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Today, Explained

Make the economy Trump’s again?

Today, Explained

Vox

Daily News, Politics, News

4.49.5K Ratings

🗓️ 1 February 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

As president, Donald Trump presided over a good — sometimes great — economy. But his proposals are unnerving business leaders this time around. The Washington Post’s Heather Long and Economist columnist Henry Tricks on the Tariff Man’s Tariff Plans. This episode was produced by Miles Bryan and Jesse Alejandro Cottrell, edited by Amina Al-Sadi, fact-checked by Laura Bullard, Melissa Hersch, and Hady Mawajdeh, engineered by David Herman, and hosted by Noel King. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The Federal Reserve decided to hold interest rates steady this week.

0:04.0

This is a good situation, let's be honest, this is a good economy.

0:07.5

Classic Jerome Powell. A couple days ago, consumer sentiment or how we feel about the economy

0:12.0

posted its biggest gain since

0:13.7

1991 and then headless and heedlong into the good vibes rushed candidate

0:20.4

Donald Trump. On a day where both the Dow and S&P closed at record highs, the former president

0:26.0

wrote on social media, in all caps we should note this, this is the Trump stock market

0:31.2

because my polls against Biden are so good that investors

0:35.2

are projecting that I will win and that will drive the market up.

0:39.2

Everything else is terrible.

0:41.6

Trump won the presidency in 2016 in part by making promises about the economy and he delivered

0:47.1

on some.

0:48.1

He's making promises again and those promises are making some people very worried and

0:52.4

we're going to tell you why.

0:54.0

On today explained, The Tariff Man, making Tariff Plans for everybody. Support for this show comes from Krakan.

1:04.4

Krypto is like the financial system but different.

1:08.4

It doesn't care where you come from, what you look like, your credit score,

1:12.4

or your outrageous food delivery habits.

1:15.0

crypto is finance for everyone, everywhere all the time.

1:20.0

Krakhan, see what crypto can be.

1:23.0

Don't invest unless you're prepared to lose all the money you invest.

1:26.0

This is a high-risk investment and you should not expect to be protected if something goes wrong.

...

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