Jack Pitcher
speaker
112 appearances
3 recordings
1 series
first heard Aug 2024
last heard Nov 2024
Jack Pitcher’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Have a great weekend and see you next Saturday.
Hey, listeners.
It's Saturday, September 14th.
I'm Jack Pitcher 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.
Stocks were on the rebound this week after a bad start to September.
The S&P 500 was back within striking distance of the record highs it touched earlier this year as chip makers and tech companies rallied hard.
But the bond market is flashing warning signs.
Bond yields have been dropping fast, with both short and long-term yields trading near this year's lows.
Yields dropping means that prices are going up, and that means traders are shifting their money into ultra-safe government debt, often a sign that investors are nervous.
Everyone is looking ahead to next week's Federal Reserve meeting.
The central bank is expected to cut rates for the first time since 2020, but Wall Street isn't sure how deep those cuts will be.
That, plus uncertainty about the economy, has been a source of angst for traders recently, fueling market volatility.
Those rate cuts are on everyone's mind, including at JPMorgan Chase.
The bank on Tuesday sounded a warning on how lower rates could hurt its earnings, and investors were spooked.
JPMorgan has been telling investors for several quarters that the high income it's been generating from interest earned isn't sustainable if the Fed begins to cut.
The bank now says the analyst estimates for how much interest income will fall next year are too low.
JPMorgan shares fell more than 5% Tuesday, one of its worst days in recent years.
The bank finished the week down almost 4%, placing it among the S&P 500's worst performers.
And then on Tuesday evening was the presidential debate.
Showing 41–60 of 112 · page 3 of 6
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