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Marketplace All-in-One

Consumer confidence has been taxed

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 23 December 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Consumer confidence, as assessed by The Conference Board, grew steadily the past few months. But in December, the index fell 7%. One likely driver? Agita over President-elect Donald Trump’s tariff proposal. Also in this episode: The Senate passes a pricey bill to fix a decades-old Social Security issue, President Joe Biden announces an investigation into China’s trade practices for chips, and we check in with an Asheville business recovering from Hurricane Helene.

Transcript

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0:00.0

Givewell has now spent over 17 years researching charitable organizations and only directs funding to a few of the highest impact opportunities they've found.

0:09.4

Over 125,000 donors have used Givewell to donate more than $2 billion.

0:15.8

Rigorous evidence suggests that these donations will save over 200,000 lives.

0:23.3

Givewell wants as many donors as possible to make informed decisions about high-impact giving. You can find all of their research and

0:27.7

recommendations on their site for free. You can make tax-deductible donations to their

0:32.4

recommended funds or charities, and Givewell doesn't take a cut. To find out more or make a donation, go to givewell.org

0:39.3

slash UK. Givewell, UK can claim gift aid for eligible donations. Again, that's givewell.org

0:45.1

slash UK to donate or find out more. Hey, everybody, it's Kai. Time is running out to give a tax

0:50.3

deductible donation to marketplace before the end of the year. Donate today to support the

0:54.8

public service journalism that you rely on. Every donation and every dollar helps us plan for the new year

1:00.8

ahead. Go to Marketplace.org slash donate and invest in news you value and trust. That's

1:06.5

marketplace.org slash donate or you can follow the link in the show notes.

1:12.6

The federal government's been busy in the final days of 2024.

1:17.8

We'll take a look at what some recent actions from the White House and Congress mean for the economy.

1:23.1

From American public media, this is Marketplace.

1:35.6

Music American Public Media. This is Marketplace. In Baltimore, I'm Amy Scott in for Kai Rizdahl. It's Monday, December 23rd. Good to have you with us.

1:43.5

A new front has opened up in the chip wars.

1:46.6

The Biden administration announced today it's investigating alleged unfair trade practices by China,

1:53.3

not related to the high-end chips that power AI and seem to get all the attention these days,

1:59.1

but the older everyday computer chips found in cars, household appliances, and medical devices.

2:06.8

Marketplace's Sabri Beneshore gets started with a look at why China's investment in these so-called legacy chips has U.S. officials concerned.

2:15.6

When the Chinese government invested hundreds of billions of dollars in solar manufacturing in China,

...

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