We got the most recent Federal Reserve meeting minutes. The key takeaways: Trump tax cuts and increased federal spending will give the economy a short-term boost, but all the deficit spending and retaliatory tariffs carry long-term risks. Speaker of the House Paul Ryan won’t have to worry about any of this soon. He announced today he’ll leave Congress in January. We’ll talk about the ripple effects of that departure. Then: Mark Zuckerberg’s second day of testimony saw the Facebook CEO answering more questions about his company’s business model: A lot of it comes down to the Like button, that little thumbs up that may well be the most powerful tool in social media. We’ll explain. Plus: More from our “How We Changed” series.

If you were listening to Mark Zuckerberg’s testimony in front of the Senate, you missed the sort of bewildered smile on the Facebook CEO’s face as he explained to Sen. Orrin Hatch how his company makes money. Zuckerberg was still answering questions as we taped the show this afternoon, but we brought in Marketplace Tech host Molly Wood to talk about the story so far. Then, we’ll look at another striking moment from this afternoon, when Zuckerberg said Facebook isn’t a monopoly as it stares down regulation, here and abroad. Then: Toys R Us filed Chapter 11 bankruptcy last year, with more than $5 billion in debt on its books. But soon afterward, it asked the bankruptcy court for permission to pay big executive bonuses. That sounds remarkable, but it’s actually pretty common. We’ll look at why. Plus: One in three American families has trouble affording diapers. We’ll look at why.

It’s been a while since we’ve started this program by dissecting a presidential tweet. But with a whiff of trade war in the air, there’s some good economic context to be had from that exercise today. At 6:03 in the morning, the president said, “When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that sound like free or fair trade. No, it sounds like STUPID TRADE – going on for years!” Believe it or not, the most important part of that whole thing was the last two sentences. We’ll explain. Then: It’s often said that if you aren’t paying for a product, you are the product. The past few weeks at Facebook have been a stark reminder of that. So, with CEO Mark Zuckerberg set to testify before Congress tomorrow, we’ll explore this model, other companies that use it and whether Facebook has any alternatives. Plus: Kai ended the trade war! He lost.

The trade deficit — all the goods and services we buy from overseas, minus what other countries buy from us — is President Donald Trump’s key economic irritant. He’s cited it when threatening to raise tariffs and tear up trade deals like NAFTA. We just got the February trade report this morning from the Department of Commerce, and for the sixth month in a row, our trade deficit has grown, despite Trump’s promises to shrink it. It may not be his fault though, and we’ll explain why. Then: Yesterday we talked to several Americans about what the potential trade war between China and the U.S. would mean for them. Today we’re headed to the streets of Shanghai, where the perspective is a little different. Plus, it’s opening day for minor league baseball. While MLB players can pull eye-popping salaries, their counterparts down the ladder are making peanuts — with no raise in sight.

We should be clear from the jump: China and the U.S. are trading specific, escalating threats of tariffs, but none have actually gone into effect. So you could call it a “trade war,” but it really isn’t … yet. Still, you all have a lot of questions about what might happen if this cold trade war heats up. We’ll start today’s show with the economic fundamentals, then do our best to answer those questions. There’s even more on Marketplace.org. Plus: A look at what will happen to America’s agriculture industry if no one blinks in this macroeconomic game of chicken.

The 12 regional banks in the Federal Reserve are ostensibly equal, but in reality the New York Fed leads the way on regulation of Wall Street and other bits of monetary policy. Today, the central bank announced John Williams (no, the other one) will run it. We’ll talk about what that means for the Fed and what you need to know about Williams. Then, the latest from the so-called red-state teacher rebellion, playing out now in Kentucky and Oklahoma, West Virginia previously. Plus: Tiger Woods has been off his game in a very big way for years now. But after a string of personal struggles and four back surgeries, he’s back and playing pretty well. Turns out, what’s good for Woods’ game is good for golf. We’ll look at the Tiger Effect in 2018. 

Wall Street finally reacted to the escalating tariffs between the U.S. and China today, and sliding tech stocks contributed to what was a pretty manic Monday for markets. We’ll kick off the show with everything you need to know. Then: We’ll zoom in a bit on Amazon, which took fire from President Donald Trump’s Twitter account again today. Is it true that USPS is giving Amazon a sweetheart deal? (No.) Plus: Restaurant workers are pushing for their own #MeToo moment.