This Tuesday's election didn't quite end with the big, blue wave Democrats might have hoped for. But the flip from red to blue in the House of Representatives will change the political landscape and could affect fiscal policies. From financial regulations to trade to consumer protections to infrastructure spending — they’re all issues Democrats have been wanting to tackle following changes put in place by the Trump administration over the past two years.
For example, California representative Maxine Waters is expected to chair the House Financial Services Committee and that could mean more hearings featuring CEOs from the biggest banks, not to mention investigations into the finances of the president's family business.
This week on Money Talking, , columnist for Bloomberg , about what the change in the House means for Wall Street and Main Street.
Wall Street's October Surprise
Within a hectic news cycle ahead of the midterm elections, a big story has emerged from Wall Street: October has turned out to be for the U.S. markets since the financial crisis ten years ago. Stocks plummeted and most of the gains of 2018 have been erased in a few short weeks.
That all happened in the immediate run-up to Election Day. Knowing that people tend to vote their pocketbooks, how will a turbulent time on Wall Street play out in the voting booth? And should people worry about what it all says about the health of the U.S. economy?
This week on Money Talking, , economics correspondent for The Washington Post.
Alternative to the Almighty Dollar?
For decades, the American dollar has been the international currency of choice for investors, for markets and even for other governments: Saudi oil, gold from China —it's all traded in dollars.
But some recent developments indicate that the long-running supremacy of the dollar isn’t guaranteed. According to and, most significantly, some European countries are talking about creating a payment system to work around U.S. sanctions in Iran.
All of this doesn't mean the dollar is in imminent danger of toppling from its number-one spot, but it is a note of concern for the long-term health of the U.S. economy.
This week on Money Talking, WNYC's , economics editor for Bloomberg Businessweek and the author of "The Tyranny of the U.S. Dollar."
Tangled Relations: Saudi Arabia, Trump and U.S. Businesses
The disappearance of after visiting an embassy of Saudi Arabia in Turkey has brought renewed attention to what’s been true for years: the United States — and its president — has an important, and extremely complicated, relationship with Saudi Arabia.
In recent years, U.S. businesses have developed even deep connections to the Middle Eastern country. Now, in the aftermath of Khashoggi’s disappearance, CEOs of some of the largest financial firms have announced " planned for next week in Saudi Arabia. Leaders from Goldman Sachs, Google, Uber and the giant investment firms Blackrock and Blackstone are among those who have pulled out while the Khashoggi investigation continues.
At the same time, President Trump's own history with the Saudis is coming under scrutiny. Trump has done business with the country for years, even bragging about the large amount of money Saudi buyers paid for his apartments.
"Saudi Arabia, I get along with all of them. They buy apartments from me. They spend $40 million, $50 million," he said at a rally in Mobile, Alabama in August, 2015. "Am I supposed to dislike them? I like them very much."
This week on Money Talking, , business columnist for Bloomberg Opinion.
Cities Want Amazon. But Is HQ2 a Good Deal?
By the end of this year, Amazon says it will choose the city where it will build the company's second North American headquarters.
Since it announced the project, cities across the country have jumped at the chance to host the mega-office. Now, Amazon has whittled the list of contenders down to 20, including New York City and Newark, N.J.
The campus, wherever it lands, will be a big prize. Amazon says it will bring 50,000 employees earning high median incomes in addition to $5 billion in investments for the city that is selected.
As the final months of 2018 wind down, where do things stand with the hunt for the new headquarters, and will the winning city get a good deal considering the tax breaks and subsidies many are offering to lure the tech giant.
This week on Money Talking, , a Seattle-based technology reporter from The New York Times about the latest developments in the search for Amazon's HQ2.