The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson, with Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal. Get show merch here: https://wsjshop.com/collections/clothing
Popular Clips
Of a felony or simply convicted of any crime. We'll see if that ends up being the case. I think we've seen many times in the past where it looked like something could damage Trump's support with his base, but he ended up bouncing back, whether because he's able to successfully make an argument to those people or just because they want to support Trump at the end of the day. But we do see that the polling does seem to show that he would be damaged by this, and I think, you know, that makes sense, sort of normal rules of political gravity. You'd rather not have your candidate be a convicted felon or be convicted of any crime. But, as we've seen, Trump often totally defies the laws of political gravity. So, maybe a conviction will give him a boost. Well, we certainly saw in the Republican primary that the indictments helped Trump. Now, of course, a partisan primary is very different than a general election, so it's certainly possible. You know, he's been selling T shirts with his mugshot on them, and they've been a hot seller for his campaign. It's certainly possible that he's able to persuade a broad swath of the American public that this victimization narrative is correct, but I do think it's a harder sell in a general election than it was in a Republican primary. That's all for today. Monday, April 22nd. The journal is a co production of Spotify and The Wall Street Journal. If you like our show, follow us on Spotify or wherever you get your podcasts. We're out every weekday afternoon. Thanks for listening. See you tomorrow.
Ryan Knutson, Matt Kwong, Jessica Mendoza, Annie Minoff, Laura Morris, Enrique Perez De La Rosa, Sarah Platt, Alan Rodriguez Espinosa, Heather Rogers, Pierce Singh, Lying Tang, Jivika Verma, Lisa Wang, Katherine Whelan, Tatiana Zamis, and me, Kate Limbach. Our engineers are Griffin Tanner, Nathan Singapak, and Peter Leonard, with help this week from Sam Behr. Our theme music is by So Wylie. Additional music this week from Peter Leonard, Griffin Tanner, blue dot sessions, and extreme music. Fact checking by Mary Mathis. Thanks for listening. See you Monday.
Congratulations. You own a home. Now you start to run into the expenses that can be a little more difficult to plan for. And the ones that Nicole says are rising surprisingly fast. Like, expense number 3, maintenance costs. So as a homeowner, you have to cover all of the maintenance and repairs. You don't have a landlord. If anything breaks in that house, in that home, that's your responsibility, you could own that house for one day, and then the boiler breaks, or there's a hailstorm. And so there's just an assumption that homeowners should have and should budget for of kind of ongoing repairs that they need to make. The thing is in the past couple of years, the cost of that routine maintenance has gone up. The cost of just labor and materials has gone up So there's a website thumbtack that helps connect people with these service professionals, helps them get quotes. And so thumbtack has an index of kind of a cost of home maintenance. And their latest index says the cost of maintaining a home is about $6600 a year. That seems like a lot of money It is a lot of money, and it's up according to this index about 8% from a year ago, and so that is rising faster than inflation. Now expense number 4, property taxes. So homeowners pay property taxes, which is a major source of revenue for local permits. And property taxes are always something that homeowners pay and expect to pay, but those have been climbing in recent years. Partly because home values have been climbing. And so the assessed value of homes for tax purposes has been going up. And during the pandemic, a lot of people did renovations on their home. Maybe you added a bedroom, added a, you know, fancy backyard structure. That also increases the assessed value of your home. And then inflation is hitting local government budgets too. And so the tax
Chairman Powell, really interested in hearing your perspective. Yesterday, Federal Reserve chairman Jerome Powell sat down for a conversation with his counterpart from the Bank of Canada. To say, why don't you call me Jay and call me Tiff? Okay. I know it. Howell talked about some important things, like Canadian exports. And that is, Canadian comedians and comic actors. I started to count, the number of really great funny people. I I I I limited myself to 10. So Jim Carrey, Martin Short, John Candy, Mike Myers, Norm Macdonald, Rick Moranis, Dan Aykroyd. But jokes aside, this was Powell's first chance to publicly respond to some recent inflation numbers. This inflation data raised questions about whether the Fed would cut interest rates this year as had been expected. And Powell's remarks yesterday indicated a clear shift in the Fed's outlook. The recent data, have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. What the Fed chair said yesterday was that you don't get interest rate cuts if inflation doesn't keep going down. That's our colleague Nick Timaros. So, you know, everybody on Wall Street had been talking about, will the Fed cut rates in June? There were expectations you would get 3 cuts this year starting in June. That's gone away now. Welcome to The Journal, our show about money, business, and power. I'm Kate Linebaugh. It's Wednesday, April 17th. Coming up on the show, will the
And that can make us and our companies healthier too. Join Holly Robinson, Pete, and her guests on the Visibility Gap, a new podcast presented by Cigna Health Care. City officials and local business leaders know St. Louis's office district is in bad shape, and they're throwing a lot of ideas around to try to make things better. So St. Louis is trying to do 2 things, really, to drive the office district. One is to just get more people on the streets, and it's doing that by making the streets nicer. They're planning to invest in traffic barriers to slow down cars, in landscaping, in bike lanes, just to make it easier for people to walk and bike around, basically. They're also offering monetary incentives for businesses to move downtown. If you're a restaurant or a shop, you wanna move downtown, the Saint Louis Development Corporation and Greater Saint Louis, which is this business and civic group, they'll give you money to help pay for the build out of your store for construction work. They'll give you money for if you want to add outdoor seating to a restaurant. They'll give you money if you just want to open up a pop up store. It's not a lot of money, but it'll help. In an op ed published last week, the mayor and a local business leader wrote, quote, while there's much work to do, we are optimistic about the future of Saint Louis and the revitalization of downtown. One idea that gets talked about a lot in St. Louis and elsewhere is turning office buildings into apartments, but that's a lot harder than it sounds. Take, for instance, the chemical building, which is a couple blocks away from the railway exchange building. The chemical building was sold 3 times since 2016 to investment firms. And each time, the buyer said it was going to turn it into apartments. Each one of them failed, and nothing's happened. It's very eerie. There's this banner over the doorway that says, you know, beautiful residences starting at a 170,000. And above it
