New York Community Bank receives more than $1B in investment

Marketplace All-in-One

Marketplace

Business, News

4.5 • 1.4K Ratings

🗓️ 6 March 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks close higher; investment meant to stabilize NYCB; job openings unchanged in January; private sector adds 140,000 jobs.

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Marketplace Minute.
0:03.0	I'm Justin Ho.
0:05.0	Stocks closed up on Wednesday.
0:07.0	The Dow gained 2 tenth percent,
0:09.0	the S&P added half a percent,
0:11.0	and the NASDAQ rose six tenths percent. A group of investors is pouring more than a billion dollars into New York
0:17.3	Community Bank. The move is meant to help ensure the bank has enough capital
0:20.9	and reserve, especially since a lot of its commercial real estate loans are in trouble.
0:25.2	The investors include former Treasury Secretary Stephen Minutian.
0:28.4	The number of job openings didn't change between December and January, according to the Labor
0:33.3	Department. Same with a number of people quitting their jobs. Both numbers are lower
0:37.4	than they were this time a year ago. That's a sign that the tight labor market is
0:40.9	continuing to loosen up. The private sector added 140,000 jobs
0:45.6	in February, that's according to the payroll processing company ADP. We'll get the
0:49.8	government's official jobs tally for February on Friday.
0:53.0	I'm Justin Ho, with the Marketplace Act. You're going to.

Please login to see the full transcript.

Previous episode | Next episode

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.