Fed Signals Rate Cut Coming Soon; Delta Reveals Cost of CrowdStrike Outage | Business Matters Full Broadcast (July 31)
Update: 2024-07-31
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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 the airline. Delta shares down today. The massive I-T outage earlier this month forced Delta to cancel more than five-thousand flights, leaving hordes of flyers stranded.
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