The economy doesn’t love the heat, either
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 17 June 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
A stretch of the U.S. is under a heat advisory this week — but summer starts Thursday. When we talk about a “hot” economy, it’s usually a good thing, but in real life, extreme heat sends economic productivity downhill. We’ll get into why. Also in this episode: Retailers launch copycat sales to compete with Amazon Prime Day, Baltimore longshoremen are finally back to work and the bond market is booming.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | If you need to hire, you need Indeed. |
| 0:02.4 | Indeed is your matching and hiring platform |
| 0:04.8 | with over 350 million global monthly visitors, |
| 0:07.6 | according to Indeed Data, |
| 0:09.2 | and matching technology that helps you find quality candidates fast. |
| 0:13.0 | Indeed doesn't just help you hire faster. |
| 0:15.0 | 75% of employers claim, indeed delivers the highest quality matches |
| 0:20.0 | compared to other online job sites. |
| 0:22.0 | Listeners of this show will get a 100 pound sponsored job credit to get your jobs more visibility at indeed.com. |
| 0:30.0 | Indeed.com slash MP. |
| 0:32.0 | Terms and conditions apply. Need to hire? Indeed. telephone, people pass a message from person to person, and what you get at the end is always |
| 0:44.4 | way different than what you started with? Well, that, except for monetary policy. |
| 0:52.3 | From American public media, this is Monday today. This one is the |
| 1:09.6 | 17th of June. Good as always to have you along, everybody. |
| 1:13.4 | Our particular game of telephone today features the U.S. Bond market, which, for give or take the |
| 1:19.3 | past two months has been having itself a little bit of a rally. |
| 1:23.0 | Prices have been going up, which means yields, |
| 1:25.8 | the interest rates those bonds pay have been going down. |
| 1:29.6 | Back in April, the yield on the benchmark 10-year Treasury was at 4.88%. Last week, it hit 4.22%. In the land of bonds, that's a lot. And it's generally a good thing when interest rates fall. It's good for stocks because it's cheaper for companies to borrow and invest. |
| 1:48.0 | It's good for housing because lower mortgage rates mean more people can afford to buy. |
| 1:52.0 | It's good for consumers because they can buy more and |
| 1:54.0 | pay less on their credit cards. But to get back to our game of telephone, why are rates falling |
... |
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.

