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Marketplace All-in-One

Trust, blame and how the American economy feels

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 4 December 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today, we’re taking a closer look at how people are feeling in this economy. Salaries for Americans are still increasing, but many think their pay isn’t keeping up with inflation. The data doesn’t bear this out. So what’s behind the disconnect? We’re also joined Alissa Quart, executive director of the Economic Hardship Reporting Project, who discusses Americans’ perceptions of the economy, the politics of resentment and the importance of building a working-class media.

Transcript

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0:00.0

Should pay stubs come with an inflation deduction? I'm David Brancaccio. First, we're leading with South

0:07.9

Korea, where martial law was imposed and soon lifted after the legislature unanimously pushed

0:13.6

back. South Korean finance ministry officials are now pledging unlimited support to markets

0:18.7

if needed. The Bank of Korea also offered support. The stock market

0:22.7

in Seoul did open today and the key index fell 1.4%. Stock in Samsung electronics fell 9 tenths

0:29.9

of a percent. Hyundai Motor down 1.3%. The BBC's Steve Lai has more from Seoul.

0:36.4

The opposition parties have submitted an impeachment bill against President Eun Sang-Kiol after his short-lived declaration of martial law.

0:44.3

Now, the president now finds himself under fire from all sides.

0:47.2

Media reports say his cabinet have offered to resign en masse, and the head of the country's biggest labor union has called a nationwide strike against

0:54.8

Mr. Yun. There has been, until he resigns, that is, there has been mass demonstrations outside

1:00.5

the main parliament building in Seoul this morning. The crisis has alarmed many around the world,

1:05.1

both the U.S. and the UK. Say they are relieved that the president reversed his decision,

1:09.5

but are deeply concerned about what is

1:11.5

happening in South Korea.

1:13.8

Steve Lai is with our news partners at the BBC.

1:17.2

Checking the numbers here, SMP futures are up a quarter of a percent.

1:20.2

NASDAQ futures are up six-tenths percent.

1:22.4

Dow futures are up half a percent.

1:24.7

And your eyes can deceive you.

1:26.9

Does it seem there's a pharmacy or two or three

1:29.4

on nearly every corner? An article in the journal Health Affairs looks at the data and finds that

1:34.8

29 percent of America's drugstores closed between 2010 and 2020. 29,000 drugstores.

...

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