• Swiss Economy Outperforms, US Construction Spending Declines

  • Sep 4 2024
  • Length: 13 mins
  • Podcast

Swiss Economy Outperforms, US Construction Spending Declines

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  • Summary

  • The Swiss economy outperforms weak European industry, driven by strong expansion in the chemical and pharmaceutical sector. Meanwhile, US construction spending declines in July, raising concerns about the overall economy. Plus, the Dow falls by over 600 points as September turns ugly, reflecting concerns about the impact of aggressive rate hikes. Also, Kamala Harris gets a good sign on key Trump issues, with a significant shift in public opinion favoring the vice president. Sources: https://www.swissinfo.ch/eng/multinational-companies/swiss-gdp-grew-slightly-above-average-in-the-2nd-quarter/87484142 https://getfea.com/end-use/us-construction-spending-declines-0-3-in-july https://www.cnn.com/2024/09/03/investing/us-stocks-first-day-september/index.html https://www.newsweek.com/kamala-harris-reduces-donald-trump-lead-poll-1948251 Outline: (00:00:00) Introduction (00:00:38) Swiss economy outperforms weak European industry (00:03:58) US Construction Spending Declines 0.3% in July - Forest Economic Advisors, LLC (00:06:47) Dow falls by more than 600 points as September turns ugly (00:09:45) Kamala Harris gets good sign on key Trump issues: Poll
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