Money Talking
300 episodes - English - Latest episode: almost 5 years ago - ★★★★ - 87 ratingsGo beyond the headlines and economic jargon for a look at what’s happening in the business world and in the workplace – and why it matters in your life.
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Episodes
One Man’s $100 Billion Vision for the Future
January 11, 2019 17:00 - 7 minutes - 7.06 MBSoftBank CEO Masayoshi Son has a bold vision for the future. Are we ready for it?
One Man’s $100 Billion Vision for the Future
January 11, 2019 17:00 - 7 minutes - 7 MBTech companies are rapidly shaping our lives — often in ways we do not even realize. Artificial intelligence and automation are transforming sectors from manufacturing to transportation to real estate. One of the people creating that future is Masayoshi Son, the founder and CEO of the Japanese conglomerate SoftBank. In 2016, through the company, Son launched the $100 billion Vision Fund. According to a report from Bloomberg, that was greater than the entire US venture capital industry in 20...
Wall Street’s Automated Turmoil
January 04, 2019 17:00 - 7 minutes - 6.74 MBAfter reaching records highs last year, the stock market went south in the final months of 2018. In the end, it was the worst year for markets since the 2008 crisis and the worst December since 1931. And the tumult is carrying over into the first week of trading in 2019. What exactly is causing the turmoil? The government shutdown, rising interest rates, and unresolved trade tensions are all contributing to the ups and downs, but one reason for the triple point drops might have to do wit...
Wall Street’s Automated Turmoil
January 04, 2019 17:00 - 7 minutes - 6.8 MBCan automated trading be blamed for Wall Street's wild swings?
Malaysian '1MDB' Scandal And Goldman Sachs
December 21, 2018 17:00 - 7 minutes - 7.07 MBThe New York bank has been criminally charged by Malaysian prosecutors for its involvement in the disappearance of billions of dollars from an investment fund.
Malaysian '1MDB' Scandal And Goldman Sachs
December 21, 2018 17:00 - 7 minutes - 7 MBOn the other side of the globe, a corruption scandal has been rocking Malaysia for years involving a multi-billion government fund from which billions of dollars have gone missing. The fund, known as 1Malaysia Development Berhad, or 1MDB, was supposed to fund government-backed infrastructure projects, but investigators say it was instead used for the personal benefits of individuals, including the country's previous prime minister, Najib Razak. The money was allegedly used to buy a number o...
Monopolies, Tech, and 'The Curse of Bigness'
December 14, 2018 17:00 - 7 minutes - 6.87 MBIt's a been a tough couple of years for technology companies. Facebook, Google, Twitter and others have faced criticism on many fronts, from accusations of bias to privacy concerns. Leaders of these companies have been called before Congress to testify about their businesses, most recently this week, when Google's CEO Sundar Pichai answered questions from members of the House Judiciary Committee. Underlying those concerns is the realization that tech companies have become so big, powerful a...
Monopolies, Tech, and 'The Curse of Bigness'
December 14, 2018 17:00 - 7 minutes - 6.92 MBIn 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?)
December 07, 2018 17:00 - 7 minutes - 6.76 MBLast week's clash between U.S. law enforcement and Central American migrants along the border with Mexico took place thousands of miles from New York. But the controversy surrounding the conflict found its way to New York City through an unlikely place: the Whitney Museum. Two days after the event, the arts news site Hyperallergic reported that Warren B. Kanders, one of the museum’s top board members, owns Safariland, the company that made the tear gas used on the border. In response to th...
Money and Art (But Whose Money?)
December 07, 2018 17:00 - 7 minutes - 6.81 MBA 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
November 30, 2018 17:00 - 7 minutes - 7.11 MBThis weekend, President Trump will be in Argentina for a G20 summit which will include a dinner with Chinese President Xi Jinping. The meeting comes after months of escalating tariffs on Chinese goods imported to the U.S. But that simmering trade fight may come to a truce — or at least, a pause — as the president is reportedly feeling concerned about the long-term state of the U.S. economy. Though the American economy is generally strong, the stock market has had a rough few weeks and the ...
Trump Talks Trade With China at G20
November 30, 2018 17:00 - 7 minutes - 7.16 MBThe 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?
November 16, 2018 17:00 - 7 minutes - 7.24 MBThe city and state have made up to $3 billion in tax credits, abatements and cash grants available to the online giant.
Is New York's Deal With Amazon Worth the Money?
November 16, 2018 17:00 - 7 minutes - 7.19 MBIt's the talk of the towns. After a 14-month search, Amazon says it will have two new East Coast headquarters: one in Arlington, Virginia and the other in New York City. In each city, the company says it expects to create 25,000 jobs. But the expansion comes with a hefty price tag. In New York, the company has options to receive up to $3 billion in tax credits, abatements and capital grants from the city and state in return for building a new complex in Long Island City, Queens. These ince...
What a Blue House Does to Trump’s Economy
November 09, 2018 17:00 - 7 minutes - 7.17 MBThis Tuesday's election didn't quite end with the big, blue wave Democrats might have hoped for. But the flip from red to blue in the House of Representatives will change the political landscape and could affect fiscal policies. From financial regulations to trade to consumer protections to infrastructure spending — they’re all issues Democrats have been wanting to tackle following changes put in place by the Trump administration over the past two years. For example, California representati...
What a Blue House Does to Trump’s Economy
November 09, 2018 17:00 - 7 minutes - 7.22 MBDemocrats 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
November 02, 2018 16:00 - 7 minutes - 7.19 MBWithin a hectic news cycle ahead of the midterm elections, a big story has emerged from Wall Street: October has turned out to be one of the worst months for the U.S. markets since the financial crisis ten years ago. Stocks plummeted and most of the gains of 2018 have been erased in a few short weeks. That all happened in the immediate run-up to Election Day. Knowing that people tend to vote their pocketbooks, how will a turbulent time on Wall Street play out in the voting booth? And should...
Wall Street's October Surprise
November 02, 2018 16:00 - 7 minutes - 7.25 MBWill a month of turbulent markets and huge losses affect voters ahead of the midterm elections?
Alternative to the Almighty Dollar?
October 26, 2018 16:00 - 8 minutes - 7.72 MBFor decades, the American dollar has been the international currency of choice for investors, for markets and even for other governments: Saudi oil, gold from China —it's all traded in dollars. But some recent developments indicate that the long-running supremacy of the dollar isn’t guaranteed. According to a new report from Bloomberg Businessweek, China is challenging the dollar with a crude oil futures contract denominated in yuan, Russia cut its holdings in U.S. currency and, most signif...
Alternative to the Almighty Dollar?
October 26, 2018 16:00 - 8 minutes - 7.78 MBThe 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
October 19, 2018 16:00 - 7 minutes - 7.08 MBThe disappearance of Washington Post contributor Jamal Khashoggi after visiting an embassy of Saudi Arabia in Turkey has brought renewed attention to what’s been true for years: the United States — and its president — has an important, and extremely complicated, relationship with Saudi Arabia. In recent years, U.S. businesses have developed even deep connections to the Middle Eastern country. Now, in the aftermath of Khashoggi’s disappearance, CEOs of some of the largest financial firms hav...
Tangled Relations: Saudi Arabia, Trump and U.S. Businesses
October 19, 2018 16:00 - 7 minutes - 7.13 MBAfter 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?
October 12, 2018 16:00 - 7 minutes - 7.1 MBBy the end of this year, Amazon says it will choose the city where it will build the company's second North American headquarters. Since it announced the project, cities across the country have jumped at the chance to host the mega-office. Now, Amazon has whittled the list of contenders down to 20, including New York City and Newark, N.J. The campus, wherever it lands, will be a big prize. Amazon says it will bring 50,000 employees earning high median incomes in addition to $5 billion in i...
Cities Want Amazon. But Is HQ2 a Good Deal?
October 12, 2018 16:00 - 7 minutes - 7.15 MBThe 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
October 05, 2018 16:00 - 7 minutes - 7.05 MBNearly 20 years ago, Donald Trump famously told Fortune magazine that he could run for president and make money doing it. "It’s very possible that I could be the first presidential candidate to run and make money on it," he said in the 2000 interview. But now that he's president, the story is looking a bit different. A report from Forbes magazine this week concluded that the presidency has not enriched Trump overall: Measuring Trump's net worth before he announced his run for the presidenc...
The Cost of the Office? Trump's Billion-Dollar Loss
October 05, 2018 16:00 - 7 minutes - 7.1 MBA 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
September 28, 2018 16:00 - 7 minutes - 6.83 MBIn 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.
Modernizing the Music Business for the Streaming Era
September 28, 2018 16:00 - 7 minutes - 6.77 MBAmid an atmosphere of intense political partisanship, a rare and remarkable thing happened in Washington this week: Both parties came together to solve a problem — in this instance, in the music world. With music streaming on the rise, lawmakers hammered out legislation that will update copyright laws and create a new licensing system for streaming services in an effort to bring the music business into the 21st Century. The legislation, known as the Music Modernization Act, (renamed the Hat...
The Case for ‘Medicare for All’
September 21, 2018 16:00 - 7 minutes - 7.06 MBThis election season, many leading Democrats have come out in favor of "Medicare for All," the single-payer health care plan from Vermont Senator Bernie Sanders. The bill, which two years ago hardly had any support, is now popular with about a third of the Senate Democratic caucus, including many rumored 2020 presidential candidates. It also got a big boost from the most famous Democrat of all: former president Barack Obama, who said recently "Democrats aren’t just running on good, old idea...
The Case for ‘Medicare for All’
September 21, 2018 16:00 - 7 minutes - 7.13 MBThis 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
September 14, 2018 16:00 - 7 minutes - 7.08 MBTen years after the start of the Great Recession, a new book looks at how American fracking is changing the global economy.
The Financial Crisis and the Boom in U.S. Oil Production
September 14, 2018 16:00 - 7 minutes - 7.02 MBThis week marks the 10-year anniversary of the collapse of Lehman Brothers on Sept. 15, 2008. It was an event that set off a downward spiral in the American markets and ultimately led to a global recession. Leading up to the anniversary, there’s been a lot of reflecting about what happened and what, if anything, has changed. There's also been a lot of analysis about how the recession had many unexpected responses, like the rise of the Tea Party movement, Occupy Wall Street and the increase ...
Congress Considers Reining in Big Tech
September 07, 2018 16:00 - 7 minutes - 6.97 MBFacebook and Twitter executives testify on Capitol Hill as lawmakers consider ways to regulate the companies. What, exactly, might they do?
Congress Considers Reining in Big Tech
September 07, 2018 16:00 - 7 minutes - 6.91 MBSilicon Valley is back in Washington, D.C. Executives from the two of nation's leading tech companies — CEO Jack Dorsey and Facebook’s COO Sheryl Sandberg — went to Congress this week to face questions from lawmakers about their efforts to prevent foreign influence in our elections and to respond to charges of bias against conservatives. It’s not the first time Congress has grilled tech executives in an attempt to untangle the effect of social media on democracy; Facebook founder Mark Zuck...
'Taking Tesla Private' Creates Public Mess
August 31, 2018 16:00 - 7 minutes - 6.91 MBC.E.O. Elon Musk may face serious consequences for a single tweet that sent investors and reporters scrambling.
'Taking Tesla Private' Creates Public Mess
August 31, 2018 16:00 - 7 minutes - 6.85 MBTesla’s CEO Elon Musk has had a rough year. His effort to get a relatively affordable electric car, the Model 3, to a mass market has been rocky. Profitability has been an ongoing issue. And his own sometimes bizarre behavior has gotten the attention of both gossip blogs and investors betting against the success of the company. Amid a tumultuous time for Tesla, Musk sent out a tweet that sent investors scrambling: He had a plan to take the company private, and funding to back it up. An upro...
Can a Bull Market Beat a Blue Wave?
August 24, 2018 16:00 - 7 minutes - 6.94 MBAhead of the midterm election, Republicans are hoping a strong economy will help them keep control of Congress. But will it be enough in November?
Can a Bull Market Beat a Blue Wave?
August 24, 2018 16:00 - 7 minutes - 6.88 MBFor a long time now, the economy has been doing quite well, thank you very much. Job growth is up, unemployment is near a 50-year low and the stock market has been on a bullish climb for more than 10 years — nearly the longest stretch in its history by some accounts. All that good economic news has the Trump administration pleased. The president’s economic advisor Larry Kudlow boasted that the White House’s policies — including protectionist tariffs, tax cuts and loosening of regulations — ...
The Crisis Before the Financial Crisis
August 17, 2018 16:00 - 8 minutes - 7.78 MBTen years ago, in September 2008, Lehman Brothers failed. It marked a decisive moment in the financial crisis, one where the U.S. economy plunged into what we now know as the Great Recession. With such a momentous anniversary approaching (September 15, if you want to mark your calendar), you can expect there'll be a slew of stories that look back at what happened and where things stand. But there’s another anniversary that’s not getting as much attention. Ten years before Lehman, in 1998, t...
The Crisis Before the Financial Crisis
August 17, 2018 16:00 - 8 minutes - 7.84 MBTen 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?
August 10, 2018 16:00 - 7 minutes - 7.06 MBIndra Nooyi, the CEO of PepsiCo, announced this week that she is stepping down after leading that company for 12 years. With her departure, that leaves 24 female CEOs at companies in the S&P 500 index, less than five percent. Earlier this year, during an interview with the podcast Freakonomics, Nooyi spoke about the challenges of getting and keeping women in top positions. "How are you going to attract women to the workforce, where we need them, but allow them to balance having a family…an...
Where are All the Female CEOs?
August 10, 2018 16:00 - 7 minutes - 7.12 MBWomen 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
August 03, 2018 16:00 - 7 minutes - 7.13 MBLegal 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 Big Business of Cannabis
August 03, 2018 16:00 - 7 minutes - 7.08 MBThis week, a new policy from Manhattan’s District Attorney Cyrus Vance went into effect. His office will no longer prosecute people for using marijuana (unless it's deemed public safety threat) or for possessing small amounts. "I believe it is more proportionate to the offense to have someone given a ticket to go pay a summons than to be arrested or to have a criminal record," he told WNYC News' Richard Hake. Vance is not alone. Across the country, politicians and prosecutors in more and m...
The Regulatory Rollback Carmakers Thought They Wanted
July 27, 2018 16:00 - 7 minutes - 7.11 MBSince his inauguration, President Donald Trump has been talking about boosting America's automobile industry. Specifically, he wants to roll back the stricter standards for carbon dioxide emissions that were placed on cars by the Obama Administration in 2010. The auto industry has been griping about the so-called CAFE standards ever since. Last year, the Alliance of Automobile Manufacturers, an industry group, wrote a letter to the Environmental Protection Agency which read “even under th...
The Regulatory Rollback Carmakers Thought They Wanted
July 27, 2018 16:00 - 7 minutes - 7.17 MBThe 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?
July 20, 2018 16:00 - 7 minutes - 7.16 MBJerome 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...
Can The Fed Stop a Trade War?
July 20, 2018 16:00 - 7 minutes - 7.1 MBJerome 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...
Deciding the Future of Healthcare
July 13, 2018 16:00 - 7 minutes - 7.18 MBThis 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.
Deciding the Future of Healthcare
July 13, 2018 16:00 - 7 minutes - 7.11 MBIf President Trump's nominee to the Supreme Court, Brett Kavanaugh, is approved, he will potentially be making decisions on some of the nation's most contentious issues. That includes topics like abortion, corporate regulation, and healthcare. The Obama-era Affordable Care Act has been at the center of partisan debate since it went into law, and reports swirl of rising premiums and plans that offer few benefits. With yet another challenge to the ACA working its way through courts in Texas,...