Over the weekend, Federal Reserve Chair Jerome Powell said the Department of Justice served the Fed with grand jury subpoenas. Powell says it’s all a sham. But the stakes are unprecedented: A potential criminal indictment. Central bank independence. Today on the show, the administration’s case against the Fed. How did we get here? And what comes next?
President Trump considers Iran options. Twin Cities sue ICE. Trump wants to cap credit card interest rates. CBS News Correspondent Steve Kathan has those stories and more on the World News Roundup podcast.
President Donald Trump said on social media that he is imposing a 25% tariff on goods from countries “doing business” with Iran in response to Iran's government imprisoning and killing protesters. The countries that buy Iranian oil include India, Turkey, and China. We'll also share predictions for December's consumer price index. Plus, could the biggest economic risk to the U.S. in the year ahead be the U.S. itself?
From the BBC World Service: There's mounting pressure on Grok — the AI chatbot that's part of Elon Musk's social media platform, X — over the generation of explicit images. The U.K. is rushing through a new law making it illegal to create nonconsensual intimate images; meanwhile, Indonesia and Malaysia have already blocked access to Grok. Then, the race is heating up to build the most powerful quantum computers. We visit one of the biggest players, Google's quantum lab in California
Organizers in Chicago just broke ground on a 45-unit affordable housing project specifically for Native Americans that is scheduled to open this year. The Confederated Tribes of Siletz Indians just cut the ribbon in October for 40 new affordable housing units in Salem, Oreg. And Oakland, Calif. is working on 76 new homes for low-income Native Americans attached to a Native health facility. The surge in projects specifically geared toward urban Native Americans is meant to offset barriers that disproportionately affect their ability to keep a roof over their heads. We’ll hear about the factors fueling the surge in new affordable housing projects in various cities.
Sky Waters (Osage), community development director at the Native American Youth and Family Center
Anthony Guzman (Northern Ute), chief cultural officer at the Native American Health Center
Bryan Singer (Crow), entrepreneur development specialist for the Montana Department of Commerce Indian Country Economic Development programs and member of the Mountain Shadow Association board
Break 1 Music: Journey Home (song) Susan Aglukark (artist) The Crossing (album)
Break 2 Music: Vipismal – The Hummingbird Song (song) Earl Ray (artist) Traditional Songs Of The Salt River Pima (album)
Dylan Ratcliffe lives in San Francisco (for less than a year), but grew up on a farm in the bush in Australia, riding motorbikes and playing video games. He fondly remembers the days whenever you could get a free version of Age of Empires from a cereal box. He was always into computers, and earned a scholarship to head into Melbourne for University. He left his first job as an auditor with KPMG to join a startup called Puppet. Outside of tech, he still rides motorbikes, and has a super small one now (it's actually meant for kids). He loves all food, but prefers Asian and Indian cuisine.
Dylan was deploying Puppet at a financial services company, and was pushing to get a win. When a late Friday afternoon deployment went haywire, he decided to leave his company and set out to build something to automatically discover dependencies on a network, to prevent deployment outages.
Terms and conditions: Equitybee executes private financing contracts (PFCs) allowing investors a certain claim to ESO upon liquidation event; Could limit your profits. Funding in not guaranteed. PFCs brokered by EquityBee Securities, member FINRA.
Much like graphics processing units, high bandwidth memory is essential for training and running AI. It's paired with all those NVIDIA chips that have been selling like hotcakes and only a small handful companies in the world make it. Now the surge in demand from data centers has created a global shortage for everything else — the PCs and smartphones and other consumer electronics that also use memory chips. Marketplace’s Meghan McCarty Carino spoke with Tom Mainelli, vice president of device and consumer research at IDC, about how long this shortage could last.
A.M. Edition for Jan. 13. President Trump is set to receive a briefing today on options for responding to anti-regime protests in Iran, but he’s not waiting for that meeting to act. Journal reporter Gavin Bade explains the likely effect of fresh 25% U.S. tariffs on Tehran’s trading partners. Plus, Minnesota sues the Trump administration over its immigration tactics. And Moody’s Ratings’ John Medina discusses the challenges and opportunities accompanying an expected $3 trillion in data-center spending over the next five years. Luke Vargas hosts.
Plus: Japan’s Nikkei 225 surges to a record close on hopes for a general election. And a federal judge rules that work on a major wind farm off the coast of Rhode Island and Connecticut can resume. Daniel Bach hosts.