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

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.