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Kai Risdal

๐Ÿ‘ค Speaker
128 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

Data so far, this is from Adobe Analytics and the National Retail Federation, suggests that despite all the economic agita, the rate of consumer spending hasn't really declined.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

So while we wait for the government data, we're following some of our small business retail regulars through the holidays, and we've got some midseason updates for you.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

First, Kalina Bruce at Noir Lux Candle Bar in Seattle.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

Colina Bruce driving around Seattle for Noir Lux Candle Bar.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

Two more retail regulars coming up in a bit.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

We don't do straight up stock market stories very often.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

First of all, because, say it with me now, the stock market is not the economy.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

But also, we don't usually do them because as soon as we assign one in our morning meeting, the three major indices either spike or take a tumble.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

Today was a tumble day after the record highs yesterday.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

The thing the market can be useful for, though, is as a guide to what traders are anticipating, how they think the economy and those corporate earnings are going to do in the next six months or so.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

And when things do go up, that can juice economic growth, as Marketplace's Mitchell Hartman explains.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

It's the thought that counts, though, right?

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

First, let's do the numbers.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

Dow Industrials dropped 245 points today, about a half of 1%.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

Closed at 48,458.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

The Nasdaq leaked 398 points.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

That is 1.7%.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

Finished at 23,195, well off the lows.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

S&P 500 down 73 points, 1.1%, 68.27.

Marketplace All-in-One
The stock market isn't the economy โ€” but it's not nothing either

For the week, the Dow up 1%.