The benefits — and costs — of hosting a political convention
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 July 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
According to Milwaukee’s visitors bureau, hosting the Republican National Convention this week comes with $200 million in additional economic activity. But that figure doesn’t include business lost when locals try to avoid the crowds. Plus, stock prices wake up with a hangover. And later, it’s day 2 of Amazon Prime Day. Today, we check in on Amazon’s pledge to spend $1.2 billion to provide free job training to about 300,000 employees.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Stock prices wake up with a hangover. |
| 0:04.0 | I'm David Brancaccio in New York. |
| 0:06.0 | We're coming off the biggest jump for the Dow Jones Industrial average in more than a year. |
| 0:10.0 | The index went up 742 points yesterday 1.9% and hit a record high amid strong |
| 0:16.4 | company profit reports from, for instance, United Healthcare, plus those hints |
| 0:20.8 | from the Federal Reserve that interest rates could be lowered soon, |
| 0:24.0 | but the vibe is different this morning, with NASDAQ futures down 1.2 percent, |
| 0:29.6 | a drop partly attributed to a comment by Republican nominee Donald Trump about Taiwan. |
| 0:35.0 | Trump's comments came in an interview with Bloomberg Business Week. |
| 0:39.0 | Trump was asked whether if he were elected for a second term as president, he would defend Taiwan |
| 0:44.4 | against China. Trump said Taiwan should pay for its own defense. He'd liken the US to an |
| 0:50.0 | insurance company and said that, quote, Taiwan doesn't give us anything. |
| 0:54.0 | Trump also said it would be difficult to defend Taiwan since it's very far from the |
| 0:58.9 | U.S. but close to China. China considers Taiwan part of its territory. Taiwan is also a huge supplier |
| 1:06.2 | of the world's computer chips, chip stocks tumbled after Trump's remarks Taiwan |
| 1:11.5 | Semic. Trump's semi-conductor manufacturing company or T-S-M-C |
| 1:15.0 | makes chips for big firms like Apple and NVIDIA. |
| 1:18.0 | The Biden administration is trying to bring chip manufacturing back to the US. |
| 1:23.0 | Taiwan says it is strengthening its defenses. |
| 1:26.3 | I'm Nancy Marshall Genser for Marketplace. |
| 1:29.5 | Now to the benefits and costs of hosting a big political convention for the Democrats in |
| 1:34.7 | August it'll be Chicago and now for the Republicans it's Milwaukee with that |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2026.