4.7 • 9.2K Ratings
🗓️ 10 February 2022
⏱️ 9 minutes
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0:00.0 | NPR. |
0:14.3 | This is the Indicator from Planet Money, I'm Adrian Ma, and today we got a special guest |
0:19.4 | you might know him from his videos explaining arcane financial terms, or possibly from his |
0:25.6 | best-selling historical murder mysteries. Or more likely you know him because he's worked |
0:31.6 | on this show. He was the previous editor of the Indicator. Today we're rejoined, sorry, |
0:35.8 | we're rejoined by none other than Patty Hirsch. |
0:40.1 | Oh sorry, I was waiting for the applause. |
0:43.2 | Good luck, thank you so much. Thank you for that fun, you're a some heartfelt welcome agent. |
0:47.2 | It's lovely to be back. Yes. It's like, I don't know, it's like, it's like being clasped in a |
0:51.5 | warm embrace. It's always good to see you. Thank you. We've asked you back, Patty, because you love |
0:58.2 | explaining weird and scary stuff that is happening in the markets in the economy. I do, I do. |
1:03.2 | Yeah. And we're having a little trouble understanding some of the weird and scary stuff going on in |
1:07.6 | the markets right now. Fair enough, I mean if you've been paying any attention to financial markets |
1:12.0 | over the last seven days, you'll know that things have been a little up and down, particularly |
1:16.6 | for technology companies, some of which have been ricocheting around like, I don't meanions in a |
1:22.0 | bouncy castle. Market volatility that we've been seeing that Facebook shares, meta shares, |
1:26.0 | they're sinking big time down down Wall Street, but Apple shares ending the day up more than |
1:31.2 | 30% big tech stocks going up and down 25, 30, 40% up and down in some it's like some kind of a horror |
1:37.9 | story. Yeah, I can feel my pulse actually through my neck right now after hearing that. And we've |
1:42.4 | got more volatility to come. We've got earnings reports from Twitter. We've got Yelp. We've got |
1:46.8 | Shutterstock, GoDaddy, Expedia. It's going to be wild. It's like high tech entertainment all week long. |
1:53.0 | Everybody just take a deep breath. Things have settled down a little since last week, but looking |
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