Jul 11, 2017

07/11/2017: The *other* news out of the White House

HTML EMBED:
COPY

We told you yesterday about Congress' long to-do list, and today Senate Majority Leader Mitch McConnell delayed the August recess to address it. But over on the other end of Pennsylvania Avenue, there's a lot going on. President Trump sent Congress his first nominee for the Federal Reserve and got his nominee for the Office of Information and Regulatory Affairs approved. We'll talk about both. Then: Snap shares are trading below their initial public offering price back in March amid advertising worries. We'll look at a possible case of buyer's remorse. Plus: the business of building big stadiums.

Segments From this episode

Why do pro sports teams get tax breaks to build new stadiums?

Jul 11, 2017
It's become the norm for pro sports franchises to count on tax-free municipal bonds for building stadium projects.
 A general view of Marlins Park.
Mike Ehrmann/Getty Images

In the economic circle of life, businesses are dying faster than ever

Jul 11, 2017
"A narrow swath of people, places and firms" account for a huge part of national growth, EIG co-founder says.
MLADEN ANTONOV/AFP/Getty Images

Who's on the Trump administration's deregulation task force?

Jul 11, 2017
The New York Times and ProPublica found 28 people with potential conflicts of interest.
MIGUEL MEDINA/AFP/Getty Images

Snap’s share price falls below its IPO level - a case of buyers remorse?

Jul 11, 2017
Analysts have questioned the company's ability to keep advertisers happy.

A new regulator for the Federal Reserve may favor deregulation

Jul 11, 2017
President Trump has sent Congress his first nominee for a post at the Federal Reserve. He’s named Randal Quarles as Fed vice chair of supervision. That’s the central bank’s top banking regulator. He’s the first one to hold the position since it was created seven years ago under Dodd-Frank financial reform law. And, maybe ironically, […]

We told you yesterday about Congress’ long to-do list, and today Senate Majority Leader Mitch McConnell delayed the August recess to address it. But over on the other end of Pennsylvania Avenue, there’s a lot going on. President Trump sent Congress his first nominee for the Federal Reserve and got his nominee for the Office of Information and Regulatory Affairs approved. We’ll talk about both. Then: Snap shares are trading below their initial public offering price back in March amid advertising worries. We’ll look at a possible case of buyer’s remorse. Plus: the business of building big stadiums.

Music from the episode

Delta Rice Oil Boom
Make Me Like You Gwen Stefani
Passin' Me By The Pharcyde
Passin' Me By The Pharcyde