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Fed: Jobs Market is Weakening; United Plane Loses Wheel on Takeoff | Business Matters (July 9)

⭕️Subscribe to our podcast: https://podcasts.apple.com/us/podcast... The chairman of the Federal Reserve today acknowledging the jobs market is cooling. But he says he's increasingly confident that inflation is on its way down to a more normal level. A United Airlines Boeing 757-200 plane lost a wheel from its landing gear while taking off from Los Angeles International Airport on Monday but managed to land safely in Denver. As the S&P 500 has soared, fewer stocks have been participating in the rally. Market breadth was narrow for most of last year and this year, with the 24% gain in the S&P 500 in 2023 driven primarily by mega cap stocks. is this an indicator of poor economic health in the U.S.? We spoke to a financial analyst.