The moon landing was a giant leap for Silicon Valley
On July 20, 1969, the world watched as man set foot on the moon. But 50 years later, you can see the legacy of the Apollo missions in today’s tech. In fact, the mission to put a man on the moon was deeply tied to the birth of Silicon Valley. Today, we chart that path. Plus: “The Office” reruns as a cure for burnout and a conversation with the head of the Boston Fed.
Back to the budget brink
Lawmakers have just days to pass a budget deal before they leave for the August recess. Today we look at what’s in the deal, and what’s holding it up. Plus: How cities are dealing with the heat wave, and how Netflix lost American subscribers for the first time.
The cost of living (in Shanghai)
The Chinese government claims low inflation, but people in the financial hub of Shanghai complain that the cost of living is rising much faster. Last available figures put the average monthly wage in the city at 7,200 yuan or $1,047. Today, we look at what it’s like to live on that. Plus: the Fed and business leaders are puzzled by the economy, but consumers don’t seem to mind.
Big Tech’s big day on Capitol Hill
Facebook, Amazon, Google and Apple were on the defensive in Washington today, as Congress held hearings touching on cryptocurrency, election interference, antitrust concerns and more. It was a lot to take in, so we’ll spend sometime at the top of the show getting you up to speed. Plus: Why Nestlé’s launching a premium Kit-Kat, and the numbers behind the new camping economy.
The machines know when to hold ’em, and when to fold ’em
Professionals keep losing to Pluribus, an AI poker player that’s learned a new strategy for a bot: bluffing. Today, we look at what this kind of breakthrough could mean for artificial intelligence overall. Plus: the business of Prime Day and a new strategy to fight the affordable housing crisis.
I need a vacation from my vacation
More than half of American workers don’t use all their paid vacation days, and when they do, it’s with a fair amount of guilt. Plus: Alexander Acosta’s legacy at the labor department and a woman who found a career in counting cards.
What it really means when legislation “pays for itself”
You hear it all the time: White House officials, pundits and lawmakers will claim a piece of legislation will “pay for itself.” President Donald Trump’s economic adviser Larry Kudlow said just this week that big 2017 cuts were two-thirds of the way there. But what’s that really mean, anyway? We’ll take some time today to define some terms. Plus: How Europe’s heat wave is affecting its economy and why Amazon is investing.
What’s Jerome Powell thinking, in five words or less?
How about “Rate cut coming in July”? The Federal Reserve is sending strong, consistent signals that it’s gonna happen. Today, we’ll break down everything you need to know. Then: A new report shows most immigrants who entered the country legally are highly skilled and educated, ahead of President Donald Trump’s policy changes set to emphasize those attributes. Plus: A new combatant has entered the streaming war, and it brought “Friends.”