Are slowing home sales a sign of things to come?
Make Me Smart
Marketplace
4.6 • 5.4K Ratings
🗓️ 19 May 2022
⏱️ 19 minutes
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Summary
This Thursday, we talk about the news that home sales slowed in April, though prices still set records. And, the Joe Biden administration tries to increase the supply of baby formula using the Defense Production Act. It’s a welcome help to parents, but how did we get here? Plus, more stories from Ukraine that show the toll of the war. We’ll see you tomorrow for Economics on Tap, but before then, we share what geopolitical alliances and beer have in common.
Here’s everything we talked about today:
- “Biden invokes Defense Production Act to increase supply of U.S. infant formula” from Politico
- “U.S. Home Sales Cool Amid Higher Rates, Record Prices” from The Wall Street Journal
- “Captive medic’s bodycam shows firsthand horror of Mariupol” from AP News
- “Russian soldier asks Ukrainian widow to forgive him during first war crimes trial” from The Guardian
- “Finland brewery launches NATO beer with ‘taste of security’” from AP News
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Join us Friday for Economics on Tap. We’ll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
Transcript
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| 0:00.0 | Sorry, what are we waiting for? Come on, let's go. Let's just do it. Let's just do it. |
| 0:05.2 | Yeah, we should probably just do it. |
| 0:07.2 | More Carlos, just before Kimberly just gets, you know, |
| 0:12.0 | good to have you. |
| 0:13.2 | Sorry. Hey everybody, I'm Kyle, I'm Rizzo. Welcome back to Make Me Smart. |
| 0:16.5 | Making Today Make Sense as best we can. |
| 0:20.6 | And I'm Kimberly Adams. Thank you for joining us this Thursday. |
| 0:24.5 | I hope you will forgive if you hear thunder and noises behind me. |
| 0:28.7 | I'm in Missouri and it's typical St. Louis weather. |
| 0:33.2 | It is tornado season, which I learned today is that's just wow. |
| 0:38.4 | Wow. Yeah, yeah, but I'm in a safe place to record and I'm gonna, you know, shut down if I need to, |
| 0:45.2 | but we're gonna do some news and then we're gonna wrap some things up with Make Me Smiles. |
| 0:50.4 | So let's start with the news. Let's start. I'll go first because I've got some |
| 0:55.6 | addendums to yours too, actually. Okay. So I've got two, one of which is an observation and one |
| 1:00.7 | of which is actually substantive. So number one, I just want to talk about this baby formula |
| 1:04.8 | shortage for a second. First of all, it's horrible that it's happening. |
| 1:08.8 | It's absolutely unforgivable that the regulatory situation and the tariff situation in |
| 1:13.7 | this economy is the way it is that this has been allowed to come to pass. And let me just say that |
| 1:19.3 | my first born son who is now 20, it's gonna be 24, he would not be around. I'm saying this |
| 1:26.7 | chuckling, but he would not be around if we didn't have baby formula because breastfeeding is ridiculously |
| 1:33.0 | difficult and that's something that nobody tells you when you become a parent. It's crazy hard |
| 1:37.9 | and it's really hard to know when the kid's not getting the nourishment, when you're not rested, |
... |
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