Yesterday investors weren't so sure about the future of trade talks with China. Today they threw all of that out the window... Welcome to the business news headlines for Tuesday the 15th of October. Just a click away:
- What drove Wall Street today;
- The Turkish economic sanctions? Yawn;
- Could the GM strike be nearing an end;
- Two words for used car buyers: Buyer Beware;
- Companies that are cool but not making a dime;
- The AMC cinema chain to stream...no, really;
- In case you've run out of stuff to worry about....
Those stories plus a conversation with Brent Roske the Iowa State Director for 2020 Democratic hopeful John Delaney. A press release from that campaign caught our eye so we sit down with Brent to chat about the Heartland Startup Tour. Mixing politics with...business. Click here to listen.
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First of all, Happy Thanksgiving to our Canadian listeners as you celebrate the harvest as well as your freedoms. We're with you on that. In the business news today:
- Markets slump, as we suggested they would, and why;
- Amazon just launched something new that has Target worried;
- Day 29 of the UAW strike against General Motors..an update;
- American manufacturing is hurting for a number of reasons;
- It's Mac & Cheesegate;
- Restaurants and tipping could be a problem say critics;
- The paper beer bottle is a thing...or so it would seem.
We'll also be joined by Laura Kinnard from Drake University, DMACC and DMBizMixer to chat it up about business events in the DSMUSA Metro this week. To hear that conversation, click here.
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Wall Street opened down and stayed that way as more and more investors see any deal with China slipping away. It's the business news headlines for Tuesday the 8th of October...here we go:
- Dick's Sporting Goods turns $5 million worth of inventory to...scrap;
- Stocks took a hit today lots of China news;
- The NBA and China;
- The UAW strike against GM - Day 22 and an update;
- Taxed too much? Fix that by becoming wealthy;
- The major skills gap in the U.S. is....
Those stories and a Two-Part conversation with California Congressman Ro Khanna. This is Part One of my conversation with Congressman Ro Khanna who has been to Iowa nearly as often as some presidential candidates. His efforts have largely been in support of new technologies that will re-imagine Rural America. We talk about that, Silicon Valley, unions and more before we get into Medicare for All in the next segment. To listen click here.
Here, in Part Two of my conversation with California Congressman Ro Khanna, we talk about Medicare for All something that Congressman Khanna has supported and says there is so much dis-information out there he wants to set the record straight. So, we talk about taxes, rural hospitals, health care today and much more. Then, we visit a bit about Sen. Bernie Sanders and how his recent hospital trip may make his call for a universal health care system more...personal. Listen here!
The jobs report came out this morning and even with the "modest" growth that did not hit expectations...Wall Street had a party. It's the business news headlines for Friday the 4th of October. Just a click away:
- Wage gains lag;
- The National Retail Federation concerned;
- Fast food is becoming less fast;
- More job cuts to increase shareholder value;
- Stunning numbers from Costco;
- What happened to...kale?
Those stories plus some fun with Jeff Pitts of Cityview Magazine and his list of "Stuff to DO" in the Greater Des Moines Metro this weekend into next week. Listen...here!
Even with continuing headwinds Wall Street was able to pull off a win today. Welcome to the Business News Headlines for Thursday the 3rd of October. On tap today:
- The Jobs Report is due tomorrow morning and it's important;
- President Trump signs an executive order about Medicare;
- The housing sector seems to be booming;
- Young people are leaving glitzy cities for lower cost communities;
- Unions, Nurses and Wages it seems to be a trend;
- Tesla disappoints and its stock suffers.
Those stories and for the interview I'll visit with Natalie Veldhouse a research associate from the Iowa Policy Project about the little known reality that Iowa is such a low wage state, why it matters and what forces are at work to keep it that way. That stunning conversation is right here.
Thanks for listening!
Yesterday it was manufacturing numbers that sent the markets down...today the employment numbers did the same. Welcome to the business news headlines for Wednesday the 2nd of October. Today:
- The markets tanked and why;
- The U.S. has a "hiring" problem;
- High prices got you down? There is Zulily ya know;
- What's new for cars? The 7 year loan;
- Automakers see trouble ahead;
- Why not spend $ on your current workforce...no, really.
Those stories and more along with this conversation with Kari Carney and Julia McGuire from 1,000 Friends of Iowa. I know...right? You'll hear about the work they do and why it's becoming even more important as we look to the future of climate change. Listen here.
Wall Street closed yesterday up on the hope of renewed talks between the U.S. and China and then...today...out came a report on U.S. manufacturing. That story and what happened on Wall Street opens up our first newscast of a new month:
- Manufacturing data weak...very;
- President Trump calls the Fed "pathetic";
- Facebook to sue the United States if Warren is elected;
- The "Wealth Tax" is back in the news;
- GM lays off thousands more;
- Amazon and NEW grocery stores;
- Amazon 3rd party sellers pay thousands to talk to a person.
Those stories and a look at what the top 23 employers in Iowa have to say about the economy moving forward. You might say it's a "mixed bag" in this interview with Georgia Van Gundy the Executive Director of the Iowa Business Council done for us by Jeff Stein the News & Program Director of News/Talk 1540 KXEL. Here is that story.
Thanks for listening!
Usually Laura Kinnard joins me each week to talk about business events happening in the Greater Des Moines Metro. This week we're changing things up to talk about creating an Iowa Immigrant Welcome Center that would be housed at the, now near empty, Southridge Mall location on the near southside of Des Moines. It's a project from Curated Growth a company started by Laura. Here with her is Patricia Grote from the Iowa International Center. Lots of reasons to like all of this.
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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