How big will the Fed go?
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 16 September 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
It’s decision week for the Federal Reserve! Chair Jerome Powell and his colleagues are expected to reduce interest rates for the first time since 2020. Investors are predicting a half-percentage-point cut, but we’re on Team 25. We’ll explain why. Plus, the origin of the false rumors about Haitian immigrants that reached the presidential debate stage. And why the cost of your Temu and Shein orders may go up.
Here’s everything we talked about today:
- “Stock Market Today: Investors Bet on Bigger Fed Cut” from The Wall Street Journal
- “Elon Musk Writes, Then Deletes, a Post Musing About Threats to Biden and Harris” from The New York Times
- “Biden Takes Aim at China’s Temu and Shein With Trade Crackdown” from The Wall Street Journal
- “‘It just exploded’: Springfield woman claims she never meant to spark false rumors about Haitians” from NBC News
- “In celebration of being a terrible gardener” from The Washington Post
We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Hi I'm Kai Rizdahl the host of How We Survive |
| 0:03.4 | It's a podcast from Marketplace. In 1986, before I was a journalist, |
| 0:08.3 | I was flying for the Navy. |
| 0:09.7 | Mr. Gorbachev, tear down this wall. |
| 0:14.4 | It was the cold war, and my first deployments were intercepting Russian bombers. |
| 0:18.6 | Today, though, there's another threat out there, climate change. |
| 0:22.5 | This could be the warmest year on record. |
| 0:24.6 | Climate change is here. |
| 0:25.7 | Temperatures here are warming faster than anywhere on Earth. |
| 0:29.5 | And while the threat seems new, |
| 0:31.6 | the Pentagon's been funding studies on climate change since the 1950s. |
| 0:35.9 | I think we will put our troops and our forces at higher risk if we don't recognize the impact of climate change. |
| 0:44.7 | This season, we go to the front lines of the climate crisis |
| 0:47.5 | to see how the military is preparing for the threat. |
| 0:51.0 | Listen to how we survive, |
| 0:52.3 | wherever you get your podcasts. |
| 0:55.0 | All right, hi, Kai, happy Monday. |
| 0:58.0 | Thank you, Kimberly, happy Monday. |
| 1:00.0 | All right. |
| 1:01.0 | Yeah, it's just time. |
| 1:04.0 | It's just time. |
| 1:05.0 | It is. |
... |
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