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Marketplace All-in-One

Eclipse boosts tourism along path

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 8 April 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

A muted day on Wall Street; consumers’ inflation expectations are stable; Biden Administration to provide more student loan relief.

Transcript

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0:00.0

This is the Marketplace Minute. I'm Mitchell Hartman. Major stock indexes barely budged today.

0:08.0

The Dow, S&P, and Nasdack all moved well under a tenth of a percent.

0:13.0

Consumers short-term inflation expectations

0:16.0

have settled down at a level close to the current consumer price index.

0:20.0

According to the New York Fed's monthly survey, consumers expect prices to rise 3% in the coming year.

0:27.0

In February, the CPI increased by 3.2% on an annual basis.

0:32.0

The Biden administration has announced on an annual basis.

0:33.0

The Biden administration has announced it'll cancel a crude interest on student loans

0:38.1

for millions of borrowers.

0:40.3

Many who have been repaying for years still owe more than the amount they originally borrowed.

0:46.0

Today's solar eclipse has boosted tourism in what's usually a slow season.

0:50.6

AirB&B reports 90% occupancy along the eclipse's path, and Hurts says rental car bookings

0:57.7

are up 3,000%.

0:59.9

I'm Mitchell Hartman with the Marketplace Minute.

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