Colin Risdahl

Storms, floods, and fires are ever more extreme.

And yet, the Federal Emergency Management Agency is fighting for its life.

People are waking up in droves to the FEMA camps.

Can the agency survive the stories that have been told about it?

And can we survive without FEMA?

American Emergency, the movement to kill FEMA, is a brand new series from WNYC's On The Media.

Listen wherever you get your podcasts.

Coming up on the program today, a short Wall Street tutorial.

We'll talk factories, and we'll talk price caps, and we will pour one out for Florida oranges.

From American Public Media, this is Marketplace.

In Los Angeles, I'm Colin Risdell.

It is Thursday today.

This one is the 23rd of April.

Good as it always is to have you along, everybody.

Wall Street was in a, yeah, maybe war is not so great mood today.

Equities fell, the price action, as traders like to say, mostly to the downside.

The bigger picture we will do at that spot in the program where we always do the bigger picture, but we begin today with a single company and its roller coaster of a month.

Avis shares were up sevenfold the past 30 days, and they had kept on going up almost

until yesterday.

On this Thursday, ticker symbol CAR, get it, Avis, CAR, C-A-R, shares down 48%, the worst day Avis has had in the markets in 28 years.