The markets were supposed to...go up today. That's not exactly what happened as as you can see by the close. Ouch Why and what else are in the news today:
- What happened on Wall Street and why;
- The U.S. has a problem with...productivity;
- Why watching productivity matters;
- Bank of American raises their minimum wage;
- You, yes you, are spending way too much on your vehicle;
- A grocery store story;
- A big soccer deal is headed to Des Moines, Iowa.
Those stories plus the organization that is taking on the high cost of prescription drugs is serious and elected officials at the federal and state level need to pay attention because these folks...vote. Brad Anderson is our guest and we'll talk about that and more. To listen, click here.
Thanks for listening!
Welcome to the Halloween Edition of the Business News Headlines...and yes, it was scary today on Wall Street. Stories we've got for you today:
- The comeback for J.C. Penny might mean less clothing and more yoga;
- Ford is closing another plant according to the tentative UAW contract;
- We've got a Halloween Candy story for you;
- The "go to" store for low income shoppers is....
- What happened and why on Wall Street.
Also today, Brad Anderson from AARP-Iowa joins me to chat it up about the Des Moines, Iowa City Council Forum they recently held. You'll learn about the top areas of concern for their membership, "complete streets", creating age friendly cities, new ideas for transportation...and more To listen to that conversation, click here.
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!
Each week I get to sit down with Laura Kinnard from Curated Growth, DMBizMixer.com, Drake University and DMACC and talk about some upcoming business events happening in the Greater Des Moines Metro. Today we're talking about money, the Des Moines Social Media Club and a host of things going on that you might want to know about. Want to know MORE about #DMBizEvents? Here you go!
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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The markets struggled all day and in the end the Dow missed making it back to the flat-line. It's the business news headlines for Thursday the 24th day of October. And, we've got a shorter segment today because we've got a rare two-part interview with the current Mayor of the City of Des Moines, Iowa, Frank Cownie. In the news:
- What happened today on Wall Street;
- Tesla is now the most valuable U.S. automaker;
- Flight Shaming...it's a thing;
- Twitter stock drops and we'll share why;
- Pot profits...going up in smoke.
Those stories plus a two-part long form interview with Mayor Frank Cownie. Mayor Cownie has served the city of Des Moines, Iowa for 16 years and he wants another four. I'll ask him why voters should reward him for that. Plus we'll talk about promises made and he says...kept. Here is Part One.
Then in Part Two we'll talk about the water issue that impacts not only Des Moines but also the surrounding communities that buy water from the Des Moines Water Works. We'll also get into flooding, climate change and more. Here is Part Two.
Thanks for listening!
If you like roller coasters you must love Wall Street today. Up and down, up and down as investors chewed over some earnings reports and fret about Brexit, China and global growth. In our newscast today:
- Are you really making $7,000 more today?
- The Wek Work Meltdown and $1.2 billion;
- Sunday Riley did an opps...
- Affordable housing? How about shipping containers;
- Got some extra cash? Be like some "A List" stars.
Those stories plus a Small Business Spotlight that shines on entrepreneur Chris Seuntjens who has, now, three companies and they are all on the move. Christoper's Rare Coins, Christopher's Fine Jewelry and Chrystal Clear Showcases. Retire? Not hardly. Meet Chris here.
Thanks for listening!
Yesterday everybody was excited about earnings reports...today...not so much. We've got a full boat for you let's get started:
- Yesterday was a memory as retail sales numbers sank Wall Street;
- The United Auto Workers and General Motors...a settlement?
- Need new tires before winter? We've got a tip;
- Airlines are fretting over the return of the Boeing Max 737;
- The ghost of 2016 comes back to haunt Wells Fargo;
- Big meat is falling in love with...no meat.
Those stories plus my two-part interview with Des Moines mayoral candidate former Sen. Jack Hatch. In Part One we'll review who Jack is and why he is running. He'll talk about water, Des Moines, education and "forgotten neighborhoods". Here is Part One.
Then in Part Two we'll talk about something nobody seems to want to discuss and that is the crushing poverty just outside of downtown. He's got some ideas and we were eager to listen. Plus, and yes, we'll talk about potholes. Here is Part Two with Jack Hatch.
Thanks for listening!
Wall Street had a party today as President Trump said the first step in a trade agreement with China is about to be drafted....that caused the Dow to climb by over 319 points. Today:
- A trade deal but few details as of now;
- Older model used cars are rising in price;
- Americans are behind on car payments;
- Tesla and it's autopilot...good or bad?
Those stories plus Jeff Pitts from Cityview Magazine is with us riffing about "Stuff to DO in the Des Moines Metro" this weekend into next week. To listen to that, just click here.
Thanks for coming by!
