Jul 1, 2021
A couple of reasons for investors to feel confident
With more people on the move as economies reopen, oil prices will keep going up if demand outraces supply.
Paul Ratje/AFP via Getty Images
Those two indicators are weekly jobless claims and oil prices. Unemployment claims dropped again, and crude oil prices are north of $75 per barrel, the highest since 2018. Plus, a record financial penalty for online brokerage Robinhood. Plus, as the Chinese Communist Party turns 100, how the worker-employer relationship has changed in China over the years. And, why corporations must look internally as well as externally to address social inequity.
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Segments From this episode
"The economy continues on that march toward normalcy"
Fewer people signed up for unemployment last week, and oil prices are spiking. These things signal to the market that the economy is continuing to recover, said Susan Schmidt, head of U.S. equities at Aviva Investors.
Robinhood is paying nearly $70 million in settlement with the Financial Industry Regulatory Authority
Marketplace’s Nova Safo reports.
A teachable moment on the 100th birthday of the Chinese Communist Party
It’s about a worker-employer relationship promoted under communism called the “work unit.” Marketplace’s China correspondent Jennifer Pak has more.
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Daniel Shin
Producer
Jay Siebold
Technical Director
Brian Allison
Engineer
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
