David Brancaccio

This is a milestone for homebuyers who haven't seen below 6 for nearly three and a half years.

Marketplace's Carla Javier reports.

On a mortgage of, say, $500,000, the payment would be $293 a month cheaper now than a year ago, just under $3,000 a month.

In Los Angeles, I'm David Brancaccio, Marketplace Morning Report from APM, American Public Media.

What happened when stock market players read an ominous tale of AI destruction?

I'm David Brancaccio in Los Angeles.

Yes, more confusion over which tariffs apply to whom and how much, but it was what one online commenter called a scary bedtime story that caused that significant sell-off on the stock market yesterday.

The S&P and the Nasdaq yesterday fell more than 1%.

after a lesser-known stock analysis firm published a speculative piece about how artificial intelligence could undermine the economy by the summer of 2028, i.e.

the day after tomorrow.

This thing by Citrini Research caught fire among financial market participants.

Ben Kumar is head of equity strategy at Seven Investment Management.

The narrative had been AI is going to help everybody's profits by making us more productive.

This thing is like AI could wipe out a lot of the economy.

And it doesn't present new data.

It was just a scenario.

And it looks like we had stock markets vulnerable to this kind of thing.

Ben Kumar at Seven Investment Management in London.

Now, in recent days, Anthropic launched an AI-based tool that digs into software code to find and fix security vulnerabilities.

Now, Microsoft had long been making a lot of money doing that, and Microsoft stock fell 3.2 percent, but popped back up 1 percent this morning.