Why racial disparities in stock market investments persist
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 October 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Stocks are increasingly an important source of household wealth. Thanks to the booming stock market, U.S. household wealth surged to a record high last year, per Federal Reserve data. But there are continued racial differences in stock ownership, which has big implications for the racial wealth gap. We’ll learn more. Also on the show: producer prices remain tame, and business travel spending rebounds.
Transcript
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| 0:00.0 | Hi I'm Kai Rizdahl the host of How We Survive |
| 0:03.4 | It's a podcast from Marketplace. In 1986, before I was a journalist, I was flying for the Navy. |
| 0:09.6 | Mr. Gorbachev, tear down this wall. |
| 0:14.4 | It was the cold war and my first deployments were intercepting Russian bombers. |
| 0:18.6 | Today though, there's another threat out there, climate change. |
| 0:22.6 | This could be the warmest year on record. |
| 0:24.6 | Climate change is here. |
| 0:25.7 | Temperatures here are warming faster than anywhere on Earth. |
| 0:29.5 | And while the threat seems new, the Pentagon's been funding studies on climate change since the 1950s. |
| 0:35.9 | I think we will put our troops and our forces at higher risk if we don't recognize the impact of climate change. |
| 0:44.7 | This season, we go to the front lines of the climate crisis |
| 0:47.5 | to see how the military is preparing for the threat. |
| 0:51.0 | Listen to how we survive, wherever you get your podcasts. |
| 0:56.0 | What would you pay for an airline seat that doesn't require you to fly with a chiropractor? |
| 1:01.0 | I'm David Brancaccio first today producer prices show |
| 1:04.8 | inflation at the wholesale level is tame, reinforcing yesterday's benign reading |
| 1:09.0 | on consumer inflation yet judging by higher interest rates in the market, the bond market folks are still trading |
| 1:15.2 | on ancient news. |
| 1:16.6 | It's been 169 long hours just over a week since investors were surprised by all the |
| 1:22.4 | hiring in September. |
| 1:24.0 | For instance, the average mortgage rate is about half a percentage point higher than when the |
| 1:29.0 | Fed did its big interest rate cut in mid-September. |
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