U.S. GDP grew at a healthy clip in the second quarter of 2025. But a mathematical equation can’t convey nuance — like, say, six months of tariff chaos. Clear away the trade drama, and the country’s economic growth was more subdued. Also in this episode: The Fed keeps rates as-is despite historic “no” votes from committee members, crypto firms campaign for stablecoin to be the new credit card, and the private sector added about 70,000 service sector jobs in July.
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President Trump wants to bring shipbuilding back to the U.S. to counter China and boost American jobs. The ambitious goal will require rebuilding infrastructure and retraining a workforce. And in Paris, twenty years of discouraging car traffic and planting trees is yielding cleaner air and revitalized river banks and public spaces.
Located just 25 miles south of Miami, Florida, the Turkey Point Nuclear Generating Station provides power for hundreds of thousands of people -- and has done so for decades. However, since at least the 1970s, Turkey Point has struggled with an issue literally beneath the surface. Water used to cool the station has increasingly leached into the ground beneath the plant, spreading closer and closer to the local aquifer used by millions of people. Join Ben, Matt and Noel to learn more.
The tax and spending bill recently signed into law radically alters how borrowers will pay back their student loans, lowers the amount of money graduate students and parents can borrow, and officially sunsets President Biden’s SAVE program, which is known for low monthly payments, and expedited loan forgiveness.
Reset speaks with student loan borrower Kia Clair, rising senior at Northern Illinois University; Alex Lundrigan, policy and advocacy manager, Young Invincibles; and Lisa Kurian Philip, WBEZ higher education reporter, about how these changes could affect local borrowers and what they can do to prepare.
For a full archive of Reset interviews, head over to wbez.org/reset.
Developments in the Middle East have come thick and fast this week. On Tuesday the IPC - a UN-backed monitor group - warned that the "worst-case scenario of famine" is unfolding in the Gaza Strip. Britain, meanwhile, warned that unless Israel met a number of conditions before the UN General Assembly convenes next month, it would join France in recognising a State of Palestine.
Meanwhile, the Israeli occupied West Bank has received little international attention since the war in Gaza began. Attacks by Jewish settlers on Palestinians living there are on the rise - up by 13 percent over the past year, says the UN. We examine attacks in one village and a town.
Also in the programme: Why is Greece detaining all migrants arriving from North Africa? And the English city of Birmingham says goodbye to Black Sabbath's Ozzy Osbourne.
(Photo: Locals inspect a burnt car in the Palestinian Christian village of Taybeh near the West Bank city of Ramallah, 28 July 2025. According to the Palestinian news agency Wafa, Israeli settlers attacked the village of Taybeh and set two vehicles on fire and spray-painted racist slurs on walls. Credit: Alaa Badarneeh/EPA/Shutterstock)
Fed Chair Jerome Powell signals reluctance about a rate cut at the central bank’s next meeting in September. Plus: Hershey trimmed its annual outlook to reflect higher projected tariff expenses. SoFi Technologies plans a public offering of $1.5 billion of stock. Starbucks’s earnings undershot estimates. And, Visa posted forecast-beating quarterly results. Charlotte Gartenberg hosts.
P.M. Edition for July 30. As was widely expected, the Federal Reserve held rates steady for a fifth straight meeting. But in a rare move, two officials disagreed with the decision. WSJ investing columnist Spencer Jakab joins to discuss why, and what the Fed might be paying attention to ahead of its next meeting in September. Plus, President Trump announces new tariff rates for Brazil and India, and says he won’t extend the Aug. 1 deadline for countries to make trade deals with the U.S. And Amazon will pay the New York Times at least $20 million annually to license its content to train artificial intelligence. We hear from WSJ reporter Alexandra Bruell about the significance of that deal. Alex Ossola hosts.
Victor Davis Hanson breaks down how Mexico's trade practices, cartel complicity, and remittance dependence are fueling an asymmetrical relationship that benefits Mexico at America’s expense on today’s episode of “Victor Davis Hanson: In His Own Words.”
“ Ms. Sheinbaum, why don't you do the following? Why don't you say that Mexican nationals are your citizens? They're key to your economic growth. You don't want them to leave your country. You have a new revisionist reform plan that you're going to offer them social services so that they don't flee to the United States. You're going to keep your own people in your own country.
“ The problem with Mexican-American relationships, as those polls reveal, is on your side. Don't run up surpluses by mercantile dealings with an existential enemy of the United States, China. Do not count on American taxpayers to subsidize your own citizens who entered illegally to send back 63 billion to your failing economy. And do not lecture us about the cartels—what we should and should not do about it—when you are enabling them to kill 70,000 Americans as a source of foreign exchange inside Mexico.”
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Earnings from Starbucks, Visa, and Spotify’s earnings give us a read on the consumer and Samsung takes a big chip order from Tesla.
(00:21) Travis Hoium, Lou Whiteman, and Rachel Warren discuss:
- Tesla’s chip deal with Samsung
- Spotify’s earnings
- Visa, Starbucks, and Booking earnings
- Are you bull or bear?
Companies discussed: Tesla (TSLA), Spotify (SPOT), Visa (V), Starbucks (SBUX), Booking (BKNG), NVIDIA (NVDA)
Host: Travis Hoium
Guests: Lou Whiteman, Rachel Warren
Engineer: Bart Shannon
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