Swiss Economy Outperforms, US Construction Spending Declines

Simply Economics

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