It was a crazy week in economic news. Luckily we have the Weekly Wrap to review what went down. We're joined by Leigh Gallagher from Fortune Magazine and Rachel Abrams from the New York Times to unpack the last five days in stock market and shutdown drama. Then: We spent a year covering the 10-year anniversary of the financial crisis with our series #HowWeChanged. We'll talk about what we learned from hearing people's personal stories about how the recession changed their lives. And remember that huge GOP tax overhaul passed about a year ago? It’s the biggest change to the tax code in three decades. We’ll talk about how the rollout has gone so far and why tax workers are scrambling to get it right.
The federal government is still shut down and is set to remain that way until the new year. For hundreds of thousands of federal workers, that means more time without pay. On today's show, government employees and contractors share stories about how the shutdown has affected them. Then: A federal climate change report predicts dire consequences for American farmers if steps aren’t taken now. We check in with farmers who are weighing their options for the future. Plus, we'll talk with Curbed’s Patrick Sisson about how online shopping is increasing pollution.
Our retirement savings are looking a little healthier today. The markets rebounded, and after weeks of losses and volatility, we'll have the latest on what's happening on Wall Street. Meanwhile, the partial government shutdown drama continues. We'll talk about the way government data affects the markets and what happens when agencies stop gathering that data. Then: This was a long year for tech. In 2018, we saw security breaches, privacy scandals and congressional hearings. We'll look back at the year’s tech news with Marketplace Tech host Molly Wood. Also on today's show, another installment of "How to Be a ..." This time, we'll learn who's responsible for choosing the music in that favorite TV or movie scene of yours from music supervisor Morgan Rhodes.
U.S. markets are closed for Christmas, which means that investors can take a deep breath from this month's volatility. We'll zoom out and talk about the disconnect between plummeting stock prices and what's keeping our economy strong. Then: Consumer confidence is high, meaning stores are banking on a great holiday retail season. So why do retailers offer steeper discounts online than in-store? We'll do the numbers. Also on the show today: avocados. We've all heard tired jokes about millennials and avocados, but some are betting on the fruit to be more than just a food trend. We'll talk to Alessandro Biggi and Francesco Brachetti, the co-founders of what they call the world’s first avocado bar.
’Twas the night before Christmas, and the markets continued to dive, so we start with the big picture question: Can President Donald Trump remove Jay Powell as head of the Federal Reserve? Like many things in life, the answer is a bit complicated. Then, let's address the giraffe-shaped void in our retail lives this holiday season. With Toys R Us filing for bankruptcy, where are holiday shoppers getting their toys? Later, we talk about the business model behind subscription beauty boxes with Birchbox CEO and co-founder Katia Beauchamp.
As Congress anticipates a federal shutdown, some federal workers could face the holidays without a paycheck. We hear from employees and contractors about their concerns going into the holidays. Earlier this week, the Federal Reserve raised interest rates for the fourth time this year, increasing rates from 2.25 percent to 2.5 percent. Fed Chair Jerome Powell has plans to hike interest rates two more times in 2019 if the economy stays strong, but some want to pause rate increases. Minneapolis Fed President Neel Kashkari joined us to discuss why he thinks the Fed should be patient with raising rates and the risks associated with those rate hikes. Then, a dispatch from tax hell. With filing season on the horizon, accountants are scrambling to understand the new tax law.