Most of today's show is devoted to our conversation with Jamie Dimon, the CEO of JPMorgan Chase. We talked about what it was like managing the bank and tangling with the government during the financial crisis, and how he sees his role in today's economy. We also asked Dimon what keeps him up at night. President Donald Trump used the term "time value of money" to defend himself against a New York Times report debunking his self-made origin story and implicating him in tax fraud. But what does that actually mean?
Amazon will pay its American employees at least $15 an hour, the company announced today. With 250,000 employees and another 100,000 seasonal workers set to benefit all over the country, can the retail giant pressure its competitors to give out raises, too? We'll look at the potential macroeconomic effects, and what it's like to live on $15 an hour anyway. Then: The cosmetics industry is booming thanks to Instagram and YouTube, but makeup counters at department stores aren’t seeing more customers. How the new guard in makeup is replacing the old. Plus, how the new trade deal with Mexico and Canada will affect drug prices.
The Trump administration has struck a deal with Mexico and Canada to revise NAFTA, now called the United States-Mexico-Canada Agreement. We'll bring you the details and see how the deal is playing down on the farm. Plus: Elon Musk stepped down from Tesla's board this weekend to settle fraud charges, but he'll stay on as CEO of the electric car company. We'll talk about the reasoning behind that move. Plus: In the 20th century, rent strikes were a common tactic to protest living conditions. In 2018's crowded housing market, they might make a comeback.
Thousands of people in California live out of their cars. And for those people, the threat of parking tickets is also the threat of losing their home. But first: We'll look at the week in business and economic news, and tell you everything you need to know about Tesla and the SEC. Plus: 28,000 public service workers applied for student loan forgiveness, but only about 4 percent got it. What happened?
As the United States and Mexico finalize details of a trade agreement, the Trump administration has written a rule that Mexican auto manufacturers pay workers a $16 hourly wage or face a 2.5 percent tariff. But the extra taxes might be cheaper than raising wages. We'll look at what a deal could mean for labor in Mexico, plus give an update on the World Trade Organization and trade talks with Japan. Then: 70 mm film is making a comeback in Hollywood, and that means there’s a revival in the fading film projectionist workforce.
According to the Federal Reserve, anyway. We'll play some of Chair Jerome Powell's statement from today's rate hike announcement and unpack how the central bank sees this economy right now. Then, with the NAFTA deadline looming, we'll look at how close the United States, Mexico and Canada really are to a deal. Plus, your tariff questions, answered by a customs broker.