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.
Yesterday, President Obama vowed to punish Russia for its recent cyber attacks. But the U.S. and the E.U. have already imposed sanctions on Russia dating back to 2014, so what other measures could the U.S. take? Also, the steel mills of Granite City, Illinois have seen lots of layoffs over the past few years. Many of the workers are still unemployed, but are hopeful that President-elect Donald Trump will fulfill his promise to bring their jobs back, can he keep his promise? Finally, we look back on the last five days of economic news with the Weekly Wrap.
Today we're tracking the fallout of the Fed's rate hike decision through the global bond market. Plus, after learning earlier this year half a billion Yahoo users were hacked, and the revelation another billion were hacked in 2013 — who still uses Yahoo anyway? Finally, we'll look at the economics of gift wrapping and the secondary market for sneakers.
So the Fed came in under the wire and finally raised rates by a quarter percent. So what's the big deal? Then: President-elect Donald Trump met with leaders from big tech companies in New York today. Given how little we know about Trump's tech policy, what's the meeting mean? Plus, Homer Simpson's many jobs and why some advertisers are sitting out the Super Bowl.
After stressing last year that hydraulic fracturing had no "widespread, systematic impact" on water, the EPA now is emphasizing that fracking can affect drinking water under some circumstances. More of our investigation with APM Reports on the show today. But first, Trump's conflict of interest tweet raises more questions than it answers — what does "no new deals" mean? Plus, an interview with Secretary of Health and Human Services Sylvia Mathews Burwell and holiday shopping at the airport.
We're getting more glimpses as what deal-making could look like under President-elect Donald Trump. First, the One China policy — where the U.S. does not recognize Taiwan as an independent state — has been seen as non-negotiable, but it could be a bargaining chip for Trump. Then, Lockheed Martin shares dropped after Trump criticized its F-35 Joint Strike Fighter program on Twitter, but fixing his issues won't be easy. Plus, the war waging at your grocery store and why (one writer says) you should hate "Star Wars."
The economy is continuing to digest President-elect Donald Trump's appointments, and Congress is is trying to figure out what he'll mean for pension funds. We'll look and both issues as we recap the latest in our Weekly Wrap. Plus: how'd velvet become the festive fabric of choice?