Transcript
Charles Schwab (0:00)
This podcast is supported by Charles Schwab. Decisions made in Washington can affect your portfolio every day, but what policy changes should investors be watching? Washington Wise is an original podcast from Charles Schwab that unpacks the stories making news in Washington right now and how they may affect your finances and portfolio. Listen@schwab.com WashingtonWise.
Tracy Mumford (0:25)
From the New York Times, it's the headlines. I'm Tracy Mumford. Today's Monday, March 24th. Here's what we're covering. The Trump administration has announced U.S. officials will make two trips to Greenland this week, alarming the territory's prime minister, who called the move highly aggressive and an attempt to demonstrate power over US President Trump has vowed to make Greenland, which is a Danish territory, part of the United States, quote, one way or the other. His administration has cited national security interests in the Arctic. They've also eyed the island's lucrative rare earth minerals. In the first trip, National Security Advisor Mike Waltz and Energy Secretary Chris Wright will visit a US Military base there. Then. I'm so excited to share that I'll be visiting Kalali, Una. Greenland second lady Usha Vance will arrive on the island to watch a national dog sled race. She announced her trip in a social media post. I'm also coming to celebrate the long.
Charles Schwab (1:26)
History of mutual respect and cooperation between our nations and to express hope that our relationship will only grow stronger in the coming years.
Tracy Mumford (1:34)
While the Trump administration has presented her visit as a friendly one, Greenland's prime minister rejected that, saying, quote, we are now at a point where it can no longer be described as an innocent visit from a politician's spouse. He added, the international community must now react. Today, the US Is holding talks with Russian officials to try and iron out the details of a possible limited cease fire in Ukraine. The US Spoke to Ukrainian officials yesterday. As of now, both sides have agreed to the idea of halting attacks on energy infrastructure for 30 days, but the attacks have continued. Our job is to narrow the issues, bring the parties together and stop the killing. That's the, that's the game plan. Steve Witkoff, who President Trump has sent to meet with Vladimir Putin twice, said in an interview on Fox News that the hope is to hammer out this temporary truce first, which will allow time to negotiate a more permanent end to the fighting. But analysts say Putin may just be stalling. Russia is earning goodwill with Washington for participating in the talks, but has shown no sign of slowing its offensive. Over the weekend, Russia launched nearly 150 armed drones at Ukraine, according to the Ukrainian Air Force. The attacks killed at least three people in Kyiv. In Rome, Pope Francis made his first public appearance in more than six weeks after being hospitalized for multiple respiratory infections. A crowd of people gathered to see him and chanted his name as he was brought out onto the balcony of the hospital in a wheelchair. Looking frail, he spoke briefly in a voice that was thin and raspy. Doctors say that the 88 year old pope had been in such critical condition that he was on the verge of death twice while being treated. They say he'll need to recover for two more months at home and limit meetings with large groups to avoid reinfection, a sharp turnabout from what used to be the pope's packed public schedule. In online shopping, a different kind of payment method is becoming more and more prevalent. For several years, consumers have seen the Buy now, Pay later option pop up when they shop for clothes, electronics, maybe even plane tickets. The option lets people pay off big purchases in multiple installments with no interest. But increasingly, the option is being offered for small ticket items. This past week, the payment company Klarna said it's bringing its Buy Now, Pay later service to DoorDash, the food delivery app it already partners with Uber Eats and Instacart. So now people who've racked up a charge for a late night burrito delivery or pizza will be able to take out a loan to cover it as long as it meets the $35 minimum. The companies who offer these services say they're a better deal than credit cards because they don't charge interest, only late fees. But their growing popularity has raised concerns among consumer advocates that users will get caught up in a cycle of small loan after small loan. Research has shown that the buy now, pay later feature is most often used by people already in debt. And finally, legendary boxer George Foreman died Friday at 76. He leaves behind a legacy in the ring, where he once fought Muhammad Ali and later became the oldest heavyweight champion ever after a shocking comeback in his 40s. But Foreman also leaves behind a legacy in the kitchen. Had a busy day? My lean, mean, fat reducing grilling machine is great to come home to.