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.
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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.
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We went from worrying about the economy in Europe to the trade war with China to...impeachment and all of it had an impact on the markets. It's the Business News Headlines for Thursday the 26th of September, thanks for being with us. Here's what we've got on tap:
- The markets, for the second time this week are hit by impeachment talk;
- General Motors does a turn-a-round on heath care;
- Mobile, Alabama is...worried;
- That Social Security raise...may not be much...if any;
- An IPO that went south...really south today;
- Women are starting businesses at a fast clip and the town that boasts the most?
Those stories along with a conversation with Jim De Kruif from First Point Wealth Management part of First National Bank. Jim took me up on my offer for anybody from the Johnston, Iowa Chamber to join me for an interview and we had a great conversation. Click here to listen!
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I was asked to present to the Johnston, Iowa Chamber of Commerce a community of roughly 18,000 people just north of Des Moines. Following my presentation I offered my microphone to anybody who would like to chat a bit about business. Jim De Kruif from First Point Wealth Management which is part of First National Bank took me up on my offer. Here is that conversation AND here is the link to his upcoming free seminar, "Income for What's Next".
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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Remember yesterday? You know when the talk of impeachment sent the markets down? Well, forget about it. Today the president said there would soon be a deal with China and guess what happened! That story and these:
- White Working-Class Americans...dwindle;
- Health Care Insurance - Unsustainable?
- You love convenience and how we know;
- New housing news;
- Jimmy John's gets eaten;
- Meatless Meat News;
- Juul in big trouble.
Those stories plus a conversation with two time Olympian and Gold Medalist Kerri Strug. We talk business, family, and of course the Olympics. You can hear our conversation right here.
Thanks for listening!
If it's not China it's consumers, if it's not consumers it's impeachment. The markets whipsawed today by worries that President Trump may not survive a congressional inquiry. The Dow lost 142 points to 26,807 the Nasdaq was off by 118 points and the S&P 500 down by 25 points. Wall Street had issues today. Also in the news:
- Consumers are not as jolly about the economy;
- The thing you don't know about is called the REPO Market;
- The new "Wealth Tax" from Sen. Bernie Sanders;
- Big Pharma fights against lower prices;
- A beer IPO may be a really, really big deal.
Those stories and our guest for The Interview is Matt Kiernan from CLE Productions. We'll talk about the magic they make for events plus you'll be invited to a CLE Production Talks featuring international planned events thought leader Professor Joe Goldblatt. You can listen in to all of that here.
The markets struggled all day over concern about recent financial issues in Europe and in the end the major markets were up only slightly. In other business news on this Monday:
- A travel agency goes under and strands thousands of people;
- Where are American's on a national health care program;
- Apple to return to Austin for manufacturing at least one computer;
- More layoffs for General Motors workers;
- Music, the law and "Stairway to Heaven".
Also today Laura Kinnard joins us to talk it up about business events in the Greater Des Moines Metro this week. You can hear all of that right here.
And we're talking mental health with Peggy Huppert from NAMI-Iowa. If everything is being blamed on mental health issues why aren't we paying more attention to funding program that will...work? And, that's just the first question. Click here to listen.
Thanks for listening!
Each week Laura Kinnard from DMBizMixer joins me to chat it up about business events happening in the Greater Des Moines, Iowa Metro. From finance to social media, to networking she's always got places to go to see and be seen. Here is Laura with this week's business chatter:
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.
Our Sponsors
AARP-Iowa
National Tractor Parts Dealer Association
Oasis - A Paychex Company
Tero International
