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02/02/2018: Markets go down, too (and that’s OK)
Feb 2, 2018

02/02/2018: Markets go down, too (and that’s OK)

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You hear us say it all the time: The stock market is not the economy. That's especially true today, as the Dow took a steep dive just after a really great jobs report. We'll talk about it on the Weekly Wrap. Then: We're gonna dig into wages, because the 2.9 percent growth we saw last month was a big deal after years of stagnation. Plus: When you watch the Super Bowl this weekend, take a look at the owners boxes: full of white guys, like nearly every team in the NFL. But why?

Segments From this episode

The NFL's owners look a lot different from the players

Feb 2, 2018
Teams are owned almost exclusively by white men. Here's a look at why.
New England Patriots owner Robert Kraft raises the Lombardi Trophy after defeating the Atlanta Falcons during the 2017 Super Bowl in Houston.
Elsa/Getty Images

Wage pickup, a long time coming, leaves investors unhappy

The pace of wage growth increased in January, with average hourly earnings up 2.9 percent year-over-year, according to the Labor Department’s monthly Employment Report. But real, inflation-adjusted wages have been nearly stagnant for decades, rising just 7 percent for the median household over the past 40 years, according to analysis by the Economic Policy Institute. […]

You hear us say it all the time: The stock market is not the economy. That’s especially true today, as the Dow took a steep dive just after a really great jobs report. We’ll talk about it on the Weekly Wrap. Then: We’re gonna dig into wages, because the 2.9 percent growth we saw last month was a big deal after years of stagnation. Plus: When you watch the Super Bowl this weekend, take a look at the owners boxes: full of white guys, like nearly every team in the NFL. But why?

Music from the episode

Mobius Streak Hiatus Kaiyote
Chartreuse Capital Cities

The clock is ticking 

Our fiscal year ends tomorrow. Can you chip in $50, $25 or even $10 to help us reach our goal?