meta_pixel
Tapesearch Logo
Log in
Marketplace All-in-One

Checking up on child care costs

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 21 July 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

While the new spending and tax law boosted the Child Tax Credit by $200, child care costs have risen 30% since before COVID. The U.S. spends less of its GDP on child care and pre-kindergarten than other industrialized nations, and many families face tough choices when confronting the cost of child care. Also on the program: a calm start to the week for financial markets despite political instability in Japan and a trade war.

Transcript

Click on a timestamp to play from that location

0:00.0

Markets roll merrily along despite a trade war.

0:05.9

I'm David Brancaccio in Los Angeles.

0:08.0

Financial markets are calm to start the week with the Dow up 61 points in early trading, a tenth percent.

0:14.1

The S&P is up four tenths of a percent.

0:16.1

The NASDAQ up seven-tenths of a percent.

0:18.0

This despite some political instability in Japan and more global

0:22.4

trade war. On Mondays, we consult economist Julia Coronado at macro policy perspectives in Austin, Texas.

0:28.9

Hey, Julia. Good morning. First, Japan, the ruling coalition there got clobbered in an election.

0:36.3

The prime minister indicates he'll stay, talk of a no

0:38.9

confidence vote there. It's a holiday in Japan today, so market reaction will be tomorrow.

0:44.9

You must be tracking this. Yeah, it's a very fluid situation, very unsettled, and it comes at a time

0:51.2

when, of course, the trade negotiations are coming to the second deadline.

0:56.1

So really complex situation in Japan. We'll see how that plays out.

1:00.8

Speaking of trade, I used to live in a world that would react when a president of the United States spoke of putting across the board tariffs on the European Union of 15 to 20 percent and the EU not rolling

1:12.4

over, gearing up for a trade war yet. Markets look calm on this Monday so far.

1:17.8

Yeah, markets have gotten into a habit of ignoring the bad news, assuming that it will go away.

1:23.7

And that's, of course, a dangerous assumption to be making, but it seems to be one the markets are

1:30.3

rolling with, whether it's tariffs on the EU or firing the Fed chair. But we'll see whether that's a

1:37.6

good assumption or not. Yeah, and to be clear, Jay Powell is still head of the Fed, but, you know,

1:44.1

we're tracking the headlines that the president

1:45.7

is unhappy with his stewardship. Yes, very much still the Fed chair, but also some pretty

1:52.4

serious groundwork being laid to give President Trump the option to at least try to fire him.

...

Transcript will be available on the free plan in 18 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.