A steel industry tug of war

Make Me Smart

Marketplace

Business, News

4.6 • 5.5K Ratings

🗓️ 30 March 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carmakers are keeping a close eye on the steel industry. A bidding war over U.S. Steel, an iconic American manufacturer, is brewing, and car companies are concerned about antitrust issues and what that could mean for the auto business. We’ll get into it and explain our new theory about why the economy feels so precarious at the moment. Plus, we’ll weigh in on side hustles, raising the retirement age and Beyonce’s rendition of Dolly Parton’s “Jolene” in a round of Half Full/Half Empty!

Here’s everything we talked about today:

- “Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs” from Reuters

- “Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates” from AP News

- “Fed chair: Focusing solely on inflation is “no longer appropriate'” from Marketplace

- “Biology is not as hierarchical as most textbooks paint it” from Aeon

- “Dolly Loves Beyoncé: The Country Legend Is Wowed By The Fiercely Revised ‘Jolene'” from Deadline

- “LinkedIn moves in on TikTok’s turf with video option” from Axios

- “Owning a vending machine is an emerging side hustle” from Marketplace

- “Krispy Kreme doughnuts are coming to McDonald’s” from The Washington Post

- “Should the U.S. raise the retirement age?” from Marketplace

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:00.0	Hey Marketplace listeners, you know around here we like to think you're never too young to learn about the economy and financial basics.
0:05.6	That's why we're bringing the million bazillion live tour to school to teach important lessons about budgeting, investing, saving, and more.
0:12.8	It's all the fun of the podcast, but now live,
0:15.4	immersive and interactive.
0:17.4	Special thanks to our tour partner, Green Light,
0:19.8	the debit card and money app for kids and teens.
0:22.6	Learn more about greenlight at greenlight.
0:24.6	dot com slash million.
0:26.4	That is green light dot com slash million.
0:29.1	Under pressure.
0:30.1	Ten and that down.
0:31.1	T.
0:31.8	T.
0:31.9	T. Ting and. Hous. Hébudel. Almost on the right beat.
0:35.0	Hello, I'm Kimberly Adams.
0:37.0	Hello everyone, I'm Kimberly Adams.
0:40.0	Welcome back to Make Me Smart, where we make today make sense. It is Friday, March 29.
0:46.3	And I'm Novasafo in for Kyra's Doll. Thanks for joining us on the podcast and on the
0:50.0	YouTube stream. It's Friday and that means it's time for our weekly happy hour
0:54.3	episode. Exactly and because it is Friday that means we're gonna do some news
1:00.1	we're gonna take a break and then play a round of half
1:03.0	full half empty but of course we have to start with our drinks.
	...

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