The stock market temper tantrum, explained
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 5 August 2024
⏱️ 21 minutes
🧾️ Download transcript
Summary
It’s been a tumultuous Monday for global markets as investors worry about the strength of the American economy. We’ll explain the data points behind the stock market slide and what it could mean for the Federal Reserve’s upcoming decisions on interest rates. And, we’ll get into what the fallout of former President Donald Trump’s appearance at the National Association of Black Journalists says about microaggressions in the workplace. Plus, women’s rugby, Flavor Flav and all things Olympics.
Here’s everything we talked about today:
- “Trump attacks Harris’s Black identity at NABJ conference. Harris says Americans ‘deserve better.’” from The Washington Post
- “Traders Bet on Fed Emergency Rate Cuts, but Officials Need More to React” from The New York Times
- “U.S. women’s rugby team’s recent $4M gift is momentous for the sport: ‘We’ve always wanted to be included'” from CNBC
- “Flavor Flav’s new reality: Tackling gender pay inequality in sports, one Olympic polo match at a time” from The Oregonian
- “An Olympian couldn’t pay her rent. Flavor Flav and Alexis Ohanian stepped in to help” from CNN Sports
- “Flavor Flav Signs Five-Year Sponsorship Deal as Official Hype Man for USA Water Polo Women’s and Men’s National Teams” from USA Water Polo
- “Google pulls Gemini AI ad from Olympics after backlash” from The Verge
We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:25.0 | That's Dell.com slash deals. Hello everyone I'm Kimberly Adams. Welcome back to Make Me Smart where we make today make |
| 0:39.3 | sense. Sense. Does anything make sense anymore anyway. |
| 0:43.4 | Kai is out today so I have marketplaces Matt Levin here with me |
| 0:48.3 | Making make it make sense. I will try. It's tough these days |
| 0:53.2 | uh... thanks everyone for joining us today is Monday |
| 0:57.1 | August fifth bad things always happen on monday's |
| 1:01.1 | uh... what bad thing could you be talking about Matt? |
| 1:04.0 | Anyway, we're going to get to some news. |
| 1:08.0 | We're going to do some smiles, but let's start with the news because there's the big story that we're certainly watching here at |
| 1:13.4 | Marketplace go ahead Matt. So the big story is the stock market is very very |
| 1:19.7 | unhappy not just in the United States but kind of around the world. |
| 1:24.8 | So because the show was off last week I thought we could take a step back to talk about some of |
| 1:30.5 | the data points that may have helped precipitate this. |
| 1:33.6 | So on Friday, we got that jobs report that was less than stellar. |
| 1:39.5 | The unemployment rate shot up to 4.3%, which still really isn't all that bad but definitely going in |
| 1:46.5 | the wrong direction and then probably more consequentially there were only only 114,000 new jobs created, which was the second smallest |
| 1:57.8 | gain in a 43 month period. |
... |
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