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John Ydstie

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Oil prices have been falling sharply. Since early October, the price of crude has fallen more than 25 percent. To help us understand what's going on in global oil markets, we're joined now in the studio by NPR's John Ydstie. Hi, John.

Updated at 8:56 a.m. ET

Employers added 250,000 jobs in October, more than analysts expected, as the jobless rate remained at 3.7 percent, a nearly 50-year low, the Labor Department said Friday.

The report also showed that the pace of wage growth picked up last month. Average earnings climbed to $27.30 an hour — 3.1 percent above a year earlier.

The 12-month wage increase was the largest since 2009 and topped September's 2.8 percent gain.

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There's no firm indication that the United States will act against Saudi Arabia for the suspected murder of a journalist, but the Saudis may already be paying a price. NPR's John Ydstie reports on what it means that businesses are backing away.

Updated at 4:35 p.m. ET

After the huge sell-off Wednesday, U.S. stocks fell sharply again Thursday. At one point, the Dow was down nearly 700 points. By late afternoon, it had regained some ground but closed down 546 points or a little more than 2 percent.

Over the past two days, the Dow has lost 1,378 points. The S&P 500 was down 2 percent for the day. The Nasdaq lost 1.25 percent.

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Stocks plunged on Wall Street today. U.S. stocks saw their biggest sell-off in six months. The Dow fell 831 points, which is a 3 percent decline. Here to talk about exactly what happened is NPR's John Ydstie. Hey, John.

JOHN YDSTIE, BYLINE: Hi, Ailsa.

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Does the neighborhood you grow up in determine how far you move up the economic ladder?

A new online data tool being made public Monday finds a strong correlation between where people are raised and their chances of achieving the American dream.

Harvard University economist Raj Chetty has been working with a team of researchers on this tool — the first of its kind because it marries U.S. Census Bureau data with data from the Internal Revenue Service. And the findings are changing how researchers think about economic mobility.

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Updated at 5:40 p.m. ET

The United States and Mexico have reached an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement. They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration.

Speaking at the White House on Monday, President Trump said he wanted to change the NAFTA name to the U.S. Mexico Free Trade Agreement. He also reframed the negotiations as two bilateral trade deals.

U.S. whiskey distillers are fretting over the steep new tariffs they're facing around the world. They're being punished as U.S. trading partners retaliate against the Trump administration's tariffs on steel and aluminum. Now, the distillers fear that a long boom in U.S. whiskey exports could be coming to an end.

Kentucky bourbon has experienced a huge revival over the past decade — thanks in large part to U.S. trade initiatives that have opened up global markets, says Eric Gregory of the Kentucky Distillers' Association.

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Senators lashed out today over the Trump administration's tariffs on imported steel and aluminum. Commerce Secretary Wilbur Ross fielded complaints from Democrats and Republicans about lost jobs and damage to U.S. companies. NPR's John Ydstie reports.

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