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01/25/2018: The world moves on

U.S. President Donald Trump leaves the White House for the World Economic Forum in Davos, Switzerland, January 24, 2018 in Washington, DC.  Chip Somodevilla/Getty Images

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Ahead of his big speech in Davos, Switzerland, tomorrow, President Donald Trump told CNBC that while he prefers bilateral trade deals, he’d be open to a bigger agreement like the Trans-Pacific Partnership if the U.S. gets a “substantially better deal.” Catch is, the 11 Asia Pacific countries still in the TPP came to an agreement this week without the U.S. Then: Ten years ago this week, the American housing market posted its biggest year over year drop since 1973. The housing crisis was in full effect, the spillover into the financial system was coming and we were already a month into the Great Recession, even though we didn’t know it at the time. We’ll take a look back. Plus: The economics of beer.

Segments From this episode

Divided Decade

How a red-hot housing market became a crisis

by Sabri Ben-Achour Jan 25, 2018
Lessons learned from the Divided Decade.

Federal immigration agents say there will be more workplace raids like 7-Eleven

by Reema Khrais Jan 25, 2018
Businesses are making plans in case they are raided by ICE.

Oil prices creep up as the global economy grows

by Scott Tong Jan 25, 2018
With the world’s major economies chugging along, people are using more oil. That means more demand for crude, just as some places that supply it are cutting back. Some production cuts are intentional — like Saudi Arabia’s — but other hiccups in supply are due to political chaos, like Venezuela. If U.S. fracking steps up […]

The craft beer industry may be a model for us all

by Kai Ryssdal and Sean McHenry Jan 25, 2018
The business is booming. And the reason may have to do with regulations.

Music from the episode

Make Me Like You Gwen Stefani
Lips Like Sugar Echo & the Bunnymen
I Need Never Get Old Nathaniel Rateliff & The Night Sweats
Respiration Black Star, Common

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