The Plan to Get America Building Big Ships Again

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 20 February 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The US is a dominant force in a number of important industries, but it's been lagging behind in one crucial area: shipbuilding. Today, there are about 80 US-flagged ships involved in global trade, compared to more than 5,500 China-flagged vessels. The worry is that the US has been falling behind in this important component of international commerce, and that the country's entire economy could be at risk of being choked off. The SHIPS for America Act is a rare bipartisan proposal that aims to address these concerns by getting America to build commercial vessels again. But how exactly do you go about reviving an industry that's been all but moribund for decades? We speak to Senator Mark Kelly, a Democrat from Arizona, and Senator Todd Young, a Republican from Indiana, co-sponsors of the bill, about their plan.

Read More:
US Lawmakers Seek to Bolster Shipbuilding at Home
The Shipping Industry Is Getting a Slew of New Vessels—Right as Demand Cools

Odd Lots is coming to Washington, DC! Get your tickets here.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Old trading walks into a bar. New trading raises it. Unlike some guys, Tasty Trade puts traders first.
0:08.7	Maybe you're the type to hunker down on your desktop for hours. Maybe you breeze by on your browser,
0:13.4	or maybe you just need that top-rated app right by your side. However you do it, TastyTrades got the
0:18.8	advanced tools you need to tackle stocks, options, futures, and more.
0:22.7	All in one place.
0:23.9	Chart your heart out with over 300 indicators.
0:26.6	See opportunity differently with interactive curve analysis.
0:29.9	Use backtesting to learn from the past and plan for the future.
0:33.2	The platform is only the beginning of better trading.
0:35.5	You'll also find low pricing, lots of education, and backup from a support team that really gets how traders trade.
0:42.0	It's no wonder, Investopedia named TastyTrade the best broker for options in 2024.
0:47.5	Genius loves company.
0:49.2	So get moving at Tastytrade.com slash ride with us.
0:53.7	Tasty Trade Inc. is a registered broker-dealer and member of FINRA,
0:56.9	NFA, and SIPC. Donald Trump has already changed the way we think about the U.S. economy.
1:02.6	Now he's back in the White House, and Bloomberg's Trumponomics podcast is here to help.
1:08.2	I'm Stephanie Flanders, head of government and economics at Bloomberg.
1:11.9	Whatever the big question of the week is, we'll have something interesting to tell you about it
1:16.0	in a lively conversation with the reporters and analysts closest to the action.
1:20.7	Listen to new episodes every Wednesday and follow Trumponomics on Apple Podcasts, Spotify,
1:25.8	or wherever you listen.
1:28.2	Hey there, Oddlots listeners. It's Tracy Alloway.
	...

Transcript will be available on the free plan in -40 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.