The Federal Reserve’s Open Market Committee starts a two-day meeting on interest rates today. Most of the government data the Fed usually considers when voting on rates isn’t available because of the shutdown. We did get a tardy consumer price index report last Friday, though, and the Fed also produces some data itself. But can that paint a clear enough economic picture? Also: why workplace insurance premiums are likely to climb.
CBS News Roundup - 10/28/2025 | World News Roundup
Hurricane Melissa lashes Jamaica. President Trump visits Japan. Food benefits set to expire for millions of Americans. CBS News Correspondent Steve Kathan has these stories and more on the CBS World News Roundup.
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Marketplace All-in-One - HSBC braces for huge hit over Bernie Madoff Ponzi scheme
From the BBC World Service: During the financial crisis of 2008, the crimes of Bernie Madoff came to light. The ripple effects of his Ponzi scheme — one of the biggest frauds in Wall Street's history — are still being felt today. Now, banking giant HSBC has put aside over $1 billion for litigation related to Madoff. And later, we'll learn more about India's hard-hit carpet industry and a sports betting scandal in Turkey.
You're Wrong About - Introducing: The Devil You Know with Sarah Marshall
Listen now to the first episode of Sarah's new 8-part series with CBC Podcasts, The Devil You Know.
In the 1980s and 90s, Satan and his followers were accused of brainwashing children, sacrificing babies, and infiltrating North American society on a massive scale — yet these thousands of alleged Satanists were nowhere to be found.
In this all new series, host Sarah Marshall explores the tangled web of the Satanic Panic, in a journey that will take you everywhere from Victoria, B.C. to rural Kentucky to San Antonio, Texas. This is a show about the people who experienced the panic in real-time — the believers, the skeptics, the bystanders, and the wrongfully-convicted.
More You're Wrong About:
WSJ Minute Briefing - Amazon Plans Major Layoffs in Latest Cost-Cutting Move
Plus: A Republican-led panel recommends that the Justice Department investigate all of former President Joe Biden’s executive actions. And, Chinese auto giant BYD logs a nearly fivefold surge in sales in Europe. Caitlin McCabe hosts.
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WSJ What’s News - Why Amazon Plans to Cut 30,000 Jobs
A.M. Edition for Oct. 28. According to people familiar with the matter, Amazon plans to cut roughly 10% of its corporate workforce, as it seeks to slim down, conserve cash and further employ AI. Plus, WSJ’s Jon Emont explains how a slew of billion-dollar deals is reshaping the once-dormant Western rare-earths industry. And, a Republican-led committee recommends that the Justice Department investigate former President Joe Biden’s executive actions, particularly his clemency decisions. Caitlin McCabe hosts.
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Code Story: Insights from Startup Tech Leaders - S11 E23: Dr. Zohar Bronfman, Pecan AI
Zohar Bronfman spends most of his time in Tel Aviv, Israel these days. He has a focused academic background, specifically in philosophy and neuroscience. He was always intrigued by the question - how do we know what we know? - which led him to get a PhD in Philosophy. While doing that, he also became fascinated with he human mind and empirical decision making, which took him down the road of obtaining another PhD in AI & Neuroscience, essentially emulating brain processes. Outside of tech, he has 3 kids and a startup. He loves a good book in the philosophy or neuroscience space, and is a big fan of sports. Specifically, he loves the NBA and claims to be a Knicks fan.
Zohar and his now co-founder were digging into predictive models, as an extension of their academic studies. They were curious as to why companies, though they were running predictive models, were not making accurate predictions. They soon realized that this was because the AI modeling expertise was centralized at couple of well known companies.
This is the creation story of Pecan AI.
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Marketplace All-in-One - Wikipedia co-founder: Trust and empathy are essential
In his new book, Wikipedia co-founder Jimmy Wales writes ”in the early years of the internet, we were right to be bullish about people and the technology. Our capacity for social connection, community and cooperation can deliver amazing things. But the very same human nature can deliver atrocities.”
Wales’s says he wrote this book to help combat a crisis of trust in society that is leading to the rise of authoritarianism. Marketplace’s Nova Safo asked him about the main lessons he learned from building Wikipedia into a highly-relied-upon source of information.
Marketplace All-in-One - What is the national debt?
It’s Halloween, and Bridget and Ryan are trying to answer a question about the national debt while preparing for their town’s giant Halloween extravaganza. The town has taken on debt to make things extra spooky this year and things are starting to get a little out of control! Can Bridget and Ryan help the town navigate their monster debt?
(Grownups: This is episode does contain monsters but no jump scares! You know your kid listeners best, so exercise caution if Halloween is more tricky than treat for them!)
If your family is interested in learning even more about today’s question, check out our website. We’ve got conversation starters and a tip sheet!
This episode is sponsored by Greenlight. Sign up for Greenlight today at greenlight.com/million.
Headlines From The Times - Hurricane Melissa Threatens Jamaica, SNAP Benefits Halted, U.S. Deploys Warship Near Venezuela, California License Clash, LAX Shutdown Delays, Newsom and Harris Eye 2028 Presidential Bid, El Segundo Surf Park, Rivian Layoffs
Hurricane Melissa intensifies into a Category 5 storm as Jamaica braces for catastrophic flooding and evacuations. The ongoing U.S. government shutdown halts SNAP benefits, leaving millions without food assistance. A U.S. missile destroyer arrives in the Caribbean amid escalating tensions with Venezuela. Washington threatens to pull funding from California over noncitizen commercial licenses, while LAX experiences major delays as unpaid air traffic controllers protest. Governor Gavin Newsom and former Vice President Kamala Harris both signal possible 2028 presidential runs. In business, El Segundo moves forward with plans for a $175 million surf park, and EV maker Rivian announces more than 600 layoffs amid slowing electric vehicle demand.