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05/18/2017: Trade is center stage as Trump heads abroad

President Donald Trump walks down the stairs after arriving on Air Force One at the Palm Beach International Airport to spend part of the weekend at Mar-a-Lago resort on February 17, 2017 in West Palm Beach, Florida. Joe Raedle/Getty Images

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On the eve of his first trip abroad since taking office, President Trump took the first formal steps of renegotiating NAFTA. But is it the right time? And what will the U.S. get out of it? That’s what we’re talking about today before turning to Saudi Arabia. It’s Trump’s first stop on a whirlwind nine-day trip, and he’s bringing a lot of CEOs with him. Plus: Roger Ailes, the founder and former CEO of Fox News, died today at 77. Ailes was, according to more than a dozen women, a serial sexual harasser who enabled others to do the same. But he was also a man who changed the United States and propelled Trump to the White House. We’ll talk with Ailes biographer Gabriel Sherman. Plus: We covered stocks and currency under Trump already this week. So why not try to predict the future and complete the trifecta with a look at the bond market?

Segments From this episode

Roger Ailes transformed 'American politics into a contact sport'

by Kai Ryssdal May 18, 2017
Gabriel Sherman of New York Magazine says Fox News trying to find its identity.

Why Pittsburgh is buying $1,200 garbage cans

by Erika Beras May 18, 2017
The smart cans are meant to save time and money, but some trash collectors are skeptical.

Trump’s proposed education budget puts federal initiatives on the chopping block

by Adam Allington May 18, 2017
A copy of President Trump’s proposed education budget has been leaked to the Washington Post. In total, the plan would eliminate $10.6 billion from federal education initiatives, including things such as after-school programs for the poor, teacher training, and surprisingly, work-study funding for college students. The cuts to work-study, together with other proposed rollbacks in college […]

Do fewer regulations translate to more growth?

by Kimberly Adams May 18, 2017
Treasury Secretary Mnuchin believes a GDP of 3 percent is achievable and cutting regulations is one way to get there.

The bond market has a message for President Trump

by Sabri Ben-Achour May 18, 2017
The yield on the 10-year treasury has been tumbling for the past week. Another way of saying that is: That is strong demand for these bonds, which causes their price to rise and the interest rates they pay to fall. And that is telling us something about investor thinking — about the Federal Reserve, the president and […]

Infrastructure spending could be good news for the steel industry — if it ever happens

by Kai Ryssdal May 18, 2017
It's time to take away the 'distracting toys and get back to work,' says Lisa Goldenberg of the Delaware Steel Co.

Music from the episode

Don't Wanna Fight Alabama Shakes
Soul Vibration Chris Standring
I Sat By The Ocean Queens of the Stone Age
You're Not Good Enough Blood Orange

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