Marketplace Morning Report Health care job growth continues to be on a tear
7 snips
Mar 5, 2026 
Mitchell Hartman, Marketplace reporter covering labor and the economy, outlines why health care added 436,000 jobs. Simon Harvey, senior macroeconomist at LB Macro, explains how the war with Iran has pushed the dollar up and what that means for markets. They discuss health care hiring drivers, automation risks, and capital flows in short, punchy conversations.
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War With Iran Prompted Dollar Repatriation
- Geopolitical conflict pushed U.S. investors to repatriate funds, strengthening the dollar about 1% since the war with Iran began.
- Simon Harvey attributes the rise to domestic flows back into the U.S. amid heightened risk and mentions longer-term structural distrust of U.S. assets.
Emerging Markets Diversify Away From U.S. Assets
- Some emerging market central banks are diversifying away from U.S. assets due to concerns about institutional credibility and weaponization of assets.
- Simon Harvey warns U.S. military action in the Middle East may accelerate rotations into gold, Bitcoin, and euros.
Gold Hasn't Acted Like A Typical Safe Haven
- Gold's reaction to the conflict has been muted and inconsistent with typical safe-haven behavior.
- Simon Harvey links gold's performance to its correlations with tech stocks and retail exposure, not just inflation hedging.