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Friday Business Report: A New NAFTA

The Tenth Ave Marine Terminal is situated along the San Diego-Coronado Bay Br...

Photo by Amita Sharma

Above: The Tenth Ave Marine Terminal is situated along the San Diego-Coronado Bay Bridge and is in the center of commercial shipping activity.

KPBS anchor Ebone Monet and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.

This week’s topics:

President Trump Negotiates Major Trade Deal

The North American Free Trade Agreement will be scrapped for a new trade agreement reached this week between the United States and Mexico. President Donald Trump said it will replace NAFTA, which has been in place since the 1990’s. The U.S. is also negotiating with Canada to join the deal.

RELATED: NAFTA Is Being Renamed US-Mexico Trade Agreement

Consumer Confidence Highest in Nearly 20 Years

The New York-based Conference Board reported this week that consumer confidence is the highest it has been since October, 2000. Criteria in the rankings include the number of consumers planning to make a major purchase and overall perception of the job market. Consumer confidence rankings are seen as a marker for the nation’s economic health.

Uber Invests in Electric Scooters

Ride-hailing app Uber is reportedly building its own line of electric scooters. While Uber was ahead of the curve in changing the way people get around by car, it’s playing catch-up in a market dominated by companies like Bird and Lime.

Record Labor Day Weekend for Air Travel

Industry analysts say a record 16.5 million people will get on a plane during the Labor Day travel period. The strong economy and affordable ticket prices are credited for the surge.

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