The Street
The Street
  • 2 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Zillow’s new climate-risk assessment tool.

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Sports
Transcript
00:00I'm Conway Gittins reporting in New York. Here's what we're watching on the street today.
00:04A tame inflation report bolstered Wall Street's view that this economy is set up for more interest rate cuts.
00:11Investors will get fresh clues on the economy in the coming week
00:14with the release of the all-important monthly jobs report.
00:17Federal Reserve Chairman Jerome Powell might provide some insight in his speech
00:21and there will be monthly updates on the factory and services sector.
00:24Meanwhile, on the corporate front, Nike posts its first quarterly results since announcing a new CEO.
00:31In other news, as homebuyers continue to grapple with high interest rates and low inventory,
00:37Zillow is introducing a new feature to try and alleviate some of the stress that comes with purchasing a home.
00:44Zillow's new climate risk tool will provide information about potential hazards like floods, fires and air quality.
00:51According to Zillow, quote, on for-sale listings,
00:54buyers will find a climate risk section that provides property-specific data.
00:59Each section shows how a specific risk might impact the home now and in the future
01:04while also offering information on insurance requirements.
01:08Zillow has partnered with First Street, a company which specializes in climate risk financial modeling,
01:14in order to provide information to its user base.
01:17The hope is to provide a more accurate picture of what buyers will pay
01:21taking into account things like flood insurance when buying a home.
01:25Zillow claims 80% of prospective homebuyers now consider climate risks when choosing where they will live.
01:32That'll do it for your daily briefing.
01:34From New York, I'm Conway Gintens with The Street.

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