It’s a tough environment for home-buying, even after a rate cut
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 September 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
Those who have been waiting patiently for the housing market to cool down may have to wait even longer for lower prices. Data released today indicates that there’s been no reprieve for prospective homebuyers, as prices have stayed stubbornly high despite a recent rate cut by the Fed. Dr. David Kelly of JPMorgan Global Funds walks us through the report. China’s economy is looking to receive a boost after policymakers passed the largest economic stimulus package since the pandemic to buoy stagnating growth. Retailers are preparing for the holiday season by beginning to hire thousands of seasonal workers. And, why some parents are turning to a Barbie-theme “dumb” phone as a potential first device for their kids.
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. |
| 0:54.0 | Going with Barbie for a digital detox. |
| 1:00.0 | I'm David Brancaccio in Los Angeles first key stock indexes in China |
| 1:04.5 | rose more than 4% today after officials in Beijing announced the biggest |
| 1:08.8 | economic stimulus since the pandemic. |
| 1:11.2 | Marketplace's China correspondent Jennifer Pack is in Shanghai. |
| 1:14.8 | China's Central Bank announced it will cut its benchmark interest rate from 1.7% to 1.5%, |
| 1:21.6 | making it cheaper for households and companies to borrow money. |
| 1:25.0 | It will also lower the amount of cash banks need to hold in reserve by half a percentage |
| 1:30.1 | point, which would free up more money for lending. But banks are not low on |
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