Mar 3, 2017

03/03/2017: Two big speeches

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Donald Trump and Janet Yellen both gave big speeches this week: one about the state of the economy and some detail-light plans for kickstarting it, and one about finally (finally) raising interest rates. We'll pick apart both and talk about how markets are reacting on the Weekly Wrap. Then we'll look at the theory vs. the reality of Republicans' proposed border adjustment tax and the Obamacare replacement that's inching forward. Plus, the fight in your supermarket over what qualifies as "milk" and McDonald's foray into delivery.

Segments From this episode

Theory versus reality on the border adjustment tax

Mar 3, 2017
The border adjustment tax being championed by House Republicans would increase taxes on imports and make it cheaper to export American-made goods. Businesses who support it contend that it would even the playing field between foreign products and those made in the U.S. Opponents argue a BAT would make many popular retail goods prohibitively expensive. […]

Obamacare replacement inches forward

Mar 3, 2017
The future of the Affordable Care Act has dominated much of the week’s news. People have pored over a leaked draft of a House proposal to repeal and replace Obamacare, and President Donald Trump signaled his larger priorities on the issue in a speech to Congress on Tuesday. The desire for health care reform is […]

The fight for the dairy aisle turns on the question: 'What’s milk?'

Mar 3, 2017
With the proliferation of products calling themselves milk (soy, almond, rice, coconut), dairy farmers are now lobbying Congress to limit the use of the word to the stuff that comes from lactating animals, namely cows.  And the makers of the plant-based drinks want to keep milking the term, so they’re pushing back. The Wall Street […]

McDonald's moves into mobile ordering and delivery to boost sales

Mar 3, 2017
In an attempt to reverse a continuing slump in sales, McDonald’s is making an innovation push: letting people order and pay on their phones for curbside pickup and even delivery. Starbucks already uses an app. It’s been so successful, it’s caused congestion in stores. So will all these new strategies help or hurt McDonald’s?  Click […]

Weekly Wrap: Two big speeches

Mar 3, 2017
Trump on the economy and Yellen on interest rates.
President Donald Trump addresses a joint session of Congress on Tuesday.
Chip Somodevilla/Getty Images

Businesses are bracing for a Trump tsunami

by
Mar 3, 2017
With taxes, health care and trade deals up in the air, companies are worried.
With major trade policy change possible, companies are trying to understand border taxes and imports and exports.
Photo by Justin Sullivan/Getty Images

Community banks divided over Dodd-Frank

Mar 3, 2017
Some say it protects against abuses; others say compliance is too expensive for smaller institutions.
President Donald Trump signs House Joint Resolution 41, which removes some Dodd-Frank regulations on oil and gas companies.
SAUL LOEB/AFP/Getty Images

Donald Trump and Janet Yellen both gave big speeches this week: one about the state of the economy and some detail-light plans for kickstarting it, and one about finally (finally) raising interest rates. We’ll pick apart both and talk about how markets are reacting on the Weekly Wrap. Then we’ll look at the theory vs. the reality of Republicans’ proposed border adjustment tax and the Obamacare replacement that’s inching forward. Plus, the fight in your supermarket over what qualifies as “milk” and McDonald’s foray into delivery.

Music from the episode