May 27, 2022

Americans are spending more than they’re making

That spending spree can't last. Plus, talk of tariffs in the Weekly Wrap.

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The Weekly Wrap

We're joined by the New York Times’ Ana Swanson and Yahoo Finance’s Brian Cheung about the latest inflation figures, the fate of the Trump administration’s tariffs and the path ahead for the Fed’s attempt to moderate inflation.

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Consumers are spending up a storm — and spending down their savings

by Mitchell Hartman

May 27, 2022

Even though they're pessimistic about the economy and economists worry about a recession.

Americans are spending more money than they've got coming in each month.

Patrick T. Fallon/AFP via Getty Images

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A Warmer World

More severe hurricane seasons bring higher costs

by Savannah Maher

May 27, 2022

Storms are becoming more frequent and covering new ground. At the same time, mitigation efforts are getting more expensive

NOAA via Getty Images

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When consumers feel strapped, some brands do well anyway

by Kristin Schwab

May 27, 2022

Strong earnings from Nordstrom, Macy's and Dollar General suggest pent-up demand and a reframing of what people consider essential spending.

Dollar Tree said groceries made up a bigger part of its sales last quarter — which could spell trouble for retailers like Walmart and Target.

Mario Tama/Getty Images

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Why the U.K. is threatening to tear up part of its Brexit treaty with the European Union

by Stephen Beard

May 27, 2022

The British move to change unilaterally part of its withdrawal deal with the EU could trigger a trade war with the bloc.

The Brexit grace period is over for most nonfood products arriving in Northern Ireland from the British mainland, and a wide swathe of goods already has been squeezed out of the Northern Ireland market.

Dan Kitwood/Getty Images

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Music from the episode

Headlines (feat. Westside Gunn, Conway & Benny) DJ Premier, Westside Gunn, Conway the Machine, Benny The Butcher

Scenic Drive Poolside

4/17/1975 Rob Viktum

Tidal Waves The Shacks

Motherland Journey Blue Lab Beats, KillBeatz, Fela Kuti

I'm a Rock Jitwam

The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

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