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May 17, 2017

05/17/2017: That joke we made yesterday about markets? Not so funny now.

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Leaving aside some late-breaking special (counsel) announcements, stocks seemed pretty immune to the chaos in Washington until today. But the dollar? Different story; it's at a seven month low, in fact. That's not to say currency traders are more on the ball than the folks in equities but... if the shoe fits? We'll talk about it, and today's big sell-off. Then: TV upfronts are wrapping up this week. All the networks are showing off their fall schedules which look... a lot like stuff we've seen before. Finally, we follow a cancer patient who's devoting his life to making drugs more affordable.

Segments From this episode

Colombia's fragile peace effort is expensive and challenging

May 17, 2017
The deal between the government and guerrillas is expensive and challenging.
This guerrilla lost his arm during the conflict in Colombia. He is painting an image that marks 53 years since the formation of the FARC, the Spanish acronym for the Revolutionary Armed Forces of Colombia.
Lorne Matalon

More reboots and spinoffs at the TV upfronts this year

May 17, 2017
Despite low network television ratings, advertisers will spend big money this year.
"American Idol" is just one of many reboots coming this fall.
Kevork Djansezian/Getty Images

This cancer patient is devoting his life to making drugs more affordable

May 17, 2017
David Mitchell's advocacy group aims to bring down prescription prices by harnessing the power of patient stories.
Advocate David Mitchell says drugs are so expensive that some people are losing their homes or using college savings. Above, chemotherapy drugs.
Chris Hondros/Getty Images

Americans are worrying about financial security even when they have jobs

May 17, 2017
Individuals are bearing the risk of the economy, 'Financial Diaries' authors say.
Steady clerical and administrative jobs that employed lots of people have disappeared, Jonathan Morduch says.
Photo by Hulton Archive/Getty Images

Amazon would be a disrupter if it sold prescriptions

May 17, 2017
A report from CNBC says Amazon is getting more serious about becoming a place for you to buy your prescription drugs. Amazon could be a major disrupter, as it has been when it entered other sectors, from books to groceries. The hundreds of billions of dollars Americans spend on prescriptions every year make the pharmacy business […]

Here’s why the dollar is losing ground to other currencies

by
May 17, 2017
Until yesterday, stocks seemed pretty immune to the noise out of Washington. But the dollar? Different story. The past week has not been kind to the U.S. currency. It’s at a seven-month low, in fact. Here’s why the dollar is so sensitive to the news. Click the audio player above to hear the full story. Stories […]

Leaving aside some late-breaking special (counsel) announcements, stocks seemed pretty immune to the chaos in Washington until today. But the dollar? Different story; it’s at a seven month low, in fact. That’s not to say currency traders are more on the ball than the folks in equities but… if the shoe fits? We’ll talk about it, and today’s big sell-off. Then: TV upfronts are wrapping up this week. All the networks are showing off their fall schedules which look… a lot like stuff we’ve seen before. Finally, we follow a cancer patient who’s devoting his life to making drugs more affordable.

Music from the episode

Canyons Chris Pickering
Polypel Nitemoves