WTF Just Happened Today?

Day 624: "Shortsighted."


Listen Later

1/ The World Trade Organization warned that the outlook for global trade next year has “darkened considerably” with “multiple shocks” – from higher energy and food prices to rising interest rates – curbing import demand. World trade is now expected grow 1.0% in 2023, compared with a previous forecast of 3.4%. (Bloomberg / Wall Street Journal / Reuters)

2/ A coalition of oil-producing nations led by Russia and Saudi Arabia agreed to cut oil production by 2 million barrels per day. It’s the biggest production cut in more than two years and represents about 2% of global oil production. The White House called the decision by OPEC+ “shortsighted” and “unnecessary.” In response, the U.S. said it would release 10 million barrels of oil from the Strategic Petroleum Reserve. Biden and European leaders had urged more oil production to ease gasoline prices caused by Russia’s invasion of Ukraine. Oil prices have fallen to roughly $80 a barrel from more than $120 in early June. The group, however, wants to keep crude above $90 a barrel. (New York Times / Washington Post / Bloomberg / Wall Street Journal / CNBC)

3/ U.S. mortgage rates jumped to a 16-year high. Mortgage rates have increased 1.30 percentage points in the past seven weeks, with average 30-year fixed mortgage now at 6.75% – the highest since 2007. Mortgage applications, meanwhile, fell 14.2%. (Bloomberg / CNBC)

4/ A federal appeals court granted the Justice Department’s request to expedite its challenge of the appointment of a special master to review the documents recovered by the FBI from Mar-a-Lago. Last week the Justice Department asked the Court of Appeals for the 11th Circuit to fast-track its appeal, saying its inability to access the non-classified documents was impeding their investigation. Trump, meanwhile, has publicly claimed that one reason that the FBI found boxes of classified documents at Mar-a-Lago was because federal workers were responsible for packing up the White House. A Freedom of Information Act request, however, revealed that Trump’s “transition team was responsible for putting the boxes on pallets and shrink-wrapping each pallet.” The General Services Administration was only involved in facilitating the shipping of the items. (Bloomberg /

...more
View all episodesView all episodes
Download on the App Store

WTF Just Happened Today?By Matt Kiser

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

448 ratings


More shows like WTF Just Happened Today?

View all
Amicus With Dahlia Lithwick | Law, justice, and the courts by Slate Podcasts

Amicus With Dahlia Lithwick | Law, justice, and the courts

3,478 Listeners

Explain It to Me by Vox

Explain It to Me

7,841 Listeners

The NPR Politics Podcast by NPR

The NPR Politics Podcast

25,717 Listeners

Slate News by Slate Podcasts

Slate News

5,655 Listeners

Pod Save America by Crooked Media

Pod Save America

86,163 Listeners

Sidebar by The Washington Post

Sidebar

4,530 Listeners

Lovett or Leave It by Crooked Media

Lovett or Leave It

25,087 Listeners

Up First from NPR by NPR

Up First from NPR

55,842 Listeners

Today, Explained by Vox

Today, Explained

10,080 Listeners

What Next | Daily News and Analysis by Slate Podcasts

What Next | Daily News and Analysis

2,400 Listeners

Post Reports by The Washington Post

Post Reports

5,412 Listeners

Strict Scrutiny by Crooked Media

Strict Scrutiny

5,572 Listeners

What A Day by Crooked Media

What A Day

12,175 Listeners

Offline with Jon Favreau by Crooked Media

Offline with Jon Favreau

2,209 Listeners

Assembly Required with Stacey Abrams by Crooked Media

Assembly Required with Stacey Abrams

1,500 Listeners