KTEP - El Paso, Texas

Business

Business news

Mark Zuckerberg says the notion that fake news influenced the U.S. presidential election is "a pretty crazy idea."

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

ARI SHAPIRO, HOST:

When Donald Trump did talk about coal during the campaign, he often referred to it as clean coal.

(SOUNDBITE OF ARCHIVED RECORDING)

DONALD TRUMP: We're going to go clean coal. And that technology is working. I hear it works, so.

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

ARI SHAPIRO, HOST:

Pull out your blue pencils, green eyeshades and rule books; it may soon be time to start rewriting NAFTA.

Leaders in the United States, Canada and Mexico say they're open to giving the North American Free Trade Agreement, in place since 1994, a hard look.

Here's what's been happening:

Today — 11/11 — is "Singles Day" in China, the holiday when online retail giant Alibaba encourages single people to celebrate and buy presents for themselves.

And boy, did they buy.

A Moscow court has upheld a move to block LinkedIn by regulators who say the professional network collects and stores data on Russians — without storing that data on a server in Russia, as required by law. The ruling could have a ripple effect that touches Facebook, Twitter and other tech giants.

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?

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

RENEE MONTAGNE, HOST:

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

RENEE MONTAGNE, HOST:

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.

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?

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.

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

AUDIE CORNISH, HOST:

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.

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.

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:

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

RENEE MONTAGNE, HOST:

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.

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.

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.

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.

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.

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.

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.

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 economy have been all over the map.

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

ROBERT SIEGEL, HOST:

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 taken in this new environment:

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.

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.

Pages