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Markets on edge: Growth Slows, Rate rises · USA Daily News

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  Speaker 1: Hello, Welcome to today's edition of America in Business. You're
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  Speaker 1: quick dive into the latest headline shaping the US economy
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  Speaker 1: and markets. I'm your hosts Brian bringing you the numbers,
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  Speaker 1: the trends, and the stories behind them. Economic growth US
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  Speaker 1: GDP growth slow to one point five percent in quarter two,
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  Speaker 1: down from two point one in quarter one. Consumer spending
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  Speaker 1: roads at three point two percent annual page showing households
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  Speaker 1: as sales pending despite infloration pressures. Business investments in artificial
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  Speaker 1: intelligence intelligence surged, sorry surged through overall investment full compare
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  Speaker 1: to earlier in the year. Housing and mortgage rates they
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  Speaker 1: average thirty year mortgage rate clos and to six point
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  Speaker 1: sixty six percent, the highest in the year. Rising borrowing
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  Speaker 1: costs are squeezing home buyers and refinancing households. Confidence in
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  Speaker 1: the housing market remains fragile as affordability worsens. Federal Reserve
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  Speaker 1: and inflation. The Federal Reserve held interest rates steady, but
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  Speaker 1: dissenting voices are pushing for hikes. Inflation remains above the
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  Speaker 1: third two percent target, keeping pressure on policy markers. I'm sorry.
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  Speaker 1: Policy Treasury yields piked, but thirty years yield, hitting five
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  Speaker 1: point two percent, the highest scenes two thousand and seven.
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  Speaker 1: Corporate earnings spex X earnings debut is a major focus
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  Speaker 1: this week. Tech gens showed mixed results. Microsoft and Amazon
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  Speaker 1: posted strong cloud growth, while Airport and Meta Sleeve semi
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  Speaker 1: conductors talks are like Sorry semi conductors talks like Micron
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  Speaker 1: and SanDisk plant, reflecting rtality in the AI Memorvie tray
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  Speaker 1: stock market outlook. UX indexes closed at last week near
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  Speaker 1: real record highs LO at fifty two thousand, four hundred
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  Speaker 1: and eighty five, s and P five hundred at seven thousand,
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  Speaker 1: four hundred and eighty nine, nasdark at twenty five thousand,
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  Speaker 1: three hundred and seventy three. Futures are relaying ahead of
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  Speaker 1: the July jobs report and earnings from McDonald's, Costal and Disney.
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  Speaker 1: All praises fell sharply after President trap consoled plans strikes
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  Speaker 1: on Iran, easing energy markeage pas from sluggish growth to
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  Speaker 1: swearing mortgages rates, and from specsats debuts, learning too big
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  Speaker 1: texts mixed signals. The US business landcap is shape shifting.
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  Speaker 1: First send you tomorrow for updates on the jobs report
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  Speaker 1: and what it means for market. Thanks for listening to
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  Speaker 1: America in Business A, Brian and I catch you in
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  Speaker 1: the next episode.