The rise of the private asset
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 5 November 2025
⏱️ 8 minutes
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Summary
The London Stock Exchange has launched a series of indexes to track private investment funds. "Private investment" is a phrase we've been hearing a lot — the Trump administration is trying to make it easier to add it to your 401(k). And the "private credit" market has been catching serious side-eye from Jamie Dimon and others. But what the heck does "private" even mean in these contexts? We have an explainer. Plus, a look at job creation and sentiment among farmers.
Transcript
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| 0:00.0 | They don't get a Vince Lombardi trophy for this, but it is now the longest federal shutdown in U.S. history. |
| 0:08.8 | I'm David Brancaccio in Los Angeles in lieu of government jobs data that would have come later this week, but won't because of the government shutdown. |
| 0:17.5 | The private ADP payroll report for October just came in stronger than expected. |
| 0:22.5 | Went up for the first time in three months. Forty-two thousand more people getting paychecks is not a lot of job |
| 0:28.0 | creation, but it is something. Marketplaces Nancy Marshall-Gensur has more. We were supposed to get the job |
| 0:33.6 | openings and labor turnover or jolt survey from the labor department yesterday. Of course, |
| 0:39.2 | we didn't because of the government shutdown. We do have new data from the job site Indeed. |
| 0:44.7 | It's not great news. Indeed's job posting index tracks online job ads. It fell to the lowest level |
| 0:51.1 | since February of 2021. Indeed also says advertised wages have slipped |
| 0:56.6 | eight-tenths of a percentage point from the same time last year. There's more grim news from |
| 1:01.8 | the outplacement firm Challenger Gray in Christmas. It says there have been almost a million |
| 1:06.1 | job cuts so far this year, with the government sector losing almost 300,000 positions. Tech companies |
| 1:12.8 | and retailers also announced job cuts, even though this is traditionally when stores bulk up on |
| 1:18.3 | hiring for the holidays. In fact, Challenger Gray and Christmas says seasonal retail hiring this |
| 1:23.5 | year will hit its lowest point since 2009 when we were in a recession. I'm Nancy Marshall |
| 1:29.8 | Genser for Marketplace. Also with the shutdown air traffic controllers are not getting paid, |
| 1:36.1 | leading to staffing problems and delays and canceled flights. Transportation Secretary Sean |
| 1:41.5 | Duffy says, if the shutdown gets to early next week, he expects what he calls mass chaos that could force officials to close parts of U.S. airspace to airplanes. |
| 1:52.9 | You can argue the economy is a collection of moods. It's about whether, say, consumers or CEOs or home builders are feeling up or down about their economic |
| 2:02.4 | prospects. Purdue University has a fresh measure of sentiment in the agriculture sector, |
| 2:07.6 | Marketplaces Savannah Peters reports. Now is not a great time to be farming row crops. Think |
| 2:13.6 | soybeans, wheat, and corn. Prices are relatively depressed from where they were over the last |
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