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A crisis without a solution Nov 12, 2024

Show notes

A new report estimates global damages from extreme weather events between 2014 and 2023 at about $2 trillion, roughly in line with the 2008 financial crisis. It comes as world leaders meet at the United Nations Climate Change Conference, or Cop29, under the shadow of President-elect Donald Trump’s promises to roll back environmental standards. We’ll get into what it all might mean for climate policy here at home. Plus, is economic growth abroad in Trump’s hands? Then, we’ll smile at Mattel’s mea culpa for a misprint on its new “Wicked” toys.

Here’s everything we talked about today:

“‘Science is still science’: US still committed to climate fight despite Trump’s win, Podesta says at COP29” from Politico

“A shadow ‘financial crisis’ has cost the world $2 trillion” from CNN

“Rest of World’s Growth Is at Trump’s Mercy” from The Wall Street Journal

“FDA to Finally Ban Controversial Ingredient in Popular Decongestants” from ScienceAlert

“Mattel Apologizes for Porn Site Misprint on ‘Wicked’ Toy Packaging” from The Wall Street Journal

Got a question for the hosts about the election, Trump’s next presidency and the U.S. economy? Email us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Elon Musk is now in the room where it happens Nov 09, 2024

Show notes

The richest man in the world just became even more influential after pouring millions into former President Donald Trump’s reelection campaign. Tesla shares soared after Trump’s win and CEO Elon Musk was already invited to join a call with Ukrainian President Volodymyr Zelenskyy. We’ll get into what the cozy relationship between Trump and Musk could mean for the U.S. economy and national security. And, we’ll talk about the many Americans who are looking to move abroad in the face of the U.S. election results. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

“Scoop: Elon Musk joined Trump’s call with Zelensky” from Axios

“Tesla hits $1 trillion market cap as stock rallies after Trump win” from CNBC

“Exhausted by the Election, Some Americans Are Catching Flights Abroad” from The New York Times

“American interest in Canadian citizenship is spiking again after Trump’s victory” from Politico

“Nvidia, Sherwin-Williams to replace Intel, Dow on Dow Jones” from Marketplace

“Steven Madden C.E.O. Says It Is Moving Production Out of China” from The New York Times

“Painting by A.I.-Powered Robot Sells for $1.1 Million” from The New York Times

“Pad Thai, Spring Rolls and a Side of Peacock? Why Streamers Are Teaming Up With Delivery Apps” from The Hollywood Reporter

“Should cars still have AM radios? Congress might require them.” from Marketplace

Got a question for the hosts about the election, Trump’s next presidency and the U.S. economy? Email us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Your post-election thoughts and feelings Nov 07, 2024

Show notes

Today we’re handing the microphone over to our listeners to tell us how they’re reacting to the outcome of this week’s presidential election. We’ll hear their concerns about the future of transgender health care, the long-term economic impact of a second Trump presidency and why — even though it can be daunting — we can all make change if we start in our local communities. Plus, is this our Brexit moment?

Here’s everything we talked about today:

“Want to protect our democracy? Start here!” from our episode with lawyer and author Emily Amick

“For trans people reliant on federal programs, this election could change everything” from 19th News

“How to get your elected officials to listen to you” from Vox

“5 ways Trump’s next presidency could affect the U.S. economy — and your money” from CBS News

Got a question for the hosts about the election, Trump’s next presidency and the U.S. economy? Email us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

How Trump won working class voters Nov 06, 2024

Show notes

The Democratic Party has traditionally been pro-union and relied on the support of the working class. But the results of yesterday’s election show the tide may be turning. We’ll get into how President-elect Trump enamored these voters to win another term in the White House and how we can expect a new Trump administration to shake up the economy and defy democratic norms. Plus, we’ll talk about some of the trailblazers elected to Congress and state offices.

Here’s everything we talked about today:

“Who is Bernie Moreno, Ohio’s new GOP senator-elect and crypto champion?” from The Washington Post

“Sarah McBride becomes the first out transgender person elected to Congress” from NBC News

“How markets are responding to the prospect of another Trump presidency” from Marketplace

“Black women notch historic Senate wins in an election year defined by potential firsts” from AP News

“Meet the history-makers of the 2024 elections” from CNN Politics

“How could the return of Trump-era ‘Schedule F’ job appointments reshape the federal workforce?” from Marketplace

“Donald Trump Has Tools to Fire Powerful Financial Regulator in Term Two” from Bloomberg

Send us all your thoughts, feelings and questions about the election. You can email us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

The rise of election betting Nov 06, 2024

Show notes

Today we’re talking about a breakout story of this election cycle: the rise of prediction markets and betting on elections. For the first time in a century, Americans can legally place bets on election outcomes using a platform called Kalshi. But the Commodity Futures Trading Commission warns that these markets could warp the public’s understanding of our elections if they’re treated like polls. On this Election Day episode, Cantrell Dumas of Better Markets, a financial reform advocacy group, explains how Americans are dabbling in election betting, the legal questions surrounding these prediction markets, and why he believes manipulation of these markets has the potential to sway elections.

Then, we’ll dig into the history of the “I Voted” sticker and hear a perfect poem for Election Day. Plus, a listener shares what moving abroad taught them about the U.S. voting system.

Here’s everything we talked about today:

“Election betting is newly legal — and risks getting confused with polls” from NBC News

“Exclusive: Election betting site Polymarket gives Trump a 67% chance of winning but is rife with fake ‘wash’ trading, researchers say” from Fortune Crypto

“Cryptoverse: U.S. election speculators play the prediction markets” from Reuters

“Wall Street regulator moves to ban election betting, escalating fight over new market” from Politico

“The Case for Legalizing Political Betting” from the Cato Institute

“How ‘I Voted’ Stickers Became an Election Day Staple” from Business Insider

We want to hear your answer to the Make Me Smart question. Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.

The blue vs. red economy Nov 05, 2024

Show notes

Live near a yoga studio? What about a golf course? Americans may experience the economy differently based on the politics of the neighborhoods they live in. We’ll dig into new data on the relationship between political affiliation and the businesses around us. Then, we’ll talk about a new revelation in the lawsuit against Elon Musk over his controversial $1 million-a-day voter sweepstakes. Plus, on this Election Day eve, we’re smiling about early turnout.

Here’s everything we talked about today:

“Musk PAC tells Philadelphia judge the $1 million sweepstakes winners are not chosen by chance” from The Associated Press

“How Red and Blue America Shop, Eat and Live” from The New York Times

“4 charts show how early voting is going in the US” from CNN

We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Election Day and costly courtroom showdowns Nov 02, 2024

Show notes

Campaigns for both Vice President Kamala Harris and former President Donald Trump are trying to get ahead of the curve on election legal battles. According to The Hill, there are already over 200 voting and election cases pending across the country. We’ll get into it. Then, we’ll explain how Trump’s recent battles with CBS and ABC could signal his intention to punish broadcasters if reelected. And, how do you feel about rolling back our clocks as daylight saving time ends? That and more in a round of Half Full/Half Empty.

Here’s everything we talked about today:

“How Trump could weaponize the FCC against the media in a second term” from The Washington Post

“Trump, Harris camps prepare to ‘go to the mattress’ in election legal battles” from The Hill

“You Call That An Ad Blackout? Consultants Shrug Off Alphabet’s Post-Election Restrictions” from Campaigns & Elections

We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Some not-so-scary news for the Fed Oct 31, 2024

Show notes

This Halloween, we’re looking at some new inflation data that’s got the Federal Reserve in good spirits. Its preferred inflation measure shows inflation fell to 2.1% last month, moving ever-so-closer to the Fed’s 2% target. We’ll get into why core inflation complicates the Fed’s good news. And, we’ll unpack why some Meta investors were spooked when CEO Mark Zuckerberg said the company will amp up its artificial intelligence spending. Plus, Starbucks is getting a brand makeover, and the Los Angeles Dodgers pulled off a World Series win.

Here’s everything we talked about today:

“Meta posts Q3 earnings beat, but stock falls on heavy spending plans” from Yahoo Finance

“What Today’s Inflation Data Will Mean for Next Week’s Fed Meeting” from CNBC

“Inflation Cooled Further in September, PCE Index Shows” from The New York Times

“7 ways Starbucks CEO Brian Niccol plans to change the coffee chain” from NBC Chicago

“Los Angeles Dodgers defeat New York Yankees in five games to win World Series” from NBC News

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

Is Big Tech’s investment in AI paying off? Oct 30, 2024

Show notes

Tech companies like Google and Meta have been pouring billions into artificial intelligence. But investors have been waiting for those investments to pay off. We’ll get into what the latest earnings report from Google’s parent company signals about AI’s money-making potential. And, American companies are responding to former President Trump’s tariff promises by preparing to raise prices. Plus, guest host Matt Levin makes us smile about the Los Angeles Dodgers’ World Series run.

Here’s everything we talked about today:

“Companies ready price hikes to offset Trump’s global tariff plans” from The New York Times

“More than a quarter of new code at Google is generated by AI” from The Verge

“Google’s Cloud Business Powers Accelerating Revenue Growth” from The Wall Street Journal

“World Series: Ice Cube performs ‘It Was a Good Day’ ahead of Yankees vs. Dodgers Game 2” from Fox Sports

We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Live from Boston, Part 2: Heather Cox Richardson Oct 29, 2024

Show notes

Today we’re sharing an excerpt from our live show at WBUR CitySpace in Boston featuring our special guest, historian Heather Cox Richardson. (Check out the first part of our live show here.) Richardson, a professor at Boston College, talked with us about the high stakes of this year’s election, how the economy is woven into political narratives, and what we can do to protect the health of our democracy. Plus, she shares what she had wrong about hummingbirds.

Where should “Make Me Smart” go next? Let us know at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

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