Amid this week’s tariff turmoil, U.S. stocks tumbled, U.S. Treasurys sold off, and the U.S. dollar weakened. Kai explains what this triple sell-off could mean for the future of the American economy. And, is the era of cheap stuff in America over? Donald Trump administration officials are arguing it’s a good thing. We’ll get into it. Plus, we’ll weigh in on penguin memes and using public phones during a round of Half Full/Half Empty.
Here’s everything we talked about today:
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"Treasury Secretary Bessent says the American dream is not about 'access to cheap goods'") from CNBC
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"Cheap Consumer Goods Are the American Dream, Actually") from Bloomberg
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"The Trump administration says cheap goods aren’t part of the American dream. They’re wrong.") from Vox
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"The bond market is acting weird. It spooked Trump") from CNN Business
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"After Trump’s Tariffs, Stocks Plunged but Penguin Memes Ticked Up") from The New York Times
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"More students opt for certificates as undergraduate degree earners decline") from Marketplace
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"A Frenzy at Trader Joe’s: ‘Everyone’s Here for the Tote Bags’") from The New York Times
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"The Masters offers public phones as alternatives to cellphones. Here's what attendees think") from Fast Company
Got a question for our hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.
