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Marketplace All-in-One

The elephant in the room at the RNC

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 18 July 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

This week Sean O’Brien became the first ever president of the Teamsters union to speak at the Republican National Convention. We’ll explain why this ruffled some feathers and what it could mean for the relationship between unions and the Democratic Party. And, we’ll get into how the lock-in effect is shaping today’s housing market and why the Federal Reserve won’t wait for inflation to fall to 2% before lowering interest rates. Plus, when it comes to avoiding online misinformation while a crisis unfolds, patience is a virtue.

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Half Empty!

Transcript

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0:23.0

Yeah, good to go. Hello, Hello everyone. I'm Kimberly Adams. Welcome back to Make Me Smart where we make today

0:36.0

make sense. And I'm Amy Scott in for Ky Rizdahl. Thanks for joining us. It is

0:41.6

Thursday July 18th.

0:44.0

Today we are going to listen back to some of the big stories of the week.

0:47.5

We've got some audio clips lined up. Let's hear the first one

0:50.9

from the Republican National Convention in Milwaukee on Monday night.

0:54.8

Today the teachers are here to say we are not beholden to anyone or any party.

1:01.4

We will create an agenda and work with a bipartisan coalition

1:08.6

ready to accomplish something real for the American worker.

1:13.0

O'

1:17.0

The Democrats were mad about that.

1:18.0

That was Sean O'Brien, the president of the Teamsters Union on Monday

1:22.0

when he became the first Teamster leader to ever address the

1:26.4

RNC.

1:27.4

Now, it is important to note that the Teamsters did not endorse Trump and they haven't

1:31.8

endorsed a presidential candidate yet, but his presence at the

...

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