Selling America
Make Me Smart
Marketplace
4.6 • 5.4K Ratings
🗓️ 11 April 2025
⏱️ 36 minutes
🧾️ Download transcript
Summary
Amid this week’s tariff turmoil, U.S. stocks tumbled, U.S. Treasurys sold off, and the U.S. dollar weakened. Kai explains what this triple sell-off could mean for the future of the American economy. And, is the era of cheap stuff in America over? Donald Trump administration officials are arguing it’s a good thing. We’ll get into it. Plus, we’ll weigh in on penguin memes and using public phones during a round of Half Full/Half Empty.
Here’s everything we talked about today:
"Treasury Secretary Bessent says the American dream is not about 'access to cheap goods'" from CNBC
"Cheap Consumer Goods Are the American Dream, Actually" from Bloomberg
"The Trump administration says cheap goods aren’t part of the American dream. They’re wrong." from Vox
"The bond market is acting weird. It spooked Trump" from CNN Business
"After Trump’s Tariffs, Stocks Plunged but Penguin Memes Ticked Up" from The New York Times
"More students opt for certificates as undergraduate degree earners decline" from Marketplace
"A Frenzy at Trader Joe’s: ‘Everyone’s Here for the Tote Bags’" from The New York Times
"The Masters offers public phones as alternatives to cellphones. Here's what attendees think" from Fast Company
Got a question for our hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Hello, listeners. Our goal at Marketplace is to raise the economic intelligence of the country, |
| 0:06.5 | and that goes for teens and young adults, too. The newest season of Financially Inclined, hosted by |
| 0:12.2 | Janelli Espinall, tackles topics like how to align your values with your money decisions, |
| 0:18.5 | the skill of negotiating, and what you can get out of internships. |
| 0:23.5 | Financially inclined is presented in partnership with Greenlight, the debit card and money app for teens. |
| 0:29.7 | Greenlight helps teens learn to earn, save, spend wisely, and invest. |
| 0:34.8 | Tune in to financially inclined wherever you find your podcasts. |
| 0:47.0 | Hello, everyone. |
| 0:48.0 | I am Kimberly Adams. |
| 0:49.1 | Welcome back to Make Me Smart, where we make today and ideally the week make a little bit |
| 0:53.6 | more sense. Ideally the week make a little bit more sense. |
| 0:55.4 | Ideally the week. I'm Kyle Rosal. Thanks for joining us on the podcast and on the YouTube |
| 0:59.6 | live stream on this Friday, the 11th of April. Oh my gosh. What a week. Yikes. Can you believe it? |
| 1:10.9 | Yeah. So we are in our weekly happy hour episode, we called Economics on Tap, for those of you who are new here, welcome. |
| 1:17.5 | We're going to do some news. We're going to play a game, but first we are going to talk drinks. Kai, what you got? |
| 1:23.9 | I've gone to the old standby. The reason I was a little rushed getting in here, not that anybody other than you, |
| 1:28.4 | me and Juan Carlos knows that, is that I had to go to the grocery store, |
| 1:32.0 | and the parking lot was stupidly crowded with a lot of not California's best drivers. |
| 1:38.3 | But I did get myself my go-to modern times beer, hazy double IPA, |
| 1:42.4 | and it's going to do me solid which i think that was that was |
| 1:45.9 | generous not california best drivers huh let me just tell you there were some there were some profanities |
| 1:51.8 | uttered in that parking lot let me just tell you by you or by others oh by me I's had a lot of profanity this week. |
... |
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