Amid turmoil, firms cling to their employees
Marketplace All-in-One
Marketplace
4.8 • 1.3K Ratings
🗓️ 17 April 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
First-time jobless claims have been pretty stable since the start of March — unlike many other parts of the economy. President Donald Trump’s tariffs and immigration restrictions may not be ideal for businesses, but they could give companies a reason to hold on to workers. Also in this episode: The European Central Bank cuts its key interest rate, get that EV tax credit while you can, and a martial arts master stays in Altadena, California, after losing her studio in the wildfires.
Transcript
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| 0:00.0 | On the program today, the politics of this economy, but not in a good way. |
| 0:08.4 | From American public media, this is Marketplace. |
| 0:19.4 | In Los Angeles, I'm Kyle Rizzdahl. It is Thursday today, the 17th of April. Good as always to have you along, everybody. |
| 0:27.7 | It has been a long while since we led this program with a social media post by the President of the United States. |
| 0:34.4 | But all good things must come to an end, I suppose. In the wee small |
| 0:39.2 | hours of this morning, President Trump took to his truth social account. And while complaining |
| 0:44.1 | about Fed Chair J. Powell and how the central bank is not cutting interest rates fast enough to suit |
| 0:48.4 | the president, he said, and here I quote, Powell's termination cannot come fast enough. |
| 0:55.9 | So the president was asked about that today in the Oval Office. |
| 1:00.8 | He says he won't leave in it, even if you ask him to. |
| 1:03.7 | Oh, he'll leave. |
| 1:04.5 | If I ask him to, he'll be out of there. |
| 1:06.1 | But I don't think he's, I don't think he, I don't think he's doing the job. |
| 1:11.4 | He's too late, always too late. |
| 1:14.1 | A little slow, and I'm not happy with him. |
| 1:18.5 | I let him know it. |
| 1:20.4 | And if I want him out, he'll be out of there real fast, believe me. |
| 1:25.9 | That, of course, obliged us to go to our archives, Chair Powell's press conference two days |
| 1:31.7 | after the November election. |
| 1:34.0 | Hi, Victoria Aguena with Politico. |
| 1:36.4 | Some of the president's elects advisors have suggested that you should resign. |
| 1:41.4 | If he asked you to leave, would you go? |
... |
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