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After two days of trade talks in Washington and a high-level trip earlier this month, China and the United States have announced a truce in the simmering trade war, with U.S.-imposed tariffs on hold. We'll spend some time a the top of today's show recapping how we got here, what's settled and what's not. Then: We'll talk to the reporter who wrote the book on the failed blood-testing startup Theranos and the "scorched earth" tactics it took to cover up fraud. Plus: What you need to know about the new Supreme Court ruling that says employers can keep workers in private arbitration and out of class-action lawsuits.
We're talking NAFTA. We're also talking tariffs. And China. And trade deficits. Leigh Gallagher from Fortune Magazine and Dion Rabouin from Yahoo Finance join us for the Weekly Wrap to talk about the unforeseen consequences of U.S. trade policy and the latest on the 10-year Treasury note. Also on today's show, we get into the Trump administration's attempt to get China to buy more goods from the United States. Trump wants to lower the trade deficit with Beijing, but is buying more American goods going to solve the problem? We also take a look at apology ads. They're all the rage these days. Facebook, Uber and Wells Fargo have launched apology campaigns in the past several weeks in order to regain the trust of their customers. But does "I'm sorry" make for an effective ad?
We're just a couple days away from the royal wedding, and the fashion industry loves Meghan Markle. We'll look at her style and how it might change once she marries Prince Harry. But first, let's talk about the Newtonian law of global trade: For every policy action, there's an equal or opposite reaction. Japan could reportedly be taking the United States to the World Trade Organization over steel and aluminum tariffs, and we'll spend some time at the top of today's show exploring trade's many unintended consequences. Then: Birthrates have been on the decline for a while, and the latest numbers have kept up that trend. So if Americans aren't getting busy, what will happen to the labor force? Plus, hard times in a boom town and the Vatican on economics. (05/17/2018)
That's the name of Ken Langone's new book. He co-founded The Home Depot, and he's been around this economy for a while. We'll unpack that premise, but first we'll talk NAFTA renegotiations. Tomorrow's supposed to be the deadline, but it appears that deadline is malleable as the talks narrow in focus. Plus: the latest from a whole slew of earnings reports, including a big surprise from Macy's. (05/16/2018)
So what are they actually doing about it? Today on the show, we'll do the numbers. The 100 most-common brand-name pharmaceuticals got 232 percent more expensive in the past decade. State lawmakers have filed more than 150 bills this year to rein in costs, something 80 percent of people surveyed by Kaiser agree we need. Some drug companies are starting to feel the squeeze from their own shareholders, too. We'll talk about it. But first: U.S. Immigration and Customs Enforcement has more than doubled workplace investigations over last year. Audits and arrests are up, too. We'll look at the economics of these raids. Plus: Uber and Lyft are changing the way they handle sexual harassment and assault claims. (05/15/2018)
It's not all it's cracked up to be. A Tesla Model S rear-ended a firetruck at a red light last night. The car was doing 60, and witnesses say it didn't break. The driver broke his ankle, and now investigators are wondering if the car's autopilot system was active at the time. The self-driving mode has been involved in two fatal crashes, and there are a lot of questions about whether drivers can be expected to take over when self-driving tech is essentially still in the testing phase. We'll talk about that, plus the story of Project Maven, a Pentagon initiative to make drones better at recognizing things. A dozen Google staffers have resigned over it. Plus, the latest from TV upfronts and what you need to know about the Supreme Court's gambling ruling. All that and more on Marketplace for Monday, May 14, 2018.
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