Actors and studios strike a (tentative) deal

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 10 November 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

After 118 days, the SAG-AFTRA strike appears to have come to an end, marking a historic win for actors. We’ll hear from the union’s president, Fran Drescher, about her delight with the new deal. Also, what Fed chief Jay Powell’s recurring message on interest rates says about economic belief versus reality. Plus, it’s the beginning of the end for panda diplomacy, as D.C. bids farewell to its cuddly friends.

Here’s everything we talked about:

- “Powell Closes The F—— Door On Early Rate Cut Hopes: Stocks, Bonds Tumble While Dollar Rallies” from Business Insider

- “Treasury’s Yellen calls Republican effort to cut IRS funding for Israel ‘damaging and irresponsible'” from AP News

- “Why did Speaker Mike Johnson disclose zero assets?” from Marketplace

- “As Pandas Leave National Zoo, Is Panda Diplomacy Over?” from The New York Times

- Video: “SAG-AFTRA president Fran Drescher reacts to historic actors’ agreement” from CNN

- “SAG-AFTRA Approves Deal to End Historic Strike” from Variety

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.

Transcript

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0:00.0	Hey, I'm Kyle Rosdall. Welcome back to Make Me Smart. Making it make
0:09.6	the name makes sense is what we do on this podcast.
0:12.0	Right, and I'm Kimberly Adams.
0:14.0	Thank you everyone for joining us on this Thursday.
0:16.0	It is November the 9th.
0:18.0	So we're going to do what we do on Thursdays, listen to some audio from the stories of the week we will
0:24.0	chit-chat about it and then we'll move on so let's go. The FOMC is committed to
0:29.4	achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time.
0:36.2	We are not confident that we've achieved such a stance.
0:39.2	We know that ongoing progress toward our 2% goal is not assured.
0:43.6	Inflation has given us a few head fakes along the way.
0:47.7	If it becomes appropriate to tighten policy further,
0:50.3	we will not hesitate to do so. You know what I wonder about your
0:54.4	gosh or a jay pal.
0:55.8	No, no, neither was a little hot mic moment, but we'll get to that in a minute.
1:00.0	Oh yeah.
1:01.0	You know what I wonder about jay pal I wonder because it sort of sounded there and it sounded this past Wednesday,
1:08.0	not yesterday, but a week ago Wednesday, it's like his little bored of saying the same thing.
1:12.0	He's been saying the same thing now for months and months and months and months, right?
1:16.7	We've got a long way to go.
1:17.9	We're not there yet.
1:18.7	We're going to stay restrictive as long as we need to, blah, blah. and you can tell he's just sort of
	...

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