Would a new label prevent you from buying that bottle?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 January 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Every bottle of alcohol sold in the U.S. already has a warning label. But late last week the U.S. Surgeon General recommended changes to those labels, including adding specific information on how alcohol can cause certain kinds of cancer. But how effective might such updates be? We’ll dig in. Plus, mortgage rates are creeping back up, and oral arguments over a TikTok ban are slated to go before the Supreme Court this week.
Transcript
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| 0:00.0 | On a bottle of beer, bojolet, or bourbon, says dreaded disease. |
| 0:07.5 | I'm David Brancaccio in New York. First, mortgage rates have popped back above 7%. |
| 0:12.2 | 7.1% using Mortgage News Daily's calculation for average 30-year fixed-rate home loans. |
| 0:18.6 | So much for the lower interest rates, central bankers had tried to engineer through the latter part of the year just ended. |
| 0:24.2 | Marketplaces Mitchell Hartman has an update. |
| 0:26.7 | Mortgage rates have been rising on expectations that the Federal Reserve will keep interest rates higher this year to fight inflation, |
| 0:33.6 | says Lawrence Yun at the National Association of Realtors. |
| 0:36.9 | There's also concern, he says, |
| 0:39.0 | about whether or not the Trump administration is looking to privatize Fannie Mae and Freddie |
| 0:45.0 | Meg, which he says would lead to higher borrowing costs. Youen predicts mortgage rates will settle in |
| 0:51.1 | 2025 at what he calls a new normal, 6 to 6.5%. That's one factor that could |
| 0:57.5 | encourage more existing homeowners to sell, says Zillow's Skyler Olson. People get divorced, |
| 1:03.6 | they get married, they have kids, they lose a partner, and all these things precipitate major |
| 1:09.1 | moves that unlock them from their low rates into the more modern housing market. |
| 1:14.3 | A housing market that remains very challenging for all but the luckiest first-time buyers, says Lawrence Yun. |
| 1:20.8 | Young people who are fortunate to get some help from mom and dad or extend a family for down payment can get into the market. |
| 1:29.2 | But many moderate income and minority households without intergenerational wealth to rely on |
| 1:34.9 | can't. I'm Mitchell Hartman for Marketplace. President Biden has banned new offshore oil and |
| 1:40.5 | gas development off a huge stretch of U.S. coastline, this in the name of curbing climate change and oil spills. |
| 1:47.6 | The 70-year-old Outer Continental Shelf Lands Act is very difficult for subsequent presidents to reverse once triggered. |
| 1:54.4 | This week, the Supreme Court will hear arguments about the law of the land that's set to ban TikTok from U.S. customers. The concern is |
| 2:01.7 | the possibility the Chinese government could use TikTok for propaganda, misinformation, |
... |
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