As Europe goes, so goes the internet
Antitrust regulators in the European Union are charging Google a $5 billion fine for using its Android software to push out competition and making phone companies pre-install its apps. We'll talk about what that means for the company and the ways overseas regulations reach consumers in the United States. Then, we'll talk about Kathleen Kraninger, who President Donald Trump has nominated to lead the Consumer Financial Protection Bureau, despite her lack of consumer finance experience. Plus: Storm chasing as tourism.
What's carbon really cost?
Under the Trump administration, federal agencies are no longer required to determine the financial costs of climate change, so a group of scientists have stepped up to the plate. We'll talk about that project and what it can tell us about the real-world cost of carbon. Plus: Amid rising tensions with the United States, Japan and the European Union have struck a new trade deal with each other. Then: We'll talk with Lauren Greenfield about her new film “Generation Wealth."
Hi, I'd like to file a complaint
We're starting today with news from overseas, not Helsinki but Geneva, where the World Trade Organization is fielding complains from China against the United States, and the U.S. against pretty much everybody. We'll talk about what happens next and what it could mean for the brewing trade war(s). Then: site glitches aside, Amazon's Prime Day has become a sort of Black Friday in July, which means a lot of packages will be on the move these next few days. We'll look at whether the shipping industry will be able to, uh, deliver. Plus: If you're sad the World Cup's over, there's always baseball ... and Major League Baseball has lots of open seats.
Mergers and mergers and mergers and acquisitions
The Department of Justice is appealing the ruling that cleared Time Warner's $85 billion merger with AT&T, the government announced just before we put out yesterday's show. Today, we're trying to game out what's next, especially since the merger's already begun. Then, we'll look at the other huge media deal in the offing: Disney and Comcast's bidding war for 21st Century Fox, and Hulu's role in it. And, of course, we'll tackle the fire hose of political news in the Weekly Wrap.
Powell on wages, transparency and independence at the Fed
Jay Powell's been the chairman of the Federal Reserve for about five and a half months. His office in the Federal Reserve Building on Constitution Avenue is still getting put together, but he's already put his mark on the central bank and chatting with us today is part of that. We talked about transparency, trade disputes and stagnant wages, but he wasn't able to talk about inflation. The numbers came out just minutes after our conversation ended, and they showed consumer prices are growing faster year over year than they have since 2012. We talk about what that means for the Fed and for you.
Full interview: Federal Reserve Chair Jerome Powell
In the five months since Jerome “Jay” Powell took over as chairman of the Federal Reserve, the country is facing a growing number of tests: stagnant wage growth, tariff disputes around the world and a White House that likes to publicly offer the Fed economic advice. In his first broadcast interview since taking the job, Powell told Kai Ryssdal that he is “not concerned” about political pressure and that he’s keeping his focus on carrying out the Fed’s mandate from Congress: “We have a long tradition here of conducting policy in a particular way, and that way is independent of all political concerns,” he said. They also talked about The White House's ongoing trade disputes, why wages aren't rising and inflation. You can also read the whole thing here.
If you thought all the Chinese trade talk was testy, you should see footage from President Donald Trump's first day of North Atlantic Treaty Organization meetings today. Trump slammed American allies, saying "many countries owe us a tremendous amount of money" from years of defense spending. And that was just the photo op. We'll fill you in on the NATO meeting and what to expect during the next few days of talks in Brussels. Plus, the latest on those tariffs. Then: Like a lot of cities hit hard by the housing crisis, foreclosed homes in South Euclid, Ohio were bought on the cheap by investors, who planned to flip them when the market recovered. But it didn't, really, and now some landlords are unloading them with shady rent-to-own deals.
The SCOTUS news is just starting
President Donald Trump's nomination of Brett Kavanaugh to the Supreme Court came with a little surprise and a lot of theater. But what happens next should come as no surprise at all: millions of dollars and hundreds of hours of advertising for and against Kavanaugh's appointment. We'll talk about what to expect. Then: We'll explain the upcoming rent control ballot measure in California, and what it could mean for the affordable housing crisis around the country. Plus, what you need to know about Trump, Pfizer and the market for one of that company's most profitable drugs: Viagra.