(Markets Edition) The U.S. Commerce Department has outlined a series of steep tariffs on steel and aluminum from some foreign countries, and China is not happy. We'll look at why the Trump administration is pushing for these tariffs and how China might retaliate if they go into effect. Plus: With the markets' wild swings a couple weeks ago, we look at the attitudes young investors have toward stocks.
(U.S. Edition) There's a section in the new tax law that aims to help chronically poor, underdeveloped areas in the U.S. The law creates an Opportunity Zones program, which gives incentives to draw businesses to these regions. But do they actually work? We'll dive into that question on today's show. Afterwards, we'll look at the group that President Trump's 2019 budget would most likely impact — if it were to go into effect. Plus: We discuss the economics of two presidential libraries: Ronald Reagan's in California and Herbert Hoover's in Iowa.
(Global Edition) From the BBC World Service … There are calls for the boss of Latvia’s central bank to step down after he was detained over the weekend by the nation’s anti-corruption agency while his home and offices were raided. We’ll explain what’s next for the country’s banking system. Then, new details as a $1.7 billion fraud at India’s Punjab National Bank continues to unravel after the story came to light late last week. Afterwards, how De Beers is using blockchain technology to help make diamonds conflict free.
(Markets Edition) Foreign countries hold about $6 trillion of the $20 trillion worth of Treasury bills, notes and bonds that the U.S. government has issued. China is one of them, but it turns out that U.S. debt is becoming less attractive to China and other countries. We'll talk to Chris Low — chief economist at FTN Financial — about why they're starting to back off. Plus: We dive into the music rights of pop songs used at the Winter Olympics.
(U.S. Edition) A group of Chinese-based companies has been trying to buy the Chicago Stock Exchange, but the Securities and Exchange Commission has finally given an answer and it's...no. On today's show, we'll look at why the SEC is putting a halt to the deal, and what the Chicago Stock Exchange's parent company could do next. Afterwards, we'll discuss the state of the housing industry, and then find out how figure skaters at this year's Winter Olympics are getting the chance to skate to pop songs. Who pays for the rights to use them?
(Global Edition) From the BBC World Service … Young buyers have long been considered the “lost generation” when it comes to home buying. But we’ll delve into new figures out this morning that show that while that might be true in Britain, the trend has actually started to reverse in America. Then, the growing economic and humanitarian crisis in Venezuela has led to tens of thousands of residents to flee to the north of Brazil. We’ll explain why authorities there are now declaring a state of social emergency to cope with the high number of immigrants. Afterwards, how was your commute this morning? Any coffee spills, late trains, or traffic jams on the route? For some in Sweden, none of those are things to fear because, as we’ll explore, rather than hopping in a car or boarding mass transit … they ice skate to the office.