Feb 27, 2018

02/27/2018: The California city that’s going to give away free money

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(Markets Edition) Jay Powell is set to deliver his first report on the economy to Congress. We'll discuss some of his planned remarks, which include comments on a strong economy and the state of inflation. Afterwards, we'll talk about news…

Segments From this episode

A California city is planning on giving money to some residents, no strings attached

Feb 27, 2018
The economically depressed city of Stockton, California is experimenting with Universal Basic Income.
Justin Sullivan / Getty Images

New Fed Chair to Congress: Steady ahead

Feb 27, 2018
Jerome Powell will offer his insights to both the House and Senate this week. Stock traders are hoping for some calming words. Click the audio player above to hear the full story.  Stories You Might Like 02/12/2018: Will the real…

(Markets Edition) Jay Powell is set to deliver his first report on the economy to Congress. We’ll discuss some of his planned remarks, which include comments on a strong economy and the state of inflation. Afterwards, we’ll talk about news that Comcast has made a $31 billion bid to buy Sky broadcasting group, and then look at how Stockton, California, is experimenting with Universal Basic Income by giving several dozen families $500  — no strings attached. 

The team

Stephen Ryan Producer, BBC