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The Intelligence from The Economist

All the president’s money men: the Trumponomics team

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 3 January 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

There are three types of economics-minded people in Donald Trump’s incoming administration. We ask whether they are likely to collaborate or to compete. Tourism clearly adds to emissions, but new numbers show just how fast that fraction is rising (9:58). And the next in our The World Ahead series reveals a familiar planetary phenomenon that will disappear in 2025 (17:07).   


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Transcript

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0:00.0

My dreams, my retirement, my life. My Map is a range of ready-made funds managed by BlackRock,

0:07.6

making it easier for you to invest for the future you want, whatever that looks like.

0:12.1

Our funds use ETFs and index funds to keep costs low and are actively managed,

0:17.1

meaning the funds stay within their investment risk profiles. Plus, it really doesn't take much to

0:22.1

begin investing. Just get started and let the professionals do the rest. My future, my way,

0:28.7

my map. Ready when you are. Capital at risk, the value of investments and the income from them can fall

0:34.3

as well as rise and are not guaranteed. Investors may not get back the amount

0:38.0

originally invested. Diversification and asset allocation may not fully protect you from market risk.

0:48.9

The Economist. Hello and welcome to the intelligence from The Economist.

0:59.0

I'm your host, Jason Palmer.

1:01.0

Every weekday, we provide a fresh perspective on the events shaping your world.

1:10.0

On some level, every tourist on a long-haul flight knows they're contributing to emissions.

1:14.6

But the flight is just the start of it.

1:17.6

Bad news for the carbon conscious, we've got a fuller picture of just how much tourism is costing the climate.

1:24.6

And from March of this year, keen watchers of the night sky will note there's something missing.

1:31.3

The next of our series The World Ahead pays tribute to the disappearing act performed by the Rings of Saturn.

1:38.3

But first...

1:49.0

In Donald Trump's first term, the economic policy principles were pretty blunt.

2:02.5

America first, good, regulation bad, corporate taxes, bad, China, bad.

2:08.7

We have been ripped off by China, an evacuation of wealth like no country has ever seen before.

2:15.7

On the 2024 campaign trail, Mr. Trump picked up where he left off,

2:20.1

with one threat repeated particularly often.

...

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