Economy & Business

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Choice of Mnuchin troubles housing activists

Nov 30, 2016
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Sabri Ben-Achour

Donald Trump has tapped financier, Hollywood producer and hedge fund manager Steven Mnuchin as Treasury Secretary. In that role, Mnuchin would have quite a lot to say about housing, finance and policies related to mortgage lending. Mnuchin has been involved in lending before, and it didn't go well for many homeowners.

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Kai Ryssdal

In case you really needed it — here's one more indication the Trump administration will be like no other.

We've talked about Mr. Trump's tweets this morning about leaving his business operations.

Here are Trump’s options for the Trump Organization

Nov 30, 2016
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Mark Garrison

Today, President-elect Trump tweeted that he’ll hold a news conference next month to discuss “leaving my great business in total,” adding that “legal documents are being crafted which take me completely out of business operations.” There’s still a lot unsaid and unclear about how a new arrangement will actually work and whether it will address bipartisan concerns about potential business conflicts affecting his presidency.

In a series of tweets Wednesday morning, President-elect Donald Trump tried to tamp down growing concerns that he will not separate his vast global business interests from his role as head of the U.S. government.

Trump is promising to hold a "major news conference" in two weeks to talk about how he's turning his empire over to his children.

What we still don't know about the Carrier deal

Nov 30, 2016
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Kai Ryssdal and Bridget Bodnar

News that a heating and air conditioning equipment manufacturer called Carrier was canceling plans to move some of its production from Indiana to Mexico made national headlines last night. That’s because the deal was reportedly brokered by the incoming Trump administration. James Briggs is a business reporter and columnist at the Indianapolis Star and wrote about the deal.

President-elect Donald Trump has chosen Wilbur Ross Jr., a billionaire investor and turnaround specialist, as his commerce secretary.

Ross announced his selection Wednesday during a joint CNBC interview with longtime Wall Street banker Steve Mnuchin, Trump's pick for Treasury secretary.

"Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed," Trump said in a statement announcing his choice.

President-elect Donald Trump has picked his campaign finance chairman, Steve Mnuchin, to be his Treasury secretary. The Wall Street banker spent 17 years at Goldman Sachs, where he was a partner, and is now chief executive of Dune Capital Management, a privately owned hedge fund.

Mnuchin confirmed his selection Wednesday during a joint CNBC interview with billionaire investor Wilbur Ross Jr., who has been tapped for commerce secretary.

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Molly Wood

As President-elect Donald Trump makes his flurry of cabinet appointments in the coming weeks, there's one post that we tech nerds are awaiting with bated breath: chairman of the Federal Communications Commission.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

Weekly Wrap: Trump's economic team

Nov 30, 2016

Nela Richardson of Redfin and Felix Salmon of Fusion join Kai Ryssdal to unpack all the business and economic news we've heard this week. With the addition of Steve Mnuchin and Wilbur Ross, how will the Trump team execute their tax cut plan? Will companies really be able to use money stored overseas to boost domestic revenue? Also, how will Donald Trump stay true to his anti-establishment, "drain the swamp" promise by appointing hedge fund managers and Goldman Sachs employees?

Marketplace for Wednesday, November 30, 2016

Nov 30, 2016
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Marketplace

On today's show: A special mid-weekly wrap with Nela Richardson of Redfin and Felix Salmon of Fusion about President-elect Donald Trump's nominations for Treasury and Commerce secretary. We talk about President-elect Trump saying that he would leave his business "in total" and how Treasury Secretary appointee, Steve Mnuchin, could most directly influence our personal economies is in his oversight of mortgage lending policy. Also: An investigative piece from Marketplace and APM reports that found last minute changes to an EPA fracking study downplayed the risks of water pollution. 

Trump's economic vision comes into shape

Nov 30, 2016
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Kai Ryssdal and Andrea Seabrook

Billionaires Steven Mnuchin and Wilbur Ross have been appointed Treasury and Commerce Secretary by President-elect Trump. Carrier Air Conditioning announces it will keep 1,000 jobs in Indiana after originally planning to move them to Mexico. Kai Ryssdal, Marketplace's Washington Bureau Chief Andrea Seabrook and Bloomberg's Brendan Greeley discuss what that will mean for the next four years of Trump-onomics. Got questions about the economy under a Trump presidency?

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

The latest from the new Trump administration

Nov 30, 2016

On today's show, we'll discuss Trump's decision to make Steven Mnuchin our next Treasury secretary; talk about the president-elect's plans to step away from his business interests; and look at which countries Mexican men and women are migrating to. 

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Mark Garrison

President-elect Trump says he’s readying plans to step back from his business interests as president, but there’s a lot we still don’t know about exactly how he will do this and whether it will resolve growing concerns about potential business conflicts.

In a series of Tweets Wednesday morning, he said, “I will be leaving my great business in total,” adding that “legal documents are being crafted which take me completely out of business operations."

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