(U.S. Edition) With Japanese Prime Minister Shinzo Abe set to meet with President Trump today, we'll discuss what their trade relationship looks like at the moment. The U.S. has levied tariffs on Japanese steel and aluminum, but now there's a movement to do the same for automobiles. Afterwards, we'll explore what to expect from a larger trade gathering this weekend between the U.S., Canada, France, Germany, Italy, the U.K. and Japan — also known as the G-7 summit. Plus: How Trump's policies on immigration threaten the long-term care industry. (06/07/2018)
(Global Edition) A “technical issue” on the London Stock Exchange delayed the start of trade by an hour this morning. No word on what caused the outage, but we’ll explore how common these problems are becoming and what it means for safety of financial markets. Then, it’s a crucial day in Turkey: The country’s central bank will decide whether to raise rates to help offset red-hot inflation and a rapidly-depreciating currency. But presidential elections at the end of this month are putting policymakers in a tricky situation. Afterwards, in America the housing market is seeing strong demand push prices higher amid dwindling supply. But in London, after years of strong growth, property prices are falling at the fastest rate since the financial crisis. (06/07/2018)
(Markets Edition) With news that Social Security and Medicare will have to dip into their reserves, we'll talk to an academic who says we're in even worse shape than news reports are stating. Afterwards, we'll look at a new survey that shows CEOs aren't feeling as optimistic about the economy as they did earlier this year, and then we'll explore why the potential of retaliatory tariffs on U.S. goods aren't playing out more in the markets. (06/06/2018)
(U.S. Edition) Our Social Security program will have to dip into its reserves to meet payouts — the first time since the early '80s — and the primary trust fund for Medicare is expected to be depleted three years earlier than projected. On today's show, we'll look at some of the factors driving this trend, including last year's tax cuts and changing demographics. Afterwards, we'll look at news that the former CEO of Cambridge Analytica, Alexander Nix, allegedly withdrew $8 million from the company amid the Facebook data scandal, and then we'll talk about a plan from the U.S. Department of Housing and Urban Development that could raise rents for millions who get federal housing assistance. (06/06/2018)
(Global Edition) From the BBC World Service … Italy’s new prime minister faces a second vote of confidence in the lower house today. In his first policy speech, he confirmed several goals, including adopting a tough stance on migrants and a rejection of austerity measures. But is it what investors were hoping to hear after last week’s market turmoil? Then, Qatar Airways’ boss this morning has apologized for saying his company was led by a man because it is a “very challenging position.” We chat about why businesses shouldn’t approach gender equality as women needing to break through a glass ceiling … but rather build up from a concrete floor.
(Markets Edition) The latest numbers on job openings, also known as the JOLTS report, is set to come out soon. We'll hear from one global strategist about how the report can reveal the upsides and downsides of at tight labor market. Afterwards, we'll look at what lawmakers have included in the federal budget to combat wildfires, and then explore how some Texas colleges are launching food scholarships to fight hunger on campus (06/05/2018)