How online shopping is saving the economy
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 18 September 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
We learned this week that retail sales rose in August. A big part of that was thanks to online shopping, which was up almost 8% from last year. And retailers think e-commerce has even more room to grow. Plus, it’s a big day for the direction of the economy. And later, we’ll hear about corporate executives’ thoughts on the economy, artificial intelligence and the return-to-the-office push.
Transcript
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| 0:00.0 | Hi I'm Kai Rizdahl the host of How We Survive |
| 0:03.4 | It's a podcast from Marketplace. In 1986, before I was a journalist, I was flying for the Navy. |
| 0:09.6 | Mr. Gorbachev, tear down this wall. |
| 0:14.4 | It was the cold war and my first deployments were intercepting Russian bombers. |
| 0:18.6 | Today though, there's another threat out there, climate change. |
| 0:22.6 | This could be the warmest year on record. |
| 0:24.6 | Climate change is here. |
| 0:25.7 | Temperatures here are warming faster than anywhere on Earth. |
| 0:29.5 | And while the threat seems new, the Pentagon's been funding studies on climate change since the 1950s. |
| 0:35.9 | I think we will put our troops and our forces at higher risk if we don't recognize the impact of climate change. |
| 0:44.7 | This season, we go to the front lines of the climate crisis |
| 0:47.5 | to see how the military is preparing for the threat. |
| 0:51.0 | Listen to how we survive, wherever you get your podcasts. |
| 0:56.7 | It is a big day for the direction of this economy. |
| 1:00.3 | From Marketplace, I'm Sabrie Beneshore and for David Brancaccio. The Federal Reserve decides today what to do with interest rates. |
| 1:07.0 | This affects everything from car loans to mortgages. The Fed started raising them in 2022 as a way to fight inflation and kept them high for most of the past year |
| 1:16.5 | with inflation nearly under control the feds signaled that it is time to cut rates. |
| 1:21.5 | Susan Schmidt joins us to talk about it. She's head of |
| 1:23.7 | public equity at the State of Wisconsin Investment Board. Hi Susan. Good |
| 1:27.5 | morning. So can we like take a minute just to appreciate the moment we are in? |
| 1:32.2 | Why is this such an |
| 1:33.4 | important moment well it's an important moment because the market expects the |
... |
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