Francesca Fontana
speaker
2,691 appearances
52 recordings
1 series
first heard Aug 2017
last heard Feb 2025
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
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Appearances
Hey, listeners, it's Saturday, July 13th.
I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets, our look at the biggest stock moves of the week and the news that drove them.
Let's get to it.
This week, all eyes were on the head of the Federal Reserve, Jerome Powell, and markets were mulling the same questions we've been talking about all year.
When are we going to see an interest rate cut?
Are we even getting any cuts this year?
What's it going to take?
Powell spent two days testifying in front of Congress, as many of you dedicated listeners might have heard about on What's News a few days ago.
We didn't get an exact answer, but we did get a somewhat clearer idea of where his head's at.
He indicated that it's now less a question of if the Fed cuts rates this year and more a question of when.
So between that and a surprisingly cool inflation reading on Thursday, traders are thinking that rate cuts could come sooner rather than later, which, as we've discussed here before, could be a big catalyst for the stock market.
In the end, the three major indexes all logged weekly gains.
But this week wasn't just about inflation and interest rates.
It was also the start of earnings season.
The kickoff is usually the big banks that reported yesterday.
More on those in a bit.
But we got some interesting reports earlier in the week, like Delta Airlines on Thursday.
The company's quarterly profit dropped 29%, which at first glance might seem off, because hasn't travel demand been booming post-pandemic?
Showing 1161–1180 of 2,691 · page 59 of 135
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