The Fed cut interest rates by a quarter of a percent and at first the markets went..."Meh..." That story and more today:
- What caused the "Meh" early today;
- What's in a name? Ask Molson Coors;
- What health care has to do with lagging wages;
- Some new GDP concerns;
- So those rising steel prices? Not so fast;
- Beggars Night explained;
- Twitter says "NO!" to political advertising.
Those stories and a conversation with Dr. Tom Ahart the Superintendent of the Des Moines Public Schools about a vote coming up on Tuesday of next week that will have a major impact on students and facilities. We'll explain how an increase in the tax levy for physical plant won't increase property taxes. THe vote is on the Physical Plant and Equipment Levy or PPEL. Take a few minutes to learn more. You can hear that conversation here.
Thanks for listening!
While writing the news stories today we centered on some housing issues in the United States and because we're broadcasting from the Central Iowa Business Conference in Des Moines we've got access to several experts. Here you'll meet John Cannon of Wintrust Mortgage. John, a former broadcaster, stopped by our mobile studio at just the right time...click through for some housing, mortgage rate talk and more.
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday, hour-long business podcast in the Midwest. The national, regional and local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on Google Play, PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday at 2pm on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
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He says he can spot errors in a tax return in under sixty-seconds and many of those errors are, according to CPA Bruce Schmiedlin of Bruce Tax & CPA, due to lazy entries and tax preparers not spending enough time asking important questions. Bruce details all of that and talks about what you, as a small business person or individual needs to know to avoid big tax problems down the road.
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday, hour-long business podcast in the Midwest. The national, regional and local business news along with long-form business interviews can be heard Monday - Friday starting at 5pm Central. You can subscribe on Google Play, PlayerFM, Podbean, iTunes, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday at 2pm on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Our Sponsors
AARP-Iowa
National Tractor Parts Dealer Association
Oasis - A Paychex Company
Tero International
And we're off! Early this morning, on the hope of a Fed rate cut, the Dow jumped by well over 100 points. By mid-day investors continued to be hopeful. Catch regular updates on the market condition on our Twitter Feed @IOB_NewsHour. In other news today:
- The NRA isn't "cooking" their books but...
- Health Care and Technology;
- Netflix under siege;
- China - Manufacturing - Trade it's all back;
- President Trump and his Social Media Summit;
- American Airlines is having a lousy summer;
- The Epi-Pen shortage and new...news.
Those stories and more along with some tax talk from our CPA friend Bruce Schmiedlin from Bruce Tax & CPA who says some tax preparers are simply tucking numbers in returns causing issues for small businesses and their owners. To listen to that conversation just click here.
Thanks for listening.
What a difference a day makes...twenty-four little hours. It's the business news headlines and today this is what we've got cooked up for you:
- 24 hours ago the sky was falling. Today? "Dead cat bounce";
- While UBER was bleeding cash big banks raked in the loot;
- How long will the trade war last? Some say a long time;
- Hungry and stuck in traffic? Burger King has an app for that;
- Heard about the class action suit against Turbo-Tax?
- What happened and why on Wall Street
Also today we're going to deliver to you Quick Bites part of our Out to Lunch segment where I get to ask our guest three questions. Today it's John Norris, partner with the State Public Policy Group who is going to share with us his favorite book, movie and if he wasn't doing what he is doing now...what might he like to be doing. John Norris and Quick Bites at Trostel's Dish. Here is that conversation.
If you are a regular listener to the Business News Hour you know we've had all of the major business organizations on with us decrying the high corporate tax rate paid by businesses in Iowa and demanding that those taxes be cut. While they may not be paying that rate they, to a group, will say the "optics" are bad for business. Enter Mike Owen of the Iowa Policy Project. We talk about that plus the Research and Development Tax Credit, who it goes to and how many businesses don't pay taxes but get a check from the State of Iowa. You're in for some stunning news....
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday, hour-long business podcast in the Midwest. The national, regional and local business news along with long-form business interviews can be heard Monday - Friday starting at 5pm Central. You can subscribe on Google Play, PlayerFM, Podbean, iTunes, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday at 2pm on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Each weekday we gather some of the more interesting business news stories and offer them up to you on your time. Nope, you don't need to wait and listen at a specific time because this newscast goes with you in podcast form. Here is what we've got on tap today:
- What did businesses do with the $1.5 trillion tax cut that is now a year old?
- Apple reported trouble in China;
- Speaking of China, investors there are off-loading lots and lots of U.S. property;
- Gold is making a comeback - Can the "Gold Guys" be far behind?
- The changing brick & mortar drugstore. We've got a couple of examples;
- Wall Street struggled today and we'll have those numbers.
Also today a two part interview about economics. Our guest is Dr. Chris Draper who has recently released his book, Velocity Economics. What is it? How does it work? Who benefits? What will it mean to workers, families and business startups? And, how is it different than the current system that doesn't seem to work? Asked and answered in Part One which is here.
Then in Part Two of our conversation with Dr. Draper we talk about socialism isn't that what he is promoting? Also we speak to the headwinds that Dr. Draper says is killing productivity in the United States and he says it is all because we are stuck on a system that has not worked and will never work. Trickle Down Economics. Listen to Part Two here.
Thanks for listening.
You've all heard of "supply side economics" where the top wage and income earners and corporations receive all sorts of financial perks that will, so the theory goes, then "trickle down" to workers and families. Except that hasn't worked out so well. In fact, says Dr. Chris Draper the author of Velocity Economics, "trickle down has never worked and will never work because it's upside down to what really should be happening. Take some time and learn more in the very interesting conversation.
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday, hour-long business podcast in the Midwest. The national, regional and local business news along with long-form business interviews can be heard Monday - Friday starting at 5pm Central. You can subscribe on Google Play, PlayerFM, Podbean, iTunes, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday at 2pm on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
It's a common thread when business hears about an economic stimulus that offers more money to workers than to corporations. Here we continue our conversation with Dr. Chris Draper about his new book Velocity Economics. We also talk about the major headwinds that are forcing so many Americans to live paycheck to paycheck and not be able to create wealth and become more productive. If you think our current system is broken...you are working more but getting less. Give a listen to Dr. Draper...
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday, hour-long business podcast in the Midwest. The national, regional and local business news along with long-form business interviews can be heard Monday - Friday starting at 5pm Central. You can subscribe on Google Play, PlayerFM, Podbean, iTunes, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday at 2pm on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
Welcome back to the Business News Headlines for today...here is what is just a click away:
- Federal workers, represented by the same union...different and conflicting messages;
- Ford reports some lousy numbers;
- Taxes and the wealthy. Three reasons it's being talked about;
- Seems McDonald's has a wall problem too;
- The markets bounced back a bit today and we'll share the numbers.
Those stories and a conversation with Joe Faletti who is with The Collection Experts. Can a collection agency based in Naperville, Illinois have a heart? Joe says it can and we'll dig into the collection business and branding. To hear that conversation just click here.
Thanks for listening!
