The trusty sedan might not be enough for Americans these days. Sales have been tanking the last few years, giving way to bigger trucks, SUVs and crossovers. We find out why. Also on the show, we talk with Politico’s Annie Karni about her reporting on the how the White House was looking for new employees at a job fair. Plus, we ask, "Is there a way for a country to engage in 'good' protectionism for its own interests?" Short answer: Well, it depends. Just give it a listen. (06/14/2018)
The Federal Reserve raised interest rates today, and Chair Jay Powell took some time to explain the economics of the decision. We thought that was our job. Anyway, we'll bring you the highlights, plus the latest in corporate mega-mergers as Comcast makes a bid for Fox. Then: A lot of us still feel the effects of the financial crisis, but there are places where you can actually still see them. Houses that got stuck in foreclosure limbo, abandoned by their owners and are still sitting empty years later. They're called "zombie homes." We'll take you to Long Island, which has more than anywhere else.
President Donald Trump vowed back in 2016 that his presidency would block the mega-merger between AT&T and Time Warner. Today, a federal judge decided otherwise. We'll talk about how we got here and what happens next. Plus, in light of the historic summit in Singapore and the Fed meeting today and tomorrow, we'll put the American and North Korean economies in context.
Those might sound the same, but in practice they're very, very different. Under President Obama, the Federal Communications Commission mandated that internet service providers treat all internet traffic the same. Today, those net neutrality rules were officially rolled back. We had Chairman Ajit Pai on to talk about what will change, how he measures success and what happens if his vision for an open internet doesn't work. Plus, it’s been a year since Amazon acquired Whole Foods. How has Amazon’s entry changed the grocery business?
Ronald Reagan said that 30 years ago in a weekly radio address about protectionism. For decades, the global economy has trended toward more free trade, not less. We're going to spend a few minutes today charting how we got here, from that speech through the next four administrations and up to our current moment, on the brink of a trade war. But first, we'll talk about the gathering of world leaders in Canada this weekend and America's place in it. Is it really the G-7? Or the G-6 plus one? We'll talk about it. Plus: The job market is the tightest it's been in decades, but transgender Americans say they've been denied work or promotions because of their gender identity. As employers hunt for workers, we'll look at whether things are improving. (06/08/2018)
You hear a lot on our show about corporate profits, quarterly earnings reports and how companies beat or missed expectations. Warren Buffet and Jaime Dimon spoke out about this kind of quarterly forecasting this week, on the grounds that it fosters too much short-term thinking. We'll talk about it. Then: steel and aluminum tariffs are the headline trade news, but what about solar panels? Solar tech is subject to 30 percent tariffs right now, and the resulting hit to the American solar energy industry might outweigh any benefits. Plus: The Tony Awards are this weekend, but Broadway already has a lot to celebrate. We'll talk about the economics of the Great White Way.