Rob Black’s Winners & Losers: US faces credit rating cut


On today’s edition of Rob Black’s Winners and Losers, financial expert Rob Black talks with KRON4’s Darya Folsom about the government shutdown, Jeff Bezos, and MLB revenues. 

Rob also answers the viewer question, “I am 30-years-old and have $32,000 in debt. What should I do?”

Government shutdown threatens US with credit-rating cut: The US has only been downgraded by a major ratings agency once before, during the 2011 debt-ceiling crisis. The government shutdown entered its 19th day Wednesday, with seemingly no ending in sight, as Republicans and Democrats remain unable to find a compromise on funding for President Trump’s proposed wall on the southern border.

Jeff Bezos getting divorced: Bezos announced in a tweet Wednesday that he and his wife of 25 years, MacKenzie, have “decided to divorce.” Washington state, where the Bezos’ live, is a community property state, meaning any wealth made during their marriage could be split equally between the two.  Divorce attorneys say that is highly likely MacKenzie Bezos would want the family fortune to continue to grow.

MLB revenues continue to hit record highs as payroll drops: Baseball is a dying sport? Not so much. Major League Baseball took in $10.3 billion in baseball-related revenue in 2018, which was the 16th straight record-setting year. While this number is certainly encouraging for baseball fans, it’s also a bit strange considering teams cut payroll by a combined $115 million from 2017, the largest drop-off in the game since 2004. The league is still making a lot of money despite a 4 percent drop in attendance.



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