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Kai Ryssdal
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05/05/2017: A hundred-some days of big promises

May 5, 2017

Episodes 2511 - 2520 of 5795

  • U.S. Rep. Kevin Brady, left, (R-TX), President Donald Trump, Speaker of the House Paul Ryan (R-WI), House Majority Whip Steve Scalise (R-LA) and House Majority Leader Kevin McCarthy (R-CA) participate in a Rose Garden event Thursday at the White House after the House has passed the American Health Care Act 217-213. The bill now goes to the Senate. 
    Alex Wong/Getty Images

    After several false starts and a few amendments, Republicans in the House finally passed their plan to repeal and replace Obamacare. The bill is on its way to the Senate and still without scoring from the Congressional Budget Office. That means we don’t really know what the bill could cost or who could lose coverage, and Congress doesn’t really know what they voted for. We talked with Doug Elmendorf, who was running the CBO when Obamacare was under debate, and he called the vote “a terrible mistake.” Then, we’ll talk about the latest from Brexit and Puerto Rico’s debt crisis. Plus: President Trump is heading back to New York for the first time since he took office, and his old neighborhood on Fifth Avenue in Manhattan might look a little different.

  • Federal Reserve Chairman, Janet Yellen speaks at the Federal Reserve, November 12, 2015 in Washington, DC. 
    Mark Wilson/Getty Images

    There’s a lot of arm twisting and horse trading going on between the House and the White House this week, trying to push a new health care bill through. But there’s a fundamental economic reality going on here: Lawmakers are trying to change the health care market and ignoring market forces. Then: The news out of the Federal Reserve was no news, but looking ahead, you can expect a hike and President Trump to fill as many as five vacancies on the Board of Governors. We’ll talk about it. Plus: NAFTA’s effect on Texas cattle and reappearing chicken nuggets in Los Angeles schools. 

  • A government shutdown has been avoided — for now. 
    Win McNamee/Getty Images

    The current mantra with President Trump seems to be look at what he does and not what he says. But words (and facts) matter, and this morning the president tweeted that America needs “a good ‘shutdown’ in September to fix mess!” The mess being, it’s clear from the context, the trouble the White House is having getting its agenda through Congress. We can argue about how a shutdown might help or hurt the president’s agenda, but there’s no question it would be bad for the economy. Plus, we’ll talk about #vanlife and the string of bad earnings reports for American car companies (they aren’t related).

  • President Donald Trump asked Speaker of the House Paul Ryan to withdraw the Republican health care bill moments before a vote.
    MANDEL NGAN/AFP/Getty Images

    After we avoided a government shutdown Friday, this weekend congressional negotiators reached a trillion-dollar deal to keep things going till the end of the fiscal year, five months away. It’s not exactly a budget, it’s more catch-as-catch-can. We’ll explain how the process got so toxic and partisan on the show today. Then: Another executive is out at Fox News just as Bloomberg enters in a new deal with Twitter to get off TV entirely. Plus: Can you boost the economy with old buildings? We’ll talk with the CEO of the National Trust for Historic Preservation.

  • President Donald Trump listens to a question during a town hall event at Rochester Recreational Arena in Rochester, New Hampshire.
    Darren McCollester/Getty Images

    Just ahead of his 100-day mark, President Trump had one of the bigger economic weeks of his young administration. This week had it all: Tax policy! Trade policy! A narrowly avoided government shutdown tied to the budget and health care! Plus, capping it all off, a lackluster GDP report. We’ll try and figure out what it all means in the Weekly Wrap. Plus: Trump just signed an executive order allowing more drilling in the Atlantic and Arctic oceans with the premise it will create jobs. But with crude at $50, is that really going to happen? Then: another visit to Erie, Pennsylvania, for our series “The Big Promise.”

  • U.S. Secretary of Education Betsy DeVos speaks as President Donald Trump and educator Kenneth Smith listen during a parent-teacher conference listening session at the Roosevelt Room of the White House.
    Alex Wong/Getty Images

    After a flurry of reports that President Trump was weighing an order to pull out of NAFTA, he now says he’d rather renegotiation. But improving the trade deal could mean exhuming Obama’s Trans-Pacific Partnership. Then: Republicans haven’t given up on repealing and replacing Obamacare. The latest twist is an amendment that would let states decide whether insurers can charge people with pre-existing conditions. We’ll try to game that out. Plus: Our latest Marketplace-Edison Research poll found that even though most Americans don’t have factory jobs, a lot of people agree about the primacy of manufacturing to the economy.

  • Secretary of the Treasury Steven Mnuchin and National Economic Director Gary Cohn speak about President Trump's new tax reform plan at the White House today.
    Mark Wilson/Getty Images

    The White House unveiled a one-page set of bullet points today, outlining President Trump’s long-touted tax plan. We’ll run through those points while looking at what could actually happen once lawmakers start actually fleshing things out. Then FCC Chairman Ajit Pai made a big announcement of his own on net neutrality. Molly Wood is here to make us smart. Plus: more from our Marketplace-Edison Research Poll and the controversy around the White House Correspondents’ dinner.

  • President Donald Trump speaks before signing an executive order surrounded by small business leaders in the Oval Office of the White House January 30, 2017 in Washington, DC.
    Andrew Harrer - Pool/Getty Images

    President Trump’s tax plan will either be the best thing for the economy since sliced bread (or something), or it’ll blow the deficit to kingdom come. It kinda just depends on your perspective right now. We’ll look at the arguments for the sliced bread side ahead of the president’s announcement tomorrow. Then: Did anyone expect Canada to attract Trump’s trade-policy wrath? Wilbur Ross said today there won’t be a trade war, but there’s gonna be collateral damage. Plus, we’ll talk with Dave Eggers about his book “The Circle” as the movie version heads to theaters.

  • President-elect Donald Trump waves to the crowd while being introduced to speak to supporters at the Giant Center, December 15, 2016 in Hershey, Pennsylvania. 
    Mark Wilson/Getty Images

    It’s a big week for the American economy. Forget that much-rumored but unlikely vote on the GOP health care plan for a minute. Let’s talk about something that’s at least somewhat in the White House’s control, kind of: Is the government going to shut down Friday night? What’s going on with tax reform? We talked with Kevin Brady, Republican congressman from Texas and chairman of the House Ways and Means Committee. Plus, what’s ahead for net neutrality under this administration. Then: We have the latest numbers back from our Economic Anxiety survey. Turns out Americans are less anxious overall, but millennials are the big exception.

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About the show

Hosted by Kai Ryssdal, our leading business news radio program and podcast is about providing context on the economic news of the day. Through stories, conversations and newsworthy developments, we help listeners understand the economic world around them. Marketplace makes sense of the economy for everyone, no econ degree or finance background required. Marketplace doesn’t just report on the numbers, we take it deeper, adding context to what’s happening in the stock market and how macroeconomic policy can affect you and your business. Monday through Friday, our team speaks with a wide range of industry professionals — from small business owners to Fortune 500 CEOs, Marketplace breaks down complex topics related to business and the economy without industry jargon and over-complicated explanations.

Kai Ryssdal has led the program since 2005 and has hosted the program from China, the Middle East and dozens of cities across the United States. As a leading public media voice, Kai has been a trusted broadcaster for two decades and received an Emmy for investigative journalism on a PBS FRONTLINE documentary about money in politics called “Big Sky, Big Money.” He has appeared often on CNN, CNBC and CBS news. His written work has been featured in The New York Times and The Atlantic.

Produced and distributed by American Public Media (APM) our popular business news podcasts are available worldwide on Apple Podcasts, Spotify, and RSS Feeds and any place else where you get your podcasts.

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