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economy

Updated at 4:05 p.m. ET

U.S. stock indexes surged about 3 percent Monday after fears eased of a trade war with China. The two big trading partners reportedly are negotiating to improve U.S. access to Chinese markets.

The Wall Street Journal reported that the U.S. and China have "quietly started negotiating" and that U.S. Treasury Secretary Steven Mnuchin is considering a trip to Beijing for talks.

When President Trump announced that the United States would impose tariffs on steel and aluminum imports earlier this month, European allies warned that they could retaliate. Targets might include classic American exports such as bourbon, blue jeans and Harley-Davidson motorcycles.

Now, the European Union has published a 10-page list of hundreds of U.S. products that could be subject to European tariffs.

Chion Wolf / WNPR

Catherine Smith is Commissioner of Connecticut's Department of Economic and Community Development. This hour, she stops by for an update on the state's economy and manufacturing workforce.

Later, we also check in with Goodwin College President Mark Scheinberg. How is his school training the next generation of manufacturing employees? We find out and we also hear from you. 

Updated 1:04 p.m. ET

The "substantial doubt" that iHeartMedia's corporate leaders expressed around the company's likelihood of surviving another year, mentioned in its quarterly financial report last November, has been put to rest.

President Donald Trump signs a proclamation on steel and aluminum imports.
Joyce N. Boghosian / White House

Last week President Donald Trump announced he will levy tariffs on steel and aluminum imports of 25 percent and 10 percent respectively. And it’s already having an impact on Connecticut companies.

Updated at 4:05 p.m. ET

Congress has the power to challenge President Trump on new tariffs, but it's unlikely lawmakers will act, even though nearly all congressional Republicans oppose the president's trade policy because they believe it will harm the U.S. economy.

"It's a conundrum, really, because you do not want 100 senators and our counterparts in the House doing basically any trade initiative. That's why we give that (power) to the executive," said Senate Agriculture Committee Chairman Pat Roberts, R-Kan.

Emily Stanchfield / Creative Commons

Tuesday marked the 20th anniversary of the shooting rampage at the state lottery headquarters in Newington. The horrific event prompted the passage of the state’s so-called “risk warrant” law allowing police to temporarily seize weapons from those deemed a threat to themselves or others.

Arthur Caranta / Flickr

They may not look like R2D2 or BB8, but in 2018, robots are an important part of our world.

This hour we talk about ​automation—new advances in “smart” technology during a period of time that’s been dubbed the “Fourth Industrial Revolution.”

Updated at 3:00 p.m. ET

Fears of economic and political backlash are motivating senior congressional Republicans to move forward this week with public and private lobbying efforts aimed at getting President Trump to change his mind about tariffs he intends to levy on steel and aluminium imports.

President Trump's promise to impose hefty tariffs on U.S. imports of steel and aluminum sent markets around the globe into a tailspin and prompted anger and threats of retaliation from major U.S. trading partners, raising the specter of a full-fledged trade war.

Kuzma/iStock / Thinkstock

After being grilled by lawmakers late into the evening Monday, Andrew McDonald’s chances of becoming the state’s next Supreme Court chief justice turned dicey. The legislature’s Judiciary Committee voted 20-20 to advance his nomination, just a vote shy of a rejection.

Creative Commons

It's expensive to die in America. We spend upwards of $3 trillion on medical care, a large percentage of those dollars concentrated in the last year of a person's life.

Town of Enfield

MassMutual has announced it’s closing its facility in Enfield, and moving all of its employees there over the border to its headquarters in Springfield. 

Erik Drost / Creative Commons

There have been some really great Super Bowl ads over the last 35 years. They changed the way we spoke and the way ads were created and consumed.

Chion Wolf / WNPR

Catherine Smith is Commissioner of Connecticut's Department of Economic and Community Development. This hour, she stops by for an update on the state's economy and manufacturing workforce.

Later, we also check in with Goodwin College President Mark Scheinberg. How is his school training the next generation of manufacturing employees? We find out and we also hear from you. 

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