Segments From This Episode

• Food insecurity, payment trouble hit those who lost jobs during COVID, study finds

  by Mitchell Hartman

  

  For many who lost jobs, relief payments and safety nets weren’t enough to stave off the material hardship.

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• A closer look at what big banks are reporting about consumer behavior in their latest quarterly results

  In JPMorgan Chase’s report, “they are reporting that they’re seeing actually pretty tepid loan demand,” said Julia Coronado, founder and president of MacroPolicy Perspectives. “And that while most of the first round of stimulus last year was saved, a lot more of the current rounds of stimulus are being used to pay down debt.” In other words, people are fixing their balance sheets as we go into what is hopefully more recovery. And, because there’s been so much relief spending, Coronado said, JPMorgan Chase is seeing both debit card spending normalize and spending to pay down existing debt.

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• Grounded planes find a temporary desert home during the pandemic

  by Phil Latzman

  

  Many jetliners are being stored in the aviation equivalent of long-term parking in the southwestern desert of the U.S.

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• 50 years ago, a table tennis match between the U.S. and China helped restart economic relations for the two countries

  Marketplace China correspondent Jennifer Pak has more from Shanghai.

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