Apr 28, 2017

04/28/2017: What a week

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Just ahead of his 100-day mark, President Trump had one of the bigger economic weeks of his young administration. This week had it all: Tax policy! Trade policy! A narrowly avoided government shutdown tied to the budget and health care! Plus, capping it all off, a lackluster GDP report. We'll try and figure out what it all means in the Weekly Wrap. Plus: Trump just signed an executive order allowing more drilling in the Atlantic and Arctic oceans with the premise it will create jobs. But with crude at $50, is that really going to happen? Then: another visit to Erie, Pennsylvania, for our series "The Big Promise."

Segments From this episode

At Presque Isle Angler Bait and Tackle in Erie, you can get fishing supplies along with a read on the economy.
Caitlin Esch

Workers who provide services to veterans and their families just took a pay cut

Apr 28, 2017
Government contract employees are on the losing end of a new federal contract.
About 400 people were affected by pay cuts at the Family Assistance Service Centers.
Scott Eisen/Getty Images

Austin, Texas, already faces costs for its 'sanctuary city' practices

Apr 28, 2017
Local police say they won't make arrests based on legal status, but there's state and federal pressure to change that.
Texas Governor Greg Abbott speaks at Dallas's City Hall.
Spencer Platt/Getty Images

A look at why first-quarter GDP is often lackluster

Apr 28, 2017
Today’s report of a tepid rise in first-quarter gross domestic product, by 0.7 percent, comes with an asterisk: There appears to be a recurrent pattern of low growth in first-quarter GDP going back years. Some economists argue it goes back decades. That’s thanks to something economists call “residual seasonality” — recurrent seasonal patterns in the […]

Tech giants elbow in on Amazon’s cloud computing profits

Apr 28, 2017
There was a common theme in some of the big tech earnings announcements this week: the cloud. Most of Amazon’s more than $700 million first-quarter profit came not from shipping books and electronics all over the globe, but from its Amazon Web Services business. Amazon was a pioneer in letting companies rent computer processing and […]

Why oil companies might prefer West Texas over new offshore oil sites

Apr 28, 2017
President Trump’s latest executive order seeks to open new federal waters for offshore drilling, but the most popular place for oil companies is decidedly land based – the Permian Basin in Texas. Click the audio player above to hear the full story. Stories You Might Like 04/14/2017: Trump’s on-the-job economic crash course 05/12/2017: This week […]

Weekly Wrap: What Trump's tax plan tells us

Apr 28, 2017
Nela Richardson from Redfin and Sudeep Reddy of Politico join us to discuss the week’s business and economic news. This week, they talk about President Trump’s tax plan. There are still a lot of questions surrounding it, but it aims to cut the corporate tax rate to 15 percent and would benefit the wealthy and corporations the […]
President Trump's tax plan is up for discussion.
SAUL LOEB/AFP/Getty Images

Just ahead of his 100-day mark, President Trump had one of the bigger economic weeks of his young administration. This week had it all: Tax policy! Trade policy! A narrowly avoided government shutdown tied to the budget and health care! Plus, capping it all off, a lackluster GDP report. We’ll try and figure out what it all means in the Weekly Wrap. Plus: Trump just signed an executive order allowing more drilling in the Atlantic and Arctic oceans with the premise it will create jobs. But with crude at $50, is that really going to happen? Then: another visit to Erie, Pennsylvania, for our series “The Big Promise.”

Music from the episode

Hella Good No Doubt
Kids MGMT
Shimmy Shimmy Ya Ol' Dirty Bastard
Prayer in C - Robin Schulz Radio Edit Lilly Wood and The Prick, Robin Schulz