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Feb 5, 2018

02/05/2018: Take a deep breath

It’s the Dow’s biggest single-day point drop on record. We’re starting off today’s show with some context: What we know, what we don’t and how serious to take it. Then: If you’ve ever had Wonderful Pistachios, POM pomegranate juice or Halo mandarin oranges, you’re familiar with The Wonderful Company, which operates one of the largest farms in the world. Despite record droughts in California, it actually increased yields. Plus: Economic theory says the Eagles’ first Super Bowl win last night was more valuable than what would have been the Patriots’ sixth. We’ll talk about why.

Traders work on the floor of the New York Stock Exchange on February 5, 2018 in New York City. Following Fridays's over 600 point drop, the Dow Jones Industrial Average fell over 300 points after the Opening Bell. — Traders work on the floor of the New York Stock Exchange on February 5, 2018 in New York City. Following Fridays's over 600 point drop, the Dow Jones Industrial Average fell over 300 points after the Opening Bell.
Spencer Platt/Getty Images

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Segments From This Episode

What happened to the Dow today?
Spencer Platt/Getty Images
Let's break down today's wild ride in the stock market. Should you be concerned?
Building an agricultural empire in a land of drought
by Amy Scott and Sean McHenry
Photo courtesy of Trent Davis Bailey/The California Sunday Magazine
The Wonderful Company produced more pistachios and almonds than anyone else in the world. But to make money, they need water.

Music from the episode

It’s the Dow’s biggest single-day point drop on record. We’re starting off today’s show with some context: What we know, what we don’t and how serious to take it. Then: If you’ve ever had Wonderful Pistachios, POM pomegranate juice or Halo mandarin oranges, you’re familiar with The Wonderful Company, which operates one of the largest farms in the world. Despite record droughts in California, it actually increased yields. Plus: Economic theory says the Eagles’ first Super Bowl win last night was more valuable than what would have been the Patriots’ sixth. We’ll talk about why.