Transcript
Narrator (0:00)
On NPR's wildcard podcast, Heavyweight host Jonathan Goldstein talks about his early years as a writer.
Jonathan Goldstein (0:06)
I was writing and no one was buying what I was selling. I just couldn't get anywhere. And I just kept doing it because I felt compelled to do it, like a spider spinning a web.
Narrator (0:18)
Listen to that wild card conversation on the NPR app or wherever you get your podcasts.
Lakshmi Singh (0:25)
Live from NPR News, I'm Lakshmi Singh. Inflation's holding firm. According to the Labor Department's report on the Consumer Price index in December, consumer prices were up 2.7% from the previous year, same as November's year over year increase. Inflation's higher than what the Federal Reserve would like, but it remains steady. And that'll weigh on Fed policymakers when they meet later this month to decide whether to cut the key interest rate for a fourth straight time. On his way to deliver an economic speech in Detroit, President Trump weighed in this morning with a verbal jab at Fed Chair Jerome Powell.
Donald Trump (0:59)
The inflation numbers just came out and we have very low inflation. So that that would give Tule Powell the chance to give us a nice beautiful big rate cut, which would be great.
Lakshmi Singh (1:10)
As the Fed prepares to hold again another policy meeting, Trump's clash with Powell over the central bank's previous resistance to lower interest rates remains at the forefront. This week, former Fed chairs who served during Republican and Democratic administrations united to defend Powell against threats of a federal criminal investigation. The Trump Organization has launched the development of two more real estate projects in Saudi Arabia, adding to its growing list of projects in the Gulf. NPR's Aya Batrawi reports. The president's son, Eric Trump, launched the project.
Aya Batrawi (1:42)
The Trump Organization this week launched a golf course, hotel and residential community on the outskirts of the Saudi capital, Riyadh. It will be built within a sprawling new development owned by Saudi Arabia's Sovereign Wealth Fund, which is run by Crown Prince Mohammed bin Salman. The company also announced a new Trump Plaza in Jeddah, the second to be built in the Saudi coastal city. The Saudi company developing these projects, Dar Global, says the new projects are worth $10 billion. The Trump Organization also has multi billion dollar real estate projects under development with Dar Global in Qatar, Oman and the uae. The projects reflect a rapid expansion of the family run business and other financial dealings in the Gulf following President Trump's first term in office. Aya Baltrawi, NPR News, Dubai.
