John Ydstie

If you've checked your retirement account lately or read the business headlines you probably know the stock market is riding high. The major U.S. stock indexes are in record territory. So what's lifting the market? Despite all the turmoil in Washington, is it still the Trump rally?

Since the U.S. election, the S&P 500 is up 16 percent and the Dow is up 18 percent, even though President Trump has yet to deliver on most of his pro-growth policies, including tax cuts and a big infrastructure plan.

A key part of President Trump's tax plan is to repatriate corporate profits held overseas back to the U.S. With the lure of lower corporate rates, the idea is that companies will free up overseas earnings and instead invest in jobs and equipment in the U.S. A similar scheme was tried during the administration of George W. Bush, but companies used most of the money on stock buybacks or to pay dividends to shareholders.

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President Trump met with executives of the Big Three U.S. automakers, the latest in a parade of business leaders to visit the White House in the first few of days of the Trump administration.

The president told the executives of General Motors, Ford and Fiat Chrysler on Tuesday that he was going to make it easier for them to invest in the country.

"We're bringing manufacturing back to the United States, big league," Trump said. "We're reducing taxes very substantially and we're reducing unnecessary regulations."

After campaigning with lots of populist and anti-Wall Street rhetoric, Donald Trump is seriously considering a veteran Wall Street financier, Steve Mnuchin, to be his Treasury secretary.

Mnuchin spent 17 years at Goldman Sachs, ultimately as a partner at the investment bank. More recently, he's headed a privately owned hedge fund, Dune Capital Management. Last April he became Trump's chief fundraiser, and he's now a member of the president-elect's transition team.

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The government has released its last jobs report before Election Day. It shows the U.S. economy improved in October. As NPR's John Ydstie reports, it was strong wage growth that grabbed the spotlight.

So you think that beer you brewed in your kitchen is ready for prime time, and you're thinking, "Maybe I should take the plunge and set up a little craft brewery."

You're not the only one with dreams infused with hops and malting barley. During the past couple of years, new breweries were being launched at the rate of three a day in the U.S.

New District Brewing is one of them. It just popped up in a cinder-block building in an Arlington, Va., light-industrial park.

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The U.S. government, today, announced a broad-reaching $14.7 billion settlement in the Vokswagen emissions cheating scandal. EPA Administrator Gina McCarthy outlined the heart of the agreement during a news conference this morning.

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The U.S. government reports another month of solid job growth. It happened in November, when employers added 211,000 jobs, according to the government. That sets the stage for the Federal Reserve to raise interest rates later this month. NPR's John Ydstie reports.

The business community is well-represented at the United Nations climate summit underway in Paris — and it will be much more engaged in finding positive solutions than ever before.

It's a far cry from the first large-scale U.N. conference to address climate change, which took place in Rio de Janeiro in 1992.

In the past, in fact, business often was an obstacle to action on climate change and seen more as an enemy than a partner.

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The latest report on the labor market is a really good one. Employers added 271,000 jobs in October - far more than expected. So we’re going to talk through what happened with NPR's John Ydstie who's in our studios. John, good morning.

Volkswagen has for decades been one of the most recognizable brands in the world. Only recently, it outsold Toyota and General Motors to become the No. 1 car company globally.

After admitting it cheated on emissions testing, VW is virtually certain to lose that top spot. VW top managers, in their single-minded quest to be the leader, very likely sowed the seeds of the company's downfall, analysts say.

Cybercrime is costing the global economy nearly half a trillion dollars a year, according to the insurer Allianz. It's a major threat to businesses, which are looking for ways to protect themselves. One option is cybercrime insurance.

Cyberthieves steal hundreds of millions of dollars a year from the bank accounts of U.S. businesses. And many business owners are surprised to find out their bank is not obliged to make them whole.

Dr. David Krier's Volunteer Voyages is one of the victims. Krier says he lost over $14,000 through fraudulent withdrawals from his business account, and he says his bank "refused to cover any of my losses."

There's a special significance to the monthly jobs report that will be released Friday morning. It could tip the balance for the Federal Reserve. Policymakers are weighing whether to raise the Fed's official interest rates later this month. It's something the Fed hasn't done since before the Great Recession.

Surveys of economists are predicting that job growth in August will be right around the current trend of about 220,000 new jobs a month, and they think the unemployment rate will tick down a notch to 5.2 percent.

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Oil companies are coming to terms with the prospect that oil prices could stay low for years. Today, Royal Dutch Shell announced it's laying off 1,600 workers. NPR's John Ydstie reports.

Five years ago Tuesday, President Obama signed into law the massive overhaul of U.S. financial regulations called Dodd-Frank. But there's still a battle over whether the law has helped stabilize the financial system or whether it has harmed the economy and should be rolled back.

Congress designed Dodd-Frank to fix excesses in financial markets and mortgage lending — excesses that triggered the financial crisis and forced massive bailouts of Wall Street firms.

Since news of the Iran nuclear deal broke, lots of business clients have been calling up Washington lawyer William McGlone, a specialist in trade law and economic sanctions. He says he's been forced to give them a bit of a cold shower.

"There's this expectation, or assumption, in the business community that the sanctions are being lifted," he says, "when, in fact, the U.S. legal framework is scheduled to remain in place."

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