Intro

Tariffs are at their highest rate in nearly a century, and the labor market is weakening. These are volatile times for the U.S. economy — but the stock market keeps going up.

Joe Rennison, a reporter covering financial markets for The New York Times, explains what is going on.

Guest: Joe Rennison, a financial reporter for The New York Times.

Background reading: 

• Read about the factors helping markets climb past bad news.
• The specter of a trade war between Washington and Beijing has the potential to roil markets.

Photo: Jeenah Moon/Reuters

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.