90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Stock Market Highs — Plus: Angelina Jolie’s Cancer Decision

All- time highs in the stock market lately.  We ask why, and whether it says recovery or bubble. Plus: Angelina Jolie’s decision to have a double mastectomy.

A board on a trading post on the floor of the New York Stock Exchange shows the Dow Jones industrial average with an intraday number above 15,000, Tuesday, May 7, 2013. (AP)

A board on a trading post on the floor of the New York Stock Exchange shows the Dow Jones industrial average with an intraday number above 15,000, Tuesday, May 7, 2013. (AP)

Last week, the Dow hit numbers we’ve never seen before.  15,000-plus.  The S&P at all-time high stock market numbers, too.

So, what’s going on?  Recovery?  Bubble?  Something else?  Is it all about the Fed?  Millions of Americans have nothing to do with the stock market these days.  But millions do need to save, build a nest egg. So what’s going on on Wall Street?

This hour, On Point:  dissecting the big run-up in stocks, and what it means.

Plus: we will look at superstar actress Angelina Jolie’s decision to have a double mastectomy at 37 to reduce her risk of breast cancer.

- Tom Ashbrook

Guests

Steven Russolillo, covers financial markets for the Wall Street Journal. (@russolillo)

Allen Sinai, chief global economist at Decision Economics.

Michael Pento, president of Pento Portfolio Strategies. Author of “The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.” (@michaelpento)

Closing Segment on Angelina Jolie’s Preventative Mastectomy

Angelina Jolie looks to the media as she leaves a G8 Foreign Ministers meeting on sexual violence against women in London, Thursday, April, 11, 2013. (AP)

Angelina Jolie.(AP)

Dr. Judy Garber, director of the Center for Cancer Genetics and Prevention at the Dana Farber Cancer Institute. Professor of Medicine at Harvard Medical School.

Angelina Jolie’s op-ed in the New York Times: My Medical Choice.

From Tom’s Reading List

The Associated Press: Dow Has Its First Close Above 15,000 Points – “Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time.”

The Wall Street Journal: Economic Road Clearing, but the Going is Slow — “After four years of crises, foreign and domestic, that threatened to plunge the U.S. economy back into recession, the road ahead at last looks comparatively free of roadblocks. But progress remains slow, and there is little reason to expect meaningful acceleration in coming months.”

The Washington Post: Why are hedge fund titans so upset about the stock market boom? — “We can argue all day long about whether quantitative easing policies from the world’s central banks are doing much to help the economy. But this much is for darn sure: It is boosting a wide range of financial markets.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Sep 19, 2014
A voter in Scotland's Independence Referendum, right, walks past a YES supporter as she arrives at a polling place in Edinburgh,Thursday, Sept. 18, 2014. (AP/David Cheskin)

ISIS and arming Syrian fighters. Scotland votes. NFL turmoil. US troops and Ebola. Our weekly news roundtable goes behind the headlines.

Sep 19, 2014
Joseph O'Neill (courtesy of the author)

Author of “Netherland,” novelist Joseph O’Neill is back, with “The Dog,” on globalization, capitalism, and self-discovery in Dubai.

RECENT
SHOWS
Sep 18, 2014
(Flickr/AisleTwentytwo)

Billionaires. We’ll look at the super super rich, and their global shaping of our world.

 
Sep 18, 2014
Flickr/Steve Rhodes

After a summer of deadly clashes between Gaza and Israel, we talk to Jews on the left and right about the future of liberal Zionism. Some say it’s over.

On Point Blog
On Point Blog
Talking Through The Issue Of Corporal Punishment For Kids
Wednesday, Sep 17, 2014

On Point dove into the debate over corporal punishment on Wednesday — as Minnesota Vikings running back Adrian Peterson faces charges in Texas after he allegedly hit his four-year-old son with a switch.

More »
2 Comments
 
Our Week In The Web: September 12, 2014
Friday, Sep 12, 2014

In which you had varied reactions to the prospect of a robotic spouse.

More »
Comment
 
Beverly Gooden on #WhyIStayed
Friday, Sep 12, 2014

Beverly Gooden — who originated the #WhyIStayed hashtag that has taken off across Twitter — joined us today for our discussion on domestic violence.

More »
1 Comment