The blue screen of death
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 19 July 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
Nearly every economic sector relies on secure technology networks: retailers, airlines, hospitals and more. After a faulty software update by cybersecurity giant CrowdStrike, businesses across the globe came screeching to a halt, dragging customers with them. In this episode, the tech firm behind today’s maddening “blue screen of death.” Plus: why the Federal Reserve plans communication blackouts, a former delivery driver remembers using chickens to mark her routes, and industry upheaval threatens an Alaskan fishing community.
Transcript
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| 0:20.1 | Marketplace. Did you see the blue screen of place. |
| 0:23.0 | Did you see the blue screen of death this morning? |
| 0:26.0 | That plus a look back at the week in the economy, |
| 0:29.0 | and the value of a little quiet time. |
| 0:32.0 | From American public media, this.C. I'm Kimberly Adams in for Kyra's doll. It's Friday, July 19th. Good to have you along. |
| 0:52.0 | I know this was a big week for political news, but even if it didn't always |
| 0:57.3 | make the headlines, it was a pretty big week in the economy as well. So to unpack it all we've got Courtney Brown from |
| 1:04.4 | Axios and Heather Long of the Washington Post. Welcome you to. |
| 1:08.3 | Hi, Kimberly. Hi, Kimberly. Hi. Heather, I want to start with you we got continuing claims for unemployment |
| 1:14.8 | insurance this week that were at their highest level in more than two years |
| 1:19.8 | what does that mean for the labor market? |
| 1:23.0 | Kimberly, I think it's one more yellow flag about the labor market that's showing it's not panic time, |
| 1:30.0 | recession isn't on the doorstep, but we are definitely starting to see a change. |
| 1:34.8 | Companies are not hiring as much. |
| 1:36.8 | We've seen the unemployment rate creeping up for over a year now. |
| 1:40.7 | We've seen temporary help decrease for over two years now. We've seen a |
| 1:45.9 | jump in the long-term unemployment. People who just even once they're laid off |
| 1:50.7 | can't get back in very easily. And now we see the jobless claims really starting to |
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