Stocks Tumble as the World Fears a Possible Recession | EWTN News Nightly

About this sermon

Stocks tumbled on Wall Street today and around the world as fears grow about a slowing US economy and possible recession. The Dow Jones Industrial Average dropped by 1,000 points today. This, as Japan's stocks plunged by 12.4%, their worst day since 1987. This follows the news that US employers slowed hiring last month. The federal reserve has kept interest rates high to combat inflation, however, the latest events could lead to a cut. Professor of Economics at the University of Notre Dame, Jeffrey Campbell, joins to explain why the jobs numbers are triggering this kind of fallout. Campbell discusses when the last time we saw this kind of activity on Wall Street was. No doubt a lot of folks are probably concerned about the 401k and other investments. Campbell shares what advice he would give to them. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf

Topics

• Anxiety & Worry