Tess Vigeland speaks with Leigh Gallagher from Fortune Magazine and Cardiff Garcia from the Financial Times’ Alphaville blog.
On the market’s reaction to Osama bin Laden’s death:
Gallagher: The market’s funny with geopolitical turmoil. It looks like it very rarely impacts the markets. And I think this news, however big and enormous it was, it’s just not as big an event for the market.
On today’s jobs report:
Garcia: More than anything, I thought it was a confusing report. At least it does confirm that the private sector job gains we saw in the last couple months weren’t a complete fluke. But the bottom line is still the same: the labor market is sort of steadily improving, but given the precipice from which it’s trying to climb out of, it’s still completely inadequate.
For more, click “Listen to the story” on the top of this page.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.