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There's been a lot of good economic news lately, something that President Trump isn't shy about pointing out.

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A federal judge has dismissed a pair of lawsuits against the Fox News Channel over its coverage in May 2017 of the killing of a young Democratic Party aide named Seth Rich that had to be retracted just days later.

When Jorge Lara's father opened a bakery in the tiny South Texas town of Raymondville in 1963, the city boasted three theaters, dozens of restaurants and a bustling main street. The cotton fields that cover the county raked in profit. Jobs were plentiful.

More than 50 years later, Lara's Bakery is one of the few businesses left downtown. Each morning, employees fill the glass cases with glazed doughnuts and Mexican pastries like pan dulce and pumpkin empanadas.

It was 1981.

A new Republican president with a background in the entertainment business was trying to jump-start the U.S. economy out of a brutal recession.

The president pushed tax cuts.

Then his administration had to come up with a plan to deal with trade. America's auto industry was suffering, as new competition came in from Japan.

What the Reagan administration did about it has shaped the auto industry we see today in America. And it could serve as an example for the Trump administration in its ongoing, rancorous trade battles.

NASA has announced the names of the astronauts who will be the first people in history to ride to orbit in private space taxis next year, if all goes as planned.

One week away from the release date of Madden NFL 19, some folks have already picked up an early copy of the perennial gaming powerhouse. And as they perused the video game's menu, at least one user heard something a little bit off.

During a song on the soundtrack, YG's "Big Bank," Big Sean's guest verse goes quiet for a second or two — just as one may expect of a track edited for a game with a wide audience, censoring obscenities for the sake of young listeners.

Updated at 1:45 p.m. ET

China has announced a plan to impose new tariffs on $60 billion of American goods, in retaliation for the latest tariff threats from the Trump administration.

Earlier this week, the White House said it was considering boosting tariffs on $200 billion worth of Chinese goods, raising those tariffs to 25 percent from 10 percent. That particular set of tariffs has not yet taken effect.

Morning News Brief

Aug 3, 2018

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White House officials came out yesterday, and they showed a rare unified front. They said they're focused on preventing interference in U.S. elections.

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Yeah. Here's how Director of National Intelligence Dan Coats put it.

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On a muggy morning this week, a group of bankers and investment managers met at The Hay-Adams Hotel in Washington, D.C. They got an update from the Treasury Department about government cash flows and, according to minutes of the meeting, the picture wasn't pretty.

Corporate tax receipts are down for the year, while government spending is up. Even with a fast-growing economy, the Treasury Department expects to borrow more than $750 billion to pay its bills during the last six months of this year.

In recent decades, income inequality in the United States has been climbing. Scholars and pundits argue about what causes the trend and how problematic it is, but they largely agree that it has happened.

But has the rise in income inequality between rich and poor also been accompanied by a widening cultural distance between the two groups? A new working paper from Marianne Bertrand and Emir Kamenica investigates the question. And its approach to answering it is amost as interesting as what it found. On today's show, we discuss it with Emir.

Brookstone Co. Inc. has filed for bankruptcy for the second time.

The retailer — known for massage chairs and other gadgets — announced Thursday that it will be shutting down about 100 of its mall locations with hopes of selling its remaining assets, according to the filing document.

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Google was once criticized for running a censored version of its search engine in China, at one point being taken to task by lawmakers in hearings on Capitol Hill. Here's tape from New Jersey Representative Chris Smith in 2006.

Mental Illness: [Enter Stage Right]

Aug 2, 2018

With guest host Celeste Headlee.

In “Dear Evan Hansen,” the hit Broadway musical, we see a main character who struggles with severe social anxiety. “Fun Home,” another Tony Award-winner, digs deep into paralyzing depression.

Musicals about mental illness are a lucrative artistic trend in theatre. And these productions are breaking new ground with their honest, entertaining portrayals of disorders that 1 in 5 Americans live with.

The popular streaming service Spotify has pulled some content posted by the prominent conspiracy theorist Alex Jones, founder of the website Infowars.

Spotify did not specify which episodes had been deleted, or how many in total it had removed from its service.

Apple became the first private-sector company in history to be worth $1 trillion, after its share price reached an all-time high above $207 on Thursday.

The share price jumped by more than 8 percent this week after Apple reported impressive quarterly earnings on Tuesday, driven largely by strong sales for high-priced iPhones. In a call with investors, CEO Tim Cook also touted growth in other areas such as smart home products, wearable and services like the App Store and Apple Pay.

Updated at 11:58 a.m. ET

The Trump administration has proposed a rollback of Obama-era fuel efficiency and emissions standards, while simultaneously taking aim at California's unique ability to set more stringent rules.

Under the Obama administration, the Environmental Protection Agency called for the fuel economy standards for new vehicles to ratchet up over time. The increasingly strict standards were designed to combat climate change by reducing greenhouse gas emissions.

A basic tenet of economics is that when demand for something goes up, so does its cost. So, many economists wonder why today's high demand for workers hasn't translated into bigger increases in pay.

Federal Reserve Chairman Jerome Powell has called this a puzzle that defies a single or easy explanation. It isn't just, for example, that productivity has slowed, making it harder for businesses to justify paying more — though that is certainly a factor.

Google is testing a mobile version of its search engine that will adhere to the Chinese government's censorship demands, including the blocking of certain websites and search terms, according to multiple reports.

China's government goes to great lengths to control its citizens' access to information on the Internet, creating what's been dubbed the "Great Firewall."

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Tariffs have been dominating the economic news this summer. President Donald Trump has announced new import taxes on goods coming from China, Europe, Mexico and Canada. But what happens then? Today on the show, Stacey and Cardiff go into the belly of the beast: in Newark, New Jersey.

Music by Drop Electric. Find us: Twitter/ Facebook.

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