What’s News in Markets: Airport Chaos, E.l.f. Disappoints, Palantir Falls

单集文稿 ...

• 00:00

  Hey listeners, your money briefing is on a break,

• 00:02

  but we'll be back with more personal finance information for you in the future.

• 00:07

  Until then, here's the news moving markets this week.

• 00:13

  Hey listeners, it's Saturday, November 8th.

• 00:16

  I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets,

• 00:20

  our look at the biggest stock moves of the week and the news that drove them.

• 00:25

  Let's get to it.

• 00:26

  This week had everything.

• 00:28

  We got more big AI deals and more AI jitters from traders over the technology's rapid rise.

• 00:35

  We got another twist in the Trump tariff saga as the Supreme Court judges on Wednesday expressed skepticism toward Trump's authority to impose these sweeping measures on countries around the world,

• 00:47

  which gave General Motors and other trade-sensitive stocks a rebound on hopes that the tariffs may be struck down.

• 00:54

  And Ewan Musk danced with some robots because his new $1 trillion pay package got approved.

• 01:02

  Now, let's see how the stock market fared in this first week of November.

• 01:07

  All three major indexes ended up notching weekly losses, with the Dow falling 1.2%,

• 01:13

  the S&P 500 falling 1.6%, and the Nasdaq falling 3%.

• 01:23

  Now first off,

• 01:25

  let's talk about the latest air travel drama that could put a damper on any upcoming vacation plans.

• 01:32

  Airline stocks took a tumble on Thursday after the Federal Aviation Administration ordered a 10% cut in traffic at 40 major airports to relieve unpaid air traffic controllers.

• 01:43

  The FAA updated its plan to start with traffic cuts of 4% at select airports on Friday.

• 01:49

  The reductions will increase to 6% of capacity by November 11th,

• 全部文稿