"The Pitt" is the ultimate workplace drama
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What insights does R. Scott Gemmill share about 'The Pitt'?
Just because it does bear repeating, the economy does not stop when headlines turn elsewhere, you know. Also, and completely unrelated, we're going to talk a little television on the program today from American Public Media. This is Marketplace.
In Los Angeles, I'm Colin Risdell. It is Wednesday. Today, this one is the 4th of March. Good as always to have you along, everybody. There are some things happening in this economy, ours and globally, that make good sense. Oil, for instance, spiking. We all know why. Gold, though off its highs right after the war started, still up a lot. The U.S. dollar since Saturday morning very much in demand, which means it's been strengthening relative to other currencies. All of the above are par for the course when geopolitics goes haywire. Where things are getting strange, though, where that flight to safety paradigm that we are so very used to seems to be breaking down is in the market for U.S.
How does the role of a showrunner influence a series?
treasuries, the safest of safe havens. You would expect investors to want more of them, just like they want more dollars. But no. Marketplace's Justin Ho is on the what the heck is going on here desk for us today.
When investors want to pile into the safety of the U.S. dollar, they have plenty of options.
You could find a money market fund that's a relatively safe place to go to.
Brendan McKenna with Wells Fargo says investors could also park their money in corporate bonds, which you need dollars to buy. Same with mortgage-backed securities. You could park it in just a savings account, right?
And you're relatively safe there.
Investors have been considering these options because they're not exactly thrilled about investing in U.S. treasuries right now. Sebastian Malaby, senior fellow at the Council on Foreign Relations, says between the president's tariffs, his attacks on Federal Reserve independence, his intervention in Venezuela, and now Iran... You just have this series of ad hoc policies that undermine the idea that there's a stable hand guiding the system.
And when you don't believe that anymore...
What challenges do writers face in creating a medical drama?
you're not going to want to hold U.S. government debt because you don't trust the U.S. government.
But Malabi says investing in Europe or Asia is looking risky too, especially since the war is making energy more expensive.
Both the East Asian economies and Europe are big energy importers. So a spike in the cost of energy is very, very bad for them.
Compared to that, the U.S. economy looks relatively more stable. Christopher Vecchio, head of futures and FX with the research company Tasty Lives, says investors are basically just sitting on their dollars.
If you are someone who, for example, is in Europe, and this really is more of a question for foreign investors and traders. I may sell out of my U.S. treasuries and instead of converting the money back into euros, I could just keep them in U.S. dollars.
Vecchio says no matter what investors think of U.S. treasuries, the dollar is always going to be in high demand because the global economy runs on dollars.
How does 'The Pitt' compare to traditional medical dramas?
I'm Justin Ho for Marketplace.
On Wall Street today, traders did what they do sometimes. When things go haywire, they're going to ignore anything that's not right in front of their noses. We will have the details when we do the numbers.
Treasury Secretary Scott Besson said today that those tariffs that President Trump announced after the Supreme Court ruling against him a couple of weeks ago, the 10 percent tariffs the president imposed, Besson said today that could go up to 15 percent as soon as this week. One hesitates to presume the Secretary of the Treasury isn't aware of this, but that tariff bump would be feeding into an economy already dealing with the inflationary pressures that war brings. And we're going to talk about that and some other stuff with Heather Long. She's the chief economist at Navy Federal Credit Union, also comes by on Fridays from time to time. Hi, Heather. Hi, Kai. What is your inflation spidey sense, if you will, telling you right now?
Well, it's certainly going to be going up.
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Chapters
8 chapters
1
What insights does R. Scott Gemmill share about 'The Pitt'?
0:01–1:08
2
How does the role of a showrunner influence a series?
1:08–2:12
3
What challenges do writers face in creating a medical drama?
2:12–3:07
4
How does 'The Pitt' compare to traditional medical dramas?
3:07–4:41
5
What economic themes are explored in the series?
4:41–5:56
6
How do real-world medical issues impact storylines in 'The Pitt'?
5:56–6:43
7
What is the significance of having medical professionals in the writers' room?
6:43–8:10
8
What future developments can we expect in the upcoming season of 'The Pitt'?
8:10–25:40