Bad data killed the video star
China’s economic growth hit a 10-year low in the third quarter, the lowest since the financial crisis. Consumers are showing signs of consuming less. We'll look at what that means for the economy at large. Plus, we hear from an Irish farmer at the Northern Ireland border about how Brexit affects him. Then we'll tell you everything you need to know about Facebook's scandal involving a pivot to video. But first, we'll recap the rest of the week's business and economic news.
Wasn't that big tax cut supposed to pay for itself?
There’s been a lot of talk lately about the budget deficit. At last count, it's up 17 percent over last year — the government spent $779 billion more than it collected in taxes. Seems we're paying the price for one of the biggest tax cuts in history. But wasn't that cut supposed to pay for itself? Then: African-Americans are more scared of a recession than white Americans, according to the latest Marketplace-Edison Research Poll. We'll look at how communities of color are still recovering from the last recession. Plus, the big business of disaster cleanup.
China's secret weapon
A majority of Americans believe the United States is in a trade war with other countries, according to the latest edition of the Marketplace-Edison Research Poll, which is out today. As trade tensions with China increase, so too has the concern that the country could weaponize its large holdings of U.S. debt, selling its reserves suddenly in an attempt to destabilize the U.S. economy. We'll talk about what that could mean for the trade war. Then, we talk with five participants from our poll about what financial security means to them. Plus, the big business of secondhand luxury with the CEO of The RealReal.
When does the deficit start to matter?
Corporate tax cuts from earlier this year have helped drive up the deficit, and lawmakers are debating ways to pay it down. We'll look at how the deficit works and how politicians like to use it. Then, the U.S. posted more than 7 million jobs in August. Why are so many of them in transportation? Plus, 10 years after the financial crisis, Americans are still less likely to own a home than before the crash. We'll look at what's keeping them out of the market.
After Brexit, will the the Rock of Gibraltar stay British?
Gibraltar, on the southern tip of Spain, is a British territory. It’s also one of Europe’s most prosperous economies. But could Brexit change all that? We'll take a closer look at the territory caught in the middle. Then, an unintended consequence of the trade war: As the Trump administration doles out $12 billion in aid for farmers hurt by tariffs, a lot of produce has found its way to food banks. Plus, what the disappearance of journalist Jamal Khashoggi could mean for the American and Saudi economies.
Here come the consultants
With an avalanche of tariffs to navigate, companies are facing a lot of uncertainty over how to plan ahead. Meanwhile, business is booming for trade consultants. We'll talk about it, but first: mortgage rates have hit a seven-year high, and Obamacare prices are dropping for the first time. What's going on? Plus, how nonprofits fund raise after scandal.
What's better than no fees? Negative fees.
Roughly one in three people in the United States have less than $5,000 in retirement savings, but for those lucky enough to have some money stashed away, the cost of investing has been getting lower and lower. Management fees for mutual funds have dropped to fractions of a percent over the last decade, and some funds have no fees. So what's driving the fee wars? What do institutions get out of it? We'll talk about it. Then, a conversation with Ahmir Khalib Thompson, better known as Questlove of the legendary Roots crew, about deciding to accept his biggest job offer. Plus, what you need to know about this week's market turbulence.
Register to vote or die
We're a couple weeks away from the midterm elections, and it's crunch time for voter registration. Political organizations and campaigns have spent millions on voter registration efforts targeting young and diverse voters, but will it work? Also on today's show: Amid trade tensions, the value of the Chinese yuan has been falling against the dollar, which has both the United States and China worried. Plus: How YouTube is changing parenting and the entertainment industry for children.