The number of union petitions continues to climb
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 16 October 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Data from the National Labor Relations Board shows the number of union petitions filed in the past year rose 3%. That’s following a whopping 53% increase the year before. But more union petitions don’t always mean more union members. We explore. Also, we discuss what we could be hearing from Fed officials this week and delve into the role of misinformation in the Israel-Hamas War.
Transcript
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| 0:00.0 | We'll hear lots from the Fed this week. |
| 0:04.2 | From Marketplace, I'm Nancy Marshall-Genzer in for David Boncaccio. |
| 0:08.2 | This will be a busy week. |
| 0:09.7 | We've got more earnings reports, plus speeches from federal reserve officials. |
| 0:14.0 | Julia Coronado joined us now to talk about what's ahead. |
| 0:16.9 | She's founder and president of macro policy perspectives. |
| 0:20.2 | Good morning, Julia. |
| 0:21.2 | Good morning. |
| 0:22.2 | So, let's talk bank earnings first. |
| 0:24.5 | Some of the biggest banks are doing really well, but they don't think the good times |
| 0:29.2 | are going to last. |
| 0:30.2 | So, what's going on? |
| 0:31.2 | Well, a couple of things. |
| 0:33.4 | One is that the long-term interest rates have risen a lot. |
| 0:37.2 | That can be good for banks because they can charge more, but shorter-term interest rates |
| 0:42.0 | are still higher than longer-term interest rates. |
| 0:44.6 | So, money's expensive. |
| 0:46.3 | They have to pay more to their depositors. |
| 0:48.9 | And then secondly, they're looking at loan losses as commercial real estate, delinquencies |
| 0:54.9 | that we're starting to see on credit cards and car loans start coming through. |
| 0:59.1 | So, it's a rough road ahead for banks. |
| 1:01.9 | And in the week ahead, we're going to have just a parade of federal reserve officials speaking, |
... |
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