Morning Report 02 Aug 24: ASX to plunge as US stocks routed on economic worries

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. Wall Street falls on growth concerns, while Amazon plunges 5% on weaker-than-expected results. The Bank of England cuts interest rates for the first time in four years, and European automakers struggle with earnings misses. The chip stock route resumes, and falling commodity prices weigh on the Aussie dollar. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.