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Inflation hit 8.5% in the month of March, the highest since 1981, and signs of demand destruction may be appearing in the used car market.
(0:17) Yasser El-Shimy joins Asit Sharma to discuss:
- Why investors are hoping that inflation has peaked. - Carmax’s earnings miss and the state of the used car market. - The growing trend of buying homes sight unseen.
When are you gonna get me a car? (14:55) Alison Southwick and Robert Brokamp continue their conversation with Ron Lieber, personal finance columnist for The New York Times and the author of “The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money.”
Got a question about stocks? Call our voicemail: 703-254-1445
Stocks mentioned: KMX, CVNA, FTCH, ZG, RDFN
Host: Asit Sharma Guests: Yasser El-Shimy, Alison Southwick, Robert Brokamp, Ron Lieber
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl
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In a speech last week, the Treasury secretary discussed Satoshi and called Bitcoin's technology transformative.
This episode is sponsored by Nexo.io, Arculus and FTX US.
At the beginning of her tenure as Treasury secretary, Janet Yellen gave a number of indications that she was going to be a tough partner for crypto. In a speech last week, the industry got a glimpse of how much her tone had shifted. NLW explores how much this shift has to do with the Biden administration’s Executive Order on crypto as well as the possibility that it reflects a new understanding stemming from engaging with crypto in the context of sanctions on Russia.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Amanda Andrade-Rhoades/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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By Karen An-hwei Lee
Given the sheer size of the universe, it's overwhelmingly likely that some form of alien life exists - so where the heck are they? Tune in to this classic episode to learn more.
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In 1969, off California’s coast, an ecological disaster gained worldwide attention. The state’s largest oil disaster shocked a nation into action: It led to the creation of the federal Environmental Protection Agency, and the passing of California’s Environmental Quality Act and the federal Environmental Protection Act. The catastrophe also inspired a day to reflect and learn about environmentalism — Earth Day.
But in a world where climate change is ravaging the earth, what good is just a day anymore?
Today, we get into Earth Day’s fails and wins.
Host: Gustavo Arellano
Guests: L.A. Times earthquake reporter Ron Lin, L.A. Times wildfire reporter Alex Wigglesworth and L.A. Times coastal reporter Rosanna Xia
More reading:
Editorial: Happy 50th birthday, Earth Day
An Earth Day message for California: Move faster on climate change
Amid warnings about possible chemical weapons use, horrifying rape allegations in Ukraine. Your growing grocery bill. Inside China's massive lockdown. CBS News Correspondent Deborah Rodriguez has today's World News Roundup.
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