That's the word(s) of the day according to the Federal Reserve, which released the minutes from its last meeting this afternoon. Along with that momentum, the Fed said the initial bump the economy's gonna get from the tax cuts might be bigger than originally expected. The White House released its own economic report too, and we'll start off the show by explaining it all. Then, the latest on Twitter and Facebook's fight against bots. Plus: We're back in Erie for our series The Big Promise.
It's not often we take you deep into the underbelly of the American bond market, but today's your lucky day. The federal government kicked off a big couple of days in the Treasury market this morning. It sold almost $180 billion worth of short-term bonds, and in all there will be just over a quarter trillion dollars in new government debt by the end of the week, four billion more than the government raised in the same offering last month. That's where we're starting today, with a glimpse into the economic future. Then: PayPal and Square banned gun sales from their services years ago. Would credit cards ever do the same? What about banks? Plus, another trip to Erie for our series The Big Promise.
A couple of weeks ago on this show, we told you about some of the funding and resources available for mass shooting victims to help with their short-term recovery. Today, we consider what life and work is like five, or even ten years after surviving a high-profile shooting. Two survivors of a mass shooting describe long term recovery. Also on today's show, we continue with our project called "Divided Decade," as we hear stories of how people's lives changed since the financial crisis ten years ago. And, of course, we talk "Black Panther." The movie was obviously a big success this weekend, but did you know that the soundtrack is too? "Black Panther: The Album" debuted at No.1 on the billboard charts. We do the numbers on how that happened.
Things turned out a little differently though. That's how we'll start today's episode, reflecting on the week in deficits, inflation and immigration. Then we examine the growing trend of online retailers expanding to brick-and-mortar stores. Amazon's doing it, and now Warby Parker announced plans to bring its number of stores to about 100 by the end of the year. Plus, what you need to know about esports.
What's that saying? You can't manage it if you don't measure it? Everybody's got their own answer about how to stop mass shootings, but nobody has substantive data. That's because there's effectively a ban on spending federal money for research on gun violence. Then: We know the National Rifle Association spends big on lobbying, but thinking of the NRA as just a Washington powerhouse lobbyist obscures its actual impact in this economy. Plus, what you need to know about Google's new ad blocker.
We hate days like this, when there's been a shooting in a school or at a concert. There's no economic angle right after a tragedy like this. It's not our story, but we can't ignore it. So we're gonna acknowledge it, trust that you've had your fill of it elsewhere and turn to our news of the day. It came this morning with a much-anticipated but kind of underwhelming report on inflation. It's up a bit, but nowhere near as drastic as we'd all expected it to be. Nevertheless, it's one more data point for policymakers to consider as they figure out how to steer this economy. As it happens, we have one of those policymakers on the show today: Robert Kaplan, president of the Dallas Fed. Plus, the cost of uncertainty at the White House and Netflix's latest big moves.