Lessons for financial success — from outside of Wall Street
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 June 2026
⏱️ 8 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
In a time of economic uncertainty and with so much information at your fingertips, where you get your financial advice matters more than ever. In a new Marketplace series called "Must Be the Money," journalist and author Lee Hawkins has candid conversations with athletes, influencers, and entrepreneurs about wealth creation and navigating today's economy. But first on the show, with an Iran deal and this first Federal Reserve meeting under Chair Kevin Warsh, we'll preview the economic week ahead.
Transcript
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| 0:00.0 | Programming, supported by Trinity Exteriors, a local team working to help neighbors across Minnesota maintain safe, comfortable homes, offering roofing, siding, and window renovations. |
| 0:10.1 | Information and more at trinityexteriors.com. |
| 0:16.0 | An Iran deal, a Fed meeting, and a look ahead to a busy week in the economy. |
| 0:21.6 | From Marketplace in Washington, I'm Kimberly Adams. On Sunday, the U.S. and Iran announced they'd |
| 0:27.0 | reached an agreement to end fighting and open the Strait of Hormuz. For more, let's turn to |
| 0:31.7 | economist Julia Coronado. She's founder and president of macro policy perspectives. Julia, good |
| 0:36.7 | morning. Good morning. |
| 0:38.3 | Both sides are saying this agreement is going to reopen the straight of Hormuz. So what does that |
| 0:43.0 | mean short term? Well, short term, we're already seeing markets price in lower oil prices and a little bit |
| 0:50.2 | more optimism about the outlook, maybe a little bit less inflation. So we'll see if the deal |
| 0:56.0 | sticks. But even just releasing the choke point for a period of time would certainly be helpful |
| 1:01.4 | for global energy supply. And what about longer term? There's a lot of questions around who will |
| 1:07.5 | control the straight of Hormuz and at what price and what that will mean for |
| 1:12.1 | global oil supply. We do have expectations from energy experts that supply will be constrained |
| 1:18.7 | and curtailed for some time. Ships don't move that fast when they're loaded down with tons of |
| 1:23.9 | oil and some of the supply has been damaged. So here in the U.S., the Fed is meeting this week, |
| 1:29.9 | it's going to be Kevin Warsh's first meeting as chair. What are you going to be watching for? |
| 1:34.2 | Well, we're really going to find out who Kevin Warsh is going to be as Fed Chair. He's facing a surge of |
| 1:40.7 | inflation, but he was nominated with a mandate to lower interest rates, and those two |
| 1:46.0 | things are at odds. And in terms of data releases this week, we're getting industrial production, |
| 1:50.9 | import prices, and retail sales from May. Anything you're looking out for in particular there? |
| 1:55.9 | Retail sales is going to be very important. Consumers have been stretched by the higher energy prices and rising |
... |
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