Producer prices rise in January
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 16 February 2024
⏱️ 1 minutes
🧾️ Download transcript
Summary
Stocks fall; services costs push up PPI; consumer sentiment unchanged so far in January; housing starts fall.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Marketplace Act. I'm Justin Ho. Stocks closed down on Friday. The Dow gave up |
| 0:07.9 | four tenth percent, the S&P lost half a percent, and the NASDAQ fell 8.10 percent. |
| 0:14.0 | The prices producers receive for goods and services rose in January after falling in December, |
| 0:19.3 | according to the Labor Department. |
| 0:20.9 | That's mostly thanks to the price of services, including hospital outpatient care, portfolio |
| 0:25.4 | management, and legal services. |
| 0:27.9 | Goods prices fell, mostly because gasoline got less expensive. |
| 0:32.4 | Consumers surveyed by the University of Michigan this month |
| 0:34.3 | were about as optimistic about the economy as they were in January. |
| 0:37.6 | Confidence has been rising, mostly because inflation has come down and |
| 0:41.1 | because the job market is still strong. The number of new home |
| 0:44.8 | construction projects fell in January from the month before, according to the |
| 0:48.4 | Commerce Department, but housing starts for more than 8.5% higher than the |
| 0:52.4 | same time a year ago. I'm Justin Har, with the marketplace minute. You're going to. |
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.