Segments From this episode
What does it mean when a bank moves $10 billion into reserves?
JPMorgan Chase will set aside over $10 billion in cash reserves, one of several large banks putting aside money in anticipation of loses related to COVID-19. Marketplace host Kai Ryssdal and University of Washington finance professor Jarrad Harford explain what this says about the economy.
Eighty percent of restaurants in New York City didn't pay full rent in June. The businesses historically have little if any reserves, one expert says.
The Trump administration has been pushing for the move for two years.
Many Black clients are seeking therapists they trust to deal with mental health trauma since the police killing of George Floyd.