Apr 24, 2018

04/24/2018: How’d interest rates get this high?

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(Markets Edition) A key benchmark for interest rates in America — the government's 10-year Treasury note — just crossed above 3 percent since the first time since 2013. We'll talk with economist Julia Coronado about some of the causes for this increase. Afterwards, we'll look at the disparities between the rich and poor in oil-rich Midland, Texas — an area where the median household income  is $70,000. Plus: A look at the quarterly earnings report of Google's parent company, Alphabet.

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Oil prices are on the rise, but some in oil country are feeling left out

Apr 24, 2018
In Midland, Texas, the gap between rich and poor is evident at every turn.
Flags shown in Midland, Texas.
Filipa Rodrigues/Marketplace

(Markets Edition) A key benchmark for interest rates in America — the government’s 10-year Treasury note — just crossed above 3 percent since the first time since 2013. We’ll talk with economist Julia Coronado about some of the causes for this increase. Afterwards, we’ll look at the disparities between the rich and poor in oil-rich Midland, Texas — an area where the median household income  is $70,000. Plus: A look at the quarterly earnings report of Google’s parent company, Alphabet.

The team

Stephen Ryan Producer, BBC