Money News: Capitalize on New Car Price Drops and Job Market Resilience

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 14 February 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn why now may be a good time to be in the market for a new car and why two industries are outliers in job layoffs. Why did new car prices drop in January? What’s driving layoffs in tech and media — and what does it mean for other jobs? Hosts Sean Pyles and Anna Helhoski discuss car prices and a recent surge in layoffs, particularly in the tech and media sectors. They kick off with an in-depth look at the auto industry, unraveling the reasons behind a significant drop in new vehicle prices and the impact of credit-tightening on car loans. The hosts share three key takeaways, emphasizing the implications for consumers looking to purchase a new car. Then, Sean and Sara delve into the complex landscape of layoffs, dissecting the trends in tech and media job cuts. They discuss the factors contributing to the tech industry's layoff spree and the challenges faced by the media sector, shedding light on the broader job market resilience despite specific sectorial challenges. In their conversation, the Nerds discuss: car prices, layoffs, auto industry, credit-tightening, job market trends, tech layoffs, media job cuts, labor market resilience, interest rates, new vehicle prices, manufacturing, economic growth, consumer confidence, Dealertrack Auto Credit Total Loan Index, credit availability, inflation, economic indicators, stock market, personal finance news, job market analysis, economic outlook, job gains, unemployment rate, and financial trends. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:32.7	Welcome to NerdWallet's Smart Money Podcast.
0:35.4	I'm Sean Piles.
0:36.6	And I'm Anna Hill Haskki. And this is our weekly
0:39.5	personal finance news roundup, where we take a look at recent developments in the world of money
0:44.0	and then go in-depth on an issue that's important to your life and your bottom line.
0:48.5	Today we're going to examine all the headlines around layoffs, where they're happening
0:52.6	and what it means for the overall economy.
0:54.9	First, we're going to take a look at some newsy numbers around the auto industry, specifically
0:59.2	car prices.
1:00.8	You buying a new car, Sean?
1:02.3	Fortunately, no, but the auto industry, manufacturing, sales, and service makes up 3%
1:08.3	of the country's gross domestic product.
	...

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