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.
The Republican effort to get rid of Obamacare and maybe, sometime, replace it is alive again. Or is it? The Congressional Budget Office released a new score this afternoon on GOP efforts to repeal and delay replacement. The bottom line: 32 million more people without insurance by 2026, and a cut in federal deficits by $473 billion in that same period. We'll get you up to speed. Then: local governments all around the country have sent the White House hundreds of projects for consideration under a big infrastructure package. But Trump's push for private investment could mean his base gets left out of the spending spree. Plus: Can baseball movies make a comeback?
After years of trying, the Republican-controlled Congress won't be replacing Obamacare or even repealing it with a replacement TBD. President Trump's new plan, he said today, is "just let Obamacare fail." Leaving aside that's quite a thing to say about a sixth of the economy, you might wonder how insurers are taking the news. Turns out, most of them don't make much money in the individual market anyway. We'll look at UnitedHealth, which is mostly out of the exchanges, but posted huge second-quarter earnings today. Then: The fizzled-out health care reform pushed the dollar to an 11-month low today. Investors are doubting we'll see any of Trump's big promises delivered soon, but D.C. gridlock isn't the only thing driving down the dollar. Plus: How do you know your neighborhood's gentrifying? When South Harlem becomes "SoHa."
The White House's "Made In America Week" started with a lot of trade news. Trade reps from China and the U.S. will meet Wednesday, and this afternoon we got the administration's objectives for renegotiating NAFTA. We'll talk about both. Then: Back-to-school shopping used to be like Christmas for some retailers, but now it happens all year round. Plus, because it's still summer after all, we have an interview with the inventor of the self-sealing water balloon. Finally, as part of our ongoing series "Way of Life," we'll look at the tough-to replace food jobs that have left Chicago.
The Senate has a pretty full plate between now and its delayed August recess, but two Republican senators are adding an immigration bill to the list. They're reportedly working with the White House on legislation that would cut legal immigration in half by 2027. That's in line with President Trump's campaign promise, but it directly contradicts another one. Plus, we got the latest inflation numbers today, and June was pretty flat: core prices were up just 10 percent. That's lower than analysts expected and much lower than the Fed's 2 percent target. But why do we want prices to rise anyway? Then: For two decades, the railroad CSX let crews nap under certain circumstances. This spring the new CEO got rid of that practice, shining a light on a frequent topic of discussion in the transportation business.
President Trump's budget director Mick Mulvaney took to the Wall Street Journal's op-ed page today to make the case for "MAGAnomics." There's a lot to unpack. We'll take it line by line, starting with the White House's promise of 3 percent growth. Then: It's performance review season, at least it is at Marketplace. But some companies are finding that a steady stream of feedback is more effective. Plus: Silicon Valley is just 25 percent women, and a new study found many women who leave tech jobs were sexually harassed and passed over for promotions.
The Humphrey Hawkins Act of 1978 codified two fundamental parts of the Federal Reserve. First, the duel mandate of full employment and steady inflation. Second, that twice a year the Fed chair would schlep up to Capitol Hill and tell Congress what's goin' on with the economy. Today was possibly the last Humphrey Hawkins day for Chair Janet Yellen, so we'll go over a few highlights of her testimony. Then: The refugee crisis is still very real in Greece, where the government is struggling to keep up. Now, help is coming from an unlikely source. Plus, when does corporate-funded research cross the line? Google might be skirting it, according to an investigation from The Wall Street Journal.