Preparing for retirement amid a trade war

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 11 April 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

People who are about to retire likely just saw their pool of money shrink because of all of the market uncertainty. We chat about what the latest tariff-driven turmoil likely means for savers and how to navigate it. Plus, a look at why the dollar has been dropping in recent days. And, how Prada’s purchase of fellow luxury brand Versace might change how the brand sells itself to consumers.

Transcript

Click on a timestamp to play from that location

0:00.0	How the trade war is making retirement planning harder. I'm David Brancaccio in Los Angeles. After the Trump
0:08.6	administration confirmed yesterday, China tariffs are up at 145 percent. China today put its tariffs on U.S. goods up to 125 percent, but said it would ignore any further escalation by the U.S. Meanwhile, one of the big banks,
0:23.2	Morgan Stanley, reported strong profits for last quarter this morning, but raised a warning
0:27.6	flag about loan losses ahead and turbulence in financial markets given tariffs. With
0:32.9	worries of recession, the U.S. dollar hit a three-year low today. Euro costs a dollar 14 now.
0:38.7	Here's Marketplace's Nancy Marshall-Gensur. Usually the dollar rises when there's global turmoil
0:44.4	because investors see the greenback as a safe haven. That's not happening right now. Last week,
0:50.2	Deutsche Bank warned there could be a crisis of confidence in the dollar as investors grapple with
0:55.2	the uncertainty caused by the on-again, off-again U.S. tariffs and some economists grim predictions
1:01.3	of recession. A lower dollar means you'll pay more for imports because it takes more dollars
1:06.9	to buy the foreign currency. Importers need to buy things from other countries.
1:11.4	Importers usually pass that extra cost onto consumers.
1:15.4	But a lower dollar makes U.S. exports cheaper.
1:18.9	Foreigners are essentially getting them in a discount
1:21.0	because they get more dollars for their currency,
1:23.7	which they can then use to buy U.S. products.
1:26.9	I'm Nancy Marshall Genser for Marketplace.
1:29.9	S&P and NASDAQ futures are up in the 6 to 7 tenths of 1% range after a key reading on wholesale
1:36.0	inflation came in tame this morning. That's for pre-tariffs March and mostly due to falling crude
1:41.9	oil prices. The bond market is down, pushing the 10-year interest rate up to 4.46%. Now, stocks, the S&P is down 7.1% since just before President Trump's April 2nd tariff announcement and down 10.4% year-to-date. The NASDAQ is down 15% year-to-date. What are you? What are we supposed to do about it? Let's
2:03.6	consult Barry Ritholtz, chairman and chief investment officer at Rittholt's wealth management in New York.
2:08.6	Welcome. Well, thank you for having me. Let me guess. I bet this happens to you. It happens to me when
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.