The trade war is already over

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The trade war is already over

FromPOLITICO Money

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Length:

26 minutes

Released:

Jan 2, 2019

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Podcast episode

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The Chinese and U.S. economies are likely to slow in 2019, giving President Donald Trump and Chinese President Xi Jinping no choice but to declare a truce in their ferocious trade battle, according to a top Wall Street strategist.

Released:

Jan 2, 2019

Format:

Podcast episode

Titles in the series (100)

Meet at the intersection of Washington and Wall Street with the most influential minds on the economy. Every Wednesday, Ben White and the POLITICO team will help you understand the economic and financial policies that move markets in the U.S. and around the world.

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Get smart on the tax debate: Want to sound smart when your Thanksgiving conversation invariably turns to marginal tax rates and corporate hiring behavior? Ben White hosts a reporter roundtable featuring Nancy Cook, Seung Min Kim and Brian Faler, join the group as they unpack the Republican tax cut effort from every angle. The issues explored include: Why are Republicans doing this now when the economy seems to be doing fine? Will it really light a fire under growth and drive up wages? Can the GOP cross the finish line and get a bill to President Donald Trump’s desk? And if they do, will they live to regret it given polls show most Americans don’t like what Republicans are doing? by POLITICO Money
40 min listen
Senator Tom Carper on infrastructure funding, Amtrak improvements and the Detroit Tigers: Top Democrat on the Senate Environment and Public Works Committee Senator Tom Carper discusses the crumbling state of infrastructure in the country and how much the Trump administration is reportedly willing to spend to make necessary improvements. Carper also talks about his daily Amtrak commute, why he's loved the Detroit Tigers since he was a child ,and his trusty mini-van with over 400,000 miles on it. by POLITICO Money
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Larry Kudlow on fixing the business tax rates, supply side economics and getting sober: Former adviser to President Ronald Reagan and CNBC contributor Larry Kudlow discusses his role in shaping the Trump tax plan and where Republicans went wrong with the individual side cuts. Kudlow explains why he believes the cutting the corporate rate will raise the U.S. growth rate to 3 or 4 percent, and how trade would be impacted if the United States pulls out of NAFTA. Plus, Kudlow recounts his struggle to get sober to in the 90's and how it was a crucial turning point in his life. by POLITICO Money
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Treasury Secretary Steven Mnuchin on taxes, Trump's tweets and Hamilton: Steven Mnuchin opens up about his relationship with President Trump and how he became treasury secretary, what's on his bookshelf, the Lakers, and D.C. versus L.A. Plus, the treasury secretary tells Ben White a tax overhaul is guaranteed by the end of the year. by POLITICO Money
29 min listen
POLITICO Money coming October 18: Join Ben White and the POLITICO team every Wednesday as we take listeners inside the world of Wall Street and Washington. We'll unpack major news moments, hear from leading voices on the economy, and help you understand the policies that move markets. Our first episode with Treasury Secretary Steven Mnuchin will debut October 18. by POLITICO Money
2 min listen
Former U.S. trade chief: After tax cuts, watch America's trade deficit surge: Michael Froman says that more government borrowing from the new tax plan will likely boost the U.S. trade gap despite Trump's wishes. The former U.S. trade chief discusses why trade frequently becomes a scapegoat for economic anxieties, the consequences of pulling out of TPP and why trade deficits aren't necessarily a bad thing. by POLITICO Money
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To make the economy great again, bring women back to the workforce: A new report from Standard & Poor's chief U.S. economist Beth Ann Bovino says that the economy may be bolstered not by tax cuts, but by getting more women into the workforce and providing more incentives for them to stay. Bovino joins Politico's Ben White to discuss her report, the economic cost of sexual harassment in the workplace and how the U.S. could take a few lessons from Norway. by POLITICO Money
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What does a dairy farmer know that Trump doesn't?: Dairyman Pete Wiersma shares a few hard economic realities from the pastures of Idaho: a tightening labor pool and little control over milk prices. Then economist Mark Zandi explains how reduced immigration and escalating trade spats could make things worse. by POLITICO Money
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Chuck Schumer on negotiating with Trump, renominating Yellen and baseball heartbreaks: Senate Minority Leader Chuck Schumer has an odd-couple friendship of sorts with President Donald Trump. But the Senate minority leader says it's a purely transactional relationship and Democrats won’t cut any more deals with the White House on taxes or anything else until Trump's Republicans-only approach fails. by POLITICO Money
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Top Trump economist on tax policy and pulling Americans back into the workforce: Council of Economic Advisers Chair Kevin Hassett discusses tax policy and the claim that proposed cuts will add at least $4,000 in increased wages per household over the next several years. Hassett also opens up about being "the nice guy" in a tumultuous political environment, the role of the Council of Economic Advisers, and his belief that some Americans are so disconnected from the workforce that the best idea to get them working again could be a federal jobs program. by POLITICO Money
43 min listen
BONUS: Trump picks Powell: President Donald Trump ended months of reality show-style speculation by picking Jay Powell to lead the central bank, settling on a seasoned veteran for one of the world's most important economic jobs and signaling there won't be drastic changes at the Fed. In a bonus episode of POLITICO Money, Ben White and Victoria Guida dive into why the president chose Powell, if he'll actually be all that different from Janet Yellen, and what this means for the markets. by POLITICO Money
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Are tax cuts worth adding $1 trillion in debt?: Top Republican economist Douglas Holtz-Eakin criticizes tactics in the tax debate, but says he expects stronger economic growth as a result. Holtz-Eakin discusses the disappearing American dream, staying in your lane in Trump's Washington and why Republicans should just be straight about the bet they are making on growth and higher deficits. by POLITICO Money
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Trump and taxes goosing stocks? This Wall Street titan downplays both: Blackstone President Tony James joins POLITICO Money this week to discuss the Republican's tax reform plan, the stock market's stability, and if Hillary Clinton's Wall Street ties ultimately cost her the 2016 election. James also explains why he does not believe that the markets are crying out for corporate tax cuts and how specific provisions in the tax reform bill would hurt business growth. by POLITICO Money
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Former Treasury Secretary Jack Lew: 'The world is on the edge right now': Former Obama Chief of Staff and Treasury Secretary Jack Lew discusses the Trump administration's "luck" this far, the stock market's resilience to global threats, and how he raised spirits in the White House following Hillary Clinton's 2016 loss. by POLITICO Money
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Larry Summers warns Trump on stock market brags: Former Treasury Secretary Larry Summers sits down with Ben White to discuss the pitfalls of presidents taking credit for the stock market's performance, his criticisms of the GOP tax plan and his tenure at Harvard. Summers also reflects back on his failed candidacy to become chair of the Federal Reserve four years ago and his commitment to maintaining an "optimistic" outlook. by POLITICO Money
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Stock market volatility is back. Mohamed El-Erian says that may not be a bad thing.: Mohamed A. El-Erian, chief economic adviser at Allianz, analyzes the recent chaos in the stock market and what it means for the country's larger economic picture. El-Erian also discusses the tax cut, running a responsible deficit and if the recent Fed Chair change contributed to the downturn. by POLITICO Money
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The year ahead at the intersection of Wall Street and Washington: POLITICO's Ben White, Nancy Cook and Aaron Lorenzo dig into President Donald Trump’s likely agenda for the year, which could include demands for a border wall, tough actions on trade and at least an attempt to get bipartisan support for a major infrastructure bill. They also explain the weird stuff that happened with the tax cut bill over the holiday break including homeowners in blue states racing to prepay their 2018 property taxes and states looking at creative solutions including turning their incomes taxes into fully deductible charitable contributions. by POLITICO Money
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Sallie Krawcheck on why Wall Street hasn't had its "Me Too" moment: Former top executive at Citigroup and current CEO of Ellevest Sallie Krawcheck has some ideas for why the testosterone-fueled world of Wall Street has not yet had a 'Me Too' moment. Sallie also discusses combating "mansplaining" and how financial independence impacts women's politics. by POLITICO Money
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Go inside the 2018 Milken Global Conference with Ben: Ben White takes listeners inside one of the most prominent financial conferences of the year, the 2018 Milken Global Conference. The show features highlights from celebrity interviews, hallway interviews and an excerpt from the "Financial Regulation: New Era, New Regulators" panel. by POLITICO Money
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Senator Jim Inhofe urges action from White House on infrastructure: Oklahoma Republican Senator Jim Inhofe discusses working with the White House on an infrastructure proposal, where the $1 trillion in funding would come from, and how the shutdown affected the agenda item's timetable. Inhofe also discusses President Trump's nontraditional leadership style and why Trump's tweets have been "helpful" in chastening North Korea. by POLITICO Money
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Does the city of the future know too much about you?: Google is building a city of the future in Toronto, with self-driving cars, delivery robots, and snow-melting sidewalks. But will it also know what you did last night? by POLITICO Money
30 min listen
What the new NAFTA tells us about the trade war with China: Alexander Panetta, editor of POLITICO Pro Canada, and South China Morning Post U.S. correspondent Owen Churchill join POLITICO's Ben White to discuss the implications of the USMCA – and how it’s being viewed in China. by POLITICO Money
42 min listen
Austan Goolsbee: Trump's Fed tweet raises alarm bells: Former top Obama economic adviser Austan Goolsbee joins POLITICO Money to discuss President Trump potentially putting political pressure on the Federal Reserve. Goolsbee also reflects back on his own experiences in the Obama administration, especially leaving the White House on the day in 2011 when Standard & Poor’s downgraded U.S. debt for the first time ever in the midst of a bitter debt limit crisis. by POLITICO Money
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Behind the bitcoin bubble: Is the cryptocurrency's rise just beginning or near its end? In the latest POLITICO Money podcast, experts pick apart the bitcoin speculation. by POLITICO Money
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Fed Chair Jay Powell's first big Capitol Hill test: Newly installed Federal Reserve Chairman Jerome "Jay" Powell turned in a smooth inaugural performance on Capitol Hill on Tuesday, parrying both Republican and Democratic attempts to get him to make news. Ben assesses the top takeaways from the testimony and welcomes Glenn Hubbard, Dean of the Columbia University business school and close friend of Powell’s, to discuss the Fed Chair's economic outlook. by POLITICO Money
22 min listen
Steel cage death match over trade: Ben White and POLITICO's Doug Palmer tick down the list of trade tiffs, brawls and all-out steel cage matches currently underway by the Trump administration. Then Marianne LeVine weighs in with a look at a sector that's actually winning as trade disputes simmer over: lobbyists. by POLITICO Money
32 min listen
Sen. Warner on punching your friends in the nose: Sen. Mark Warner (D-Va.) takes the Trump administration to task on trade, describing a "punch your friends in the nose" approach that could hurt jobs and rile markets. He also updates Politico's Ben White on efforts to block the Commerce Department's plan to throw a lifeline to China's ZTE. But most importantly, he reports on the size of the crowds celebrating the Stanley Cup outside his office. by POLITICO Money
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Get smart fast: Trump, trade, and the next recession: Economist and unrepentant Red Sox fan Megan Greene tells you everything you need to know but were afraid to ask about U.S. financial health-- what's really behind the uptick in growth, how long the happy days will last, and what's likely to trigger the next recession. by POLITICO Money
31 min listen
A user's guide to Larry Kudlow: POLITICO White House reporter Nancy Cook joins Ben White to talk about the interview they had with Larry Kudlow, the Director of the United States National Economic Council as he transitions into working for the Trump administration. by POLITICO Money
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The secret to trade talks: ‘The powers of single malt scotch’: Former USTR Ron Kirk talks about what it's like to be in the room when trade negotiations are happening. by POLITICO Money
30 min listen

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The trade war is already over

The trade war is already over

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