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