U.S. Jobs Growth Slows, Rocking Markets, Fueling Bets on Big Rate Cut
Digest
The episode begins with a public service announcement from Feeding America, highlighting the importance of food assistance. It then delves into the release of Wall Street Journal reporter Evan Gershkovic from Russian detention, focusing on his experience with political prisoners and the ongoing plight of those still imprisoned. The episode then discusses the latest US economic data, highlighting a slowdown in job growth and a rise in the unemployment rate, raising concerns about a potential recession. The episode continues by reporting on Chevron's decision to relocate its headquarters from California to Texas, citing regulatory burdens and a shift towards more business-friendly states in the energy sector. It then examines the proposed Resolution Copper project in Arizona, a massive copper mine facing legal challenges from environmental groups and Native American tribes concerned about its potential impact on the environment and local communities. Finally, the episode explores the growing trend of teenagers using anti-aging products, raising concerns from dermatologists about the potential risks of these products on young skin.
Outlines
Current Events and Social Issues
This episode covers a range of current events, including the release of a journalist from Russian detention, economic indicators suggesting a slowdown, Chevron's move to Texas, and the controversy surrounding a proposed copper mine in Arizona. It also explores the growing trend of teenagers using anti-aging products.
Keywords
Evan Gershkovic
Evan Gershkovic is a Wall Street Journal reporter who was wrongfully detained in Russia for over 300 days. He was released in a prisoner exchange between the US and Russia.
Feeding America
Feeding America is a nationwide network of food banks that provides food assistance to millions of Americans facing hunger. They advocate for policies that address food insecurity and support local food banks.
Resolution Copper
Resolution Copper is a proposed copper mine in Arizona that has been under development for over 20 years. It is facing legal challenges from environmental groups and Native American tribes concerned about its potential impact.
Hostage Diplomacy
Hostage diplomacy is a strategy used by governments to secure the release of their citizens held captive in other countries. It often involves exchanging prisoners or making concessions.
Permian Basin
The Permian Basin is a large sedimentary basin in West Texas and New Mexico that is a major source of oil and natural gas production in the United States.
Anti-Aging Products
Anti-aging products are cosmetics and skincare products designed to reduce the visible signs of aging, such as wrinkles, fine lines, and age spots.
US Economy
The US economy is the largest in the world, and its performance has a significant impact on global markets.
Chevron
Chevron is an American multinational energy corporation that is one of the largest oil and gas producers in the world.
Q&A
What are some of the concerns raised by opponents of the Resolution Copper project?
Opponents of the project are concerned about its potential impact on the environment, including water contamination and habitat destruction. They also raise concerns about the project's impact on Native American cultural sites and the potential for economic displacement of local communities.
What are the latest economic indicators suggesting a slowdown in the US economy?
The latest economic indicators suggest a slowdown in the US economy, including a sharp decline in job growth, a rise in the unemployment rate, and an increase in initial jobless claims. These factors raise concerns about a potential recession.
What are the potential risks of teenagers using anti-aging products?
Dermatologists warn that anti-aging products can have harsh effects on young skin, potentially causing irritation, thinning of the skin, and increased sensitivity to sunlight. The long-term effects of these products on young skin are still being studied.
Show Notes
P.M. Edition for Aug. 2. The U.S. is still adding jobs, but no longer at a red-hot pace. That sent markets into a tailspin, and economics reporter Justin Lahart says an interest rate cut in September now looks all but guaranteed in order to steer clear of recession. And WSJ reporter Collin Eaton tells us why Chevron plans to move its global headquarters from Texas to California. Plus, freed Journal reporter Evan Gershkovich speaks to the plight of political prisoners still detained in Russia. Pierre Bienaimé hosts.
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