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The stock market is … an idiot
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News that the Biden administration wants to jack up the capital gains tax rate spooked markets yesterday. Also on today's show: Olympic gymnast Simone Biles is leaving Nike for a smaller athletic brand and the president says tackling climate change will create jobs.
Segments From this episode
The Weekly Wrap: Are we focusing on inflation too much?
"Marketplace" host Kai Ryssdal discusses the Biden capital gains tax and U.S. global economic engagement with Jeanna Smialek of the New York Times and Sudeep Reddy of Politico, for the Weekly Wrap.
Contingencies allow buyers, under certain conditions, to renegotiate or even back out of a deal without losing money.
The Olympic gold medalist's move to the smaller activewear company focused on women may be a sign of new standards for sponsorships.
But will it create them where oil and coal jobs have been lost?