Latest from Nick Esposito

• Apr 5, 2023

  Why Trump’s arraignment could mean more gridlock in Washington

  

  The indictment, arraignment and upcoming trial of former president Donald Trump in New York captured headlines yesterday, but it’s 200 miles away in Washington D.C. where the economic effects of the spectacle could be felt. We talk with the Eurasia Group’s Jon Lieber about what Trump’s legal imperilment could mean for polarization and policymaking on Capitol Hill. Plus, we chat with Lindsey Piegza, Chief Economist at Stifel Financial, about the latest trends in interest rates and today’s ADP jobs report. Also, Johnson and Johnson is looking to settle lawsuits over its talcum powder for around $9 billion. And, how Zimbabwean mining companies are being impacted by rolling blackouts across the country. 

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• Apr 5, 2023

  Is a wider job market cool-off starting to take hold?

  

  There are signs that the job market cooldown, which has been slow to materialize, is starting to accelerate. Fresh data from the Labor Department released yesterday saw a marked decrease in job openings — while that may spell good news for the Fed’s fight against inflation, openings are still way above pre-pandemic levels. And, we speak with the University of Rochester’s Ranga Dias, who tells us about a potentially revolutionary breakthrough that researchers made looking into room-temperature superconductors.

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• Apr 5, 2023

  Trade and war on the agenda as two of Europe’s leaders head to Beijing

  

  From the BBC World Service:  French President Emmanuel Macron and Ursula von der Leyen  – the Head of the European Commission – are in Beijing. Will any deals be made on trade and can they convince China to stop their support of Russia? BBC’s Mariko Oi explains. Plus, BBC Correspondent Anna Holligan reports on a court’s decision to overrule a 10% reduction in flights from Netherland’s main airport.

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• Apr 4, 2023

  Florida fights its nurse shortage at the root — by funding schools

  

  Florida, the nation’s fastest-growing state, is in need of a lot more nurses to accommodate its growing population. One way it’s looking to fight the shortage is by routing more government funding to nursing schools to attract more students. Today, we get data on the number of job openings — we speak with analyst Guy LeBas about what could be in the release. And, there’s a new analysis out that shows the hottest jobs markets in the country are in states along the so-called “Sun Belt,” which includes cities like Austin and Nashville.

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• Apr 4, 2023

  Failure to launch: Virgin Orbit files for bankruptcy

  

  Virgin Orbit, the arm of billionaire Richard Branson’s larger company that sought to break into the space industry by launching satellites from airplanes, has filed for Chapter 11 bankruptcy protection. We look at what that means for the Virgin Group, and how it could affect the larger commercial space industry. Plus, we talk to Lee Hawkins, host of American Public Media’s upcoming podcast on the family of Dr. Martin Luther King Jr. and how their health has been impacted by the struggle for civil rights. 

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• Apr 4, 2023

  The price of beauty? L’Oreal to buy Australian beauty firm Aesop for $2 billion

  

  From the BBC World Service: $2.5 billion — that’s how much the French beauty giant L’Oreal is buying Australian skincare brand Aesop for. It’s L’Oreal’s largest takeover in decades, but why did they want Aesop so much? BBC’s Phil Mercer in Sydney gives us the details. Plus, BBC’s Jane Chambers finds out why there’s an increase in the number of urban cowboys in Uruguay.

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• Apr 3, 2023

  What calculus goes into central bank rate decisions?

  

  One of the main jobs of central banks such as the Federal Reserve is to set interest rate targets, which can have wide-ranging effects on the economy. These days, amid shakiness in the banking industry and persistent inflation, that calculation has gotten harder. We speak with Susan M. Collins, president of the Boston Fed, about how she thinks about the tradeoffs and other considerations that go into rate decisions. And, economist Julia Coronado gives us a taste of what economic stories could move markets this week, including oil anxiety and Friday’s jobs report.

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• Apr 3, 2023

  Boston’s Fed president talks banks and regulation

  

  There’s been much talk of monetary policy in the wake of recent bank failures, especially as the Federal Reserve continues its fight against inflation. We have one such important conversation with Susan M. Collins, President of the Federal Reserve Bank of Boston, about body’s role in everything from setting interest rates to safeguarding the financial system. And, a look at the implications of OPEC+’s recent announcement that member countries will significantly cut oil production.

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• Apr 3, 2023

  Oil output slashed by the million in the Middle East, but what will be the impact?

  

  From the BBC World Service: With some of the biggest oil producing nations in the Middle East voluntarily cutting output by over one million barrels of oil a day, what will the impact be? The BBC Middle East Business Correspondent Sameer Hashmi is in Dubai finding out. Plus, it’s one of Senegal’s most visited tourist attractions, but the Pink Lake is no longer so pleasing on the eye, the BBC’s Soraya Ali reports from Dakar.

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• Mar 31, 2023

  How might the Trump indictment affect markets?

  

  The announcement of criminal charges against Donald Trump by the Manhattan district attorney’s office last night may not have come as a shock to markets, which were notably muted on the news going into Friday. We chat with Christopher Low, chief economist at FHN Financial, about what the reaction has been so far and what could happen going forward. Plus, we look at projections about a key consumer sentiment gauge before data is released this morning. And, the BBC reports on the Japanese government’s move to stop high-tech microchip exports to China.

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