Probably not, to be honest. They have a lot of student loans. But hey, the job market is good! Well, sort of. Listen to the story, we'll explain. Today we talk to Qualcomm CEO Steven Mollenkopf about why he isn't worried about China and why 5G is exciting. Also on today's show, a couple hundred business people lit up Capitol Hill this week for the Cannabis Industry Association’s Lobby Days. They asked the lawmakers to either legalize marijuana or at least ease up on some banking and tax rules so they can do business like everybody else. (05/23/2018)
The House is set to take up a bill today dialing back parts of Dodd-Frank, the law regulating banks after the financial crisis. Today's bill already passed the Senate, and it would change mortgage lending requirements and raise the threshold at which banks will be officially big, or "systemically important financial institutions," if you want to get technical. We'll start off by telling you everything you need to know, plus looking at the rotating deck chairs on the American CEO cruise ship. Plus, speaking of the recession, we'll look at what it's like to graduate into one. The damage can last well after the economy recovers, and some young professionals never catch back up. (05/22/2018)
After two days of trade talks in Washington and a high-level trip earlier this month, China and the United States have announced a truce in the simmering trade war, with U.S.-imposed tariffs on hold. We'll spend some time a the top of today's show recapping how we got here, what's settled and what's not. Then: We'll talk to the reporter who wrote the book on the failed blood-testing startup Theranos and the "scorched earth" tactics it took to cover up fraud. Plus: What you need to know about the new Supreme Court ruling that says employers can keep workers in private arbitration and out of class-action lawsuits.
We're talking NAFTA. We're also talking tariffs. And China. And trade deficits. Leigh Gallagher from Fortune Magazine and Dion Rabouin from Yahoo Finance join us for the Weekly Wrap to talk about the unforeseen consequences of U.S. trade policy and the latest on the 10-year Treasury note. Also on today's show, we get into the Trump administration's attempt to get China to buy more goods from the United States. Trump wants to lower the trade deficit with Beijing, but is buying more American goods going to solve the problem? We also take a look at apology ads. They're all the rage these days. Facebook, Uber and Wells Fargo have launched apology campaigns in the past several weeks in order to regain the trust of their customers. But does "I'm sorry" make for an effective ad?
We're just a couple days away from the royal wedding, and the fashion industry loves Meghan Markle. We'll look at her style and how it might change once she marries Prince Harry. But first, let's talk about the Newtonian law of global trade: For every policy action, there's an equal or opposite reaction. Japan could reportedly be taking the United States to the World Trade Organization over steel and aluminum tariffs, and we'll spend some time at the top of today's show exploring trade's many unintended consequences. Then: Birthrates have been on the decline for a while, and the latest numbers have kept up that trend. So if Americans aren't getting busy, what will happen to the labor force? Plus, hard times in a boom town and the Vatican on economics. (05/17/2018)
That's the name of Ken Langone's new book. He co-founded The Home Depot, and he's been around this economy for a while. We'll unpack that premise, but first we'll talk NAFTA renegotiations. Tomorrow's supposed to be the deadline, but it appears that deadline is malleable as the talks narrow in focus. Plus: the latest from a whole slew of earnings reports, including a big surprise from Macy's. (05/16/2018)