May 16, 2017

05/16/2017: Investors might be just too exhausted to react to Trump

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In the past week, the president of the United States shared highly classified information with the Russians after he fired the director of the FBI. That whole affair was still roiling as we taped this show. Before that, Congress pulled a major piece of legislation affecting almost 20 percent of the American economy off the House floor before a vote, then passed it by the thinnest of margins. In different times, all this chaos would have spooked traders, shaken up markets and maybe Washington in the process. So it's worth hitting pause and asking: What did the markets know? And when did they know it? Then: What you need to know about Ford's plan to cut 10 percent of its global workforce, and the U.S. Postal Service's bid for millennials. Plus, as the WannaCry cyberattack fades, a new story is emerging: Hollywood films held by hackers for ransom. What would it take for studios to pay up? Should they?

Segments From this episode

The Postal Service wants you, millennials

May 16, 2017
The agency still needs letter carriers, but the benefits aren't what they used to be.
Joe Raedle/Getty Images

Ford announces job cuts as it seeks to balance near-term profits with long-term goals

May 16, 2017
There’s news that Ford will cut about 10 percent of its global workforce in an effort to help lift its stock. Ford’s CEO Mark Fields has been out there talking about the future of his company as a “mobility” firm that could offer services like car sharing. These are long-term strategies for Ford’s health, the […]

Ransomware: Should businesses pay up?

May 16, 2017
Hackers are holding up businesses for ransom. To pay or not to pay? That is the question.
An IT researchers shows on a giant screen a computer infected by a ransomware.
DAMIEN MEYER/AFP/Getty Images

What Trump's dealmaking is up against on his visit to Israel

May 16, 2017
'The reality is that the sides are a long way apart,' says David Horovitz, editor of The Times of Israel.
President Donald Trump and Israel Prime Minister Benjamin Netanyahu shake hands following a joint news conference at the White House in February.
Win McNamee/Getty Images

Perhaps investors are just too exhausted to react

by
May 16, 2017
Despite turmoil in Washington and hints from Federal Reserve officials that stocks may be overvalued, markets have proved surprisingly resilient. The indices have been rising fairly steadily all year, and measures of volatility are low. Why is that? Click the audio player above to hear the full story. Stories You Might Like On the 50th […]

US retail is hurting, and your mall is probably feeling it

May 16, 2017
Brick-and-mortar stores are plagued by closures and job loss post-election.
People walk through a nearly empty shopping mall in Waterbury, Connecticut. 
Spencer Platt/Getty Images

The Capitol built a little ramp for DC ducks

May 16, 2017
Maybe the cutest government infrastructure project.
A mother duck provides shade for her ducklings in a pond near the U.S. Capitol in Washington, DC.
Mark Wilson/Getty Images

In the past week, the president of the United States shared highly classified information with the Russians after he fired the director of the FBI. That whole affair was still roiling as we taped this show. Before that, Congress pulled a major piece of legislation affecting almost 20 percent of the American economy off the House floor before a vote, then passed it by the thinnest of margins. In different times, all this chaos would have spooked traders, shaken up markets and maybe Washington in the process. So it’s worth hitting pause and asking: What did the markets know? And when did they know it? Then: What you need to know about Ford’s plan to cut 10 percent of its global workforce, and the U.S. Postal Service’s bid for millennials. Plus, as the WannaCry cyberattack fades, a new story is emerging: Hollywood films held by hackers for ransom. What would it take for studios to pay up? Should they?

Music from the episode

Fever Dream B Datassette
Hate It Or Love It The Game, 50 Cent
Skipping Rocks Oddisee
Something Good Can Work Two Door Cinema Club
Painting Greys Emmit Fenn