Kai Ryssdal
๐ค SpeakerAppearances Over Time
Podcast Appearances
The core rate, which takes out food and energy prices because they bounce around a lot, that was basically flat.
And that's going to make more sense when I tell you that gas prices were up 14 percent in March.
That's wholesale again, not pump prices.
And diesel was up more than 40 percent, 4-0 percent.
Now, me mentioning diesel should get you thinking about what diesel is used for.
And if you said trucks, we'll go straight to the head of the class.
Marketplace's Justin Ho is on trucks, transportation, and what the price of diesel is going to cost consumers for us today.
What if there was a war and six weeks into it, Wall Street and the person, if you will, of the three major indices said, you know what, let's just call it a wash.
Because that's where we find ourselves today.
Equity is basically back to where they were before the bombing started.
We will have the details when we do the numbers.
The macroeconomic phrase of the day today was delivered by the International Energy Agency, which in a report out this morning said it's worried about a falling global demand for oil.
The supply challenges we know about, the Strait of Hormuz being closed and all.
But the IEA says demand destruction is becoming a problem, too.
We have called Catherine Rempel to get some context on this.
She's here every Friday or Fridays every now and then, I suppose.
She's on MSNOW and The Bulwark on the regular.
Catherine, welcome on a not Friday.
Do me a favor and 30 seconds demand destruction.