Category: 4-FrequentNewsStreams

Earlier this week, President Trump announced a “massive” trade deal with Japan. But as Japanese officials clarify some of the terms, it’s not clear how concrete the deal actually is. We’ll explain. Also, some wealthy Democrats who stand to benefit from Trump’s tax cuts are rallying against them. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• "Cracks widen in Japan and US’s interpretation of tariff trade deal" from The Financial Times 
• "Trump’s Tariffs Are Being Picked Up by Corporate America" from The Wall Street Journal 
• "Rich liberals do not want their big Trump tax cut" from The Washington Post
• "AI has come for the fragrance industry" from Marketplace 
• "Want to pay down the national debt? The US government will take Venmo" from The Verge 
• "Meme stocks have staged a surprising return" from Marketplace 
• "Restaurants Are Trying to Tariff-Proof The Menu" from Eater

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

Former ComEd CEO and Madigan confidante is sentenced to prison. O’Hare sees the busiest day ever. Vandals target immigration organizations in Little Village. NASCAR passes on another race in the Loop and Chicago Mayor Johnson introduces a new plan to snuff out smoking on CTA. Reset goes behind those headlines and more in our Weekly News Recap with Block Club Chicago reporter Mack Liederman, Chicago Sun-Times federal courts reporter Jon Seidel and WBEZ investigative reporter Dan Mihalopoulos. For a full archive of Reset interviews, head over to wbez.org/reset.

This week, President Donald Trump said the baseline rate for so-called “reciprocal” tariffs on countries around the world could now land somewhere between 15% and 50%, higher than what was previously floated. But according to Princeton international economics professor Gene Grossman, "it's not clear exactly what the purposes are, and many of them are in contradiction with each other." But first: Since the spring, oil rig count has dipped to near-pandemic lows. What gives?

In an awkward visit to the Federal Reserve building, which is under construction, President Donald Trump continued to push for lower interest rates. But even if Trump had a compliant Fed, he wouldn’t necessarily get the lower borrowing costs he wants, because the central bank doesn’t directly control the rates the president is concerned about. We'll learn more. Also, we'll provide an explainer on what tariffs on products versus countries mean for the economy.

From the BBC World Service: There were big trade talks in Beijing yesterday, where the EU raised concerns with China about trade imbalances and warned that China's close ties with Russia could damage relations. We'll provide an analysis of the summit and media coverage that followed. Then, we'll head to Paraguay, which has big ambitions to turn itself into South America's Silicon Valley, and where the government and tech firms are pitching the country's unique advantages

On July 26, 1990, then-President George H.W. Bush signed the Americans with Disabilities Act, or ADA, into law. This was a turning point for the quality of life for disabled people in the country. But disability rights activism didn’t start when the ADA was introduced into Congress. Reset talks about disability advocacy before and after the ADA. We also dig into recent efforts to weaken it and how the community continues to fight. Our panel: Charles Petrof, senior ADA attorney with Access Living; Mike Ervin, writer and disability rights activist; and T.J. Gordon, co-founder of Chicagoland Disabled People of Color Coalition. For a full archive of Reset interviews, head over to wbez.org/reset.

NASA employees protest budget cuts, Google reportedly eyes licensing deals with 20 national news organizations, and President Donald Trump signed three executive orders on AI this week. Marketplace’s Kimberly Adams is joined by Jewel Burks Solomon, managing partner at venture firm Collab Capital, to break down these stories.

President Trump’s Middle East envoy announced that he was bringing his team home from Gaza ceasefire negotiations. Steve Witkoff said he was withdrawing from talks where Israel, Hamas and mediators had been discussing a deal. As Nick Schifrin reports, it comes as nearly all of Gaza’s two million people are hungry. A warning, images in this story are disturbing. PBS News is supported by - https://www.pbs.org/newshour/about/funders

President Trump wants lower interest rates now, but what could that mean for the economy? "Marketplace" host Kai Ryssdal speaks with Neil Irwin at Axios about the implications of Trump's push to cut rates, and why central banks should stay focused on stabilizing the economy, not helping the government manage its debt. Also on the show: One of the pieces passed in the GOP's sweeping budget bill was a measure that would end taxes on tips and overtime. We look at who qualifies and who doesn't. And later, how companies are viewing the cost and importance of business travel.

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More Illinois suburbs are cracking down or regulating the use of e-bikes and e-scooters. In Fox Lake, e-bikes and e-scooters are now banned from sidewalks. In Elk Grove, riders must have a driver’s license. And in Hinsdale, children are banned from riding e-scooters altogether. The patchwork of rules is leaving many potential riders confused on what they can and can’t do. Reset finds out more about how local municipalities are trying to balance mobility with safety. We chat with Elk Grove Village Mayor Craig B. Johnson, Jim Merrell with Active Transportation Alliance, and Dave Simmons with Ride Illinois. For a full archive of Reset interviews, head over to wbez.org/reset.