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To the Point

President Trump touts a booming economy

To the Point

KCRW

News

4.4583 Ratings

🗓️ 2 August 2017

⏱️ 51 minutes

🧾️ Download transcript

Summary

The New York Stock Exchange hit another record today, and the President says that means the economy's booming. Who's reaping the benefits and who's not? What about calls for "tax reform?"

Transcript

Click on a timestamp to play from that location

0:00.0

From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

0:07.9

The president and the economy, winners and losers.

0:14.6

Hello again, I'm Norman Alney, and this is To the Point.

0:17.8

President Trump is celebrating what's often used as a measure of the U.S. economy.

0:22.3

Today, the stock market hit the highest level that it has ever been.

0:27.9

But the devil is always in the detail. Stocks are rising, partly due to corporations,

0:32.4

buying back their shares at record low interest, instead of creating new jobs or increasing

0:36.9

wages.

0:42.1

10% of Americans are in on the good news, 90% are being left behind.

0:47.7

The president has promised help for those forgotten Americans, so why tax cuts for corporations and shareholders?

0:49.0

That's our topic today.

0:50.5

On our talking point later, landmark protection for women against domestic violence in Tunisia.

0:56.6

First, here's the news.

1:03.0

Check out KCRW's All News Channel, News 24. Programming from KCRW, NPR, NPR, BBC, and more, 24 hours a day.

1:12.5

Go to KCRW.com slash News24 or members of KCRW and from the Public Radio International Program Fund.

1:36.7

Hello again, Mormon. I'll name back with To the Point. The New York Stock Exchange hit another record today, and the president says that means the economy's booming, but who's reaping the benefits and who's not? What about calls for tax reform? Today's talking point, Tunisia has

1:50.0

gone beyond other Arab countries in protecting women against domestic violence, and now

1:54.5

rapists will no longer be able to avoid prosecution by marrying their victims, and abusers will

2:00.2

have to leave their homes so mothers

2:02.0

can stay with their children. First, this news update. The president today hosted two Republican

2:06.8

senators at the White House with a new bill they say would cut legal immigration in half in 10 years.

2:13.3

Green cards would be available based on high skills and the demonstrated ability to make a living.

...

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