PODCAST: Dow highs, Chavez's legacy

Nicaraguan supporters of Venezuelan President Hugo Chavez pray for the health of Chavez in Managua on February 29, 2012.

The Dow posted another record high this morning. The surge came on the heels of a new report from the payroll processing company ADP, which showed that private employers added 198,000 jobs in February. Tomorrow, the Labor Department releases its February jobs report.

In Venezuela, some are mourning, and some are not, for Hugo Chavez, the country’s polarizing president, who died yesterday. Supporters see him as a champion of the poor. Critics say he ruined the country’s economy. Chavez’s economic legacy is a mix of both.

BNSF, a freight railway, hauls things like grain and oil from North Dakota. Now, ironically, its trains may use natural gas to haul that oil. The reason? Gas is cheap, but how cheap?

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.

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