Kyle Risdell

Feels like it's been a while, so I'm going to say it out loud again, just so we all remember.

Stocks go down, too, gang.

From American Public Media, this is Marketplace.

In Los Angeles, I'm Kyle Risdell.

It is Thursday today.

This is the 5th of February.

Good as always.

Stab you long, everybody.

The standard caveat applies here.

Stock market, economy, not.

But stock market vibes?

Economy-ish.

The major indices today, as you have perhaps seen or already heard, not good in a kind of substantive way.

People are a bit wigged out over the big software companies and what AI might do to them.

Google, as we mentioned yesterday, is going to spend $175 to $185 billion on AI this year.

There is some agita out there about that.

And then there's the labor market, of which we have spoken often recently and about which we have some new numbers today.

The first number, that is, is 213,000.

That's how many people filed first-time claims for unemployment benefits last week, a not small jump of 22,000 from the week earlier.

The next number is six and a half million.