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U.S, and China reach a trade deal. Fixing air traffic control outages. Hamas vows to free American hostage. CBS News Correspondent Steve Kathan has today's World News Roundup.
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From Apple to Audi, consumer goods companies have been reporting rising sales as consumers splurge on what they need before tariffs hit their pocketbooks. But that preemptive spending could cost consumers later down the line. Also on the show: $500 billion worth of goods are at stake in the temporary trade deal between the U.S. and China, and Trump administration policies have complicated the economic outlook for tribal nations.
From the BBC World Service: There's been a thaw in U.S.-China relations, with a 90-day deal to ease their escalating trade war. Both sides say they’ll cut tariffs by 115% — a big step, given that the U.S. was charging 145% on some Chinese goods. Plus, U.S. President Donald Trump will start his first foreign visit with a three-day Middle East tour this week. The economy will be high on the agenda.
Plus: Ukrainian president Volodymyr Zelensky says he wants to meet his Russian counterpart Vladimir Putin face-to-face later this week in Turkey. And pharma stocks fall after President Trump said he would sign an executive order aimed at lowering the cost of prescription drugs. Luke Vargas hosts.
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Tariffs against China were the centrepiece of Donald Trump’s “Liberation Day” trade plans. Our correspondent explains the significance of a new 90-day hiatus. Will Ukraine and Russia come to the negotiating table this week (7:51)? Why new techniques to compress the contrast between loud and quiet music could be damaging our hearing (15:35). And help us improve the show by taking this survey.
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A.M. Edition for May 12. Washington and Beijing take a major step toward thawing their trade conflict by agreeing to lower tariffs on each other’s goods by 115%. WSJ reporter Jason Douglas recaps the results of weekend talks and explains which issues the two sides still need to sort out. Plus, President Trump is expected to sign an executive order today tying U.S. drug prices to what other countries pay. And Ukrainian President Volodymyr Zelensky challenges Russian President Vladimir Putin to meet him for peace talks this week. Luke Vargas hosts.
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Ankara is the capital of Turkey. An earlier version of this podcast said Istanbul was the country’s capital. (Corrected on May 13)
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There was a time not so long ago when it seemed like the most consequential conversations in our society were happening on social media. But as the digital commons spawned mobs, performative posturing and rage-baiting, a lot of those conversations went private. That's one takeaway from the recent Semafor report on the private group chats between tech titans, business leaders and public intellectuals. Marketplace’s Meghan McCarty Carino spoke with Amy Webb, founder and CEO of the Future Today Strategy Group, about the growth of what she calls the Splinternet.
The cultural historian Tiffany Jenkins looks at the long history of the private life from Ancient Athens to the digital age. In her new book, Strangers and Intimates: The Rise and fall of the Private Life, she examines how our attitudes to the intimate and personal, have shifted over time. She argues that the challenge of big tech is simply the latest development that has seen our private lives increasingly exposed for public consumption. It is only through understanding the history of the very idea of the private life, that we might protect it.
Homework: A Memoir is Geoff Dyer's new book. In it he tells his own story, that of a boy growing up in a working class family in the 1960s and 1970s. He charts the transformative opportunities afforded by the post war settlement for an eleven year old boy who wins a place at a grammar school. Evoking deep personal memories, he explores the challenges of his childhood and teenage years in the mid twentieth century England.
Lanre Bakare is interested in the stories of the Black Britain we don’t often hear – the one that exists beyond London. In moving his focus outside the capital, he explores the economic and social unrest of 1970s and 1980s from very different perspectives. His new book, We Were There: How Black Culture, Resistance and Community Shaped Modern Britain suggests that we need to incorporate a broader range of the experiences of Black Britons into the fabric of our national story.
Producer: Ruth Watts