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We had like, a mini war over Iran's nuclear situation and it is barely even a memory in today's news cycle. But what happened there? Did Iran have nuclear weapons? What does it take for them to make some? Was Obama's Iran Nuclear Deal good? And what happened after it was no longer in place? What might happen now?
Joining is Evan McDonell, a former nuclear engineer with the US Naval nuclear program to give us the breakdown!
President Trump says he wants to help the people of Gaza to live, following a visit by his special envoy, Steve Witkoff, to a controversial US and Israeli- backed aid site in the territory. Plus, the BBC investigates the cases of 160 children shot dead inside the Gaza Strip.
Also in the programme: Malawi hits its UN development goals for HIV and AIDS ahead of its targets; radioactive injections aimed at saving South Africa's rhinos; and we follow the market reaction to Donald Trump's global tariff deals -- and new US job figures.
(Photo credit: US government)
P.M. Edition for Aug. 1. The jobs report, which showed sharply lower revised numbers for May and June, may open the door for the Fed to cut interest rates at its next meeting in September. WSJ finance news editor Christina Rexrode joins to discuss. Plus, software company Figma’s stock market debut yesterday saw its stock price jump 250% in its first day of trading, leaving some $3 billion on the table. We hear from Corrie Driebusch, who covers U.S. capital markets for the Journal, about why that happened. And President Trump says he will position two nuclear submarines “in the appropriate regions” in response to criticism from a former Russian leader. Alex Ossola hosts.
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So why are media outlets still talking down the economy? And why is Chairman of the Federal Reserve Jerome Powell refusing to cut interest rates, despite earlier recession warnings that never materialized? Victor Davis Hanson breaks it all down on today’s episode of “Victor Davis Hanson: In His Own Words.”
“Remember that The Wall Street Journal, New York Times, Washington Post, and our main media organs all told us in May when Donald Trump was talking about art of the deal tariffs, … we were going to have high inflation, stagflation, bad job growth, static GDP, and a trade war along with a Wall Street collapse, basically a recession. Well, wall Street stock prices are at historical highs. Every one of those predictions was wrong.
“If [Powell] is worried about a trade war, and tariffs and soft job growth, which was predictive but didn't happen, why don't you lower interest rates? And the fact is that if you look at the interest rates that he did cut right before the 2024 election and his all over the map, attitude toward interest rates today, there is no logic because if he's worried that the economy inflation might— it's gone up one 10th of an point and it's steaming and then he's going to what? Keep interest rates that high?”
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(0:000 Economic Health
(0:54) Current Economic Indicators
(2:14) Reactions to Economic Data
(3:17 )Interest Rates and Federal Reserve
(6:07) Trump's Economic Strategies
(8:00) Final Thoughts
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A softer-than-expected July jobs report and President Trump’s revamped tariff plan weighs on markets. Plus: Amazon reports disappointing growth. Reddit swings to a quarterly profit on AI improvements. And First Solar’s earnings and revenue guidance beat expectations. Charlotte Gartenberg hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Following a weaker than expected jobs report today, President Trump said he’ll fire the head of the Bureau of Labor Statistics, claiming the data was rigged. It’s an unprecedented move with potentially enormous consequences for our understanding of the U.S. economy. We’ll explain. And, we’ll get into how Trump’s tariffs are destabilizing economies across globe. Plus, we’ll weigh in on tariff “rebates” and pricier desserts during a round of Half Full/Half Empty!
Here’s everything we talked about today:
We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.
Over the last few months, President Donald Trump has struck numerous trade deals with countries and continues to negotiate with others. The European Union, Japan and South Korea all agreed to a tariff rate of 15%. WSJ’s Greg Ip says Trump has succeeded on his own terms and created a new trade world order, albeit a fragile one. Jessica Mendoza hosts.
Further Listening:
- A Pharmaceutical Executive on Trump’s Tariff Strategy
- Why Trump Pushed His Tariff Deadline
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Plus: Apple said it would substantially increase capital expenditures. Palantir was awarded a $10 billion dollar, 10-year federal contract. Ariana Aspuru hosts.
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The Fed’s Inflation Conundrum & an AI Billionaire Battle RoyaleThe Fed kept rates flat this week, Apple and Amazon reported earnings, and we have the biggest names in AI battle it out for supremacy.Travis Hoium, Lou Whiteman, and Jason Moser discuss:- The Fed’s decision to hold rates steady
- Apple and Amazon earnings
- AI billionaire battle royale
- Stocks on our radarCompanies discussed: Alphabet (GOOG, GOOGL), Apple (AAPL), Alphabet (GOOG, GOOGL), Cloudflare (NET), PayPal (PYPL), Microsoft (MSFT).Host: Travis Hoium
Guests: Lou Whiteman, Jason Moser
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CrowdScience listener Jon started wondering how our teeth are created while he was in the dentist’s chair. It took his mind off the drilling. He wants to know how our teeth are made, what goes into them and how come we only get two sets of teeth when other animals, like sharks, grow thousands of new ones throughout their lives.
Anand Jagatia goes back to prehistoric times to discover how the story of teeth began millions of years ago. Palaeontologist Yara Haridy explains that teeth weren’t designed originally for eating at all, but as a kind of armour on the exoskeletons of fish that was also sensitive to the environment. It turns out that our teeth in fact are part of our evolutionary success story. Biological anthropologist Peter Ungar reveals that we flourished as a species because our teeth are designed to get the maximum energy from our food.
Anand discovers how teeth can even be grown in a lab when he meets researchers Ana Angelova Volponi and Xuechen Zhang whose team has managed to replicate the environment in which teeth develop. He also talks to Katsu Takahashi who has discovered a method for developing a third set of teeth. It’s a whole new way of creating teeth that will change the way we make them.
Presenter Anand Jagatia Producer Jo Glanville Editor Ben Motley Studio Manager Bob Nettles Production co-ordinator Ishmael Soriano Translation, Katsu Takahashi interview Bethan Jones