Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
We're kicking off a new series today, explaining the North American Free Trade Agreement and what could happen if President Donald Trump renegotiates it. To start off, we have to talk about your pants. Where they were made and what you paid for them are essential to understanding how NAFTA works. Then, we'll talk with Jaime Serra, one of the agreement's architects in Mexico. Plus, the latest on Brexit negotiations and Uber's scandal-filled year.
German Chancellor Angela Merkel spent a few hours at the White House today for her first face-to-face meeting with President Donald Trump. Things were a little frosty, and Trump made his thoughts on the trading realationship between the U.S. and Germany. Merkel surly knew this was coming, as she arrived in Washington with several execs including the CEO of BMW. We'll look at the negotiation ahead. Then: How much of the U.S. budget is tied up in foreign aid, do you reckon? Most folks' guesses are way, way higher than the reality. Plus, as always, we'll wrap up a busy week in economic news.
The budget plan the White House released today is sort of like an extension of President Donald Trump's tweets: It gives you a sense of his thinking, but it's not the whole plan. It's called a "skinny budget." We'll discuss what that means and what it says. Then, Trump told Fox News' Tucker Carlson that he wants to cut business taxes from 35 percent down to 15 percent. But what businesses actually pay that much, and what would a cut mean for the economy? Plus, a conversation with the CEO of the Uber-for-chores company TaskRabbit and one man's billion-dollar bet against Herbalife stock.
It's official: The Federal Reserve is raising interest rates by a quarter of a percentage point, with two more hikes expected this year. We'll talk through Chair Janet Yellen's announcement. Then: President Donald Trump's plan for a border adjustment tax seems like a straightforward enough way to encourage companies to buy American and hire American, but is it legal? Plus, the view from an Uber-less SXSW and the remarkable success of "Get Out."
We're still digging through the Congressional Budget Office report on Republicans' Obamacare replacement. Today we're looking at the plan's $600 billion in tax cuts for the health industry and wealthy Americans. Then, what you need to know about Intel's big bid to get in the autonomous car business. Plus: inside the NBA's minor leagues and one man's mission to spread the truth about caramelized onions.
Snowstorm aside, it's a busy start of the week in Washington. The Congressional Budget Office just did the numbers on Republicans' Obamacare replacement, and, well, we may need to break out "Stormy Weather." Plus, the Federal Reserve is meeting tomorrow and Wednesday, so we'll soon have an official call on interest rates. We'll look at the relationship between the Fed and the White House over the years. Plus, can Trump help send a human to Mars?