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

A board displays the chart of German share index DAX at the stock exchange in Frankfurt am Main, western Germany, on Dec. 29, 2017, the final day of trading before the New Year break. DANIEL ROLAND/AFP/Getty Images

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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

by Andy Uhler Feb 2, 2018
Teams are owned almost exclusively by white men. Here's a look at why.

Wage pickup, a long time coming, leaves investors unhappy

by Mitchell Hartman and Marielle Segarra Feb 2, 2018
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. […]

Music from the episode

Mobius Streak Hiatus Kaiyote
Chartreuse Capital Cities

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