In Houston, a look at local disaster response

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 11 June 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hurricane season starts in two and a half weeks. Last year, hurricanes caused $124 billion in damage. This year, the Trump administration is making cuts to the Federal Emergency Management Agency. Today, we head to Houston to hear how community "hub houses" offer support during disasters. Plus, the U.S and China appear back on track toward a trade truce and Trump administration policies are causing chaos for rural solar businesses.

Transcript

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1:13.0	The U.S. and China appear back on track toward a trade truce. I'm David Brancaccio in Los Angeles.
1:20.1	U.S. and China negotiators have a framework to get their trade relationship to a healthier spot.
1:26.0	President Trump said today the U.S. will have 55%
1:29.2	tariffs on China goods. China, he says, will go with 10% on the U.S. Also, according to the
1:35.3	President, China will keep rare earth minerals flowing this way, and the U.S. will let students
1:40.7	from China study here. Jeffrey Cleveland is chief economist at Payton and Regal here in Los Angeles.
1:45.9	Good morning. Good morning, David. First of all, through online postings, the president of the United
1:52.0	States says there is a done deal. This is his wording for the U.S.-China trade talks, but then he says it's subject to approval by him and President Xi of China,
2:05.6	so perhaps not fully a done deal. How would you expect this to percolate out into financial markets?
2:11.7	Well, I think the fear for this year, the main fear, was that tariffs would induce a recession.
	...

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