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.
Noticed something different about President Trump these past couple days? He's reversing his positions on some key economic issues. We'll look at what might be the cause and the implications for the broader economy. Plus, Republicans and Democrats are testing the limits of how far outside money can take them in the race to replace HHS Tom Price. Cash is pouring into the Atlanta suburbs. Then, we take a break from the news to do a small business story at one of Kai's favorite types of businesses: A craft brewery.
On a day when President Trump reversed his stance on China's currency, Fed Chair Janet Yellen, NATO, the debt and a federal hiring freeze, we're looking to comments from White House budget director Mick Mulvaney to clear up this White House's economic policy. Then: malls are struggling, but outlet malls are thriving. Why? Plus, with all those vacancies in Trump's executive branch, who's actually running the government?
Both President Trump and Speaker Paul Ryan have promised tax is next on their agendas, but the schedule is pretty flexible. We'll talk about what that could look like, plus the latest from United and Toshiba, and Rex Tillerson's rocky road from oil exec to top diplomat. Plus, we do the numbers on how family income changed as more women entered the workforce.
... But we are going to talk about the PR nightmare hitting United today, after videos of a passenger being forcibly removed from an overbooked flight went viral, and get to the bottom of why airlines sell too many seats in the first place. Plus, we'll look at the slew of foreign carmakers reinvesting in American factories just as Washington contemplates tax reform. Then: Five years ago, our own David Brancaccio drove across the country without talking to a single human being. It was for a series all about how robots are taking jobs. This year, he hit the road again to figure out which jobs are "robot-proof," and they're not the ones you think.
The full global political reaction to last night's U.S. airstrikes on a Syrian air base remains to be seen, but the impact on Russia’s economic ties to Syria will only heighten tense relations. Russia, as President Bashar Assad’s staunchest ally, has boosted the Syrian government’s military might in its civil war and in turn profited from billions of dollars in arms and equipment sales. Let's face it, there's no easy transition to our next story, where we meet Mark Wagner, the New York-based collage artist who deconstructs dollar bills to make portraits of presidents and re-create famous paintings. And, as always, we'll wrap up the week in business and economic news.
Yesterday we were talking about how bank ethicists measure success (by boredom), today we're looking at a way President Trump and Republicans could actually make banking a little more boring. Gary Cohn, one of Trump's economic advisers, told Bloomberg he'd be okay with the financial sector going back to the days when investment banks did trading and underwriting of securities, and commercial banks did banking as the rest of us know it. We'll talk about it, plus the unusual way Spotify could go public and injecting a little geographic diversity in the start-up world.