The Business News Headlines 13 October 2022

It's a Throwback Thursday and if you followed along on our social media channels you got to see, and hear, some stuff that dates back several years.  But, for today: It was an historic day on Wall Street and we’ll share. what made it so astounding. Good news for retirees who will get a massive cost of living increase and mortgage rates hit a 20 year high.  IT’s the business news headlines for Thursday the 13th day of October, thanks for being with us. Also, remember that you can hook up with us all day on Twitter @IOB_NewsHour and on Instagram.  Here's what we've got for you today: 

• A massive reversal for Wall Street and why;
• An historic increase in Social Security payments;
• Mortgage rates are climbing again will they go higher?
• IKEA is celebrating. Hey, at least somebody is;
• A massive grocery store merger?
• Taco Bell takes on a classic "comfort food";
• Nike has too much inventory so...
• The Wall Street Report;
• And the serious drop in ACT scores.

Those stories and we go "Out to Lunch" with John Norwood who is running to become the next Secretary of Agriculture for the State of Iowa.  We kick off our conversation with "Quick Bites" three questions each of our guests get and you can hear that...here.  Then we get into an amazing conversation about a host of issues impacting Iowa and consumers. Everything from soils to water to population losses, to alternative crops, how to get more farmers into farming and more.  He also talks about the Iowa Farm Bill that wraps so much of this together. Even if you don't live on a farm or in Rural Iowa this is a powerful conversation about new ideas and direction. You can hear that conversation right here.

Thanks for listening!

The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.