Apr 3, 2017

04/03/2017: New Deal lessons for the Trump administration

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President Trump’s $1 trillion infrastructure plan is still in the nascent stages, but it’s a key part of his promise to create millions of jobs. Once upon a time, infrastructure was this country’s job. After the Great Depression, the government put millions of Americans to work building stuff. We'll look back at that history and what lessons it might hold for Trump's ambitious infrastructure plan. Plus: Auto earnings, Trump's visit from Xi Jinping and an exit interview with Fed Gov. Daniel Tarullo.

Segments From this episode

When Public Works employed millions

Apr 3, 2017
Mass unemployment during the Great Depression led to hundreds of thousands of infrastructure projects all over America.
Men from all over the United States came to Northern California to find work at Shasta Dam. Construction lasted seven years, from 1938-1945.
courtesy U.S. Bureau of Reclamation

Tesla’s market capitalization is now greater than Ford’s

Apr 3, 2017
Some interesting news in the automotive space today: Tesla, the maker of high-end electric cars, has now surpassed Ford in terms of market capitalization (the total value of all outstanding shares). It seems investors are betting big that Elon Musk can meet growth targets ahead of the much-anticipated release of the Model 3 sedan later this […]

But wait, there’s more! Ronco now wants to sell you company shares

Apr 3, 2017
The enterprise that brought you the Chop-o-Matic is offering 5 million slices of the business.
Photo by Express/Getty Images

President Trump prepares for 'difficult' talks with China’s Xi Jinping

Apr 3, 2017
China’s President Xi Jinping will have talks with President Trump on Thursday at the Mar-a-Lago resort in Florida. Last week, Trump tweeted that the meeting would be “very difficult.” The U.S. has a $347 billion trade deficit with China. In the election campaign, Trump also threatened to label China a “currency manipulator,” a designation that could […]

Outgoing Fed Gov. Daniel Tarullo says cyber security is top on his list

Apr 3, 2017
'It's just a much stronger financial system,' he says, than nine years ago.
Federal Reserve Board Gov. Daniel Tarullo has been at the Federal Reserve for over eight years. Wednesday is his last day.
Win McNamee/Getty Images

President Trump’s $1 trillion infrastructure plan is still in the nascent stages, but it’s a key part of his promise to create millions of jobs. Once upon a time, infrastructure was this country’s job. After the Great Depression, the government put millions of Americans to work building stuff. We’ll look back at that history and what lessons it might hold for Trump’s ambitious infrastructure plan. Plus: Auto earnings, Trump’s visit from Xi Jinping and an exit interview with Fed Gov. Daniel Tarullo.

Music from the episode

C.R.E.A.M. Wu-Tang Clan
Fu-Gee-La Fugees
Black Lemon Generationals
Black Lemon Generationals