What’s News in Markets: FuboTV Scores, Vaccine Bets, Insurers Stumble

单集文稿 ...

• 00:00

  Ein feier Abend Beer Perfect SM abschalten ein glass wein gut verse herz above us Wendass no mittensind die warheit Alcohol est ige verlich de droge der Welt und wir feieren sie teklich warumest Alcohol ver Frau so verlockent und soge verlich wieber einfloss die Alcohol Industrie und seileben hosted seit der Rubber zo sprechen Dirty little secrets Die Doku Serie jets exclusif Stremen in der aerde Mediatik.

• 00:33

  Hey listeners, it's Saturday, January 11th.

• 00:36

  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.

• 00:44

  Let's get to it.

• 00:46

  We had another short trading week this week, with markets closed Thursday for our national day of mourning in honor of former President Jimmy Carter.

• 00:54

  But during the four trading sessions we did have, there was plenty of action.

• 00:59

  Primarily, we saw the markets react to the devastating wildfires that broke out on Tuesday in Los Angeles and have wreaked havoc across the region.

• 01:07

  In the case of this kind of natural disaster, we can see investors concerns affecting stocks like the local utilities such as Southern California Electric Co.

• 01:16

  Edison International.

• 01:18

  And there are the home and auto insurance stocks like Allstate, AIG and others, and their shares fell on Friday as analysts est that the devastation will cost insurers billions of dollars.

• 01:29

  On Friday, we also got the December jobs report, which topped expectations.

• 01:34

  Way more jobs were created than anticipated, which suggests that the labor market has recovered and it might even be gaining steam.

• 01:41

  As we've discussed before on this podcast, the jobs report is an important consideration for the Federal Reserve and for traders guesses as to where interest rates are headed.

• 01:51

  So now investors are pricing in just one rate cut this year.

• 01:54

  All three major indexes, the Dow, the S&P 500, and the Nasdaq, ended the week lower.

• 02:00

  The Dow and the S and P each fell about 1.9%, and the Nasdaq lost more than 2%.

• 02:12

  Now, first up, let's talk Fubo.

• 02:15

  That's F U B O FuboTV, the sports streamer that announced a big deal with Disney at the start of the week.

• 02:22

  So Disney agreed to combine its Hulu plus live TV streaming service with fubo.

• 02:27

  It's a deal that will also end pending litigation between them.

• 全部文稿