Rate Worries Spark Choppy Market Trading Session
Investors sell bonds amid expectations of an interest rate increase in March. Natural gas futures rise 4.2%. Bitcoin briefly drops below $40,000 for the first time since September. J.R. Whalen reports.
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10/01/22•2m 30s
U.S. Covid-19 Cases on Track to Triple Pre-Omicron Record
The Securities and Exchange Commission is planning to require more transparency from private companies. Take-Two Interactive has agreed to buy Zynga. Trenae Nuri reports.
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10/01/22•2m 23s
Novak Djokovic Released From Detention in Australia
China reports its first domestically-transmitted cases of the Omicron variant. A building fire in New York leaves 19 dead and many more injured. And stocks waver ahead of a busy week for earnings and data. Luke Vargas hosts.
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10/01/22•2m 27s
Tech Stocks Continue to Decline
Investors sell positions while anticipating interest rate increases. Alphabet shares finish down 5% for the week. Also, GameStop's shares close up 7.3% today after the company announced plans for a marketplace for NFTs. Bed Bath & Beyond finishes down 4.3% after announcing more store closures. J.R. Whalen reports.
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07/01/22•2m 11s
Unemployment Rate Falls to 3.9%
Plus, Global Covid-19 cases cross the 300 million mark. Trailblazing actor Sidney Poitier dies at age 94. J.R. Whalen reports.
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07/01/22•1m 53s
CDC Relaxes Isolation, Quarantine Guidelines for Schools
Mortgage rates in the U.S. have reached their highest levels since May 2020. Gamestop enters the NFT and Cryptocurrency markets. And stocks waver ahead of U.S. jobs data. Luke Vargas hosts.
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07/01/22•2m 18s
Stocks Fall in Late Trading
Tesla and Netflix among tech stock decliners, while the financial sector finished higher. Plus, Bitcoin has fallen 6% since Wednesday afternoon. J.R. Whalen reports.
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06/01/22•2m 3s
Jobless Claims Remain Near 50-Year Low
Plus, strong consumer spending helps push U.S. trade deficit to record level. Also, the Supreme Court to consider whether the Biden Administration can enforce vaccine and testing rules for large private employers and healthcare workers. J.R. Whalen reports.
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06/01/22•1m 50s
Biden to Lead Commemorations of Jan. 6 Capitol Riot
In Kazakhstan, dozens are killed as authorities crack down on unrest after days of protests against a rise in fuel prices. WarnerMedia and ViacomCBS are exploring a possible sale of the CW Network. Keith Collins hosts.
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06/01/22•2m 26s
Stocks Fall on Fed's New Interest Rate Timetable
Federal Reserve officials are considering raising interest rates as early as March amid inflation concerns. Also, automaker and semiconductor shares were among the day's big decliners. Plus, the yield on the 10-year U.S. Treasury rises to 1.709%. J.R. Whalen reports.
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05/01/22•2m 12s
North Korea Fires Test Missile
Also, General Motors expected to unveil an electric version of its Chevy Silverado pickup. Plus, AT&T and Verizon's 5G rollout delay could avert serious air travel disruptions. J.R. Whalen reports.
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05/01/22•2m 3s
Sony Is Looking to Enter the Electric-Vehicle Market
California investigators conclude PG&E equipment sparked the blaze that exploded into last summer's massive Dixie Fire. A CDC advisory panel is set to consider Covid-19 booster shots for adolescents ages 12 to 15. Keith Collins hosts.
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05/01/22•2m 10s
Dow Hits Fresh Record
Upbeat economic signals push blue-chip and travel-related stocks higher. The S&P 500 and tech-heavy Nasdaq decline. Plus, oil prices rise on hopes Omicron won't depress global demand. J.R. Whalen reports.
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04/01/22•2m 16s
New Covid-19 Infections Hit One Million in the U.S.
Plus: Job openings are on track for a new record high. Toyota overtakes General Motors as top-selling car company. Former New York Governor Andrew Cuomo won't face sexual-harassment charge. Trenae Nuri reports.
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04/01/22•2m 55s
Theranos Founder Elizabeth Holmes Convicted of Fraud
Former WeWork CEO Adam Neumann is becoming an apartment mogul. AT&T and Verizon postpone the rollout of a new 5G service a day after turning down transportation officials' request for a delay. Keith Collins hosts.
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04/01/22•2m 19s
U.S. Stocks Kick Off 2022 With Gains
Dow, S&P close at record highs. Tech stocks push Nasdaq up 1.2%. Apple briefly hits $3 trillion market value. Tesla shares jump 13.5% on surge in vehicle deliveries. J.R. Whalen reports.
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03/01/22•2m 4s
FDA Greenlights Pfizer-BioNTech Covid Booster for 12- to 15-Year Olds
Plus: American families brace for end of monthly child-tax-credit payments. India’s antitrust watchdog investigates Apple’s App Store practices. Trenae Nuri reports.
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03/01/22•2m 13s
Schools Face Covid-19 Challenges as Students Return From Holidays
AT&T and Verizon turn down federal officials' request to temporarily delay this week's rollout of new 5G wireless services. Tesla said global vehicle deliveries jumped by 87% in 2021. Keith Collins hosts.
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03/01/22•2m 24s
U.S., European Countries Report Record New Covid-19 Cases
President Biden and Russian leader Vladimir Putin plan to talk ahead of high-level negotiations about Ukraine. Ghislaine Maxwell is found guilty in a trial related to her role in the Jeffrey Epstein case. Keith Collins hosts.
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30/12/21•2m 19s
Elon Musk Exercises Final Batch of Stock-Options Package
The CDC is investigating or monitoring 86 cruise ships with reported Covid-19 cases aboard. President Biden is considering former Federal Reserve governor Sarah Bloom Raskin for a top regulatory post at the Fed. Keith Collins hosts.
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29/12/21•2m 18s
CDC Shortens Guidance on Covid-19 Isolation Period
More U.S. flights are canceled amid bad weather and airline staff shortages driven by rising Covid-19 cases. China Evergrande says the debt-laden property developer is on a path to recovery. Keith Collins hosts.
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28/12/21•2m 8s
Christmas Weekend Travel Marred by Flight Cancellations
A spike in early holiday shopping helped lessen the impact on sales from the spread of the Omicron Covid-19 variant. Supermarket prices are expected to rise in the first half of 2022. Keith Collins hosts.
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27/12/21•2m 20s
S&P 500 Finishes at New Closing Record
U.S. stocks gain as investors digest consumer spending, jobless data. Oil prices rise for third straight day. U.S. stock markets will be closed Friday. J.R. Whalen reports.
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23/12/21•1m 58s
FDA Authorizes Merck's At-Home Covid-19 Pill
Plus: U.S. consumer spending rose at a cooler pace in November. Initial jobless claims hold near historic lows. Russian President Vladimir Putin blames the West for Ukraine tensions. J.R. Whalen reports.
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23/12/21•2m 3s
FAA Proposes Fixes for Some Boeing 777 Engines
President Biden says he expects to run for re-election in 2024 if he remains healthy. Elon Musk's Tesla share-selling spree tops $15 billion. Keith Collins hosts.
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23/12/21•2m 13s
U.S. Stocks Extend Gains on Upbeat Economic Data
Plus: Pfizer's Covid-19 pill is authorized in U.S. Tesla returns to $1 trillion club after Elon Musk says stock sales are done. Biden extends student-loan payment moratorium another 90 days. J.R. Whalen reports.
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22/12/21•2m 27s
U.S. Home Sales Rose at Fastest Pace Since January Last Month
Plus: Israel is set to offer a fourth Covid-19 shot to over-60s, healthcare workers. South Africa researchers see milder illness from Omicron. Biden administration considering extension of student-loan repayment moratorium. J.R. Whalen reports.
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22/12/21•1m 55s
U.S. Life Expectancy Fell by 1.8 Years in 2020, CDC Says
The NHL plans to pull out of the 2022 Beijing Olympics as it contends with a Covid-19 outbreak. Japan's SoftBank is finalizing a $4 billion loan from a group led by Apollo Global Management. Keith Collins hosts.
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22/12/21•2m 16s
U.S. Stocks Rebound After Three Days of Losses
Dow adds more than 500 points, as Wall Street's seesaw reaction to Omicron continues. Brent crude futures rise 3.4%. General Mills' profit report misses expectations. Rite Aid says plan to close stores will boost earnings. J.R. Whalen reports.
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21/12/21•2m 19s
U.S. Population Growth Hit Record Low During Pandemic
Plus: Airports, carriers prepare for busy holiday travel week. Unruly passengers face loss of TSA PreCheck. Trenae Nuri reports.
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21/12/21•2m 6s
U.S. to Distribute Free At-Home Tests to Fight Omicron
The Centers for Disease Control and Prevention says Omicron is now the dominant variant in the U.S., accounting for 73% of recent Covid-19 cases. Procter & Gamble recalls some Aussie, Pantene and Herbal Essences dry shampoos. China Mobile plans to raise over $7.6 billion in a Shanghai listing. Keith Collins hosts.
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21/12/21•2m 19s
U.S. Stocks Fall More Than 1% on Omicron Concerns
Brent crude futures drop 2.5%. Oracle shares fall on deal to acquire Cerner. Nike reports better-than-expected earnings. J.R. Whalen reports.
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20/12/21•2m 10s
Moderna Says Its Covid-19 Booster Shot Works Against Omicron Variant
Davos economic forum is postponed amid Omicron. Israel set to bar citizens from traveling to the U.S. and Canada. Oracle to buy medical-records company Cerner for $28 billion. Trenae Nuri reports.
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20/12/21•1m 53s
Sen. Joe Manchin Won't Back Democrats' $2 Trillion Spending Bill
Chinese tennis star Peng Shuai denies accusing anyone of sexual assault. Bank of Montreal agrees to buy Bank of the West from BNP Paribas in a $16 billion deal. Keith Collins hosts.
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20/12/21•2m 35s
U.S. Stocks Close Lower Amid Interest Rate Worries
Cerner shares rise on Oracle deal talks. FedEx reports revenue jump from higher shipping rates. Rivian Automotive shares close at lowest level since IPO. Pfizer, BioNTech delay plans to seek authorization of Covid-19 vaccine for young children. Trenae Nuri reports.
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17/12/21•2m 33s
U.S., European Officials Warn of Omicron Spread
Plus: Blackstone nears deal valuing Manhattan office tower at $2.85 billion. Hong Kong prepares to hold its first election without opposition. Trenae Nuri reports.
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17/12/21•2m 22s
Judge Throws Out Purdue's Deal to Shield Sacklers From Opioid Lawsuits
The Senate parliamentarian rejects Democrats' latest immigration proposal in their $2 trillion spending package. The Food and Drug Administration allows women to receive abortion pills by mail. Keith Collins hosts.
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17/12/21•2m 21s
Tech Shares Drop on Prospect of Higher Interest Rates
CDC advisers recommend Pfizer, Moderna Covid-19 vaccines over Johnson & Johnson's. Rivian reports loss of more than $1 billion in first public earnings report. J.R. Whalen reports.
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16/12/21•2m 15s
Jobless Claims Tick Up But Remain Near Decades-Low
Plus: Bank of England raises benchmark interest rate. European Central Bank to maintain stimulus programs. CDC advisers review blood-clotting risk associated with Johnson & Johnson's Covid-19 vaccine. J.R. Whalen reports.
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16/12/21•1m 55s
Social-Media Platform Reddit Files Confidentially for IPO
The Biden administration ramps up efforts to help increase the number of commercial truck drivers. Apple again delays plans for workers to return to the office. Keith Collins hosts.
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16/12/21•2m 23s
Fed Officials Project Three Interest Rate Rises in 2022
U.S. stocks close higher as investors welcome Fed decision. Eli Lilly raises full-year guidance, sending shares climbing. General Motors teases electric GMC Sierra. Anchorage Capital closing $7.4 billion flagship hedge fund. J.R. Whalen reports.
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15/12/21•2m 17s
Modest Growth in Retail Sales to Start Holiday Shopping Season
Plus: SEC proposes tighter rules on executives buying or selling their company's stock. JPMorgan's big healthcare conference goes virtual on Omicron concerns. J.R. Whalen reports.
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15/12/21•2m 7s
Congress Approves Debt-Ceiling Increase, Sending Measure to Biden
China's economic activity slowed in November as a property slump and sluggish consumer spending weighed on the world's second-largest economy. Former President Donald Trump loses his bid to shield his tax returns from a House committee. Keith Collins hosts.
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15/12/21•2m 10s
U.S. Stocks Extend Losses
International Energy Agency says Omicron will slow the recovery in oil demand. Pfizer says its Covid-19 pill likely works against Omicron. Dogecoin soars after Elon Musk says Tesla will accept it as payment for merchandise. J.R. Whalen reports.
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14/12/21•2m 32s
First Big Omicron Study Finds Vaccine Cuts Hospitalization Risk
Plus: Kroger to end some Covid-19 benefits for unvaccinated employees. U.K. antitrust regulator says Apple, Google hold "vise-like grip" on smartphones. J.R. Whalen reports.
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14/12/21•2m 12s
House Panel Votes to Recommend Holding Mark Meadows in Contempt
Toyota says it will accelerate its shift toward electric vehicles. Hard Rock agrees to buy MGM Resorts' Mirage casino business in Las Vegas for $1.1 billion. Keith Collins hosts.
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14/12/21•2m 14s
Tech-Heavy Nasdaq Drops 1.4% Ahead of This Week's Fed Policy Decision
Vaccine makers surge on signs of demand for Covid-19 boosters. Pfizer to acquire Arena Pharmaceuticals for $6.7 billion. Harley-Davidson's electric-vehicle division to go public via SPAC. GameStop, AMC shares fall in blow to meme-stock investors. Brent crude futures decline 1%. J.R. Whalen reports.
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13/12/21•2m 43s
U.S. Stocks Down Ahead of Federal Reserve Decision This Week
Plus: First Omicron death reported in U.K. as government warns of tidal wave of cases. U.S. athletes reach $380 million settlement with USA Gymnastics and U.S. Olympic and Paralympic Committee over abuse by team physician Larry Nassar. J.R. Whalen reports.
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13/12/21•2m 1s
Tornadoes Left Deadly Path of Destruction in Six States
An Israeli study finds the Pfizer BioNTech booster shot protects people from severe illness brought on by the Omicron variant. China's SenseTime postpones its IPO just days after U.S. blacklisting. Peter Granitz hosts.
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13/12/21•2m 18s
Stocks Rise as Investors See Inflation Peak
Also: General Motors shares rise 6% on WSJ report that GM plans to invest in EV projects in Michigan. Plus, Tesla closes 1.3% higher. J.R. Whalen reports.
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10/12/21•2m 21s
Inflation Hit 39-Year High in November
Also: The Supreme Court allows abortion clinics to challenge a Texas law banning procedures after six weeks. Plus, U.S. Treasury officials blacklist a Chinese artificial-intelligence company due to its support of China's military. J.R. Whalen reports.
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10/12/21•2m 0s
U.K. Court Ruling Paves the Way For Assange Extradition
At least 53 migrants have died and dozens more are injured following a truck crash in Mexico. Costco sees sales surge, but import delays are hurting Christmas stock. Peter Granitz hosts.
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10/12/21•2m 8s
Nasdaq Leads U.S. Stock Markets Lower
Oil prices fall on Omicron restrictions. Pfizer-BioNTech Covid-19 booster authorized for 16- and 17-year-olds. Bitcoin drops after four days of gains. J.R. Whalen reports.
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09/12/21•2m 24s
Jobless Claims Drop to Lowest Level in More Than 50 Years
Plus: American Airlines to reduce international flights due to Boeing Dreamliner delays. Gig workers would be classified as employees under EU proposal. J.R. Whalen reports.
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09/12/21•2m 3s
Amazon Fined $1.3 Billion in Italian Antitrust Case
The DOJ has reportedly told Deutsche Bank it violated a criminal settlement. Former President Donald Trump's final chief of staff, Mark Meadows, sues House Speaker Nancy Pelosi. Peter Granitz hosts.
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09/12/21•2m 22s
U.S. Stocks, Oil Prices Edge Higher
Apple approaches $3 trillion market value. Stanley Black & Decker to sell bulk of its security-business assets for $3.2 billion. Roku shares rise on deal that restores YouTube TV app. GameStop losses widen. J.R. Whalen reports.
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08/12/21•2m 3s
Pfizer, BioNTech Say Booster Neutralizes Omicron
Plus: U.S. job openings stayed near record levels in October as people quit positions at a strong pace. Judge temporarily halts New York City's Covid-19 vaccine mandate for public workers. J.R. Whalen reports.
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08/12/21•1m 55s
Lab-test Shows Omicron Weakens Vaccine Effectiveness
An outage at Amazon Web Services affects thousands of businesses. China Evergrande inches toward default after missing a bond repayment and fellow property developer Kasia is halted in Hong Kong trading. Peter Granitz hosts.
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08/12/21•2m 24s
Lab-test Shows Omicron Weakens Vaccine Effectiveness
An outage at Amazon Web Services affects thousands of businesses. China Evergrande inches toward default after missing a bond repayment and fellow property developer Kasia is halted in Hong Kong trading. Peter Granitz hosts.
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08/12/21•2m 24s
Lab Test Shows Omicron Weakens Vaccine Effectiveness
An outage at Amazon Web Services affects thousands of businesses. China Evergrande inches toward default after missing a bond repayment and fellow property developer Kasia is halted in Hong Kong trading. Peter Granitz hosts.
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08/12/21•2m 24s
Omicron Optimism Pushes Nasdaq to 3% Gain
Oil prices mark fourth consecutive daily increase. GlaxoSmithKline, Vir say their antibody drug works against new Covid-19 variant. Intel stock jumps on plan to list Mobileye shares. Bitcoin continues its recovery from weekend selloff. J.R. Whalen reports.
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07/12/21•2m 22s
Omicron Is Weeks From Being Dominant in Parts of Europe, Officials Say
Plus: American Airlines CEO Doug Parker to step down next year. Companies plan big raises for workers in 2022. Trenae Nuri reports.
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07/12/21•2m 16s
Instagram Unveils Tools to Keep Teens Safe
Samsung replaces its three co-CEOs and merges several business units in a surprise shake-up. Intel plans to list shares in its Mobileye self-driving-car unit. And stocks continue to trade higher. Peter Granitz hosts.
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07/12/21•2m 11s
U.S. Stocks Rally on Hopes of Milder Covid-19 Variant
Oil prices rise, but natural gas plunges 11%. BuzzFeed shares drop after Nasdaq debut. SEC subpoenas electric-vehicle company Lucid over SPAC deal. Stacey Cunningham, first female NYSE president, to step down. J.R. Whalen reports.
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06/12/21•2m 27s
China Moves to Boost Its Slowing Economy
Plus: U.S. won't send officials to Beijing Winter Olympics. New York City sets Covid-19 vaccine mandate for private-sector workers. Trenae Nuri reports.
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06/12/21•2m 18s
Omicron Sends Small-Cap Stocks Lower
The Food and Drug Administration is expected to clear pills to treat Covid-19 this month, but poorer countries won't get them until mid-2022. Activist investor Engine Capital is urging the board of Kohl's department stores to either sell the company or spin off its e-commerce division. Peter Granitz hosts.
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06/12/21•2m 26s
Tech Stocks Pull Nasdaq Down Nearly 2%
Cathie Wood's ARK Innovation ETF sinks during tech selloff. Brent crude prices notch sixth straight weekly decline. Zillow authorizes share buyback. Didi's U.S.-listed shares tumble on plan to delist. DocuSign shares plunge on weakening demand. J.R. Whalen reports.
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03/12/21•2m 14s
U.S. Economy Added Just 210,000 Jobs in November
Unemployment rate fell to 4.2% last month; wages continue to climb. Talks to restore Iran nuclear deal stall. Retail stores bolster security after 'flash mob' robberies. J.R. Whalen reports.
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03/12/21•2m 1s
Congress Passes Funding Bill to Avoid a Government Shutdown
Citigroup applies for a securities license in China, joining a rush by global banks to set up businesses in China that they control. OPEC and a group of Russia-led oil producers agree to keep boosting output, jolting prices. The U.S. jobs report for November is due out today. Peter Granitz hosts
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03/12/21•2m 3s
U.S. Stocks Rebound as Omicron Uncertainty Continues
GlaxoSmithKline says its Covid-19 antibody drug is likely effective against Omicron. Crude prices jump as OPEC plans to proceed with production increases. WeWork to restate financial results. Apple shares drop on report of lower iPhone demand. Boeing shares climb after positive step from Chinese regulator. Kroeger raises full-year guidance. FTC challenges Nvidia's deal for Arm Holdings. J.R. Whalen reports.
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02/12/21•2m 30s
Lawmakers Reach Deal to Try to Prevent Government Shutdown
President Biden to toughen testing for international travelers, extend mask mandate on public transportation. Scientists studying Omicron in South Africa see rise in Covid-19 Reinfections. J.R. Whalen reports.
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02/12/21•1m 59s
MLB Owners Lock Out Players After Failing to Reach Deal
The Women's Tennis Association is suspending all of its tournaments in China amid concerns about the safety of Chinese player Peng Shuai. WeWork says it will restate results for several quarters related to an accounting error involving the SPAC it combined with this year. Keith Collins hosts.
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02/12/21•2m 25s
First U.S. Omicron Case Identified, Sending U.S. Stocks Sharply Lower
Dow falls more than 400 points. Moderna shares lose 12%, but Pfizer stock manages small gain. Travel stocks, oil prices fall again. J.R. Whalen reports.
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01/12/21•2m 4s
U.S. Stocks Rebound as Seesaw Moves on Omicron Continue
Global inflation set to be higher for longer, OECD says. Federal judge temporarily blocks Biden vaccine mandate for healthcare workers. J.R. Whalen reports.
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01/12/21•2m 0s
Supreme Court to Hear Arguments in Landmark Mississippi Abortion Case
The Biden administration is weighing stricter Covid-19 testing requirements for travelers to the U.S., including American citizens. Electricity-market tech platform Voltus says it is going public in a SPAC merger deal valuing it at about $1.3 billion. Keith Collins hosts.
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01/12/21•2m 27s
Omicron, Inflation Concerns Push U.S. Stocks Lower
Dow and S&P 500 tumble 1.9%, Nasdaq falls about 1.6%. Travel stocks, oil prices close down amid concerns of Omicron's economic impact. Salesforce.com posts muted sales outlook. J.R. Whalen reports.
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30/11/21•2m 29s
Omicron Unlikely to Cause Severe Illness, BioNTech Founder Says
But Moderna CEO says current vaccines could be less effective against Omicron. FDA moving to authorize Pfizer-BioNTech boosters for 16-, 17-year-olds. Federal Reserve to consider speedier reduction of asset purchases. U.K. competition regulator tells Facebook parent Meta to sell Giphy. Trenae Nuri reports.
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30/11/21•1m 38s
FDA Advisers to Review Merck's Covid-19 Pill
Cyber Monday sales figures came in roughly the same as last year's as smaller discounts offered holiday shoppers less incentive to spend. The Federal Trade Commission is asking Walmart, Amazon and other companies about supply-chain issues. Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen are set to testify before Congress today. Keith Collins hosts.
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30/11/21•2m 30s
Investors Shrug Off Omicron Worries, Sending U.S. Stocks Higher
Moderna shares jump after vaccine maker says it is working on booster for new variant. Twitter shares drop as CEO Jack Dorsey departs. Oil prices stabilize. J.R. Whalen reports.
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29/11/21•2m 10s
Jack Dorsey Steps Down as Twitter CEO
Plus: Omicron variant drives rise in Covid-19 hospitalizations in South Africa hot spot. Governments push Covid booster shots in response to Omicron spread. U.S. stocks recoup some losses from Friday's selloff. Trenae Nuri reports.
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29/11/21•2m 10s
More Countries Report Cases of New Omicron Covid-19 Variant
U.S. health officials say the strain is likely already in the country though it hasn't yet been detected. Ahead of Cyber Monday, U.S. shoppers spent more time and money in physical stores over the Thanksgiving holiday weekend than last year. Nissan says it plans to shell out more than $17 billion to add new battery-powered vehicles to its lineup. Keith Collins hosts.
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29/11/21•2m 11s
New Coronavirus Fears Trigger Markets' Worst-Ever Black Friday Losses
World Health Organization labels Omicron strain a global "variant of concern." Travel-related stocks and oil producers tumble. Vaccine makers and "work from home" stocks finish higher. J.R. Whalen reports.
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26/11/21•2m 48s
U.S. Stocks, Oil Drop on Concerns Over New Covid-19 Variant
Plus: Merck, Ridgeback Biotherapeutics say Covid-19 pill was less effective than reported earlier. Russian authorities open probe into coal-mine explosion that killed more than 50. J.R. Whalen reports.
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26/11/21•1m 55s
New Covid-19 Variant Prompts Moves to Curb Travel From Southern Africa
Worries about the new variant helped drive global financial markets and U.S. stock futures sharply lower. Holiday shoppers may find fewer Black Friday discounts this year. The FDA is expected to release a staff review of Merck's antiviral Covid-19 pill today. Keith Collins hosts.
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26/11/21•2m 13s
U.S. Stocks Waver as Minutes Show Fed Weighed Inflation Concerns
Chip makers Advanced Micro Devices, Nvidia see shares rise. Energy stocks post gains. Retailers Nordstrom, Gap post disappointing earnings, sending shares tumbling. U.S. stock markets will be closed for Thanksgiving. J.R. Whalen reports.
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24/11/21•1m 55s
U.S. Household Spending Rose 1.3% Last Month
Initial U.S. jobless claims fall to 199,000, a 52-year low. Saudi Arabia, Russia consider pausing planned oil production increases. John Deere's sales grew last quarter despite strike. J.R. Whalen reports.
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24/11/21•2m 5s
Walmart, CVS, Walgreens Contributed to Opioid Epidemic, Ohio Jury Find
Elon Musk exercises millions more in Tesla stock options. Apple sues Israeli surveillance-software maker NSO Group over spyware. Keith Collins hosts.
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24/11/21•2m 39s
Tech Shares Pull Nasdaq Lower as Dow, S&P Rise
Shares of Zoom, Best Buy drop amid slower growth. HP sees office reopenings lifting PC demand ahead of promising holiday season. J.M. Smucker raises earnings forecast. Brent crude gains 3.3%. J.R. Whalen reports.
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23/11/21•2m 27s
U.S., Other Nations to Tap Oil Reserves in Bid to Tame Inflation
Plus: Best Buy, Dick's e-commerce growth slows after pandemic-fueled surge. Supply woes start to ease in Europe, but businesses' costs surge. Trenae Nuri reports.
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23/11/21•2m 4s
Samsung to Choose Texas for $17 Billion Chip-Making Factory
NBCUniversal is considering removing much of its content from Hulu and making it exclusive to its Peacock platform. China's NetEase launches a scaled-back IPO of its music-streaming unit Cloud Village. Keith Collins hosts.
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23/11/21•2m 24s
U.S. Stocks End Mostly Lower After Early Bump From Powell Nomination
Elon Musk says Tesla's Model S Plaid to launch in China next year. Rivian shares fall after scrapping of Ford deal. Astra Space completes first commercial orbital launch for U.S. Space Force. J.R. Whalen reports.
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22/11/21•2m 4s
Biden to Nominate Jerome Powell for Second Term as Fed Chair
Plus: U.S. home sales on track for biggest year in 15 years. Ericsson to buy Vonage for $6.2 billion, bulking up its cloud presence. Trenae Nuri reports.
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22/11/21•2m 9s
Five Are Dead After SUV Plows Into Wisconsin Parade
Global supply-chain issues are easing, though a return to more-normal operations isn't expected until next year. Activision Blizzard CEO Bobby Kotick tells colleagues he would consider leaving if he can't quickly fix problems with the company's culture. Keith Collins hosts.
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22/11/21•2m 20s
U.S. Stocks Mixed, Oil Down Amid New Covid Restrictions in Europe
Plus: Boeing further slows production of 787 Dreamliners to address defects. Foot Locker says it expects supply-chain issues to persist. Ford scraps plan to build electric vehicles with Rivian. Prosecution rests in Elizabeth Holmes trial. Kyle Rittenhouse acquitted of all charges. Christopher Zinsli reports.
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19/11/21•2m 13s
FDA Clears Covid-19 Boosters for All Adults
Plus: Austria to impose vaccine mandate, return to lockdown. U.S. House passes roughly $2 trillion social spending and climate bill. Trenae Nuri reports.
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19/11/21•2m 8s
U.S. House Set to Pass $2 Trillion Social Spending and Climate Bill
Indian Prime Minister Narendra Modi says the government will repeal contentious farming laws. Japan approves a roughly $490 billion stimulus package to help the nation's economy recover from the pandemic. Keith Collins hosts.
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19/11/21•2m 24s
State Attorneys General Investigating Instagram's Impact on Children
Plus: Dow declines as S&P 500 and Nasdaq close up. General Motors, Ford announce ambitions in semiconductor industry. Turkish lira falls to new record low. Amanda Lewellyn reports.
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18/11/21•2m 40s
Ford Strikes Deal to Develop Computer Chips
Plus: Macy's considers separating its e-commerce business from its physical stores. CVS to close 900 stores over the next three years. Trenae Nuri reports.
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18/11/21•2m 19s
Deere Workers Approve New Contract, Ending Strike
Sony's PlayStation puts pressure on Activision Blizzard to better address sexual-misconduct issues following a Wall Street Journal report. Cash-strapped Chinese property developer Evergrande sells a stake in an online-video company as it works to make bond interest payments and avert default. Keith Collins hosts.
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18/11/21•2m 23s
Biden Calls on FTC to Investigate Oil-and-Gas Companies
Plus: U.S. stocks close lower. Securities and Exchange Commission investigates Cassava Sciences over claims it manipulated Alzheimer's drug results. Nvidia reports record sales quarter. Amanda Lewellyn reports.
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17/11/21•2m 51s
Target, TJX Sidestep Supply-Chain Snarls to Post Strong Sales
Plus: Amazon says it will stop accepting U.K.-issued Visa credit cards. Drug overdose deaths in the U.S. hit a record high. Trenae Nuri reports.
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17/11/21•2m 29s
Biden's Decision on Fed Leadership Could Come This Week
Striking Deere workers are set to vote on a third contract offer today. Pfizer asks the Food and Drug Administration to authorize use of its Covid-19 pill for high-risk patients. Keith Collins hosts.
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17/11/21•2m 14s
Strong Retail Sales Report Sends U.S. Stocks Higher
Home Depot shares hit record as home-improvement demand continues. Peloton plans to raise $1 billion in stock offering. Natural-gas prices jump as Germany pauses Nord Stream 2 certification. Bitcoin briefly drops below $60,000. Zoe Thomas reports.
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16/11/21•2m 13s
U.S. Shoppers Boosted Spending by 1.7% in October
Plus: Walmart reports higher sales as it raises prices. Home Depot reports better-than-expected sales. Fannie Mae, Freddie Mac will soon back mortgages of nearly $1 million. Trenae Nuri reports.
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16/11/21•2m 22s
President Biden, China's Xi Seek to Ease Tensions in Virtual Meeting
Tesla CEO Elon Musk sells another batch of his shares in the company. A Hollywood union narrowly ratifies contracts, averting a strike. Keith Collins hosts.
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16/11/21•2m 16s
President Biden Signs $1 Trillion Infrastructure Bill Into Law
Plus: Casper Sleep shares soar on news of takeover bid. Boeing shares up on news of orders for its converted freighters. Tyson Foods says higher meat prices likely to persist. California, Amazon reach deal over Covid-19 outbreak notifications. Zoe Thomas reports.
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15/11/21•2m 18s
Shell to Move HQ to London, Scrap Dual Structure
Plus: Inflation surge pushes gold prices to five-month high. Steve Bannon surrenders to FBI to face contempt charges. Trenae Nuri reports.
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15/11/21•2m 9s
Biden Set To Sign Infrastructure Bill
Japan's economy slumps more than expected in the third quarter. And Airbus says it can't meet rising demand for its single-aisle jets as airlines ramp up orders amid the resumption of travel. Peter Granitz hosts.
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15/11/21•2m 23s
U.S. Stocks Snap Weekly Winning Streak
Shares of Rivian continue post-IPO climb, adding 5.7%. Tesla stock falls 2.8% as CEO Elon Musk sells more shares. Lordstown Motors reports quarterly loss. Johnson & Johnson stocks rise on plan to split company. Activist investor Mantle Ridge takes stake in Dollar Tree. Christopher Zinsli reports.
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12/11/21•2m 25s
Johnson & Johnson to Split Into Two Companies
Plus: Unfilled job openings in U.S. top 11 million. Human-rights groups say Facebook is stifling independent report on its impact in India. Trenae Nuri reports.
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12/11/21•2m 17s
Biden and Xi To Hold Virtual Summit
An appeals court grants former President Trump a delay on the release of his Jan. 6 records. And Japanese conglomerate Toshiba is planning to split its business into three parts. Peter Granitz hosts.
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12/11/21•2m 16s
S&P, Nasdaq Regain Ground After Inflation Report
Alibaba shares boosted by Singles Day shopping event. Electric-vehicle maker Rivian adds to post-IPO gains. Tesla shares inch lower as CEO Elon Musk sells shares. Disney shares suffer worst daily decline in more than a year. Beyond Meat posts disappointing revenue forecast. Julie Chang reports.
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11/11/21•2m 14s
OPEC Lowers Oil Demand Forecast Amid High Energy Prices
Plus: National Association of Realtors says homes sit on the market for just a week on average, a record low. China's Singles Day shopping event hit by global supply strains. Trenae Nuri reports.
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11/11/21•2m 0s
Elon Musk Sells About $5 Billion in Tesla Stock
Boeing strikes an agreement with the lawyers of families of victims of the 737 MAX crash in Ethiopia. Shares of Chinese property developers rallied on signs that Beijing could moderate its stance on the struggling sector. Keith Collins hosts.
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11/11/21•2m 27s
Inflation Report Sends U.S. Stocks Lower
Shares of electric-vehicle startup Rivian jump in market debut. DoorDash shares get a boost from Wolt acquisition. DOJ sues Uber over wait-fee policy. Google loses its appeal of EU antitrust fine. Hershey strikes $1.2 billion in pretzel deals. Disney reports slower subscriber growth for Disney+. Julie Chang reports.
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10/11/21•2m 21s
Inflation Rate Hit 6.2% in October, a 30-Year High
Initial jobless claims fall to new pandemic low. U.S. home prices rose more slowly in third quarter. Zillow sells about 2,000 homes as it dismantles its house-flipping business. COP26 draft climate deal seeks quicker emissions cuts. Trenae Nuri reports.
Correction: New jobless claims fell to 267,000 last week. An earlier version of this podcast incorrectly said it was 269,000.
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10/11/21•2m 27s
Judge Rejects Trump's Request to Block Disclosure to Jan. 6 Committee
Electric-vehicle maker Rivian prices its initial public offering at $78 a share ahead of its trading debut on the Nasdaq stock exchange. Debt-laden Chinese property developer Fantasia says some lenders are asking for early repayment of loans. U.S. consumer inflation data and weekly jobless numbers are on deck today. Keith Collins hosts.
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10/11/21•2m 28s
U.S. Stocks Take a Breather, Close Lower
S&P 500 breaks eight-day winning streak. Roblox shares soar as quarterly revenue doubles. Hertz lists on the Nasdaq. DoorDash to acquire Wolt in $8 billion stock deal. Tesla shares lose another 12%. Panera Bread set to return to public market. Janet Babin reports.
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09/11/21•2m 34s
General Electric to Split Into Three Companies
Plus: Biden administration outlines plan to let snarled ports access federal funding. TSMC, Sony to open $7 billion chip plant in Japan in 2024. J.R. Whalen reports.
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09/11/21•1m 55s
Robinhood Hack Exposes Millions of Customers' Personal Information
SpaceX returns four astronauts to Earth after about 200 days on the international space station, the Associated Press reports. Heavily indebted Chinese property developer Evergrande sells a tech company stake in an effort to raise cash to avert a default. Keith Collins hosts.
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09/11/21•2m 17s
Tesla Shares Slip After Musk Promises to Sell Stake
U.S. stocks close at fresh records on continued strong earnings reports. Live Nation shares drop after deadly crowd surge at Houston music festival. Peloton shares shed another 8%. Nextdoor shares jump 17% in market debut. J.R. Whalen reports.
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08/11/21•2m 10s
U.S. Reopens Borders to Vaccinated Europeans, Others
Plus: Regeneron says its antibody drug cut risk of Covid-19 by about 82% in long-term study. Tragedy at Travis Scott show in Houston prompts safety questions for concert industry. J.R. Whalen reports.
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08/11/21•2m 1s
Twitter Users Back Elon Musk's Proposed Sale of Tesla Stock
Japan's SoftBank reports a $3.5 billion quarterly net loss after the value of its investments in Chinese companies took a hit from Beijing's stricter rules on the tech industry. A U.S. federal appeals court temporarily blocks the Biden administration's Covid-19 vaccination rules for big private companies. Keith Collins hosts.
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08/11/21•2m 35s
U.S. Stocks Finish at Fresh Record Highs After Strong Jobs Report
Airbnb shares jump on record quarterly revenue. Pfizer shares climb on positive Covid-19 pill data. Moderna shares extend Thursday's losses. Peloton shares tumble as subscriber growth slows. J.R. Whalen reports.
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05/11/21•2m 0s
U.S. Economy Added 531,000 Jobs in October
Unemployment rate falls to 4.6%, wages grow by 4.9%. Pfizer says Covid-19 pill is highly effective. Indebted property developer China Evergrande offloads jets. J.R. Whalen reports.
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05/11/21•2m 3s
U.S. House Aims to Vote on Two Large Spending Bills as Soon as Today
Boeing shareholders reach an agreement to settle their lawsuit over the board's oversight of the 737 MAX. A federal judge dismisses a lawsuit from Jeff Bezos' space company Blue Origin over a NASA contract awarded to Elon Musk's SpaceX. The U.S. Labor Department is set to release October employment figures this morning. Keith Collins hosts.
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05/11/21•2m 35s
Dow Edges Down as Nasdaq, S&P Move Higher
Qualcomm posts record quarterly sales. AT&T, Verizon to delay 5G rollout over FAA's airplane safety concerns. Tesla, Hertz discuss timing of vehicle deliveries. Moderna cuts forecast for Covid-19 vaccine deliveries. Uber reports first adjusted profit. J.R. Whalen reports.
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04/11/21•2m 22s
Employer Vaccine and Testing Rules to Take Effect Jan. 4
Plus: Merck Covid-19 pill cleared for use in U.K. U.S. trade deficit hits new record. Weekly U.S. jobless claims fall to 269,000. Trenae Nuri reports.
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04/11/21•2m 19s
Biden Says U.S. Won't Pay Families Separated at the Mexico Border
House Democrats include new measures for protecting immigrants in the country illegally in the party's broad spending bill. Credit Suisse plans to overhaul its operations and shift away from hedge-fund financing. Google is pursuing a cloud-computing contract with the Pentagon. Keith Collins hosts.
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04/11/21•2m 34s
Fed Scales Back Bond-Buying Program
U.S. stocks spurred to new records. Bed Bath & Beyond stock jumps after buyback, Kroger announcements. Activision shares tumble on game delays. Avis shares tap the breaks after Tuesday's sharp gain. J.R. Whalen reports.
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03/11/21•2m 3s
House Democrats to Add Paid Leave Back to Spending Bill
Plus: CVS posts higher revenue, raises full-year outlook. Supreme Court considers challenge to New York concealed-weapons permit law. J.R. Whalen reports.
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03/11/21•1m 55s
Republican Glenn Youngkin Wins Virginia Governor's Race, AP Says
The CDC recommends use of the Pfizer-BioNTech Covid-19 vaccine for younger children, allowing the shots to be administered as early as today. Deere union workers reject a second contract offer, extending a weekslong strike. Keith Collins hosts.
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03/11/21•2m 13s
Dow Closes Above 36000 for First Time
S&P 500, Nasdaq also notch records. Pfizer increases Covid-19 vaccine sales forecast. Avis stock doubles on strong results. Lyft reports higher revenue as ridership returns. Justice Department sues to block Penguin Random House's acquisition of Simon & Schuster. J.R. Whalen reports.
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02/11/21•2m 19s
Elon Musk Says Tesla Hasn't Signed Deal With Hertz
Plus: Yahoo pulls out of China. Startup Amylyx Pharmaceuticals seeks FDA approval for ALS drug. J.R. Whalen reports.
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02/11/21•1m 56s
EPA Plans to Limit Methane Emissions From Oil and Gas Production
A CDC advisory panel is set to consider whether to recommend the Pfizer-BioNTech shot for younger children. DuPont is planning moves that would reshape the chemical giant. The Federal Reserve begins its two-day policy meeting. Keith Collins hosts.
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02/11/21•2m 16s
Dow Flirts With 36k
Plus: Moderna shares drop after the FDA delays its decision to authorize the company's Covid-19 vaccine for adolescents. And American Airlines finishes higher despite canceling hundreds more flights . J.R. Whalen reports.
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01/11/21•2m 20s
Supreme Court Hears Arguments on Texas Abortion Law
Plus: At COP26, Biden calls for climate action amid wide divisions. Central banks fuel new bets on tighter money as inflation rises globally. Global Covid-19 death toll tops five million. Trenae Nuri reports.
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01/11/21•2m 49s
Travel Disruption as American Airlines Cancels Flights
G-20 leaders struggle to reach a consensus on climate ahead of COP26 talks in Glasgow. U.K. bank Barclays says CEO Jes Staley is stepping down following a probe into his relationship with Jeffrey Epstein. Keith Collins hosts.
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01/11/21•2m 29s
Strong Earnings Lift Stocks During October
The major U.S. indexes rise sharply this month, led by the Nasdaq's 7.2% gain. The FDA approves Pfizer and BioNTech's Covid-19 vaccine for children aged 5 to 11. The Supreme Court will hear a challenge to the EPA's broad authority to restrict greenhouse gas emissions from power plants. Charlie Turner reports.
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29/10/21•2m 24s
Consumers Pulled Back on Spending in September
Plus: Lawmakers aim for a Medicare negotiation provision to be in President Biden's $1.85 trillion spending bill. Exxon Mobil and Chevron report their most profitable quarterly earnings since the pandemic's onset. J.R. Whalen reports.
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29/10/21•1m 59s
Progressive Democrats Thwart Planned Vote on Infrastructure Bill
Satellite maker Terran Orbital says it will go public through a SPAC merger deal. Chinese property developer Evergrande again averts default by making an overdue bond interest payment. Exxon Mobil and Chevron are set to report earnings today. Keith Collins hosts.
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29/10/21•2m 18s
Facebook Changes Name to Meta to Reflect Focus on Metaverse
Plus: S&P 500, Nasdaq climb to new record highs. Ford to reinstate quarterly dividend. Caterpillar reports higher sales of construction equipment. Anheuser-Busch InBev reports higher revenue and profit. Amazon sales miss expectations. Apple warns of supply-chain disruptions. J.R. Whalen reports.
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28/10/21•2m 39s
U.S. Economic Growth Slowed to 2% in Third Quarter
Plus: President Biden releases new framework for $1.85 trillion social-spending, climate package. Four U.S. intelligence agencies failed to predict Taliban's rapid takeover of Afghanistan. Trenae Nuri reports.
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28/10/21•2m 11s
Mark Zuckerberg to Outline Facebook's Metaverse Vision
Democrats drop paid leave from their broad spending proposal as they work toward an agreement on the package. A global financial task force supports tougher rules to prevent the use of cryptocurrency in money laundering. Apple and Amazon are set to wrap up a big week for tech earnings. Keith Collins hosts.
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28/10/21•2m 27s
Dow, S&P Fall From Record Highs
Plus: U.S. durable-goods orders fell in September. Ford raises its financial forecast for the year. Activist investor Third Point urges Royal Dutch Shell to break up. Charlie Turner reports.
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27/10/21•2m 26s
Hertz Links Up With Uber to Offer Tesla Rentals
Plus: General Motors profit sinks amid computer-chip shortage. Merck's Covid-19 pill licensed to U.N.-backed nonprofit to increase global supplies. J.R. Whalen reports.
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27/10/21•1m 52s
Democrats Consider Income-Tax Proposal Targeting Billionaires
The Federal Trade Commission is said to be scrutinizing Facebook's internal research documents. The U.S. bans China's largest telecom company over national-security concerns. Boeing, Coca-Cola and General Motors are among the companies set to report earnings today. Keith Collins hosts.
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27/10/21•2m 22s
Big Tech Companies Report Strong Earnings
Microsoft profit jumps as cloud services thrive. Google nearly doubles profit amid hot ad market. S&P 500, Dow notch new closing records. FDA advisors back Pfizer-BioNTech Covid-19 vaccine for young children. Charlie Turner reports.
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26/10/21•2m 17s
Nations' Climate Plans Fall Short, U.N. Says
Plus: General Electric says profit rises, lowers revenue forecasts. Eli Lilly asks FDA to approve Alzheimer's drug. J.R. Whalen reports.
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26/10/21•1m 57s
FDA Advisers To Review Covid-19 Shot for Young Children
A bankruptcy judge declines to pause talc litigation against Johnson & Johnson. Jeff Bezos' company Blue Origin plans to help build a new private space station. Microsoft, Twitter and Google parent Alphabet report earnings today. Keith Collins hosts.
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26/10/21•2m 29s
Tesla's Market Value Hits $1 Trillion
Dow, S&P rise to new records. PayPal's shares rise after it abandons planned Pinterest takeover. Facebook reports slower sales growth. J.R. Whalen reports.
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25/10/21•2m 4s
Hertz Orders 100,000 Teslas in Bid to Electrify Fleet
Plus: Moderna says its Covid-19 vaccine produced a strong immune response in children ages 6 to 11. PayPal abandons Pinterest takeover after shareholders balk. Trenae Nuri reports.
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25/10/21•2m 12s
SolarWinds Hackers Step Up Attacks on Tech Companies, Microsoft Says
Digital gaming and esports platform FaZe Clan is nearing a $1 billion SPAC deal to go public. Talks between Italy's government and Italian bank UniCredit to reprivatize lender Monte dei Paschi have collapsed. Keith Collins hosts.
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25/10/21•2m 17s
The Dow Closes At a New Record High
American Express' earnings are boosted by more customers dining out. The SPAC company taking Donald Trump's new social network public more than doubles in value. Tech stocks lose ground. Fed chair Powell says worsening supply-chain problems are raising the risk of higher inflation. Charlie Turner reports.
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22/10/21•2m 17s
Pfizer Covid-19 Vaccine 90.7% Effective in Kids
Plus: Saudi Arabia says reducing investment in fossil fuels would drive energy prices up further. New Mexico authorities investigating a shooting on a movie set involving actor Alec Baldwin. J.R. Whalen reports.
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22/10/21•1m 59s
CDC Recommends Moderna and J&J Covid-19 Boosters
China Evergrande has reportedly made an overdue interest payment of $83.5 million, avoiding default. And tech stocks slip in late trading after Snap misses even its lowest revenue estimate. Peter Granitz hosts.
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22/10/21•2m 10s
IBM Drags Dow Lower
Dow component IBM shares fall 9.6% after reporting lower-than-expected revenue. Tesla shares rise 3.2% a day after reporting record profits. WeWork shares close up 13% in their trading debut. J.R. Whalen reports.
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21/10/21•1m 55s
Jobless Claims Fall to Pandemic Low
Also: Existing-home sales up 7% in September from the month earlier, though down from a year ago. Pfizer and BioNTech's Covid-19 vaccine booster shows 95.6% efficacy in a large study. J.R. Whalen reports.
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21/10/21•1m 55s
Trump's Social-Media Company Plans to Go Public via SPAC
Bitcoin surges to a new record following a bumper trading day for the first U.S. ETF linked to the cryptocurrency. And there are fresh signs of trouble in China's massive real-estate market. Peter Granitz hosts.
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21/10/21•2m 10s
S&P 500 Notches Sixth Straight Trading Day of Gains
Plus: Verizon raises its full-year outlook. Netflix's co-CEO apologizes for defending a controversial comedy special by Dave Chappelle. Tesla reports third straight record quarterly profit. Democrats' tax plans in jeopardy due to opposition by Sen. Kyrsten Sinema. Charlie Turner reports.
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20/10/21•2m 32s
White House Prepares Rollout of Covid-19 Vaccine for Young Children
Plus: Exxon Mobil debates abandoning some of its biggest oil and gas projects. Nikolas Cruz pleads guilty to murder in 2018 Parkland school shooting. J.R. Whalen reports.
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20/10/21•1m 52s
Jan. 6 Committee Holds Bannon in Contempt
Chip maker Micron Technologies is looking to spend more than $150 billion in order to meet growing demand. And SPAC shareholders are set to take WeWork public in a deal worth $1.3 billion. Peter Granitz hosts.
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20/10/21•2m 13s
Strong Start to Corporate Earnings Season Pushes U.S. Stocks Higher
Plus: Johnson & Johnson's sales climb across divisions. Netflix says it added 4.4 million subscribers last quarter. Bitcoin ETF jumps nearly 5% in debut. Day traders drive uranium prices higher. J.R. Whalen reports.
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19/10/21•2m 26s
Procter & Gamble Raising Prices on More Consumer Staples
Plus: U.S. lawmakers step up efforts to adopt tougher tech laws. Chinese President Xi Jinping's property-tax plan faces resistance. Trenae Nuri reports.
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19/10/21•2m 10s
FDA Set To Approve Mixed Booster Shots
Former President Donald Trump is suing to block the release of White House records as part of the Jan. 6 Capitol riot investigation. And the launch of the first U.S. bitcoin futures ETF marks a milestone for the industry. Peter Granitz hosts.
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19/10/21•2m 20s
U.S. Stocks Finish Mixed After Weak China Growth Data
Tech shares post strong gains. U.S. industrial production fell in September. Albertsons says grocery sales remain strong. Zillow to pause its house-flipping business. Bitcoin price climbs ahead of expected ETF launch. J.R. Whalen reports.
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18/10/21•2m 14s
Former Secretary of State Colin Powell Dies at 84
Plus: Group of 16 Americans and a Canadian kidnapped in Haiti. Amazon seeks to hire 150,000 seasonal U.S. workers. J.R. Whalen reports.
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18/10/21•1m 55s
China Third-Quarter Growth Slows Sharply
House lawmakers question whether Amazon executives misled Congress over its business practices. And Facebook is set to hire 10,000 workers in the EU for its metaverse. Peter Granitz hosts.
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18/10/21•2m 18s
U.S. Stocks Cap Best Week in Months
Plus: FDA advisors endorse Johnson & Johnson Covid-19 booster shot. FDA delays Moderna's Covid vaccine for adolescents. U.S. border to open to vaccinated international travelers on Nov. 8. Charlie Turner reports.
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15/10/21•2m 32s
U.S. Retail Sales Rise, Reflecting Healthy Demand and Higher Prices
Plus: Goldman Sachs reports higher profit and revenue amid deal bonanza. FDA advisors discuss Johnson & Johnson Covid-19 booster shot. J.R. Whalen reports.
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15/10/21•1m 51s
Former Boeing Pilot Indicted in Probe of 737 MAX Crashes
More than 10.000 workers at John Deere have gone on strike for the first time in 35 years. Virgin Galactic postpones its commercial space flights to the fourth quarter of 2022. And U.S. retail sales data are due out later. Peter Granitz hosts.
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15/10/21•2m 19s
Strong Earnings Reports Propel U.S. Stocks Higher
Moderna booster shot backed by FDA advisory panel. Walgreens to invest $5.2 billion in VillageMD. UnitedHealth Group raises earnings guidance. Jana Partners takes stake in Macy's, urges e-commerce spinoff. U.S. crude futures close at highest level in seven years. J.R. Whalen reports.
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14/10/21•2m 35s
New Jobless Claims Fall Below 300,000 for First Time During Pandemic
Plus: Bank of America, Wells Fargo and Morgan Stanley report strong third-quarter profits. Boeing deals with new Dreamliner defect. J.R. Whalen reports.
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14/10/21•1m 59s
WHO Creates New Team to Probe Covid-19 Origins
Power companies are switching to oil as the energy crunch continues to push gas and coal prices higher. Netflix employees are protesting David Chappelle's latest stand-up special. And U.S. jobless claims are due out later. Peter Granitz hosts.
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14/10/21•2m 17s
U.S. Stocks Waver After Hotter-Than-Expected Inflation Report
Federal Reserve minutes show policymakers preparing to begin reducing asset purchases. Port of Los Angeles to operate around the clock to ease cargo logjams. Charlie Turner reports.
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13/10/21•2m 5s
Consumer Prices Continued Climbing in September
Social Security benefits to increase 5.9% for 2022, biggest bump in 40 years. JPMorgan profit jumps on release of rainy-day funds. FDA staff says Johnson & Johnson Covid-19 booster shot bolsters immune defense. J.R. Whalen reports.
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13/10/21•2m 2s
U.S. to Ease Covid-19 Travel Restrictions at Land Borders
The House approves a temporary increase in the U.S. debt ceiling, sending it to President Biden for his signature. Boeing is requiring its U.S. employees to get Covid-19 vaccinations. JPMorgan Chase and Delta Air Lines are among the companies helping kick off U.S. earnings season today. Keith Collins hosts.
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13/10/21•2m 17s
U.S. Stocks Inch Lower Amid Concerns Over Energy, Inflation
Plus: FDA staff takes no position on Moderna's Covid-19 booster application. Southwest Airlines works to reset after flight cancellations. JPMorgan Chase, BlackRock to kick off earnings reporting season Wednesday. Charlie Turner reports.
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12/10/21•2m 15s
IMF Predicts Slower Global Growth, Higher Inflation
Plus: Trump nears deal to sell marquee Washington, D.C., hotel. House set to temporarily raise debt limit. J.R. Whalen reports.
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12/10/21•2m 1s
Texas Governor Bans Covid-19 Vaccine Mandates at Businesses
In China car sales drop as the industry deals with the impact from the global chip shortage. The board of the International Monetary Fund backs the head of the fund, Kristalina Georgieva, following an investigation into her role in a data-rigging scandal at the World Bank. Keith Collins hosts.
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12/10/21•2m 14s
Oil-Price Surge Triggers Stock Selloff
U.S. crude surpasses $80 a barrel for the first time since 2014. Plus: Southwest Airlines shares fall 4.1% following widespread flight cancellations. J.R. Whalen reports.
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11/10/21•2m 25s
Oil Price Jumps Above $80
Plus: KKR co-CEOs Henry Kravis and George Roberts step down. Chinese developer Modern Land asks to delay bond repayment. Trenae Nuri reports.
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11/10/21•2m 16s
Southwest Airlines Cancels More Than 1,800 Flights
Merck and partner Ridgeback ask the FDA to authorize a Covid-19 pill after a study showed encouraging results. Emerson plans to combine two software businesses with AspenTech in a roughly $11 billion deal. Keith Collins hosts.
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11/10/21•2m 16s
Nearly 140 Countries Agree to Global Corporate Minimum Tax
U.S. stocks edge lower but post weekly gains. Two parents found guilty in college admissions cheating case. Charlie Turner reports.
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08/10/21•2m 12s
U.S. Economy Added 194,000 Jobs Last Month, Slowest Pace of Year
Unemployment rate dropped to 4.8% as many workers exited labor force. Afghanistan mosque bombing kills dozens of worshipers. China delivery giant Meituan fined more than $530 million in Beijing's tech crackdown. J.R. Whalen reports.
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08/10/21•2m 2s
Tesla to Move Headquarters From California to Texas
The Senate passes a bill to raise the nation's debt limit into December and avert a possible default. Samsung expects a jump in operating profit as it benefits from high chip demand amid a global shortage. The Nobel Peace Prize is awarded to journalists from the Philippines and Russia. Keith Collins hosts.
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08/10/21•2m 16s
Deal on Debt-Limit Extension Sends U.S. Stocks Higher
Auto makers and energy stocks see strong gains. Pfizer, BioNTech rise after seeking approval for Covid-19 vaccine for young children. Twitter sells mobile ad firm MoPub to AppLovin for more than $1 billion. J.R. Whalen reports.
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07/10/21•2m 10s
Pfizer Seeks FDA Approval for Covid-19 Vaccine in Young Children
Plus: U.S. stocks jump after Senate Majority Leader Chuck Schumer says a deal was reached to extend the federal debt limit to December. Initial jobless claims drop for first time in four weeks. Trenae Nuri reports.
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07/10/21•2m 18s
Federal Judge Blocks Enforcement of Texas Abortion Law
General Motors aims to challenge Tesla with a planned $30,000 electric SUV. NASA says Boeing's Starliner space capsule won't make another launch attempt this year. The U.S. is set to release weekly jobless claims data this morning. Keith Collins hosts.
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07/10/21•2m 20s
U.S. Stocks Rally Back From Earlier Losses
Plus: Facebook slows work on new products to conduct "reputational reviews." Senate Minority Leader Mitch McConnell proposes short-term debt-limit extension. Charlie Turner reports.
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06/10/21•2m 10s
World's First Malaria Vaccine Gets WHO Backing
Plus: U.S. stocks fall after yesterday's rebound. ADP says U.S. private sector added 568,000 jobs in September. Student-loan forgiveness to include more public-sector workers. J.R. Whalen reports.
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06/10/21•2m 1s
Facebook's Mark Zuckerberg Breaks Silence on Whistleblower Testimony
Senate Republicans are expected to block today's planned procedural vote on raising the U.S. debt ceiling. California's governor says officials plan to step up efforts to help contain the damage from an offshore oil spill. Keith Collins hosts.
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06/10/21•2m 7s
S&P, Nasdaq Gain More Than 1%
Tech stocks rebound from Monday's selloff. Facebook whistleblower testifies in front of Senate panel. Democrats meet to discuss how to raise debt limit. U.S. crude futures jump to highest level in seven years. Charlie Turner reports.
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05/10/21•2m 11s
U.S. Stocks Open Higher After Monday's Selloff
Plus: Johnson & Johnson asks FDA to authorize Covid-19 booster. Senate Majority Leader Chuck Schumer sets up vote on debt ceiling by Wednesday. J.R. Whalen reports.
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05/10/21•1m 48s
U.S. Stock Futures Flat Following Wall Street Selloff
Southwest Airlines says it will require employees to get Covid-19 vaccinations. A jury awards a Black former Tesla worker $130 million in damages after finding the company subjected him to a racially hostile work environment. Facebook whistleblower Frances Haugen is set to testify at a Senate hearing today. Keith Collins hosts.
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05/10/21•2m 17s
Facebook, Tech Stock Decline Triggers Broader Selloff
Shares of Facebook suffer their worst loss of 2021. Apple, Alphabet and Netflix shares also finish lower. Merck shares climb 2% on the effectiveness of its antiviral pill again Covid-19 in a recent trial. J.R. Whalen reports.
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04/10/21•2m 6s
Broader Inflation Pressures Begin to Show
Plus: Senate Majority Leader Chuck Schumer urges action on debt ceiling by the end of the week. OPEC opts against a big output boost, pushing oil prices to seven-year high. Trenae Nuri reports.
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04/10/21•2m 44s
U.S. to Begin New China Trade Talks, Keep Tariffs in Place
Swedish car maker Volvo is planning an initial public offering. In Southern California, officials are racing to limit damage from an oil spill. The Federal Reserve is planning to begin a review of a possible digital dollar as early as this week. Keith Collins hosts.
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04/10/21•2m 14s
Personal Income and Spending Rise in August
Plus: Merck says its experimental Covid-19 antiviral pill cut the risk of hospitalization and death in people with mild to severe cases. Supreme Court justice Brett Kavanaugh tests positive for Covid-19. J.R. Whalen reports.
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01/10/21•2m 0s
Democrats Delay Infrastructure Bill Vote After Failing to Reach Deal
Hollywood star Scarlett Johansson settles her lawsuit against Disney related to her salary from the superhero movie "Black Widow." The Federal Aviation Administration says it is reviewing a letter that criticizes Jeff Bezos' space company Blue Origin over safety concerns. Data on U.S. consumer spending and auto sales are due out today. Keith Collins hosts.
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01/10/21•2m 16s
Democrats Delay Infrastructure Bill Vote After Failing to Reach Deal
Hollywood star Scarlett Johansson settles her lawsuit against Disney related to her salary from the superhero movie "Black Widow." The Federal Aviation Administration says it is reviewing a letter that criticizes Jeff Bezos' space company Blue Origin over safety concerns. Data on U.S. consumer spending and auto sales are due out today. Keith Collins hosts.
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01/10/21•2m 16s
Stocks Tumble to End the Quarter
September marks the S&P 500's worst month since March, 2020. Plus: Virgin Galactic Holdings rise after regulators allow the company to resume space flight. Bed Bath & Beyond shares fall after the company lowers earnings guidance. J.R. Whalen reports.
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30/09/21•2m 7s
Bed Bath & Beyond Stock Falls on Sharp Sales Decline
Plus: Stocks wobble but stay on track for quarterly gains. U.S. frackers fear planned vaccine mandate will worsen worker crunch. California wildfire crews make headway, but tough conditions expected to persist. Trenae Nuri reports.
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30/09/21•2m 33s
Congress to Vote on Funding Bill to Prevent a Government Shutdown
House lawmakers are planning to vote on the Biden administration's $1 trillion infrastructure plan today. A Senate panel is set to question a Facebook official about how its products affect children. China's manufacturing activity shrinks for the first time in over a year. The U.S. is set to release weekly jobless claims data this morning. Keith Collins hosts.
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30/09/21•2m 17s
Stocks Stage a Partial Recovery from Tuesday's Rout
Dow, S&P recover, despite another rise in bond yields. Dollar Tree adds $1 billion to its stock buyback plan. Democratic lawmakers race to avoid a government shutdown. Charlie Turner reports.
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29/09/21•2m 12s
Walmart to Hire 150,000 Workers Ahead of Holidays
Plus: U.S. stocks rebound following Tuesday's selloff. YouTube to remove videos containing misinformation about vaccines. J.R. Whalen reports.
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29/09/21•1m 53s
U.S. Stock Futures Gain Following Wall Street Selloff
In Japan, former Foreign Minister Fumio Kishida is set to be the country's next prime minister. United Airlines is preparing to fire almost 600 employees who didn't get vaccinated against Covid-19. Cash-strapped Chinese property developer Evergrande agrees to sell most of its stake in a commercial bank for $1.5 billion. Keith Collins hosts.
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29/09/21•2m 14s
Falling Tech Stocks Pull S&P, Nasdaq Lower
Shares of Microsoft, Facebook and Google parent Alphabet fall more than 3.5%. Republicans block new Democratic effort to raise nation's debt limit. Pfizer's Covid-19 vaccine for children may not receive FDA authorization before November. Charlie Turner reports.
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28/09/21•2m 15s
U.S. Stocks Slump as Bond Yields Rally
Plus: Janet Yellen says Treasury could exhaust cash reserves by Oct. 18. U.S. home prices grew at record pace in July. J.R. Whalen reports.
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28/09/21•2m 3s
GOP Senators Block Bill to Fund Government, Suspend U.S. Debt Limit
Ford plans a U.S. electric-truck factory and three battery factories in a bid to beef up its electric-vehicle business. Two regional Federal Reserve bank chiefs are stepping down. Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen are set to speak at a congressional hearing today. Keith Collins hosts.
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28/09/21•2m 14s
Energy Stocks Rally as Investors Bet on Economic Reopening
Dow edges up as Nasdaq, S&P decline. Brent crude prices reach three-year high. Travel stocks close higher. Bitcoin regains some ground from last week's steep declines. J.R. Whalen reports.
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27/09/21•1m 53s
Facebook Pauses Instagram Kids Project
Plus: New York prepares for healthcare disruptions ahead of Covid-19 vaccine mandate taking effect. Google pushes to overturn a $5 billion European Union antitrust decision on Android. Trenae Nuri reports.
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27/09/21•2m 19s
Germany's Center-Left Clinches Narrow Victory in National Elections
The U.S. Senate is expected to vote today on extending government funding in an effort to avoid a partial government shutdown. Swedish electric-vehicle maker Polestar, which counts Leonardo DiCaprio among its investors, is nearing a deal to go public through a SPAC merger. The World Health Organization is reviving its stalled investigation into the origins of Covid-19. Keith Collins hosts.
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27/09/21•2m 24s
Dow, S&P Edge Higher After Evergrande Payment Deadline Passes
China Evergrande's global bondholders didn't receive interest payment before deadline. Shares of magazine publisher Meredith jump on takeover talks with Barry Diller's IAC. PG&E to face manslaughter charges over 2020 wildfire. J.R. Whalen reports.
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24/09/21•2m 4s
China Declares Cryptocurrency Transactions Illegal
Bitcoin price falls. Arizona GOP's election audit confirms Biden win. Apple faces off with European Union regulators over phone chargers. J.R. Whalen reports.
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24/09/21•1m 51s
U.S. Commerce Secretary Aims to Strengthen Business Ties With China
President Biden is set to meet with the leaders of India, Japan and Australia at the White House today. A CDC panel recommends boosters of the Pfizer-BioNTech Covid-19 vaccine for seniors, nursing-home residents and certain adults with underlying medical conditions. Peter Granitz hosts.
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24/09/21•2m 14s
U.S. Stocks Roar Back From Early-Week Tumble
Major indexes are now up for the week, partly on optimism that any fallout from China Evergrande can be contained. House Speaker Pelosi says Congress won't let the government run out of money. WSJ reports Disney isn't pursuing an outside probe into sexual-assault charges against former ABC producer. Charlie Turner reports.
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23/09/21•2m 30s
U.S. Special Envoy for Haiti Resigns Amid Migrant Crisis
Plus: Environmental Protection Agency completing new rules to cut emissions from coolants. Amazon faces pushback against planned regional headquarters in South Africa. Trenae Nuri reports.
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23/09/21•2m 7s
FDA Clears Covid-19 Booster Shots From Pfizer for High-Risk People
United Airlines faces a lawsuit from a group of employees over its Covid-19 vaccine mandate. Facebook's chief technology officer says he is stepping down. Peter Granitz hosts.
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23/09/21•2m 14s
Fed Signals Possible 2022 Interest Rate Hike
Major U.S. stock indexes gain about 1%. Investor concern over China Evergrande ebbs after it makes bond payment. Apple says it won't reinstate 'Fortnite' developer Epic Games on its App Store until legal battle ends. Charlie Turner reports.
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22/09/21•2m 27s
Hot U.S. Housing Market Cooled Off in August
Existing-home sales dropped 2% from the prior month. U.S. stocks rise as investors await Federal Reserve decision. Pfizer, BioNTech study of Covid-19 vaccine in pregnant women delayed by slow enrollment. J.R. Whalen reports.
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22/09/21•1m 59s
House Passes Funding Bill, Senate to Vote to Avert Shutdown
Uber projects its first-ever adjusted profit this quarter. Amazon's future retail stores will use automation and high-tech dressing rooms to help shoppers. The Federal Reserve is set to wrap up its regular meeting. Peter Granitz hosts.
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22/09/21•2m 19s
U.S. Stocks Finish Mixed as Turnaround Fizzles
Plus: Facebook's Oversight Board launches review of XCheck system at center of WSJ investigation. Zoom's nearly $15 billion deal for Five9 under U.S. government review over China ties. Charlie Turner reports.
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21/09/21•2m 19s
Biden Makes Case for Global Cooperation at U.N. General Assembly
Plus: Johnson & Johnson says booster dose of its Covid-19 vaccine increases protection. Justice Department preparing to challenge American Airlines-JetBlue alliance. J.R. Whalen reports.
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21/09/21•1m 53s
General Motors to Replace Batteries in Recalled Chevy Bolts
U.S. Covid-19 death toll surpasses 1918 flu fatalities. Canadian Prime Minister Justin Trudeau is headed for a third straight electoral victory. U.N. Secretary-General António Guterres says the COP26 climate summit in Glasgow faces a 'high risk of failure.' Marc Stewart hosts.
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21/09/21•2m 27s
Stocks Tumble Over Concerns About Property Developer China Evergrande
Dow closes more than 600 points lower. Nasdaq loses 2.2%. Brent crude futures fall 1.5%. General Motors to replace batteries in recalled Chevy Bolts. J.R. Whalen reports.
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20/09/21•2m 35s
Pfizer, BioNTech Say Their Covid-19 Vaccine Is Safe for Young Children
Plus: CVS makes a hiring push amid worker shortage and increased Covid-19 vaccine demand. U.S. will relax travel restrictions for vaccinated foreign nationals. Trenae Nuri reports.
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20/09/21•2m 7s
Tesla's Planned Driver-Assistance Upgrade Rankles Top Safety Authority
Migrants crossing the border from Mexico to Del Rio, Texas, overwhelm the resources of local, state and federal authorities. At the Emmy Awards, winners include "The Crown" and "Ted Lasso" as streaming networks win big. Hong Kong's Hang Seng index sees a decline. Marc Stewart hosts.
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20/09/21•2m 22s
Down Day for U.S. Stocks Caps Off a Lackluster Week
Plus: FDA advisory panel endorses Covid-19 boosters for people 65-plus or at high risk of severe illness. Biden administration to extend Affordable Care Act sign-up period. Charlie Turner reports.
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17/09/21•2m 16s
U.S. to Target Crypto Ransomware Payments With Sanctions
Plus: United Nations report says the world is off track to meet Paris climate accord targets. U.S. falling short on Covid-19 rapid testing. Trenae Nuri reports.
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17/09/21•2m 29s
Former Boeing Pilot Expected to Face Prosecution in 737 MAX Probe
President Biden steps up efforts to advance his $3.5 trillion spending plan. Investment firm Invesco is in talks to merge with State Street's asset-management business. An FDA advisory panel is set to consider evidence on Covid-19 booster shots today. Keith Collins hosts.
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17/09/21•2m 17s
U.S. Stocks End Day Mostly Lower
Dow, S&P finish down, but Nasdaq manages small gain. General Motors plans to idle factories longer amid chip shortage. Analyst ratings push DoorDash's shares up, Beyond Meat lower. J.R. Whalen reports.
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16/09/21•1m 51s
U.S. Retail Sales Rose 0.7% in August
Initial U.S. jobless claims rose slightly last week, but remain near pandemic low. France calls U.S.-Australia submarine deal a betrayal. Trenae Nuri reports.
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16/09/21•2m 1s
Elon Musk's SpaceX Launches First All-Civilian Flight Toward Orbit
The U.S., the U.K. and Australia are creating a new security partnership in the Indo-Pacific region, as China's influence there grows. Microsoft plans to buy back up to $60 billion of its stock. Keith Collins hosts.
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16/09/21•2m 15s
U.S. Stocks Climb After Market Pullback
Oil prices rally amid output disruptions from Hurricane Ida. Canadian Pacific, Kansas City Southern agree to roughly $31 billion deal. FDA says Covid-19 vaccines remain effective without boosters. Charlie Turner reports.
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15/09/21•2m 8s
U.S. Industrial Production Recovers to Pre-Pandemic Levels
Plus: Justice Department asks federal judge to temporarily block Texas abortion law. Data suggest Tokyo Olympics didn't worsen Covid-19 spread. J.R. Whalen reports.
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15/09/21•1m 57s
California Gov. Gavin Newsom Defeats Recall Effort
President Biden is expected to meet with executives from Disney, Microsoft and other companies today to promote his Covid-19 vaccination plan for the private sector. North Korea test-launches two ballistic missiles off its east coast. Elon Musk's SpaceX is scheduled to launch the first all-civilian mission into orbit tonight. Keith Collins hosts.
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15/09/21•2m 19s
U.S. Stocks Close Lower After Inflation Data
Plus: Apple showcases new iPhone 13, iPad and Watch. Casino stocks fall on fears of increased Macau regulations. Amazon adding 125,000 workers in U.S., opening 100 new facilities. Charlie Turner reports.
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14/09/21•2m 19s
Consumer Prices Grew More Slowly in August
Census figures show Americans' incomes fell in 2020 and the poverty rate rose. Iranian guards physically harassed female U.N. nuclear inspectors, diplomats say. J.R. Whalen reports.
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14/09/21•1m 58s
Kroger, Instacart Team Up to Target 30-Minute Grocery Delivery
Apple issues a security update for iPhones after researchers said they found a software flaw that was being exploited to infect the devices. Apple is expected to reveal new offerings at its annual fall launch event today. Senate Republicans threaten to block Treasury nominations until the company managing Russia's Nord Stream 2 pipeline project is sanctioned. California Gov. Gavin Newsom faces a recall vote today. Keith Collins hosts.
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14/09/21•2m 18s
Energy Shares Jump After OPEC Forecasts Higher Oil Demand
Dow, S&P 500 close higher, while Nasdaq slips. Uranium stocks jump amid attention from Reddit's WallStreetBets forum. Airbnb's shares fall on Goldman Sachs "sell" recommendation. Intuit nears $12 billion deal to buy Mailchimp. J.R. Whalen reports.
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13/09/21•2m 15s
Antony Blinken to Face Lawmakers Over Afghanistan Withdrawal
Plus: National Institutes of Health reviews removal of coronavirus gene sequences. Walmart says litecoin partnership news release is fake. J.R. Whalen reports.
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13/09/21•2m 0s
House Democrats Consider Raising Corporate Tax Rate to 26.5%
Media conglomerate ViacomCBS plans to revamp Paramount Pictures. At the U.S. Open, top-seeded Novak Djokovic loses to second-ranked Daniil Medvedev of Russia. The first trial related to the Varsity Blues college-admissions scandal is set to start today. Keith Collins hosts.
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13/09/21•2m 14s
U.S. Stocks Close Out Choppy Week With Losses
Apple's shares fall 3.3% after mixed ruling in Epic Games case. Metal prices rally after phone call between Presidents Biden and Xi Jinping. Charlie Turner reports.
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10/09/21•2m 25s
Apple Trial Ends in Mixed Verdict
Judge rules Apple isn't a monopolist in mobile gaming transactions but blocks its prohibition on alternate payment systems. Biden administration releasing billions in Covid-19 relief for hospitals after Congressional pressure. Centrist House Democrats to offer rival proposal on drug prices. J.R. Whalen reports.
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10/09/21•2m 9s
Biden Boosts Covid-19 Vaccine Requirements for Large Businesses
President Biden spoke with Chinese leader Xi Jinping in an effort to help ease tensions between the two sides. DoorDash, Grubhub and Uber Eats sue New York City over its law capping the commissions the food-delivery apps can charge restaurants. Keith Collins hosts.
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10/09/21•2m 11s
Dow, S&P Post Fourth Straight Daily Loss
Moderna says it is developing a combination Covid-19 and flu vaccine. President Biden to require large employers to mandate Covid vaccines or weekly tests. JPMorgan to buy restaurant-discovery service the Infatuation. Lululemon revenue exceeds expectations. J.R. Whalen reports.
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09/09/21•2m 9s
New U.S. Jobless Claims Fell to Pandemic Low Last Week
Initial filings for unemployment benefits dropped to 310,000. Amazon to offer free bachelor's degrees for U.S. workers. President Biden to require federal workers, government contractors be vaccinated against Covid-19. J.R. Whalen reports.
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09/09/21•1m 59s
White House to Unveil Plan for Cutting Prescription-Drug Prices
In Afghanistan, Taliban authorities are allowing 200 Americans and other foreign citizens to fly out of Kabul. A judge rules that Boeing's board must face a shareholder lawsuit related to the 737 MAX. Keith Collins hosts.
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09/09/21•2m 19s
U.S. Stocks Stumble, Ending Day Lower
Federal Reserve's Beige Book report finds U.S. economic recovery slowed this summer. Bitcoin's selloff eases after Tuesday's flash crash. Coinbase shares fall 3.2% on regulators' threat to its planned crypto lending program. Charlie Turner reports.
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08/09/21•2m 11s
Most Gulf Oil Production Remains Offline After Hurricane Ida
Plus: Coinbase says SEC plans enforcement action over crypto lending program. Virginia removes Robert E. Lee statue in Richmond. J.R. Whalen reports.
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08/09/21•2m 14s
Theranos Founder Elizabeth Holmes's Trial Is Set to Begin
PayPal agrees to buy Japanese "buy now, pay later" services provider Paidy. Activist hedge fund Elliott Management has a more than $1 billion stake in software company Citrix Systems. Keith Collins hosts.
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08/09/21•2m 8s
Mixed Day for U.S. Stocks After Long-Weekend Break
New Apple iPhone expected to be unveiled at Sept. 14 event. Toyota to spend $9 billion on electric-car battery plants. Blackstone to buy Chamberlain Group for about $5 billion. Match Group to be included in S&P 500 index. AMC reports record Labor Day weekend admissions. J.R. Whalen reports.
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07/09/21•2m 23s
Taliban Cements Control in Afghanistan With New Government
U.S. working with Taliban on flying out remaining Americans. Intel plans to invest up to $95 billion in European chip-making. Chinese authorities drop case against former Alibaba manager accused of sexual assault. J.R. Whalen reports.
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07/09/21•1m 57s
El Salvador Becomes the First Country to Adopt Bitcoin as Legal Tender
Aerospace contractors Lockheed Martin and Northrop Grumman invest in a spacecraft-refueling startup. One of Boeing's biggest customers, Ireland's Ryanair, walks away from talks for a new 737 MAX order. Keith Collins hosts.
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07/09/21•2m 2s
U.S. Stocks End Mixed After Weak Jobs Report
Investors expect Federal Reserve to hold off on reducing bond purchases. Nasdaq edges up to new record. Federal health officials ask White House to delay start of planned Covid-19 booster campaign. Charlie Turner reports.
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03/09/21•2m 18s
U.S. Added Sharply Fewer Jobs Than Expected in August
Economy added 235,000 jobs as Delta variant appears to be denting consumer spending growth and confidence. Apple to delay iPhone update that would scan devices for child pornography. Sugar prices soar after Brazil cold snap. J.R. Whalen reports.
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03/09/21•2m 5s
President Biden to Visit Louisiana to Survey Hurricane Ida Damage
In the Northeast U.S., which was hit by the remnants of Ida, the death toll rose to at least 45 people. Japanese Prime Minister Yoshihide Suga decides to step down. Walmart raises its minimum wage to $12 an hour. The U.S. Labor Department is set to report August jobs numbers today. Keith Collins hosts.
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03/09/21•2m 5s
U.S. Stocks Rise on Falling Jobless Claims
Spotify's stock jumps after Apple loosens payment restrictions on media apps. FDA weighs authorizing a lower dose for Moderna's booster shot. Ford and General Motors will further cut back production due to the chip shortage. Charlie Turner reports.
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02/09/21•2m 18s
Ida Floods Kill at Least Eight in New York, New Jersey
New weekly U.S. unemployment claims fall to pandemic low of 340,000. Facebook's WhatsApp fined for EU privacy violations. Grocers prepare for possible snack shortages as Mondelez workers strike. Charlie Turner reports.
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02/09/21•2m 19s
Supreme Court Rejects Request to Block New Texas Abortion Law
New York City declares a state of emergency as the region is hit by the remnants of Hurricane Ida. OxyContin maker Purdue Pharma wins court approval for a bankruptcy plan shielding the company's owners from opioid-epidemic lawsuits. Keith Collins hosts.
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02/09/21•2m 9s
Nasdaq Hits New High; Dow Falls Slightly
U.S. stocks continue a calm stretch. Amazon seeks to hire 55,000 for corporate, tech roles. Apple to add driver's licenses to Apple Wallet. Charlie Turner reports.
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01/09/21•2m 15s
Texas Abortion Law Takes Effect Pending Supreme Court Action
Plus: Search and rescue efforts underway following U.S. Navy helicopter crash near San Diego. WSJ analysis finds states that cut enhanced unemployment benefits saw limited impact on job growth. J.R. Whalen reports.
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01/09/21•1m 58s
White House to Unveil Steps for Easing Housing-Supply Shortage
The Social Security program's financial health was dealt a blow by the pandemic. Walmart plans to hire 20,000 supply-chain workers ahead of the holidays. Keith Collins hosts.
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01/09/21•1m 54s
U.S. Stocks Edge Lower But Still Post Monthly Gains
Plus: South Korea set to require Google and Apple to open their app stores to alternative payment systems. Zoom's shares tumble on lower-than-expected earnings guidance. Fidelity plans to hire 9,000 people this year. Charlie Turner reports.
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31/08/21•2m 22s
U.S. Home Prices Grew at Record Pace in June
House rents pop amid increasing demand from people who can't afford to buy homes. Jury selection begins today in criminal fraud trial of Theranos founder Elizabeth Holmes. J.R. Whalen reports.
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31/08/21•2m 2s
Louisiana Assesses Damage From Hurricane Ida
U.S. forces complete their withdrawal from Afghanistan, ending the nearly 20-year war. China's economic recovery suffers a setback amid a new wave of Covid-19 cases. Marc Stewart hosts.
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31/08/21•2m 5s
Airline Stocks Fall as EU Recommends Limiting Travel From U.S.
Dow loses ground, while S&P 500 and Nasdaq set records again. Baxter International, Hill-Rom shares jump on deal talks. Crude oil falls 1% after Hurricane Ida's landfall. J.R. Whalen reports.
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30/08/21•2m 4s
Study Offers Reassurance on Severe Covid Complications in Children
Plus: Aviation regulators weigh additional safeguards for some of United Airlines' Boeing 777s. China limits online videogames to three hours a week for young people. J.R. Whalen reports.
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30/08/21•2m 11s
Hurricane Ida Batters Louisiana, Knocking Out Power
The European Union is set to recommend halting nonessential travel from the U.S. to help fight the spread of Covid-19. The U.S. says it launched a drone strike targeting suspected suicide bombers near Kabul's airport. Medical technology company Baxter is in advanced talks to buy medical equipment maker Hill-Rom for about $10 billion. Keith Collins hosts.
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30/08/21•2m 22s
Powell Comments Spur S&P, Nasdaq to New Records
Plus: ESPN explores sports-betting licensing deal worth at least $3 billion. Peloton predicts slowing growth, says U.S. government has subpoenaed it. VMWare's cloud revenue growth falls short of expectations. J.R. Whalen reports.
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27/08/21•2m 20s
Crowds Return to Kabul Airport Even as U.S. Warns of Further Attacks
Plus: Federal Reserve Chairman Jerome Powell says central bank could start scaling back stimulus this year; U.S. stocks rise after his comments. J.R. Whalen reports.
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27/08/21•1m 49s
China Plans to Ban U.S. IPOs for Data-Heavy Tech Firms
Apple is set to let app developers alert users to alternate payment methods. Southwest Airlines makes cuts to its fall flight schedule. Federal Reserve Chairman Jerome Powell is expected to make a speech at the Kansas City Fed's annual meeting. Marc Stewart hosts.
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27/08/21•2m 12s
Kabul Attack Kills 12 U.S. Service Members, at Least 60 Afghans
Plus: U.S. stocks close lower after several record days. Williams-Sonoma increases quarterly dividend and share buyback program. Autodesk's third-quarter revenue and profit forecasts come in below analysts' estimates. J.R. Whalen reports.
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26/08/21•1m 58s
Explosions at Kabul Airport Hit Crowds Amid Evacuations
At least three U.S. troops injured, multiple Afghans reported killed. Initial U.S. jobless claims rise but hold near pandemic low. Hacker says lax security made it easier to steal data on 50 million T-Mobile customers. J.R. Whalen reports.
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26/08/21•2m 3s
U.S. Authorities Probe Deutsche Bank's DWS Over Sustainability Claims
Western Digital is in advanced talks to merge with Japan's Kioxia in a deal valued at more than $20 billion. Covid-19 hospitalizations in the U.S. have surpassed 100,000 for the first time since January, according to the latest government data. Dollar General and Peloton are among the companies reporting quarterly results today. Marc Stewart hosts.
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26/08/21•2m 25s
U.S. Stocks Edge Higher After S&P 500, Nasdaq Hit Records
Financial stocks gain as investors sell bonds. House deadline for infrastructure bill boosts industrials and materials-related stocks. Western Digital in advanced talks to merge with Kioxia. Salesforce.com sales jump. J.R. Whalen reports.
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25/08/21•2m 6s
J&J Says Covid-19 Booster Shot Prompts Strong Immune Response
Plus: Delta Air Lines to impose $200 monthly surcharge for unvaccinated employees. Treasury Department says only a fraction of pandemic rental assistance has been distributed. J.R. Whalen reports.
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25/08/21•1m 57s
House Passes $3.5 Trillion Budget Blueprint
Goldman Sachs will require Covid-19 vaccinations for employees and visitors entering its offices. The origins of Covid-19 remain unclear, according to a new assessment by U.S. spy agencies. Eyewear maker Warby Parker plans to go public. Marc Stewart hosts.
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25/08/21•2m 19s
S&P, Nasdaq Climb to New Records
U.S. stocks gain for second day after FDA approves Covid-19 vaccine. Rising oil prices propel energy stocks higher. Palo Alto Networks reports better-than-expected revenue growth. Best Buy says sales rose in second quarter. CrowdStrike to be added to Nasdaq 100 Index. J.R. Whalen reports.
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24/08/21•2m 4s
CIA Chief Held Secret Meeting With Senior Taliban Figure in Kabul
Plus: Federal medical panel recommends diabetes screening for overweight adults starting at age 35. Disney strikes deal with union for theme-park workers to be fully vaccinated by Oct. 22. J.R. Whalen reports.
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24/08/21•2m 9s
Boeing Faces Review By Federal Aviation Administration
Chip maker Intel joins a U.S. government program to boost domestic chip production. Walmart is opening up its in-house delivery platform to other businesses so independent contractors can make additional deliveries. President Biden is set to meet virtually with G-7 leaders over Afghanistan. Marc Stewart hosts.
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24/08/21•2m 26s
U.S. Stocks Jump After FDA Approves Covid-19 Vaccine
Nasdaq advances more than 1.5%, Dow and S&P gain less than a percent. Boeing plans investment in Virgin Orbit's $3.2 billion SPAC. Bitcoin tops $50,000 before retreating. J.R. Whalen reports.
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23/08/21•2m 24s
FDA Gives Full Approval to Pfizer-BioNTech Covid-19 Vaccine
Regulators clear shot for people 16 years and older. U.S. stocks open the week higher. Sales of U.S. homes rose 2% in July amid higher inventory. J.R. Whalen reports.
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23/08/21•1m 53s
Pentagon Orders U.S. Airlines to Help With Afghanistan Evacuees
President Biden says his administration may extend the Aug. 31 deadline for withdrawing troops from Afghanistan. At least 21 are dead and dozens missing after flash flooding in Tennessee. Tropical Depression Henri makes landfall in Rhode Island. Existing-home sales data for July is set to be released today. Marc Stewart hosts.
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23/08/21•2m 27s
U.S. Stocks Close Higher But Post Weekly Losses
Oil prices slip more than 2%. Foot Locker reports strong results in women's and kids' footwear departments. T-Mobile now says more than 54 million user records were compromised. Janet Babin reports.
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20/08/21•2m 35s
Business Groups Sue to Stop Healthcare Pricing Transparency Rule
Plus: China passes strict data-privacy law. Iraqi lawmakers call for probe into GE, Siemens electricity contracts. Recently named "Jeopardy!" host Mike Richards steps down. Charlie Turner reports.
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20/08/21•2m 38s
Elon Musk Says Tesla Is Working on a Humanoid Robot Using AI
Johnson & Johnson's CEO is stepping aside and his lieutenant is set to succeed him. An internal U.S. State Department memo last month warned top agency officials of Kabul's potential collapse. Online sports-merchandise retailer Fanatics reorders the world of trading cards. Keith Collins hosts.
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20/08/21•2m 18s
FTC Files New Antitrust Lawsuit Against Facebook
U.S. stocks end mixed after a choppy day of trading. Bath & Body Works' shares jump after earnings beat analysts' expectations. Charlie Turner reports.
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19/08/21•2m 19s
Amazon to Open Retail Locations Akin to Department Stores
Plus: U.S. jobless claims fall to pandemic low of 348,000. Toyota to cut production in Japan amid chip shortage. Some states see record Covid-19 hospitalizations. Charlie Turner reports.
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19/08/21•2m 26s
Alaska Oil Permits Blocked by Federal Judge
President Biden tells nursing homes to vaccinate their staffs against Covid-19, or risk losing Medicare and Medicaid funds. In an exclusive interview with WSJ, Securities and Exchange Commission Chairman Gary Gensler says some new decentralized cryptocurrency finance projects may need regulation. In California, the Caldor Fire explodes in size, forcing the evacuation of thousands of people. Keith Collins hosts.
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19/08/21•2m 27s
U.S. Stocks Fall After Release of Fed Minutes
Fed policy minutes indicate officials are on track to start reversing easy-money policies later this year. Dow, S&P lose more than 1%. Robinhood posts doubling of revenue, big loss in first quarter since going public. Democratic senators call for FTC probe into Tesla's marketing. Charlie Turner reports.
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18/08/21•2m 22s
Covid-19 Booster Shot to Be Offered to Vaccinated Americans
Doctors turn to antibody drugs amid surge of Covid cases. T-Mobile says hackers stole information on more than 40 million people. Target sales jump 8.9%. Charlie Turner reports.
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18/08/21•2m 23s
PG&E Shuts Off Power to Some in California to Reduce Wildfire Risk
The U.S. extends the mask mandate for passengers on commercial flights and other modes of transportation through Jan. 18. The Biden administration is expected today to call for a Covid-19 booster shot for many Americans. The U.S. recently halted dollar shipments to Afghanistan to keep cash out the Taliban's hands. Robinhood and Target are among the companies reporting earnings today. Keith Collins hosts.
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18/08/21•2m 19s
U.S. Stocks Pull Back After Weak Retail Sales Report
Shares of retailers and other cyclical companies decline. Nasdaq sheds nearly 1%. Shares of Pfizer and Moderna rise sharply. Biden administration expected to call for Covid-19 booster shots. Charlie Turner reports.
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17/08/21•2m 6s
Thousands Remain Stranded as Taliban Consolidate Control in Kabul
Plus: U.S. retail sales fell 1.1% in July as spending fell across categories. Walmart reports rise in sales as shoppers return to stores despite Delta surge. Charlie Turner reports.
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17/08/21•2m 16s
Biden Administration Expected to Call for Covid-19 Booster Shots
President Biden orders the allocation of up to $500 million in emergency funds to help Afghan refugees. German media company Axel Springer is in talks to buy an ownership stake in Washington D.C. publisher Politico. The U.S. declares the first-ever shortage of water on the Colorado River, causing cutbacks in several Southwestern states. Keith Collins hosts.
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17/08/21•2m 12s
Dow, S&P Hit New Records Despite China Worries
Investors shake off concerns about an economic slowdown in China. Oil prices fall sharply. Pfizer and BioNTech seek FDA approval for Covid-19 booster shot for the general public. Charlie Turner reports.
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16/08/21•2m 9s
U.S. Sending More Troops to Restore Order at Kabul Airport
President Biden to deliver remarks on Afghanistan this afternoon. U.S. auto-safety regulators investigate Tesla's advanced driver-assistance system Autopilot. Federal Reserve policymakers near agreement to begin scaling back easy-money policies. Charlie Turner reports.
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16/08/21•2m 27s
Three Killed at Kabul Airport as Afghans Race to Escape Taliban
Thousands of Afghans have converged on the capital city's airport in hopes of getting a flight out after the Taliban takeover on Sunday. The death toll from the earthquake in Haiti rose to almost 1,300. China's economy slowed more than expected in July. U.S. House Speaker Nancy Pelosi looks at advancing both a $1 trillion infrastructure package and a $3.5 trillion budget blueprint. Keith Collins hosts.
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16/08/21•2m 15s
U.S. Stocks Inch Higher as Strong Earnings Reports Keep Rolling In
Dow, S&P end week with gains, but Nasdaq notches small weekly loss. Small-business confidence falls to lowest level since early spring amid rise of Delta Covid-19 variant. Charlie Turner reports.
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13/08/21•2m 13s
Child Tax Credit Payments Go Out to More Households
Plus: U.S. consumer sentiment drops on concerns about Delta variant. More job postings require Covid-19 vaccination. J.R. Whalen reports.
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13/08/21•1m 49s
FDA Clears Covid-19 Boosters for Some With Weak Immune Systems
The next launch of Boeing's Starliner space capsule could face a delay of several months. U.S. troops are sent to help evacuate some embassy personnel from Afghanistan while the Taliban seizes more cities as the group's forces advance toward the capital city of Kabul. Keith Collins hosts.
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13/08/21•2m 11s
Vaccine Stocks Jump as FDA Nears Decision on Boosters
Dow, S&P rise to another record close. Adidas to sell Reebok to Authentic Brands for about $2.5 billion. Disney reports jump in sales and more streaming subscribers. DoorDash revenue doubles. Airbnb revenue quadruples. J.R. Whalen reports.
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12/08/21•2m 21s
Surge in Home Prices Across the U.S. Continued in Second Quarter
Plus: New U.S. jobless claims fell to 375,000 last week. Bankruptcy trial of OxyContin maker Purdue Pharma begins today in New York. J.R. Whalen reports.
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12/08/21•1m 54s
FDA Nears Decision on Covid-19 Boosters for Some Vulnerable People
Detailed results from the 2020 U.S. census set for release today might show the first drop in the nation's white population. A new bipartisan Senate bill is targeting how app stores operate. Disney and Airbnb are among the companies set to report results today. Keith Collins hosts.
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12/08/21•2m 14s
Dow, S&P Climb After Inflation Data
Tech stocks' lag holds back Nasdaq. Cryptocurrency exchange Coinbase posts higher revenue and usage. EBay's revenue and earnings beat estimates, but active buyers decline. Charlie Turner reports.
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11/08/21•2m 10s
Inflation Rate Stayed High at 5.4% in July
Plus: White House urges OPEC to boost oil output. India in talks with Western Covid-19 vaccine makers to secure more doses. J.R. Whalen reports.
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11/08/21•1m 58s
Senate Passes Democrats' $3.5 Trillion Budget Blueprint
China sentences a Canadian citizen to 11 years in prison for espionage in a case at the center of a diplomatic standoff. President Biden is set to urge companies to require Covid-19 vaccinations for their workers. U.S. consumer inflation figures are set to be released today. Keith Collins hosts.
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11/08/21•2m 12s
Dow, S&P Climb After Senate Passes Infrastructure Bill
Crude oil futures gain 3%, pushing up energy stocks. Canadian Pacific raises bid to buy Kansas City Southern. Progressive opposition to Jerome Powell clouds his chances for second term as Fed chairman. Charlie Turner reports.
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10/08/21•2m 13s
Andrew Cuomo Resigns as New York Governor
Plus: Senate passes $1 trillion infrastructure bill. Dominion sues Newsmax, One America News Network, others over election claims. J.R. Whalen reports.
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10/08/21•2m 25s
NBC Draws Its Lowest Summer Olympics Ratings for Tokyo Games
Online sports-merchandise retailer Fanatics raised new funding, including from rapper Jay-Z, that values the company at $18 billion. Travel-booking companies HotelPlanner and Reservations.com are close to a deal to merge and go public. The Senate is expected to pass the roughly $1 trillion bipartisan infrastructure package today. Keith Collins hosts.
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10/08/21•2m 13s
Oil Prices Slide Amid Rise of Delta Variant
Dow, S&P lose ground. Canadian Pacific plans higher bid for Kansas City Southern. Berkshire Hathaway shares edge up on higher profit report. DraftKings to buy Golden Nugget Online Gaming. Bitcoin nears highest price since May, boosting Coinbase shares. Hertz plans to relist amid travel rebound. J.R. Whalen reports.
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09/08/21•2m 45s
Senate Democrats Outline $3.5 Trillion Antipoverty, Climate Package
Plus: Alibaba fires manager accused of sexual assault. Canada reopens U.S. border to fully vaccinated Americans. J.R. Whalen reports.
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09/08/21•2m 0s
Judge Backs Norwegian Cruise Line on Proof of Covid-19 Vaccinations
The Senate clears the way for passage of the roughly $1 trillion bipartisan infrastructure package. A new United Nations panel report says some effects of climate change may be irreversible for centuries. New York Gov. Andrew Cuomo's top aide says she is resigning. Keith Collins hosts.
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09/08/21•2m 19s
Dow, S&P Close at Record Highs Following Strong Jobs Report
Plus: Amazon will require all warehouse workers to wear masks. SEC approves Nasdaq's proposal to include gender and race in its listing rules. Charlie Turner reports.
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06/08/21•2m 28s
Unemployment Rate Fell in July as U.S. Economy Added 943,000 Jobs
Plus: Walmart gives weekly bonuses to keep warehouse workers. United Airlines to require Covid-19 vaccination for all U.S. employees. J.R. Whalen reports.
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06/08/21•2m 0s
U.S. Business Groups Call on Biden to Restart China Trade Talks
The Congressional Budget Office finds that the infrastructure package would widen the federal budget deficit by $256 billion over 10 years. Spirit Airlines' CEO apologizes for several days of flight cancellations. The Labor Department is set to release July's jobs numbers today. Keith Collins hosts.
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06/08/21•2m 18s
Investors Cheer Drop in U.S. Jobless Claims
Food and Drug Administration nears strategy on Covid-19 vaccine booster. Moderna plans to seek full Covid vaccine approval this month. Robinhood stock falls on news that early investors may sell. AIG swings to profit. J.R. Whalen reports.
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05/08/21•2m 32s
Exxon Considers 'Net Zero' Carbon Pledge
Plus: Moderna recommends Covid-19 vaccine booster. N.Y. Assembly nears completion of impeachment probe of Gov. Andrew Cuomo. J.R. Whalen reports.
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05/08/21•2m 7s
U.S. to Set Electric-Vehicle Sales Target of 50% by 2030
Some White House and Food and Drug Administration officials consider a faster timeline for full approval of the Pfizer-BioNTech Covid-19 vaccine. Grill maker Weber prices its initial public offering below expectations. Moderna and ViacomCBS are set to report earnings today. Keith Collins hosts.
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05/08/21•2m 17s
U.S. Stocks End Mostly Lower on Concerns of Faltering Recovery
S&P 500, Dow lose ground while Nasdaq manages small gain. New York Auto Show is canceled. Robinhood's shares jump 50% as options trading begins. Uber posts record bookings. Charlie Turner reports.
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04/08/21•2m 22s
Weak Jobs Data Weighs On U.S. Stocks
Plus: General Motors posts $2.8 billion quarterly profit, says computer-chip shortage will hit second-half results. World Health Organization calls for halt to Covid-19 booster shots. J.R. Whalen reports.
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04/08/21•1m 52s
Spirit Airlines Cancel More Flights for a Third Straight Day
The Biden administration issues a new Covid-19 moratorium on evictions. Lumen Technologies agrees to sell a part of its U.S. telecommunications network to Apollo Global Management. Boeing decides not to make another attempt to launch its Starliner space capsule today. Keith Collins hosts.
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04/08/21•2m 16s
Biden, Pelosi Call on Cuomo to Resign
Plus: U.S. stocks shake off early losses. Under Armour, Ralph Lauren deliver strong quarterly earnings reports. U.S.-listed shares of Chinese tech companies fall amid fears of further restrictions. Charlie Turner reports.
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03/08/21•2m 12s
New York Gov. Cuomo Sexually Harassed Multiple Women, Probe Finds
Plus: New York City to require vaccination for many indoor activities. Boeing cancels second attempt to launch its Starliner space taxi. J.R. Whalen reports.
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03/08/21•1m 47s
Labor Official Backs New Vote for Alabama Amazon Workers, Union Says
PepsiCo plans to sell Tropicana and other juice brands to a private-equity firm. Shares of Tencent and other Chinese tech companies fall after a state-media report criticizes gaming. At the Tokyo Olympics, gymnast Simone Biles wins the bronze in the balance beam final. Boeing is set to launch its Starliner space capsule today. Keith Collins hosts.
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03/08/21•2m 24s
U.S. Stocks Cool After Early Bump, Close Mixed
Dow, S&P close down as Nasdaq manages small gain. Square's shares jump 10% on deal to buy Australia's Afterpay. Foot Locker to buy two retailers for $1.1 billion. Oil futures fall 3.3%. J.R. Whalen reports.
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02/08/21•1m 58s
Strong Earnings Push U.S. Stocks Higher at Start of New Month
Plus: New data shows U.S. factory growth remained strong in July, but shortages persist. Reese Witherspoon's Hello Sunshine to be sold to media company backed by Blackstone for about $900 million. J.R. Whalen reports.
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02/08/21•1m 55s
Senate Poised to Vote on Infrastructure Package This Week
Fintech company Square agrees to acquire Australia's Afterpay in a deal valued at around $29 billion. Foot Locker is buying two smaller retailers for a total of about $1.1 billion. Money-management firms are crowding out venture capitalists in funding U.S. tech startups. At the Tokyo Olympics, gymnast Simone Biles is set to compete in the balance beam final on Tuesday. Keith Collins hosts.
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02/08/21•2m 18s
Markets Rise More Than 1% During July
Markets lost ground on Friday and over the past week on various crosscurrents. Among them - signs the pace of economic growth may be slowing, persistent snarls in global supply chains and China's clampdown on tech and Internet businesses. Pinterest's stock falls 18% as its monthly average user count falls in the second quarter. Charlie Turner reports.
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30/07/21•2m 18s
June Consumer Spending Rises 1%
But the gains were recorded before the latest upswing in Covid-19 cases, clouding the economic outlook. Walmart is reinstating a mask mandate for workers in high-risk counties. The SEC wants more disclosures from Chinese companies before allowing them to sell shares in the U.S. The American women beat the Netherlands in Olympic soccer. Charlie Turner reports.
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30/07/21•2m 45s
Biden Calls on States to Offer Payments to Encourage Vaccination
President Biden says federal employees must get vaccinated against Covid-19 or submit to regular testing. The launch of Boeing's Starliner space capsule is postponed after a mishap at the International Space Station. In Hong Kong, the first person convicted under Beijing's national-security law is sentenced to prison. Procter & Gamble's CEO is stepping aside. Keith Collins hosts.
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30/07/21•2m 12s
Stocks Rise after GDP Data
The major U.S. indexes fall shy of records following disappointing reports on GDP and jobless claims. Robinhood loses 8.4% in trading debut. Amazon's stock falls after weaker-than-expected results. Charlie Turner reports.
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29/07/21•2m 11s
US Economy Grew 6.5% in the Second Quarter
The reopening powered the GDP's surge, but growth is expected to slow in coming months. Chinese ride-hailing giant Didi Global is considering going private again. Prices for some grocery staples are expected to rise. US gymnast Sunisa Lee wins the all-around gold at the Tokyo Olympics. Charlie Turner reports.
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29/07/21•2m 35s
Credit Suisse Employees Failed to Act on Archegos Risks, Report Says
Robinhood prices its initial public offering at $38 a share and is set to begin trading on the Nasdaq stock exchange today. Emergent BioSolutions plans to restart Johnson & Johnson Covid-19 vaccine production at its Baltimore plant. The roughly $1 trillion bipartisan infrastructure deal advances in the Senate. Amazon, Comcast and Merck are among the companies reporting earnings today. Keith Collins hosts.
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29/07/21•2m 18s
Fed Hints It Could Reduce Bond-Buying Program in Coming Months
The Fed said the economy has made progress on its unemployment and inflation goals, hinting it could reduce asset purchases later this year. Facebook reports strong quarterly results, but expects revenue growth to slow in the second half of the year. Charlie Turner reports.
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28/07/21•2m 19s
Investor Await Fed Statement on Easy-Money Policy
Fed policymakers wrap up their monthly meeting today, and investors are watching for signs on how and when the Fed will pare back its bond-buying programs. Boeing reports its first quarterly profit in nearly two years. Activision Blizzard hires a law firm to investigate complaints of workplace sexual harassment. Charlie Turner reports.
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28/07/21•2m 28s
White House Proposes Tightening the Government's 'Buy American' Policy
Credit Suisse is likely to publish details of the failures related to the collapse of Archegos Capital Management. Online trading platform Robinhood's initial public offering is expected to price today. At the Tokyo Olympics, U.S. gymnastics star Simone Biles pulls out of another event. Facebook, Pfizer and Boeing are set to report earnings today. Keith Collins hosts.
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28/07/21•2m 21s
Stocks Finish Lower Ahead of Big Tech Earnings
Apple, Microsoft and Alphabet report strong quarterly results. UPS shares fall 7% as shipping volume declines. J.R. Whalen reports.
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27/07/21•2m 25s
CDC to Recommend Vaccinated People Wear Masks
Plus: Atlanta spa shooter receives four life sentences. U.S. home prices continue to rise at record pace. U.S. gymnast Simone Biles withdraws from team competition at the Tokyo Olympics. J.R. Whalen reports.
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27/07/21•2m 20s
Apple, Microsoft and Google Owner Alphabet Are Set to Report Earnings
Intel commits to making the world's best chips by 2025. North Korea reopens lines of communication with South Korea. In Hong Kong, the first person charged under a Beijing-imposed national-security law is found guilty. At the Tokyo Olympics, Japanese tennis star Naomi Osaka is eliminated. Keith Collins hosts.
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27/07/21•2m 15s
Dow, S&P Hit Fresh Records
Plus: Tesla reports record quarterly profits. Bitcoin climbs to a six-week high on speculation about Amazon and cryptocurrencies. J.R. Whalen reports.
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26/07/21•2m 4s
AON, Willis Towers Watson Scrap $30 Billion Merger
Plus: School districts consider changing mask requirements as Covid-19 cases from the Delta variant increase. Also, severe flooding in Western India kills at least 150 people. J.R. Whalen reports.
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26/07/21•2m 0s
Tesla Set to Kick Off Big Week for U.S. Tech Earnings
Bitcoin jumps to a six-week high. Global investors pour a record amount of funds into U.S. financial assets. The U.S. steps up airstrikes in southern Afghanistan. Congressional lawmakers work to pave the way for a Senate vote to advance the infrastructure package this week. Keith Collins hosts.
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26/07/21•2m 9s
Dow Closes Above 35000 for the First Time
All three U.S. indexes hit record territory. Snap shares rise 24% on strong quarterly revenue. GM shares fall 1.5% on the company's second Chevy Bolt recall due to battery problems. J.R. Whalen reports.
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23/07/21•2m 10s
Vaccine Makers Seek to Apply mRNA Tech to Flu
Plus: Electric-vehicle sales growth in U.S. outpace broader auto industry. Disabled South Korean mountaineer missing after falling during descent. J.R. Whalen reports.
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23/07/21•2m 10s
Tokyo Olympics to Hold a Scaled-Backed Opening Ceremony Today
Intel's CEO says the global chip shortage could extend into 2023. A U.S. vaccine advisory panel signals preliminary support for Covid-19 booster shots for people with compromised immune systems. Keith Collins hosts.
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23/07/21•2m 18s
U.S. Stocks Inch Higher After Two Days of Strong Gains
Intel sales bolstered by strong PC demand. Texas Instruments warns of slower growth in the third quarter. Domino's Pizza rolling out share repurchase plan. Janet Babin reports.
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22/07/21•2m 9s
Unemployment Rolls Shrink, But New Applications Rise
Initial U.S. jobless claims increased to 419,000 last week. U.S. home prices hit new high in June. American Airlines, Southwest report profit, lifted by demand and government aid. Christopher Zinsli reports.
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22/07/21•1m 56s
PG&E, in a Reversal, Now Plans to Bury Power Lines in Fire-Prone Areas
Tokyo Olympics organizers fire a senior director of the opening ceremony one day before the event. BDG Media, the owner of Bustle and other websites, is preparing to go public in a SPAC deal later this year. AT&T, Intel and Twitter are set to report earnings today. Keith Collins hosts.
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22/07/21•2m 16s
Strong Corporate Earnings Push U.S. Stocks Higher
Johnson & Johnson reports higher sales as healthcare demand returns. Coca-Cola boosts yearly outlook. Chipotle stock hits a record. J.R. Whalen reports.
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21/07/21•2m 9s
Dow Up 200 Points as Market Rebound Continues
Delta variant of Covid-19 isn't expected to dent robust U.S. recovery. Pfizer, BioNTech join effort to produce Covid vaccines in Africa. J.R. Whalen reports.
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21/07/21•2m 2s
U.S. Agrees to Drop Opposition to Russia's Nord Stream 2 Gas Pipeline
Software maker Cvent agrees to a SPAC merger deal that will take the company public. U.S. life expectancy fell by 1.5 years in 2020. The Milwaukee Bucks defeat the Phoenix Suns to win their first NBA championship in 50 years. Brisbane, Australia, is confirmed to host the 2032 Summer Olympics. Keith Collins hosts.
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21/07/21•2m 16s
Travel Stocks Rebound, Pushing Major Indexes Higher
Oil prices tick up. HCA Healthcare reports revenue rebound. Comcast, ViacomCBS leaders discussed streaming partnership. Bitcoin falls below $30,000. Netflix reports 1.5 million new sign-ups in second quarter. J.R. Whalen reports.
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20/07/21•2m 20s
Dow Rebounds After Biggest One-Day Decline in Months
Plus: India's Covid-19 death toll is likely in the millions, study finds. Jeff Bezos and crew complete successful Blue Origin space flight. J.R. Whalen reports.
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20/07/21•1m 52s
Jeff Bezos Is Set to Fly to Space Aboard Blue Origin Rocket Today
Comcast and ViacomCBS executives recently met to discuss a potential streaming partnership outside the U.S. The outlines of a $26 billion opioid settlement deal between states and major drug industry players are expected to be revealed this week. U.S. stock futures rise a day after a sharp selloff on Wall Street. Keith Collins hosts.
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20/07/21•2m 24s
Dow Slips 725 Points
S&P 500, Nasdaq also slide on concerns about Delta variant's economic impact. Travel and energy stocks take a hit. OPEC, allies agree to boost production. IBM's revenue grows but profit declines. J.R. Whalen reports.
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19/07/21•2m 47s
U.S. Stocks Tumble Amid Concerns of Delta Variant's Economic Impact
Plus: Biden administration blames hackers tied to China for Microsoft cyberattack spree. U.S. weighs new sanctions on Iran's oil sales to China if nuclear talks fail. J.R. Whalen reports.
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19/07/21•1m 53s
William Ackman Drops SPAC Plan for Universal Music Deal
Video-conferencing service Zoom agrees to buy software company Five9 in its biggest acquisition deal ever. More Covid-19 cases are reported among athletes and officials ahead of the Tokyo Olympics. U.S. lawmakers abandoned plans to use boosted tax-collection enforcement to help pay for a roughly $1 trillion infrastructure package. Keith Collins hosts.
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19/07/21•2m 18s
Consumer Sentiment Drops, Pushing Stocks Lower
Plus: Rio Tinto's mines hit by Covid-19 restrictions. Moderna to be added to S&P 500 index. Lordstown Motors confirms Justice Department probe. China sends regulators to Didi as part of cybersecurity investigation. J.R. Whalen reports.
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16/07/21•2m 25s
U.S. Retail Sales Rose 0.6% in June
Plus: Lordstown Motors discloses Justice Department investigation. Los Angeles imposes indoor mask mandate amid sharp rise in coronavirus infections. J.R. Whalen reports.
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16/07/21•1m 47s
Intel Is in Talks to Make Its Biggest Acquisition Ever
President Biden says the situation in Hong Kong is deteriorating as China tightens its grip. His administration is set to issue an advisory warning U.S. businesses about the increasing risks of operating in Hong Kong. In Germany and other parts of Western Europe, dozens of people are dead and hundreds others are missing in severe flooding. Keith Collins hosts.
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16/07/21•2m 13s
U.S. Stocks Close Mostly Lower After Powell's Inflation Comments
Plus: Shares of Blackstone, AIG jump on deal to manage life and retirement assets. Two large hospitals won't give Biogen's new Alzheimer's drug. Johnson & Johnson shares fall on sunscreen recall. Brent crude drops 1.7% on OPEC deal with UAE. J.R. Whalen reports.
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15/07/21•2m 26s
New U.S. Jobless Claims Dropped to 360,000 Last Week
Plus: More than 35 million U.S. households start receiving monthly child tax credit payments. Relative calm returns to Johannesburg after days of violence and looting. J.R. Whalen reports.
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15/07/21•1m 45s
Johnson & Johnson Recalls Most Neutrogena, Aveeno Spray Sunscreens
Private-equity firm Blackstone agrees to manage some assets backing AIG's life-insurance policies and retirement annuities. U.S. cybersecurity company NortonLifeLock is in talks to acquire European rival Avast. China reports a slowing but still-resilient economic recovery in the latest quarter. Keith Collins hosts.
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15/07/21•2m 17s
Powell Predicts Continued High Inflation in Coming Months
Major U.S. stock indexes end the day mixed. Facebook seeks FTC Chair Lina Khan's recusal in antitrust case. Charlie Turner reports.
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14/07/21•2m 11s
U.S. Drug-Overdose Deaths Jumped Nearly 30% Last Year
Plus: China set to launch world's largest emissions-trading program. EU unveils sweeping economic plan to combat climate change. Citigroup, Bank of America, Wells Fargo report sharply higher profit. J.R. Whalen reports.
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14/07/21•1m 59s
Broadcom No Longer in Talks to Buy Software Company SAS Institute
President Biden blasts new GOP-backed state voting rules. Senate Democrats agree to about $3.5 trillion in spending for their healthcare and antipoverty plan. More big U.S. banks are set to report earnings today. Fed Chairman Jerome Powell is scheduled to deliver a semiannual report on the economy to Congress. Keith Collins hosts.
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14/07/21•2m 13s
U.S. Stocks Fall After June Inflation Report
Bank stocks decline despite strong quarterly profits. Virgin Galactic's shares fall another 7.2%. Federal Reserve Chairman Jerome Powell set to deliver report on U.S. economy Wednesday. Charlie Turner reports.
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13/07/21•2m 7s
U.S. Consumer Prices Rose 5.4% in June From a Year Earlier
Plus: JPMorgan, Goldman Sachs report higher profits, but trading revenue slows. Google fined $593 million in France over treatment of news publishers. J.R Whalen reports.
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13/07/21•1m 55s
Boeing Faces New Dreamliner Production Problem
The Trump Organization's finance chief has been removed as an officer at some of the company's subsidiaries. Cuba cracks down on protests as it grapples with its worst economic crisis in decades. U.S. earnings season kicks off today with results expected from JPMorgan Chase and Goldman Sachs. Keith Collins hosts.
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13/07/21•2m 13s
Bank Stocks Push U.S. Markets Higher
Major U.S. stock indexes edge further into record territory. FDA plans to warn Johnson & Johnson Covid-19 vaccine is linked to rare cases of neurological condition Guillain-Barré Syndrome. Virgin Galactic could sell up to $500 million in stock. J.R. Whalen reports.
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12/07/21•2m 11s
Elon Musk Takes Stand to Defend Tesla's Purchase of SolarCity
Plus: Thousands of protesters march in Cuba, demanding food and Covid-19 vaccines. Coffee prices soar after bad harvests. J.R. Whalen reports.
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12/07/21•2m 2s
Richard Branson's Virgin Galactic Flight Boosts Space-Tourism Plans
Chinese tech company ByteDance, the owner of the TikTok app, puts its intentions to go public offshore on hold indefinitely after government officials warned it about data-security risks. A new global agreement on corporate tax faces possible hurdles in Congress. Big U.S. banks are set to report results this week as earnings season kicks off. Keith Collins hosts.
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12/07/21•2m 11s
U.S. Stocks End the Week at Record Highs
Investors pile back into stocks after Thursday's selloff. President Biden signs broad order aiming to limit corporate dominance. Carver Bancorp gains 21% as investors target short-sellers. FDA seeks to probe talks between staff and Biogen on Alzheimer's drug. Charlie Turner reports.
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09/07/21•2m 24s