The economy doesn’t love the heat, either
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 June 2024
⏱️ 28 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
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| 0:00.0 | It's the sound of another sale on Shopify, the all-in-one commerce platform to start, run, and grow your business. |
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| 0:19.1 | complete control over your business and your brand without learning new skills in design or coding. |
| 0:25.0 | And thanks to award-winning help and with an extensive business course library, |
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| 0:33.4 | It's time to get serious about selling and get Shopify today. |
| 0:37.0 | Sign up for a one pound per month trial period at shopify.co. |
| 0:41.6 | UK slash marketplace 22 all lowercase. |
| 0:45.6 | Go to Shopify. co. |
| 0:47.9 | dot UK slash marketplace 22 to take your business to the next level today. Shopify.co. UK slash |
| 0:56.6 | marketplace 22. Remember that game from when you were a kid, telephone? |
| 1:04.0 | People pass a message from person to person, |
| 1:05.6 | and what you get at the end is always way different |
| 1:08.0 | than what you started with? |
| 1:10.2 | Well, that, except for monetary policy. |
| 1:15.0 | From American public media, this one is the 17th of June good as always to have you |
| 1:34.4 | along everybody our particular game of telephone today features the US |
| 1:39.2 | bond market which for give or take the past two months has been having itself a little bit of a rally |
| 1:45.3 | prices have been going up which means yields the interest rates those bonds pay |
| 1:50.5 | have been going down back in April the yield on the benchmark 10-year Treasury was at 4.88%. |
| 1:58.0 | Last week, it hit 4.22%. |
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