The stock market’s wild ride

1 big thing

Axios

News

4.0 • 2K Ratings

🗓️ 10 May 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The stock market has been going through a lot in the past two weeks: wild swings just in the past seven days, including yesterday with a Wall Street free fall. What does all this uncertainty tell us about the broader economy? Plus, history endangered by wildfires in the Southwest. And, if you would like to send Victor Butler a birthday card, you can mail it to: Victor W. Butler, C/O Gary Butler; P.O. box. 3523 Cranston, RI 02910 Guests: Axios' Felix Salmon and Russell Contreras. Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Alex Sugiura, and Lydia McMullen-Laird. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go deeper: Markets in free fall as investors sell everything Southwest faces "extremely critical" wildfire threat as record heat hits Plains Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:20.2	So visit eonnext.com today.
0:22.4	Discounts available to Eon Next customers in 30th of December 2023, T's and C's eligibility
0:27.2	criteria and geographical restrictions apply.
0:30.0	Good morning, welcome to Axios today.
0:36.4	It's Tuesday, May 10th, I'm Nyla Boudou.
0:39.4	Here's what we're covering today, history endangered by fires in the Southwest.
0:43.9	But first, today's one big thing, hanging on for the market's wild ride.
0:56.3	The stock market has been going through well a lot the past two weeks, with wild swings
1:00.5	just in the past seven days, including yesterday.
1:03.9	What is all of this uncertainty tell us about the broader economy?
1:07.0	Axios's chief financial correspondent, Felix Salmon, is here with the big picture.
1:11.7	Hey Felix.
1:12.7	Hi Nyla.
1:13.7	First, what is all of this volatility about?
1:18.0	Really what it's about is we have interest rates again.
1:21.3	Do you remember interest rates?
1:22.3	It used to be a thing back in like the 2000s and then there was a big financial crisis
	...

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