Money Talking

Subway’s franchisees allege corporate mismanagement Jul 19, 2019

The largest fast-food company in the world -- with about 24,000 stores -- was once known for its rapid expansion mindset. Now, Subway is closing stores faster than ever and pushing out franchise owners in the process.

In a recent report by the New York Times, franchisees across the country said that seemingly tiny violations, like cucumbers cut too thick and smudges on glass doors, have cost them their businesses. And when they try appeal to Subway's corporate leadership? They rarely get a response.

This week on Money Talking, guest host Ilya Marritz talks to Tiffany Hsu, a business reporter at the New York Times who co-reported the piece, about how Subway's efforts to scale back have impacted franchisees.

Is a New Space Race on the Horizon? Jul 12, 2019

Next week marks fifty years since Neil Armstrong took “one small step” on the moon’s surface. The Apollo 11 mission was an historic voyage, fulfilling President John F. Kennedy’s goal of reaching the moon by the end of the 1960s. More than half a billion people watched the astronauts live on television. But in the years that followed, America’s interest and commitment to space exploration largely disappeared.

Yet the country’s ambitions in space are far from over. In March of this year, Vice President Mike Pence expressed a renewed sense of urgency.

“Make no mistake about it — we're in a space race today, just as we were in the 1960s, and the stakes are even higher,” he told attendees at a meeting of the National Space Council in Alabama.

At the same meeting, Pence presented a new timeline for landing humans on the moon again: Within the next five years, four years sooner than the administration's initial timeline of 2028, leaving some to wonder if a new space race could be on the horizon.

This week on Money Talking, Charlie Herman talks to Tim Fernholz, a reporter at Quartz covering space and author of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Psace Race, about the latest chapter of space exploration.

From Wall Street to Walmart, Businesses Embrace Pride Jun 28, 2019

This weekend marks the 50th anniversary of the Stonewall Riots and the birth of the modern gay rights movement in this country. Over the intervening years as attitudes towards LGBTQ people have changed, corporate America has taken note. Whether it's McDonald's selling special-edition “Pride Fries” or Walmart’s (online) Pride Shop, companies have very publicly been displaying support for the community over the last few years.

It’s a dramatic shift from the days of Anita Bryant and Florida orange juice or companies like Wendy’s pulling their advertisements after Ellen came out on her sitcom. The greater acceptance of the LGBTQ community has presented an opportunity for businesses. While some take issue with companies commercializing this weekend's pride events, it’s hard to ignore how much mainstream businesses have embraced LGBTQ culture and consumers.

This week on Money Talking, Charlie Herman talks to Jim Ellis, assistant managing editor at Bloomberg Businessweek, about the business of pride past, present, and future.

Business Leaders Find A Friend in Trump Jun 21, 2019

How a little known group of business leaders is influencing the administration's policies on trade, business and the economy.

Murder! Scandal! Bankruptcy! The History of the Plaza Hotel Jun 14, 2019

Since its opening in 1907, the story of the hotel has been the story of New York: a history littered with colorful guests, financial uncertainty, and a controversial transformation.

The Debate Over Rent Regulations Jun 07, 2019

With just a few weeks left in the New York State legislative session, the future of rent regulations is still uncertain.

Trump Targets Huawei May 31, 2019

The president has effectively banned U.S. companies from doing business with the Chinese telecom giant. What it means for national security, trade, our phones, and more.

'Rabbit' Runs Away With Record Sales Price May 24, 2019

A three-foot tall, stainless steel rabbit by Jeff Koons set the art world abuzz after selling for a record $91.1 million at auction. What does it tell us about the economy?

Where Things Stand Between the U.S. and China Over Trade May 17, 2019

President Donald Trump has stymied hopes of a trade deal by raising tariffs on Chinese goods. In retaliation, China put additional tariffs on U.S. goods, causing the stock market to plunge that day. The Trump administration responded to that by taking steps to implement tariffs on even more Chinese products.

So, who’s winning the trade war?

Trump’s approach could signal a historic shift in U.S. policy which has largely encouraged free trade around the globe. The casualties of this fight could include American farmers, the Chinese companies, and the U.S. economy and consumers. But it might also lead to changes in how U.S. companies conduct business in China.

This week on Money Talking, POLITICO Chief Economic Correspondent Ben White talks to host Charlie Herman about how much these escalating tensions should concern us.

Hey, Big Spender: Presidential Candidates And The Race to Raise Money May 10, 2019

Recent financial reports filed by the 2020 presidential candidates show vastly different amounts of money raised in varying amounts from many different sources. Some candidates are focusing on small donors, others are turning to high-dollar bundlers and some are dipping into their own bank accounts.

For example, Senator Elizabeth Warren raised raised $6 million in three months for her campaign, while Joe Biden and Beto O’Rourke each raised that much in just a day. Yet with more than a year to go until the 2020 election, how much will the money they raise today matter in the long run?

This week on WNYC’s Money Talking, host Charlie Herman talks to CNN national political writer Fredreka Schouten and The Washington Post national political reporter Michelle Lee about the candidates’ funds so far and their chances in the long run.

Field of Presidential Dreams May 03, 2019

After months and months of speculation, former Vice President Joe Biden announced he’d be running for president in 2020. Already an early frontrunner, Biden joins a crowded field of potential Democratic nominees. There are now more than 20 candidates running, from policy wonk Elizabeth Warren to newcomer Pete Buttigieg to 2016 veteran Bernie Sanders.

The Iowa caucuses are nine months away and if everyone stays in the race, it could challenging for voters to keep track of where the candidates stand on critical policy issues like healthcare, taxes, and climate change.

This week on Money Talking, WNYC's Charlie Herman talks to Rick Newman, senior columnist for Yahoo Finance, about some of the fiscal policies being put forth by the Democratic contenders — and what they might mean for your pocketbook.

The Marvelization of Hollywood Apr 26, 2019

"Avengers: Endgame" is officially opened at movie theaters across the country. It’s the most highly-anticipated movie event of the year and is expected to set a new box office record. Iron Man, Captain America, Black Widow, and the whole Avengers crew are back to do battle with super villain Thanos after he wiped away half of the universe’s population with a single snap of his fingers in last year’s"Avengers: Infinity War."

The movie is the culmination of a groundbreaking superhero movie franchise that’s pushed out 22 films in 11 years, starting with the blockbuster "Iron Man" in 2008. With this movie, the so-called Marvel Cinematic Universe is expected to easily bring in more than $20 billion in global box office earnings. Love it or hate it, this franchise has become one of the most ambitious commercial endeavors in the history of Hollywood.

This week on Money Talking, Charlie Herman talks to Adam B. Vary, senior film reporter at BuzzFeed News, and Hunter Harris, associate editor at New York Magazine’s Vulture, about how the Marvel universe has changed the movie business.

Uber Maps Out Its Future Apr 19, 2019

Uber has taken its first steps to becoming a publicly traded company, following rival Lyft’s debut on the stock market last month. The initial filing from Uber reveals even more extensive details about the company's revenue, ridership and potential roadblocks.

The good? Ridership is up and Uber is expanding its food delivery service. The bad? The rid-hailing company is losing huge sums of money and faces steep competition.

This week on WNYC’s Money Talking, Charlie Herman talks to Aaron Elstein, Senior Reporter for Finance at Crain's New York Business and Maureen Farrell, IPO and markets reporter for the Wall Street Journal, about the latest information about Uber and what is says about the future of tech and driving.

Uncovering The Secrets of the Consulting Firm McKinsey Apr 12, 2019

Much of the way influential consulting firm McKinsey & Co. operates is shrouded in secrecy. But recent reporting by the New York Times has revealed some of the company’s secrets, including its involvement with controversial companies like Purdue Pharma, the maker of OxyContin, as well as foreign leaders and governments in Saudi Arabia and South Africa. Additional stories have focused on the firm’s hedge fund MIO and alleged failures to make required financial disclosures.

McKinsey has defended its work around the world. In a statement, the firm told the Times that “since 1926, McKinsey has sought to make a positive difference to the businesses and communities in which our people live and work.”

This week on Money Talking, Charlie Herman talks with New York Times investigative editor Walt Bogdanich and investigative reporter Mike Forsythe about their reporting on the often hidden world of McKinsey and why it matters.

Paying to Drive in Manhattan Apr 05, 2019

New York City just became the first city in the country to implement congestion pricing. As part of the effort to ease traffic and raise money to fix public transportation, drivers entering Manhattan below 60th Street could pay between $10 and $15 per day for cars and possibly double for trucks. But how the system will work technologically, who might be exempted from paying the fees and how much they will actually raise are details that have yet to be decided. Cities like London and Stockholm have already implemented congestion pricing, but with mixed results. This week on Money Talking, Charlie Hermanand WNYC transportation reporter Stephen Nessen talk about the ways congestion pricing will cost you, and how it might pay off.

Google's Advertising Monopoly Mar 29, 2019

Advertising has become a big business for Big Tech—and it keeps getting bigger. Google now controls a whopping 91 percent of the search advertising market.

The tech giant’s monopoly means it’s almost impossible for businesses not to advertise with Google. That’s especially true if you’re a company that exists entirely online, like the ride-sharing app Lyft, or mattress brand Tuft & Needle. Lyft, for example, spent 92 million dollars on ads placed with Google last year. As a recent article in Bloomberg notes, that’s about 10 percent of Lyft’s 2018 net loss.

And if a business decides not to advertise on Google, a competing brand might buy its keywords and place an ad against them. It’s an advertising Catch-22.

This week on Money Talking, Ilya Marritz speaks with Jake Swearingen, a contributor for New York Magazine’s Intelligencer, about how Google came to dominate search advertising—and what it means for businesses and consumers alike.

Deal or No Deal, Time’s Running Out for Brexit Mar 22, 2019

It’s been nearly three years since a majority of people in the United Kingdom voted to leave the European Union. One of the arguments made by many Brexit supporters was to “take back control.” Lately, however, the opposite has been true as the process spirals out of control.

Britain was on track to leave the E.U. one week from today, but a last minute reprieve has given British Prime Minister Theresa May a new deadline of April 12, to come up with deal.

No matter when or exactly how Brexit occurs, analysts expect there will be financial and economic consequences for the country. Already, the uncertainty has hurt businesses and overall economic growth.

This week on Money Talking, WNYC's Charlie Herman speaks with Eshe Nelson, economics and markets reporter at Quartz about the effects of Brexit on that nation's economy and its people.

Extreme Makeover: Hudson Yards Edition Mar 15, 2019

Hudson Yards is officially open to the public. What was once the site of warehouses, tenements, and rail yards is now home to the largest development in New York City since Rockefeller Center. From the initial idea to the opening this week, it’s taken nearly 20 years— and $25 billion — to create the sprawling 28-acre megaproject on the west side of Manhattan.

The new neighborhood features supertall glass towers, luxury apartments, a high-end retail and restaurant hub, and a climbable honeycomb-like structure called the Vessel. And this is just phase one. Debuting in April, a new arts center called The Shed will be home to art galleries, concerts, and theater performances. There are also plans to build more public space, housing, and and even a new school. It’s a carefully-curated new neighborhood built from scratch.

This week on WNYC's Money Talking, Charlie Herman talks to Greg David, columnist at Crain’s New York Business, about the long road to the new Hudson Yards.

Trump and Tariffs: Was it Worth The Fight? Mar 08, 2019

It’s been about eight months since President Trump launched a trade war with China, and it looks like we might be approaching an agreement between the two nations.

Trump says that trade relationship with China has been unfair to the U.S. To force a change, he’s put in place punishing tariffs on Chinese goods to gain leverage. But that’s also punishing some in the U.S., like farmers, automakers manufacturers and even some consumers.

If the deal is made, the big question will be, was it all worth it? On this episode of Money Talking, Charlie Herman talks with Rick Newman, senior columnist for Yahoo Finance, about how the impact of the trade war and what, if anything, the deal will change.

Tax Season Shocker Mar 01, 2019

If you're depending on a tax refund this year to pay loans, make a down payment on a car or take a vacation, you might be out of luck.

According to the IRS, average refunds have been lower compared last year. If the trend continues, many Americans will end up with a smaller refund or worse — they may owe the government. Residents in high-tax states, like New York and New Jersey could see a bigger swing because President Trump's tax code overhaul capped deductions for state and local taxes.

But it doesn't mean people paid more taxes overall. The amount the IRS withheld from each paycheck was lower, so many people had a little more money each time they got paid. But it's a big change for those Americans who've become accustomed to pocketing some extra cash during tax season.

On this episode of Money Talking, Charlie Herman talks to Heather Long, economics correspondent for The Washington Post, about why this is happening and the political consequences it might have.

Foreign Policy, Private Profits and Nuclear Technology in Saudi Arabia Feb 22, 2019

This week, a report from the House Oversight Committee revealed that officials in the Trump administration pursued a plan to export nuclear technology to Saudi Arabia in order to build nuclear power plants.

The report from House Democrats says the deal gained momentum during President Trump’s first days in office with help from then-national security adviser Michael Flynn. The efforts continued, despite warnings from ethics officials and staff at the National Security Council.

Behind the proposal was IP3, a company of former US generals that could benefit financially if the plan moved forward.

This week on Money Talking, Charlie Herman talks with Isaac Arnsdorf, a reporter at ProPublica, who's been following the story for more than a year about where the plan stands today and what it could mean for Saudi Arabia and the Middle East.

The Fight for 5G Feb 08, 2019

5G is coming to a wireless network near you. But what exactly is it? And what has to happen before it completely replaces 4G?

What’s in Store for Sears Feb 01, 2019

The rise and fall of a retail giant.

The Future of (We)Work Jan 25, 2019

WeWork has big ambitions, but does anyone really know what it is?

No Soft Landing for a 'Hard Brexit' Jan 18, 2019

The battle over Brexit is getting more dire. What's holding everything up, and what are the implications?

One Man’s $100 Billion Vision for the Future Jan 11, 2019

SoftBank CEO Masayoshi Son has a bold vision for the future. Are we ready for it?

Wall Street’s Automated Turmoil Jan 04, 2019

Can automated trading be blamed for Wall Street's wild swings?

Malaysian '1MDB' Scandal And Goldman Sachs Dec 21, 2018

The New York bank has been criminally charged by Malaysian prosecutors for its involvement in the disappearance of billions of dollars from an investment fund.

Monopolies, Tech, and 'The Curse of Bigness' Dec 14, 2018

In his new book, technology law expert Tim Wu argues the biggest companies, like Facebook and Google, are dangerously large, and that's bad for business and democracy.

Money and Art (But Whose Money?) Dec 07, 2018

A board member at the Whitney Museum and his ties to the recent clash at the U.S.-Mexico border raise questions about the role of money, donors and funding for the arts.

Trump Talks Trade With China at G20 Nov 30, 2018

The president will meet with China's leader in Argentina this weekend. What will it mean for trade between the two countries?

Is New York's Deal With Amazon Worth the Money? Nov 16, 2018

The city and state have made up to $3 billion in tax credits, abatements and cash grants available to the online giant.

What a Blue House Does to Trump’s Economy Nov 09, 2018

Democrats will now have control over powerful committees in the House, which could challenge the Trump administration's approach to banking, spending and trade.

Wall Street's October Surprise Nov 02, 2018

Will a month of turbulent markets and huge losses affect voters ahead of the midterm elections?

Alternative to the Almighty Dollar? Oct 26, 2018

The American dollar has ruled the global economy as the top currency for decades. Could a change be coming?

Tangled Relations: Saudi Arabia, Trump and U.S. Businesses Oct 19, 2018

After the disappearance of Washington Post contributor Jamal Khashoggi, U.S. ties to Saudi Arabia have come under increased scrutiny, including those of the President.

Cities Want Amazon. But Is HQ2 a Good Deal? Oct 12, 2018

The Seattle-based company has said it will decide on its second North American headquarters by year's end.

The Cost of the Office? Trump's Billion-Dollar Loss Oct 05, 2018

A new investigation by Forbes magazine finds the president's net worth has dropped significantly since he took office.

Modernizing the Music Business for the Streaming Era Sep 28, 2018

In a rare bipartisan move, the House and Senate unanimously pass the Music Modernization Act which will update copyright rules and create a new licensing system.

The Case for ‘Medicare for All’ Sep 21, 2018

This election season, more Democrats are backing a single-payer health care bill. But how realistic is the plan?

The Financial Crisis and the Boom in U.S. Oil Production Sep 14, 2018

Ten years after the start of the Great Recession, a new book looks at how American fracking is changing the global economy.

Congress Considers Reining in Big Tech Sep 07, 2018

Facebook and Twitter executives testify on Capitol Hill as lawmakers consider ways to regulate the companies. What, exactly, might they do?

'Taking Tesla Private' Creates Public Mess Aug 31, 2018

C.E.O. Elon Musk may face serious consequences for a single tweet that sent investors and reporters scrambling.

Can a Bull Market Beat a Blue Wave? Aug 24, 2018

Ahead of the midterm election, Republicans are hoping a strong economy will help them keep control of Congress. But will it be enough in November?

The Crisis Before the Financial Crisis Aug 17, 2018

Ten years before the 2008 financial crisis, there was another one: Long-Term Capital Management. The lessons not learned and why it matters today (hint, it involves Russia).

Where are All the Female CEOs? Aug 10, 2018

Women and men enter the workforce in equal numbers, but only less than five percent of the top 500 companies in the U.S. are led by women.

The Big Business of Cannabis Aug 03, 2018

Legal marijuana is already bringing in huge revenues, but hurdles exist as it's still illegal at the federal level. How the industry operates and who’s cashing in.

The Regulatory Rollback Carmakers Thought They Wanted Jul 27, 2018

The Trump administration is expected to announce a dramatic rollback of fuel economy standards for vehicles. What does it mean for carbon emissions, and why are automakers anxious?

Can The Fed Stop a Trade War? Jul 20, 2018

Jerome Powell has only been serving as Chairman of the Federal Reserve since February, but he's already having to contend with some unusual circumstances. This week, he appeared before Congress to speak about the state of the economy.

Lawmakers wanted to know what America’s top central banker thinks about President Trump's steadily escalating trade war. Since January, Trump has imposed or threatened to impose tariffs on 10,000 different products the U.S. imports from Mexico, Canada, Europe, and China. Those countries are retaliating with tariffs of their own.

Powell avoided commenting on Trump's tariffs, but did share the view of many economists on trade: "In general, countries that have remained open to trade that haven’t erected barriers including tariffs have grown faster, had higher incomes, had higher productivity and countries that have gone in more protectionist direction have done worse", said Powell. "I think that’s the empirical result."

This week on Money Talking, Ilya Marritz speaks to Neil Irwin of The New York Times on America’s growing protectionism, and how the Fed is preparing for it.

Deciding the Future of Healthcare Jul 13, 2018

This week Trump announced his nominee for Supreme Court and people are scrambling to figure out where he stands on the most important issues. One of those is healthcare. On this episode of Money Talking, the ever-changing future for the Affordable Care Act. How might Supreme Court nominee Brett Kavanaugh rule, even as the Trump administration continues to take steps that are slowly chipping away at the law.

A Sign of Future Recession Jul 06, 2018

The status of the "yield curve" — a historically accurate predictor of upcoming recession — is starting to worry Wall Street. What is it? We get answers.

Trump, Trade and Tariffs Jun 29, 2018

Amid the often confusing news about economic policies and trade, we break down how it's affecting prices, companies and American workers.

The Conflicts of Wilbur Ross Jun 22, 2018

The Commerce Secretary is at the center of the Trump administration’s talks on trade and tariffs. A new report reveals ties between foreign businesses and his personal fortune.

As Regulators Crack Down, Funds Roll in for Electric Scooters Jun 15, 2018

App-controlled, dockless scooters have swept the West Coast and raked in millions of dollars from investors. Where do they go next?

Game Over: The Collapse of Toys ‘R’ Us Jun 08, 2018

At one time, the retail giant used to rule the toy market. Now, it's bankrupt, liquidating stores and laying off workers. What happened?

Behind the 'Bad Blood' at Theranos Jun 01, 2018

A new book details how the Silicon Valley blood-testing company Theranos and its charismatic founder Elizabeth Holmes had an irresistible pitch, but no technology to back it up.

How Trump's Economic Policies Are Playing Out May 25, 2018

From small farms to car factories, the president's economic policies are having an effect. How will they influence voters during the primary season?

Bet on It: Sports World Gears Up for Gambling May 18, 2018

Following the Supreme Court's decision to strike down a federal ban on betting, how will the business of sports change — and expand?

The 'King of Debt' Bought in All Cash. Why? May 11, 2018

Donald Trump once boasted he makes deals with other people's money. But a new report shows his company made a slew of all-cash deals in the run-up to the presidential election.

Buyer Beware: Life After the Fiduciary Rule May 04, 2018

The Trump administration is allowing an investor protection rule from the Obama era to lapse. What's next?

Getting Uber Back on Track Apr 27, 2018

Can new C.E.O Dara Khosrowshahi correct the course of the embattled ride-share company?

#MeToo and Wall Street’s ‘Black Hole’ Apr 20, 2018

An investigation into sexual harassment cases handled by the body that oversees workplace misconduct of securities brokers found a troubling track record.

Are ‘Rocket Billionaires’ the New NASA? Apr 13, 2018

Elon Musk's SpaceX launched his red Tesla Roadster into space. But it was more than just a stunt. The big deal about the "new space race."

Sinclair Seeks to Expand as ‘False News’ Script Raises Eyebrows Apr 06, 2018

It owns nearly 200 local television stations and wants to buy even more. That could get complicated after the company mandated local anchors read a statement against "fake news."

Will It Get Worse For Big Tech? Mar 30, 2018

The 'FAANGs" — Facebook, Amazon, Apple, Netflix and Google — have been investor darlings for years. But amid bad news, the sector has been taking a dive. Are new regulations next?

‘The Low Road’ of America’s Free Market Capitalism Mar 23, 2018

A new play at the Public Theater explores Adam Smith's "invisible hand" and the dark side of laissez-faire capitalism. Trust us, it's a comedy! An interview with the play's author, Bruce Norris.

Trump DOJ Gears Up to Fight AT&T and Time Warner Merger Mar 16, 2018

The Department of Justice under President Trump is fighting the $85 billion deal with a lawsuit citing threats to competition and higher prices. The trial is set to begin next week.

Trade Wars: Return of the Tariffs Mar 09, 2018

Trade Wars: Return of the Tariffs

Spotify to Go Public on Its Own Terms Mar 02, 2018

The company is growing and signing up more listeners, but Spotify is still losing money. Now, it's planning to go public. What does it mean for artists, the industry and listeners?

Should CEOs Weigh in on the Gun Debate? Feb 23, 2018

In some instances, corporate executives feel compelled to get involved in hot-button political issues. Could gun control be next?

Reversing Course on Consumer Protection Agency Feb 16, 2018

Big changes are coming to the Consumer Financial Protection Bureau, under interim head Mick Mulvaney. He once called the agency a "sick, sad" joke.

The Many Questions of ‘Trump Inc.’ Feb 09, 2018

Where is the line between the Trump White House and the Trump presidency?

‘Hedge Fund King’ Steven Cohen Gets Back to Business Feb 02, 2018

With an insider trading scandal behind him, Steven Cohen is looking to return to the hedge fund world and work with clients again. What does his return say about Wall Street today?

Trump on Trade: Go Global, or Go it Alone? Jan 26, 2018

President Trump's appearance at the World Economic Forum in Davos, Switzerland will set the tone for an important year in global trade decisions for the U.S.

New Tax Plan: It's Good to Be a Banker Jan 19, 2018

This year, some banks expect to pay an effective tax rate of less than 20 percent under the recently passed Republican tax plan, down from 35 percent.

Facing a Federal Government Shutdown. Again. Jan 12, 2018

With partisanship running high in Congress, will lawmakers pass a final budget before short-term funding expires on January 19? Or will they punt the issue to a later date?

What You Should Know About Bitcoin and Other Digital Currencies Jan 05, 2018

They're setting record prices and getting a lot of scrutiny. So is now the time you should start paying more attention? New York Times digital currency writer Nathanial Popper explains.

Months Later, Puerto Rico Still Struggling Dec 22, 2017

The Republican tax bill could make the recovery on the island even more challenging.

Congress on Track to Pass GOP Tax Bill Dec 15, 2017

House and Senate Republicans have reached a deal on a major tax bill, and are expecting a final vote next week. What's at stake for taxpayers?

The Influence of Affluence Dec 08, 2017

After the 2008 recession, income inequality has only grown along with the obsession for money and status. "Generation Wealth" by Lauren Greenfield examines what it says our society.

Changing the Culture at Work to Prevent Sexual Harassment Dec 01, 2017

As more men are getting accused of sexual harassment, companies are scrambling to find effective prevention strategies.

Wall Street and the Republican Tax Plan Nov 17, 2017

The House passed the Republican tax reform bill and now it's up to the Senate to vote on its version. One industry that stands to benefit from both versions of tax reform: Wall Street.

The Power of 'Big Tech' Nov 10, 2017

Tech companies are under attack for their role in Russian political interference in the 2016 election. But it's bigger than that. Do these companies need more oversight?

When Debt Became King Nov 03, 2017

In his play, "Junk," Pulitzer Prize-winner Ayad Ahktar shows how influential the decisions made on Wall Street in the 1980s have been on modern finance.

The Sackler Family, Its Wealth and Opioids Oct 27, 2017

The Sacklers are one of the richest families in America. A significant part of that wealth comes from the family business, Purdue Pharma, maker of the painkiller, OxyContin.

Stock Market Crashes Happen. It’s Your Response That Matters Oct 20, 2017

Thirty years ago, the Dow Jones fell more than 22%, the worst one-day percentage drop in history. What lessons can we learn about investing today?

Lessons Learned (and Forgotten) After the 1987 Stock Market Crash Oct 19, 2017

Today is the 30th anniversary of "Black Monday," the worst percentage drop in the history of the Dow Jones. What the response says about today’s financial system.

When Good Ideas Go Bad on Wall Street Oct 18, 2017

This week marks the 30th anniversary of "Black Monday," one of the worst days in Wall Street history. What caused the crash and could it happen again?

Remembering Black Monday, a Day of “Utter Devastation” on Wall Street Oct 17, 2017

This week marks the 30th anniversary of "Black Monday," one of the worst days in Wall Street history. What was it like on October 19, 1987, and what does it tell us about today?

Alexa, What City Will Be Home to Amazon’s Second HQ? Oct 13, 2017

Business leaders and government officials are tripping over themselves trying to convince Amazon to locate their newest headquarters in their cities.

Taking Trump Seriously, Not Literally on Puerto Rico Oct 06, 2017

Hurricane Maria left Puerto Ricans without water, power and food. But even before the storm, residents were struggling with more than $70 billion in debt. How will the recovery proceed?

Worst Kept Secret in College Basketball? Sep 29, 2017

This week, federal prosecutors hit the world of college basketball with allegations of bribery, corruption and fraud. Is this just the tip of the iceberg?

Hey Facebook, You've Got Some Explaining to Do Sep 22, 2017

Facebook is under fire for selling ads to entities connected to Russia. It's not the only issue confronting the company. How will users, politicians and Mark Zuckerberg react?

It Is a Far, Far Better Economy Sep 15, 2017

Mayor Bill de Blasio came to office pledging to fight the "Tale of Two Cities" inequality of New York City. Over the past four years, the economy is doing better. Can he take credit?

Eight Months In, What Trump Has Been (Un)Doing Sep 08, 2017

The President has been criticized by some for not fulfilling his agenda, but he has been busy, at least when it comes to reversing the actions of previous presidents.

Goodbye Diners, Hello Avocado Bars Sep 01, 2017

Every time a restaurant closes, another one opens. Or so it might seem. So, is the industry thriving or struggling?

On to the Next One. Trump’s New Focus: Tax Reform Aug 25, 2017

Since the spring, the Trump administration has made big promises to reform the tax code. As some of the proposals are disclosed, who will benefit and how will it be paid for?

Big Business Walks Away from the President — Sort of Aug 18, 2017

President Trump has disbanded his CEO advisory councils, but many former execs are still part of an administration that's been mostly friendly to big business.

Student Debt: Paralyzing Lives One Student at a Time Aug 11, 2017

More college students are taking on more debt, and paying it all off will impact their lives, and the U.S. economy, for years to come. What are the solutions?

What's Next for Trump and Congress Aug 04, 2017

After the failure by Republicans to replace or repeal Obamacare, they're moving quickly to score a political win, and they're focusing on overhauling the nation's tax code by November. There's a lot do in a little amount of time, and even Trump's legislative director has admitted it's an aggressive schedule.

But that is just one of many items on Congress' to do list that includes must several must-pass pieces of legislation like funding the government and raising the debt ceiling.

This week on Money Talking, host Charlie Herman reviews what's head and what's at stake with Catherine Rampell, opinion writer with the Washington Post, and Rick Newman, columnist with Yahoo Finance.

Follow the (Russian) Money Jul 28, 2017

How details about the investigations into Russia’s interference in the U.S. presidential election suggest financial motives as well as political ones.

Ivanka Trump: Made in Asia Jul 21, 2017

President Trump is looking to make good on his “America First” pledge by launching “Made in America” week. The plan is to bring manufacturing jobs back to the U.S. But what do his family's business practices say about what it would take to do that?

Martin ‘Pharma Bro’ Shkreli on Trial Jul 14, 2017

Martin Shkreli is often described as the “most hated man in America” for raising the price of a lifesaving drug by 5,000%. Now, he’s on trial for securities fraud. WNYC’s Money Talking looks at Shkreli’s case and what it says about the prosecution of white collar crimes.

Trump Tariffs and Trade Wars Jul 07, 2017

As President Trump sits down with global leaders this week, he’s also reportedly considering slapping a tariff on steel imported into the US. Could this spark a global trade war?

For Now, Obamacare Is Here to Stay Jun 30, 2017

Republicans are united in their opposition to Obamacare, yet they're finding it difficult to repeal and replace the law. So what happens if Obamacare is here to stay?

The Bumpy Road Ahead for Uber Jun 23, 2017

Travis Kalanick’s resignation this week as CEO of Uber marks the end of one tumultuous ride for the company. What's next for the app that dreamed of changing the face of transportation?

Rolling Back Bank Regulations Jun 16, 2017

The Trump administration is proposing to revise and change financial regulations put in place after the Great Recession. House Republicans want to go even further.

Trump's Plan to Pay for Roads and Highways Jun 09, 2017

While FBI Director James Comey led the headlines this week, President Donald Trump spent his time promoting his infrastructure plan and how he'll pay for it with private investments.

The Financier, the Son-in-Law, and the Saudis Jun 02, 2017

Last month, the Trump administration secured a $110 million dollar agreement to sell weapons to Saudi Arabia. Around the same time, the CEO of Blackstone, Stephen Schwarzman secured a $20 billion investment from that country for his company’s new U.S. infrastructure fund. The blurry lines between business and government in the Trump administration.

The President, His Business Partner, and the Fundraiser May 26, 2017

What you find when you dig into the world of Donald Trump and Jared Kushner’s businesses, pension funds, and big-time political fundraisers.

Upfront About the Future of Network TV May 19, 2017

This week, executives from major TV networks are in New York to promote their shows to advertisers and the media. Its known as the "upfronts." Advertisers are expected to shell out billions, even as network TV ratings are falling. What's the future of broadcast TV?

The Decline of J. Crew, and Branded Fashion May 12, 2017

Like many retailers, J. Crew is fighting a mighty foe — the Internet.

Is France Heading for a Frexit? May 05, 2017

French citizens will chose between independent centrist Emmanuel Macron and far-right nationalist Marine Le Pen.

Trump Unveils Plan to Cut Taxes, Who Will Benefit? Apr 28, 2017

Many presidents before him have tried — and failed — to enact tax reform. For his plan to succeed, there's going to be negotiations.

Reviewing Trump's First 100 Days in Office Apr 21, 2017

Sure, it's an arbitrary number, but it's become a way to assess a new President's early successes, failures and leadership style. So, like Mayor Koch used to say, "How am I doin'?"

When Shopping Malls Become Ghost Towns Apr 14, 2017

What happens when giants like Macy’s, Sears and J.C. Penney close hundreds of shops, leaving empty shopping malls throughout the country.

Student Debt: Can't Live with It, Can't Go to School Without It Apr 07, 2017

With the deadline for high school seniors to pick a college approaching, students — and their parents — are considering how to pay for the financial burden of higher education.

Obamacare Is Here to Stay — Now What? Mar 31, 2017

While the attempt to repeal and replace Obamacare failed, legislators could still make it hard for the healthcare law to survive. What will that mean for the insured?

A Skyscraper, a Chinese Company and the Kushners Mar 24, 2017

Before becoming an advisor to President Trump, his son-in-law, Jared Kushner, made a name for himself in Manhattan real estate by purchasing a $1.8 billion skyscraper on Fifth Avenue. Now a Chinese company with possible connections to the Chinese government is reportedly considering investing in the building, now owned by Kushner’s family.

When in Doubt, Attack the Numbers Mar 17, 2017

The President and his supporters have been dismissing government statistics they disagree with, opening the doors for future attacks on independent agencies and their numbers.

Rising Stocks and the Trump Effect Mar 10, 2017

Wall Street seems unfazed by the issues that have surfaced in the Trump administration — but even as stocks reach record highs, should Americans brace for a drop?

Hating on Uber Mar 03, 2017

From claims of sexual harassment to allegations it stole self-driving technology, the company and its CEO are having a tough couple of months.

The Murky Future of Financial Regulations and Consumer Protections Feb 24, 2017

Many Republicans spent years fighting financial regulations put in place after the 2008 recession. Now that President Trump is in charge, they’re trying to roll back many of the rules.

Trump Tax Cuts on the Horizon Feb 17, 2017

With a repeal of Obamacare slowing down and a trillion dollar infrastructure plan up in the air, tax reform might the promise Donald Trump can make good on this year.

The Future of Net Neutrality Feb 10, 2017

There's a new boss at the FCC who might be taking a "less is more" approach to regulating telecoms. And that has many consumer advocates worried.

Should CEOs Play Politics Too? Feb 03, 2017

Two weeks into the Trump presidency and U.S. business leaders are already coming under fire for criticizing — and for staying silent —about the new administration's proposals. But, should they chime in?

While Trump Takes on Trade, Automation Goes Ignored Jan 27, 2017

The president is promising to help American workers by taking aim at international trade agreements — but rising technology may be a bigger threat.

What to Expect From Trump’s Economic Team Jan 20, 2017

With confirmation hearings nearing an end, a look at what they revealed about the men Donald Trump has picked to run the country’s finances.

The Economy Obama Leaves Behind Jan 13, 2017

A look at the economic successes and failures of the Obama Administration, eights years after inheriting one of the country's worst recessions.

Bumpy Road Ahead for Trump and the Federal Reserve Jan 06, 2017

The bank says there's "considerable uncertainty" figuring out how Trump's economic agenda will affect the economy. Is it headed for a possible collision with the new President?

The Year That Challenged Elites Dec 23, 2016

From Brexit to the soaring stock market, to the growing pains of Obamacare — here's a look at the some of the biggest business and economic trends of 2016, and what’s in store for 2017.

The State of American Jobs in the Age of Amazon Dec 09, 2016

The e-commerce giant unveiled plans for a self-service, brick and mortar grocery store, disrupting the retail world once again.

Whose Interests Will Trump’s Administration Represent? Dec 02, 2016

Whether it's reports that the Secret Service might rent office space from Trump Towers in Manhattan, or Donald Trump suing Washington, D.C. to lower taxes on his new hotel, the president-elect has a great deal of business conflicts to resolve before entering the White House.

But if Trump doesn't keep his promise to sever all business ties, he risks setting an ethically ambiguous tone for the rest of his administration.

With that in mind, Money Talking host Charlie Herman discusses whose interests some of Trump's appointees will represent with Jesse Eisinger of ProPublica and Rick Newman of Yahoo Finance.

Wall Street Swipes Right for Donald Trump Nov 18, 2016

During his presidential campaign, Donald Trump attacked Wall Street and in turn, Wall Street gave him little support. But now, bankers and financiers are warming up to the president-elect.

The First One Hundred Days of 'Trumponomics' Nov 11, 2016

President-elect Donald Trump is calling for swift action to enact his plans for growth. Since Congress is also controlled by Republicans, it could signal a busy start to 2017.

Ending regulations put in place by the Obama administration; reforming the tax code; investing in infrastructure projects; revising trade deals; appointing new members to the Federal Reserve; ending Obamacare; those are just some of the items on Trump's economic to-do list.

This week on Money Talking, Rana Foroohar, author of "Makers and Takers: The Rise of Finance & the Fall of American Business" and Rob Cox, global editor for Reuters Breaking Views, explain what "Trumponomics" might look like in the first 100 days of his administration — who wins, who loses and what it could mean for the American economy.

What Airbnb Could Learn from Uber Nov 04, 2016

Airbnb continues to butt heads with legislators in New York and is facing new restrictions. But Uber, which was also met with hostility at first, seems to be thriving.

Obamacare in Trouble…Again Oct 28, 2016

If you go by the latest headlines, it seems like the future of the Affordable Care Act could be in jeopardy. Are things that bad?

Talking Politics At Work Oct 27, 2016

It might be impossible to get through this seemingly eternal election cycle without bringing up politics at work. But is it really a good idea? Should you? And what do you do if you find out you disagree with your coworkers? Navigating this year's presidential election when it comes up at work.

What Clinton's Leaked Wall Street Speeches Reveal Oct 21, 2016

A look at what Clinton may have said to bankers and financiers behind closed doors.

What Exactly is in Clinton and Trump's Tax Plans? Oct 14, 2016

Because specifics can be hard to come by during debates or on the campaign trail, a closer look at what each candidate is proposing and how it could affect you.

Sssh! They’re Listening: The Fight to Be Your Digital Assistant Oct 07, 2016

Amazon's got Echo. Apple has Siri. Microsoft calls it Cortana. And Google has Assistant. They're all fighting to be a part of your life, on your phone and in your home.

The Trials and Tribulations of Wells Fargo Sep 30, 2016

The bank's CEO faced a second round of criticism on Capitol Hill, trying to explain why thousands of his former employees were accused of illegal banking practices.

The Fight to Regulate Airbnb Sep 23, 2016

Legislators across the country are trying to regulate companies like Airbnb, but a law passed 20 years ago is making it tough.

How to Be a 'Superboss' (or Hire Like One) Sep 22, 2016

The qualities of exceptional workplace leaders. Do you have them? How can you get them?

Wells Fargo, Banking Culture and What Could Be Next Sep 16, 2016

Another bank in the headlines, paying millions of dollars in fines to settle charges of illegal banking practices.

Where Lower Manhattan Stands, 15 Years Later Sep 09, 2016

Skyscrapers tower once again over Lower Manhattan and the neighborhood is thriving. Getting there, however, wasn't easy.

How to Pitch Your Great Idea Sep 08, 2016

Once you've finally come up with that brilliant idea, here's a way to get people excited about it.

State of the Union: Where Labor Goes from Here Sep 02, 2016

Union membership has been dwindling for decades, putting the future of organized labor into question and affecting the country's labor-force as a whole.

EpiPen Under Fire for High Price Aug 26, 2016

Wait? Why does this drug cost so much? The pharmaceutical company Mylan struggles to explain why the price of its anti-allergy shot has gone up hundreds of dollars in less than a decade.

Obamacare Faces New Hurdles Aug 19, 2016

Health insurers like Aetna are pulling out of a large number of health care exchanges because they can't front the losses, casting doubts about the future of the Affordable Care Act.

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected