Nobody's Sign Fell Eight Percent
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Nobody's Sign Fell Eight Percent
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Dave Explains the Economy in Plain English — Ep. 009 — Thu Nov 5
Oil fell more than eight percent in one day and it's back under a hundred bucks, the Dow had its best day in eighteen months, and I still don't have a pump number newer than $4.29 — day five — so now it's on you: Bill's rule says up fast, down slow, and this is the down-slow part. Nintendo raised the price on the Switch 2, sales dropped 41%, and profit went up 11% to about $1.39 billion anyway; Europe's biggest steelmaker said out loud that tariffs boosted its earnings 34%, which answers Lorraine in Ashtabula's question about whether "tariff" is real or the new excuse; and JetBlue raised bag fees for the second time this year on the same day oil dropped. Russ in Kalamazoo asked if a hike moves his savings rate or just his card.
Dave Scale: Oil/gas 6 · Switch 2 5 · Steel tariffs 5 · JetBlue 3
Got a question for Dave? Email dave@daveexplainspodcast.com — Kev reads all of them.