New York Times Podcasts
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Why the Stock Market Just Keeps Going Up

Posted

October 20, 2025

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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.

GuestJoe 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 For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Guests & Subjects Covered

Joe RennisonThe New York TimesGuest Joe RennisonPhoto Jeenah MoonReuters ForApple PodcastsSpotify You

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Why the Stock Market Just Keeps Going Up · New York Times Podcasts · Sentinel