The Bear Market Necessities
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 15 June 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
Inflation is at a four-decade high, and on Monday, stocks fell to their lowest levels since March 2021. We break down what’s happening in the economy, why, and what you need to know about what the Federal Reserve might do in response at its meeting today.
Russian troops are reportedly in control of as much as 80 percent of the Ukrainian city of Sievierodonetsk. Jack Crosbie, a correspondent for Rolling Stone, joins us to discuss what he saw on the ground when he was in eastern Ukraine last week.
And in headlines: the House passed a bill to increase security for Supreme Court justices, BTS is going on an indefinite hiatus, and an appeals court ruled that a 51-year-old Asian elephant named Happy was not a person.
Show Notes:
Jack Crosbie on Twitter – https://twitter.com/jscros
Donate to Crooked Media’s Pride Fund – https://crooked.com/pride/
Sign up for Crooked Coffee’s launch on June 21st – http://go.crooked.com/coffee-wad
Follow us on Instagram – https://www.instagram.com/whataday/
For a transcript of this episode, please visit crooked.com/whataday
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Wednesday June 15th. |
| 0:06.2 | I'm Gideon Resnick. |
| 0:07.6 | And I'm Priyanka Irvindi and this is what a day where we're acknowledging our role |
| 0:11.4 | in damaging the dress Kim Kardashian more to the Met Gala. |
| 0:15.0 | We used it to clean up a spell. |
| 0:16.6 | Yes, the dress was Marilyn Monroe's. |
| 0:18.7 | We didn't know that. |
| 0:19.7 | We just knocked over a soda and grabbed the first thing we saw. |
| 0:22.2 | The other detail here is that we are constantly hanging out with Kim just a side note. |
| 0:26.4 | That point was understood in our telling of the story. |
| 0:31.4 | On today's show, we're going to get on the ground report from Ukraine on what civilian |
| 0:34.2 | life is like right now. |
| 0:35.6 | Plus, the K-pop band BTS says that they are going on a break. |
| 0:39.6 | Say it ain't so. |
| 0:40.8 | But first we are breaking down what is happening in the economy, why and what you need to know |
| 0:45.4 | about what the Federal Reserve might do in response at its meeting today. |
| 0:50.0 | So on Monday, stocks fell to their lowest level. |
| 0:52.8 | Since March 2021, you have probably heard the term bear market being used to describe |
| 0:58.2 | what's happening. |
| 0:59.6 | That is a term that investors use to describe a drop of 20% or more from recent highs. |
| 1:04.7 | A bear market isn't an official benchmark, but when we dip into one, it usually precedes |
| 1:09.8 | a recession. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from What A Day, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of What A Day and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.