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New Yorkers crave informed and intelligent business and economic news. WNYC’s Money Talking brings you just that with lively conversations that go beyond the headlines and the jargon to explore the most important business stories of the week. Every Friday join Jeff Greenfield as he hosts regular WNYC contributors Joe Nocera (The New York Times) and Rana Foroohar (Time). Context, conversation and insight. That’s WNYC's Money Talking.




WNYC Radio 160 Varick St. New York, NY 10013


Big Business Walks Away from the President — Sort of

This week, several top execs decided to distance themselves from the White House following the president's response to violence in Charlottesville. Shortly after, President Donald Trump disbanded two groups of business leaders put together to advise him on manufacturing and policy. But while big business may seem to be walking away from Trump, the administration is still full of former financiers — and promises to loosen regulations will most likely benefit big corporations. This week on...

Duration: 00:07:39

Student Debt: Paralyzing Lives One Student at a Time

This month, students all across the U.S. are getting ready to head off to college. For many of them, preparing for school involves taking on thousands of dollars in student loans that could impact their lives for years to come. Student debt totaled $1.3 trillion at the end of 2016, more than double what it was 10 years ago. The Federal Reserve Bank of New York found that mounting debt could ultimately hurt consumer spending and the upward mobility of low income students. Long after...

Duration: 00:07:44

What's Next for Trump and Congress

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...

Duration: 00:07:44

Follow the (Russian) Money

With each day, there are more Congressional hearings and more details about the investigations into Russia’s interference in the U.S. presidential elections. This week on Money Talking, Charlie Herman talks with Seva Gunitsky, associate professor of political science at the University of Toronto and author of Aftershocks, and with WNYC's Andrea Bernstein, senior editor for politics & policy, about the financial and economic motives that could be behind Russia's intentions in the U.S.

Duration: 00:07:52

Ivanka Trump: Made in Asia

President Trump is seeking to fulfill the “America First” theme of his administration by launching “Made in America” week. Starting on Monday, the White House featured companies and workers making products here at home. The goal is to bring manufacturing jobs back to the United States. But Trump’s pledge is inconsistent with his family’s own business practices as many Trump products are made overseas, including the clothing line created by his daughter — and White House adviser — Ivanka...

Duration: 00:07:50

Martin ‘Pharma Bro’ Shkreli on Trial

Martin Shkreli is often described as the "most hated man in America” for raising the price of a lifesaving drug by 5,000%, earning him the nickname "Pharma bro." Shkreli said his pharmaceutical company raised the price of Daraprim from $13.50 a pill to $750 in order to spend that money on research for an alternative drug, a claim which medical experts widely derided. Now, Shkreli is back in the news and on trial for securities fraud, and while others in his situation might sit quietly...

Duration: 00:07:58

Trump Tariffs and Trade Wars

President Donald Trump has made it clear that he disagrees with many global trade deals. He withdrew from the Trans Pacific Partnership almost as soon as he took office. He has repeatedly criticized and is now looking to withdraw or renegotiate NAFTA — the North American Free Trade Alliance. Trump argues that global trade deals hurt the U.S. economy and its workers. This week, as he sits down with global leaders at the G20 summit in Germany, he’s also reportedly considering putting a...

Duration: 00:07:27

For Now, Obamacare Is Here to Stay

Republicans are united in their opposition to Obamacare, yet they're finding it difficult to repeal and replace the law as they promised to do. This week, the Senate delayed a vote on the bill after Majority Leader Mitch McConnell realized he didn’t have the support he needed to pass it. The delay came after negative reviews (many of which came from Republicans themselves) and dismal polling. So now, the political horse trading to get more votes is underway, and if Republicans fail to...

Duration: 00:07:53

The Bumpy Road Ahead for Uber

This week, one tumultuous Uber ride came to an end, with the resignation of CEO Travis Kalanick. Just last week, Kalanick announced he was taking an indefinite leave of absence, but investors had had enough, and forced him to step down. It's the latest development after years of negative stories about the company's corporate culture and business practices. Now, questions turn to what's next for the ride-hailing app that had dreams of changing the face of transportation. This week on...

Duration: 00:07:54

Rolling Back Bank Regulations

The Trump administration is proposing to revise and change banking regulations that were put in place after the financial crisis. On Monday, the Treasury Department released a report outlining it's plans to do so. This comes after House Republicans last week passed a bill — the Financial CHOICE Act — that would roll back regulations even further. The bill, which was introduced by the Representative Jeb Hensarling of Texas, would weaken the Consumer Financial Protection Bureau and the...

Duration: 00:07:52

Trump's Plan to Pay for Roads and Highways

This week, testimony by former FBI Director James Comey dominated the headlines. For President Trump, however, it was Infrastructure Week. He spent several days promoting his plan to rebuild the nation's roads and highways. And the key to making it happen is getting billions of dollars in private investments. But how exactly would that work? This week on Money Talking, Host Charlie Herman talks with WNYC's Andrea Bernstein and Richard Beales with Reuters Breakingviews about the...

Duration: 00:07:40

The Financier, the Son-in-Law, and the Saudis

When President Donald Trump visited Saudi Arabia last month, one of the first accomplishments he announced was a $110 billion agreement to sell advanced weapons to the desert kingdom. The point man on that agreement was Trump's son-in-law, Jared Kushner, whose background is in real-estate. But another businessman — and one of the masters of international finance — was there, too. Stephen Schwarzman, the CEO and co-founder of Blackstone, secured a $20 billion investment from the Saudis in...

Duration: 00:07:55

The President, His Business Partner, and the Fundraiser

It’s an oddity about covering President Trump’s potential conflicts of interest: certain names keeping coming up. For example, Elliott Broidy. In April, the Republican National Committee announced the appointment of three national deputy finance chairmen: President Trump’s personal lawyer Michael Cohen, North Carolina businessman Louis DeJoy and Broidy. What went unnoted, according to a search of stories published at that time, was that Broidy had pled guilty eight years earlier in a...

Duration: 00:08:47

Upfront About the Future of Network TV

Executives from the major television networks came to New York City this week to promote their shows for the fall in what's known as the upfront. The networks hold big, swanky presentations and exclusive parties to lure advertisers, who are expected to spend billions of dollars on these shows — even as ratings are falling and users are increasingly turning to streaming services like Amazon, Hulu, and Netflix. This week on Money Talking, Host Charlie Herman talks with John Koblin of The...

Duration: 00:07:49

The Decline of J. Crew, and Branded Fashion

Just a few years ago, J. Crew was admired for attiring Michelle Obama, and for delivering solid profits. But now, the company is cutting jobs. The Wall Street Journal reports "sales at its stores open at a least a year have fallen for the past 10 quarters." In other retail news, Abercrombie & Fitch is looking to sell itself, after its share price dropped by half. Ralph Lauren has closed its Fifth Avenue flagship store, suggesting that even upscale retailers can no longer afford upscale...

Duration: 00:07:45

Is France Heading for a Frexit?

France is getting ready to vote for its next president on Sunday, May 7. The choice is between independent centrist Emmanuel Macron, or far-right nationalist Marine Le Pen. And while there are many echoes in this presidential campaign of the recent presidential election in the United States, there are a lot of differences, too. The French are also facing a choice about how much they support the European Union, or, if they chose Le Pen, are looking for the Frexit. This week on WNYC's...

Duration: 00:07:48

Trump Unveils Plan to Cut Taxes, Who Will Benefit?

President Donald Trump unveiled his tax reform plan this week, promising more details in the weeks ahead. He wants to cut the corporate tax rate from 35 percent to 15 percent, saying it will unleash economic growth. But it remains to be seen whether that will actually create more jobs. The president also wants to eliminate deductions, like those that individuals take for paying state and local taxes — a proposal that could hurt residents of New York and New Jersey. There are also...

Duration: 00:07:37

Reviewing Trump's First 100 Days in Office

President Donald Trump is quickly approaching his 100th day in office. Get ready for the White House (and the media) to take stock. The benchmark itself is a bit of construct that goes back to FDR and the Great Depression; however, it's become a measure to assess a president's leadership style, as well as his early successes and failures. In his first 100 days, Trump has signed executive orders on immigration and climate change. He's also been defeated in his attempt to repeal and...

Duration: 00:07:50

When Shopping Malls Become Ghost Towns

Retailers are falling on hard times. Giants like Macy’s, Sears and J.C. Penney are closing hundreds of shops, leaving empty shopping malls and vacant storefronts in cities and suburbs throughout the country. While the economy continues to recover from the recession and consumer spending slowly rises, the future of brick-and-mortar shops that cater to the middle class remains unclear — hobbled by online retail and a population that's choosing to spend more money on travel and dining. And...

Duration: 00:07:25

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

With the deadline approaching for high school seniors to pick which college to attend, students — and their parents — are considering how they will pay for the financial burden of higher education. The cost of private and public college tuition has been rising faster than inflation in recent years, even as financial support from state governments has declined. While individuals and society largely benefit from a college-educated workforce, a recent report from the Federal Reserve Bank of...

Duration: 00:07:58

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