Yet another stockpile scramble
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 23 April 2026
⏱️ 27 minutes
🧾️ Download transcript
Summary
Business activity growth soared in April, according to S&P Global’s purchasing managers index. The topline number might sound rosy, but experts think the growth spurt is really a sign of fear. In this episode, why businesses spent month two of the war in Iran stockpiling goods. Plus: Avis experiences a stock market “short squeeze,” business owners apply for the first round of tariff refunds, and we look back at the 1970s to understand the economics of oil price caps.
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Transcript
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| 0:00.0 | Right now we are living through some of the most tumultuous political times our country has ever known. |
| 0:06.9 | I'm David Remnick, and each week on the New Yorker Radio Hour, I'll try to make sense of what's happening, |
| 0:12.1 | alongside politicians and thinkers like Cory Booker, Nancy Pelosi, Liz Cheney, Tim Walts, |
| 0:17.6 | Katanji Brown Jackson, Newt Gingrich, Robert F. Kennedy Jr., Charlemagne the God, |
| 0:23.1 | and so many more. That's all in the New Yorker Radio Hour, wherever you listen to podcasts. |
| 0:31.6 | Coming up on the program today, a short Wall Street tutorial. We'll talk factories and we'll talk price caps and we will pour |
| 0:40.4 | one out for Florida oranges. From American public media, this is Marketplace. |
| 0:59.6 | In Los Angeles, I'm Colin Rizdahl. |
| 1:00.6 | It is Thursday. |
| 1:03.2 | Today, this one is the 23rd of April. |
| 1:05.7 | Good, as it always is, to have you along, everybody. |
| 1:13.0 | Wall Street was in a, yeah, maybe war is not so great mood today. |
| 1:18.6 | Equities fell, the price action, as traders like to say, mostly to the downside. |
| 1:24.2 | The bigger picture we will do at that spot in the program where we always do the bigger picture, but we begin today with a single company and its roller coaster of a month. |
| 1:29.8 | Avis shares were up sevenfold the past 30 days, and they had kept on going up until yesterday. |
| 1:36.4 | On this Thursday, ticker symbol, car, get it, Avis, car, C-A-R,airs down 48 percent, the worst day Avis has had in the markets in |
| 1:46.3 | 28 years. The phrase short squeeze is what you're looking for. Marketplace's Kelly Wells |
| 1:54.0 | has today's explainer. Short squeezes start because investors bet on a stock doing poorly, |
| 1:59.9 | also known as taking a short position. Here's an |
| 2:02.6 | example. For whatever reason, I decide that I think Avis is overpriced. And I'm looking for a way to |
| 2:07.7 | make money off of this. In this example, Paul Shea of Bates College will borrow a bunch of shares |
| 2:12.7 | of Avis stock, sell them while they're overpriced, and then when the price falls, he'll buy them back up and |
... |
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