Business Matters with Don Ma

Aug 09 2024 300 ep. 24 mins 97

Business Matters with Don Ma Podcast artwork

The latest business updates, expert analysis, and in-depth reports.

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I Should Help Set Interest Rates, If President: Trump; 2,500 Detroit Autoworkers Laid Off | Business Matters Full Broadcast (August 9)

Aug 09 2024 23 mins

Former President Donald Trump says that, if he becomes President, he should have a say in the fed's interest rate decisions - a policy that impacts the world economy. Stellantis is laying off almost 2,500 factory workers from an assembly plant outside of Detroit. The automaker is ending production of the Ram 1500 Classic truck. The layoffs will be effective as early as Oct. 8, the

JP Morgan: Recession Now More Likely; Average American Now Carrying Over $6300 in Credit Card Debt | Business Matters Full Broadcast (August 8)

Aug 08 2024 22 mins

JP Morgan now raising the odds of a recession by the end of this year to 35-percent. That’s up from 25-percent. The news comes after a weaker than expected July jobs report and the sharp sell-off in global equities over the unwinding of the yen-funded carry trades.American budgets are being stretched. A new report shows the average credit card balance is more than $6,300 and more

$17.8 Trillion - Highest US Household Debt Ever; Japan Backs Off Interest Rate Hikes Fearing Market Volatility | Business Matters Full Broadcast (August 7)

Aug 07 2024 23 mins

$17-point-eight trillion dollars. That's the latest number for U-S household debt on, according to the Federal Reserve Bank of New York. And the largest on record. Auto loan and mortgage debt rose and credit card debt reached an all-time high. Important news for investors coming out of Japan today. The country's central bank signalling it will hold off raising interest rates while

JP Morgan: Yen Carry Trade Unwind Only Half Done; Apple Could Be Hurt by Google Antitrust Case | Business Matters Full Broadcast (August 6)

Aug 06 2024 22 mins

We've been covering how the unwinding of a popular trade has rippled through global markets. JP Morgan and UBS saying today that the unwind is only 50% done. For years, investors around the world have been taking advantage of Japan's 0% interest rate policy. The low rates in essence allowed investors to borrow money for next to nothing, and use it to buy stocks, bonds, or anything

Japanese Yen Carry Trade Shakes Markets | Business Matters Full Broadcast (August 5)

Aug 05 2024 22 mins

All three major US indexes in the deep red today. And it wasn't just the United States. Japan's Nikkei closing over 12% lower today. It's worst day since 1987. That's when Black Monday hit Wall Street. We look at what the unwinding of the yen carry trade may have to do with it.A federal judge has ruled that Google’s payments to make its search engine the default browser violates

Unemployment Rate Hits 32 Month High; Intel Shares Fall 26% in One Day | Business Matters Full Broadcast (August 2)

Aug 02 2024 23 mins

The US economy added just 114,000 jobs compared to 175,000 expected. The unemployment rate rising to its highest level since October 2021. This is all according to new government data released today. Hourly wages rose just 3.6% from July 2023, the smallest year-over-year gain since May 2021.The big loser on Wall Street today is Intel. The company's stock falling a massive 27%. It's

Jobless Claims at 11 Month High; Manufacturing Activity at 8 Month Low | Business Matters Full Broadcast (August 1)

Aug 01 2024 22 mins

The stock market flashing red today as warning signs flash in other areas of the economy too. Weekly jobless claims now at an 11-month high. Today's labor market report also showing also the total number of people on jobless rolls is at the highest since 2021. Manufacturing data suggesting a slow down in the broader US economy. ISM data showing the manufacturing sector contracted i

Fed Signals Rate Cut Coming Soon; Delta Reveals Cost of CrowdStrike Outage | Business Matters Full Broadcast (July 31)

Jul 31 2024 23 mins

Chairman Jerome Powell today acknowledging weakness in the jobs market and the economy. He says the broad sense among the Fed committee is that things may be deteriorating to a point where the economy will soon need stimulus. That could come as soon as September in the form of a rate cut.500 million dollars. That’s how much Delta says the CrowdStrike-Microsoft outage will cost th

Investors Dump Microsoft Shares After Earnings Report; Meta Pays Texas $1.4 Billion | Business Matters Full Broadcast (July 30)

Jul 30 2024 23 mins

Microsoft Shares down over 6% in after-hours trading. Revenue from Microsoft's flagship cloud product Azure disappointing. We talk to RP Capital Solutions CIO, Vijay Marolia. Facebook parent company Meta's shares down over half a percent today. It will pay a $1.4 billion settlement to Texas over claims the company used biometric data of users without permission. The Texas lawsuit a

Worst Losses for Home Insurers in 100 Years: Report; DOJ Asks Court To Uphold TikTok Sale Or Banned Law | Business Matters Full Broadcast (July 29)

Jul 29 2024 21 mins

2023 saw the worst underwriting loss in a century for home insurers. That’s according to rating agency A-M Best. It found insurance providers were hit with a 15-billion dollar net underwriting loss. That’s when an insurance company has to pay out more in claims than expected.The Justice Department is asking a federal appeals court to uphold law that would ban TikTok. It gives C