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President-elect Donald Trump has promised that he'll ask Congress to repeal the Affordable Care Act on Day 1 of his administration. So if you're shopping for coverage on the health insurance marketplace now, should you even bother signing up? If everything's going to change shortly after coverage starts in January anyway, what's the point? While it's impossible to know exactly what changes are coming to the individual market and how soon they'll arrive, one thing is virtually certain: Nothing...

Copyright 2016 NPR. To see more, visit http://www.npr.org/. RENEE MONTAGNE, HOST: Truffles, the wildly expensive fungi, are in season again. And if you head to some of New York's fancier restaurants you'll find them being shaved over $100 plates of pasta. Stacey Vanek Smith from our Planet Money team followed one truffle dealer on his rounds. STACEY VANEK SMITH, BYLINE: I meet Ian Purkayastha at a warehouse in Queens. It's late morning and a big shipment of truffles has just come in from...

The Dow Jones Industrial Average closed up more than 1 percent Thursday at an all-time high of 18,807.88, as investors bet that the Donald Trump presidency will mean less regulation and more potential stimulus spending. Specific policies remain to be seen, but the president-elect pledged during the campaign to dismantle regulations, especially the Dodd-Frank financial law , which is now boosting financial stocks. Pharmaceutical stocks posted more gains Thursday, on the anticipation that the...

In 2016, the polls got it wrong. They failed to predict that Donald Trump was winning key battleground states. But a startup in San Francisco says it spotted it well in advance, not because of the "enthusiasm gap" — Republicans turning out and Democrats staying at home. Instead, the startup Brigade 's data pointed to a big crossover effect: Democrats voting for Trump in droves. The company built an app that asks a simple question: Which candidate are you going to vote for? It's like what...

During his presidential campaign, Republican Donald Trump said he would "get rid of" Dodd-Frank — the sweeping legislation passed in 2010 to address problems underlying the 2008-2009 financial crisis. Many Republicans hate the 2,300-page law, saying it is layered with far too many regulations. But Democrats say it provides valuable oversight of an industry that they believe took too many risks on Wall Street and too much advantage of customers on Main Street. Now President-elect Trump's...

Copyright 2016 NPR. To see more, visit http://www.npr.org/. AUDIE CORNISH, HOST: Another big promise Donald Trump made during the campaign - cutting taxes. But there's some confusion over how much he wants to cut. NPR's Planet Money team is trying to nail down how a Trump presidency could affect the economy. Here's Robert Smith on the mysterious trillions that are missing in Trump's tax plan. ROBERT SMITH, BYLINE: Back when nobody was taking Donald Trump seriously, a group called the Tax...

The number of cigarette smokers in the United States has dropped by 8.6 million since 2005 — and that fall could be accelerated by a tobacco tax just passed in California. The Centers for Disease Control and Prevention says smoking rates have fallen from 21 percent of the adult population in 2005 to 15 percent in 2015, when the agency conducted its latest survey. The smoking rate fell by 1.7 percentage points between 2014 and 2015 alone – a substantial decline, according to a report Thursday...

Randall Stephenson, the CEO of AT&T, has been making headlines of late with his proposed $85 billion merger with Time Warner. But just before those plans were announced last month, Stephenson raised eyebrows for another reason. In a room full of AT&T employee support groups, Stephenson gave an impassioned speech on race relations. "Our communities are being destroyed by racial tension, and we're too polite to talk about it," he said. "I'm not asking you to be tolerant of each other. Tolerance...

http://www.youtube.com/watch?v=sr6lr_VRsEo http://www.youtube.com/watch?v=wuz2ILq4UeA http://www.youtube.com/watch?v=0DPDIkuU_cY http://www.youtube.com/watch?v=XqWig2WARb0 http://www.youtube.com/watch?v=KOE7-pJIP0k http://www.youtube.com/watch?v=pSLOnR1s74o Every year, the British retailer John Lewis pulls out all the stops on a single, cinematic Christmas ad. You might remember last year's tearjerker, with a lonely old man on the moon and a fateful glance through a telescope. This year,...

Toy Hall Of Fame To Reveal Class Of 2016

Nov 10, 2016

Copyright 2016 NPR. To see more, visit http://www.npr.org/. DAVID GREENE, HOST: Good morning. I'm David Greene. It is time. Here's the list of 2016 finalists for the National Toy Hall of Fame. Some of the nominees are Care Bears, Transformers, Rock 'Em Sock 'Em Robots, Nerf foam balls - God, I love those at the beach - also Uno the game, pinball, Dungeons and Dragons, the swing - that's a simple one and also... (SOUNDBITE OF BUBBLE WRAP RUSTLING, POPPING) GREENE: ...Bubble wrap. It's MORNING...

Copyright 2016 NPR. To see more, visit http://www.npr.org/. RENEE MONTAGNE, HOST: And President-elect Trump captured many votes from workers who have been hurt by globalization, promising he would rip up or renegotiate free trade deals. Analysts say pulling out of those deals could severely affect the U.S. and global economy, as NPR's Jackie Northam reports. JACKIE NORTHAM, BYLINE: Blasting free trade agreements like NAFTA was always a surefire way for President-elect Trump to rile up the...

The response of China's state-controlled media to Donald Trump's victory seemed almost gleeful. Xinhua wrote that the 2016 presidential election "sent a clear signal that the U.S. political system is faltering," and regular CCTV guest Zhang Shaozhang gushed "Trump wins, as expected!" on his Weibo page. Zhang, a military professor at the People's Liberation Army National Defense University who holds the rank of rear admiral in China's navy, went on to write: "Trump doesn't play by the rules...

Never before has someone ascended to the presidency owning the kind of complex network of businesses that Donald Trump operates. Trump has promised to turn his company over to his three grown children to run once he's sworn in. But he has refused to do what other presidents have done to insulate himself from conflicts of interest. Trump's new hotel on Pennsylvania Avenue in Washington, not far from the White House, is built in a grand old federal post office building. He had to negotiate with...

During his campaign, Donald Trump called climate change a hoax. And he vowed to abandon the Paris climate agreement signed last year by President Obama and almost 200 countries. It probably wouldn't be hard for Trump to dump the climate deal. In Paris, the world's nations pledged to reduce their emissions of greenhouse gases. But the pledges are voluntary. And Jason Bordoff, a former energy adviser to the White House and now with Columbia University, says that gives Trump an opening. "If a...

U.S. stocks closed up Wednesday. It was a dramatic reversal from the deep losses in overnight trading . Investors were concerned that Donald Trump's unexpected victory would create uncertainty and damage the overall view of the U.S. economy. Overnight financial markets reacted with fear as Hillary Clinton's loss became apparent. Throughout the summer and into the fall, U.S. markets had behaved quietly, as investors became confident of a Clinton victory. In late October, when it appeared the...

Episode 734: The Trump Indicators

Nov 9, 2016

Donald Trump won the presidency in a huge upset. And while most of us were watching the polling numbers creep in from various counties in in Iowa, Pennsylvania and Florida, the markets were going crazy. For today, we wanted to capture a little bit of what's happened in the economy just over the past 24 hours. So we are bringing back the Planet Money indicator: That's where we take a number from the news and try to unpack it a little bit. Today's show is about three indicators. Three numbers...

Donald Trump's election early Wednesday as president — utterly unprecedented, utterly unexpected — caught the media flat-footed. The distance between the nation's political press corps and its people has never seemed so stark. The pundits swung and missed. The polls failed. The predictive surveys of polls, the Upshots and FiveThirtyEights, et al. with their percentage certainties, jerked violently in the precise opposite direction of their predictions as election night progressed. And now...

Voters in three cities in California passed ballot measures to place a one cent-per-ounce tax on sodas and other sugar-sweetened beverages, a move aimed at tackling obesity. In San Francisco, 62 percent of voters cast their ballots in favor of the tax on sugary drinks. Similar measures passed in Oakland and Albany, Calif. In addition, the city of Boulder, Colo., passed a 2 cents-per-ounce tax. "The growing worldwide movement to tax sugary beverages can no longer be stopped," wrote Harold...

Building a better economic future for Americans who feel they've been left behind was a key component of Donald Trump's message during his campaign. It resonated strongly with white, working-class voters: manufacturing workers hurt by globalization, coal miners hurt by the movement to cleaner energy, and others. But what will the details of Trump's economic policy agenda actually look like? At this point that's kind of opaque — he has no political track record, and his statements about the...

Copyright 2016 NPR. To see more, visit http://www.npr.org/. ROBERT SIEGEL, HOST: One of the day's many surprises was the way stock markets in the U.S. and Europe responded to the election news. The Dow Industrial's gained 256 points, about 1.4 percent. The conventional wisdom had been that a Trump victory would bring a big sell-off in the markets. NPR's Yuki Noguchi explains why that didn't happen. YUKI NOGUCHI, BYLINE: Andy Cross spent last night staring into various screens, tracking...

During his campaign, President-elect Donald Trump often was fuzzy on details of his economic plans. But he was clear about one goal: getting much tougher on trade relations with our most important partners, i.e., China, Canada and Mexico. Analysts say they don't doubt he will follow through. "We are definitely shifting to a world where the landscape is far less favorable to trade," said Eswar Prasad, professor of trade policy at Cornell University. These are the three most likely steps to be...

Drowning your sorrows or celebrating last night's election results with booze? If fancy mixed drinks are your tipple of choice, there's no need to leave the house to imbibe. Craft cocktails are now coming to your mailbox. As meal kits have gained market share — Technomic, a food consulting firm, estimates that the market for meal kit subscriptions will grow up to a total market of $5 billion by 2025 — cocktail subscription boxes have followed. The concepts are similar: Just as companies like...

Republicans have been vowing for six years now to repeal the Affordable Care Act. They have voted to do so dozens of times, despite knowing any measures would be vetoed by President Obama. But the election of Donald Trump as president means Republican lawmakers wouldn't even have to pass repeal legislation to stop the health law from functioning. Instead, President Trump could do much of it with a stroke of a pen. Trump "absolutely, through executive action, could have tremendous interference...

President-elect Donald Trump has promised over and over in recent months that he will repeal and replace the Affordable Care Act, also called Obamacare, when he reaches the White House. "Obamacare is a disaster. You know it. We all know it," Trump said at a debate last month. "We have to repeal it and replace it with something absolutely much less expensive." Now that Trump will move into the Oval Office in January, the question is whether he'll be able to completely repeal the six-year-old...

Copyright 2016 NPR. To see more, visit http://www.npr.org/. STEVE INSKEEP, HOST: Let's hear what a Clinton supporter said at Hillary Clinton's headquarters as the night went wrong for them. RENEE MONTAGNE, HOST: Kim Frederick's known as a super volunteer from Texas, wore a Superwoman cape and boxing gloves to the venue, but began folding up her costume earlier than she had planned. She's a lesbian who lives in Texas, and she told NPR's Tamara Keith she is scared. (SOUNDBITE OF ARCHIVED...

Updated at 10:45 ET Wednesday While votes are still being counted, some high-profile ballot initiatives already have returned clear results — including a slew of states opting in favor of medical or recreational marijuana, and several more raising the minimum wage. You can see our full list of key ballot measures here , or check out a sample of the highlights: Legalizing marijuana, either medicinally or recreationally: You can read more about these ballot initiatives — part of a nationwide...

Updated 10:28 a.m. ET On Tuesday night, as the presidential election's outcome headed toward an unexpected Trump victory, stock futures plunged. Investors had bet heavily Monday on Democrat Hillary Clinton. As Republican Donald Trump picked up many more votes than polls had predicted, markets reacted violently to the change in expectations. But then on Wednesday morning, U.S. investors reassessed – and calmed down. After the opening bell on Wall Street, stocks rose across the board by a...

Prosecutors raided the offices of Samsung Electronics on Tuesday as part of an investigation into a presidential cronyism scandal that's gripped South Korea. While it is a near-monthly occurrence for a chaebol (family-owned conglomerate) in Korea to be under investigation and/or raided by prosecutors as a result — and they're usually slightly staged affairs — the reason for this week's raid of Samsung is more obscure: elite horse competitions! Samsung is suspected of giving as much as $3...

As iconic as the brand Smith & Wesson is, the name is not expansive enough for the company's ambitions. Smith & Wesson Holding Corp. is asking its shareholders to approve changing the name to American Outdoor Brands Corp. But its firearms will keep their famous name. The company says it will likely change its ticker symbol to AOBC from the current SWHC. The name change has already been approved by the company's board of directors. Shareholders get a vote on Dec. 13, according to a statement...

Leaders from 195 countries are meeting in Morocco to discuss how to reduce global greenhouse gas emissions. The United Nations climate change conference began Monday and runs through Nov. 18. It is the first major climate meeting since the Paris climate change agreement was passed at last year's conference . The main goal of that agreement is to prevent catastrophic warming of the earth by "[holding] the increase in global average temperature to well below 2 degrees [Celsius] above pre...

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