Mar 3, 2020

Fed makes emergency moves

HTML EMBED:
COPY
Fed cuts interest rates by half a percentage point. Amazon cracks down on those selling COVID-19-related products at inflated prices. Quebec, Canada, as a potential giant storage battery to fight climate change.

Segments From this episode

In emergency move, Fed cuts interest rates by 0.5%

Mar 3, 2020
"A half a point is not going to cure anybody," said Karen Petrou, managing partner of Federal Financial Analytics.
An interest rate cut that occurs between formal policy meetings is highly unusual.
Sarah Silbiger/Getty Images

Amazon cracks down on COVID-19 price gouging

Mar 3, 2020
The company says it has recently blocked or removed tens of thousands of listings for such products, like face masks and hand sanitizer.
Some third-party sellers have been charging hundreds of dollars for a couple small bottles of hand sanitizer or a box of protective face masks.
Leon Neal/Getty Images

Moving away from carbon, with help from Canada

Mar 3, 2020
Wind and solar resources in New England and New York fluctuate. One way to manage this uncertainty is trading with Quebec.
Several states in the northeast of America have committed to decarbonizing their electricity grids in the next 20 to 30 years.
Jeff Swensen/Getty Images

Music from the episode

Panic Switch Silversun Pickups

The team

Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Candace Manriquez Wrenn Producer/Editor
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Rose Conlon Producer
Erika Soderstrom Producer/Director