Job growth surprise
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 7 June 2024
⏱️ 1 minutes
🧾️ Download transcript
Summary
Markets edge down; May jobs report shows strong growth; Emissions standards less ambitious; GameStop plunges despite meme stock attention.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Marketplace Minute. |
| 0:03.0 | I'm Megan McCarty Carino. |
| 0:04.7 | Markets edge down a little Friday. |
| 0:07.1 | The Dow lost two-tenths of a percent, the S&P slid a tenth of a percent, and the |
| 0:11.3 | NASDAQ fell about a quarter percent. |
| 0:13.8 | A strong jobs report likely scrambled hopes the Fed might cut interest rates this summer. |
| 0:19.5 | Federal data show hiring picked up last month with employers adding |
| 0:23.0 | 272,000 jobs. Earlier GDP and spending reports |
| 0:28.1 | indicated the economy was cooling down. |
| 0:31.1 | New fuel efficiency standards will be less stringent than the Biden administration |
| 0:35.6 | wanted. Federal regulators released final rules requiring an average fuel economy of about |
| 0:41.1 | 50 miles per gallon by 2031. |
| 0:44.6 | The pullback takes pressure off car makers as sales of electric vehicles have slowed. |
| 0:50.0 | And shares in GameStop plunged by about 40% Friday after a meme stock revival earlier this week |
| 0:57.0 | collapsed under the reality of sinking sales. |
| 1:00.4 | I'm Megan McCarty Carino with the Marketplace Minnick. |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.