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English Pronunciation News: Wall Street's Outlook

Watch the video and read the news for 8/24/2011. Learn current news and study American English pronunciation. Read other English pronunciation news reports.


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Wall Street is split between those who believe a fresh recession is underway and those who are optimistic about the potential of individual companies. September could be a make-or-break month for the stock market. Last Friday, the Labor Department reported that unemployment rose in 28 states and fell in only 9 states. Traders will be closely watching a range of figures due this week for further signs of a "double-dip" recession. They will be watching sales of new homes for July, a report of durable goods orders as well as data on jobless claims and consumer sentiment during August. In spite of lackluster economic data, results on earnings growth for typical companies have gone down only slightly. 

    

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Words
Pronunciation
Meaning
make-or-break
MAKE-'r-break
often "make or break moment," means things will change a lot, either positively or negatively
figures
FIG-yurs
numbers
"double-dip" recession
DU-bul-dip ree-SE-shun
when GDP (gross domestic product) slides backward to negative after one or two quarters of growth
durable goods
DUR-u-bul goods
hard goods--goods made in factories
data
DĀ-du or DA-du
facts or statistics
consumer
kun-SOO-mer
someone who buys things
sentiment
SEN-ti-ment
feeling
lackluster
LAK-lu-ster
dull, lacking spirit or life

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