Pardoning the “junk bond king”

Last week, President Donald Trump pardoned and gave clemency to eight people who were convicted of white-collar crimes. One of those who were pardoned is Michael Milken, a former investment banker who was accused of insider trading and stock manipulation. Milken played a crucial role in making junk bonds popular, ushering in an era of hostile takeovers and high corporate debt. Also on the show: In a recently resurfaced clip, billionaire and presidential hopeful Michael Bloomberg suggested farming is simple and doesn’t take much “gray matter.” We have some context on what Bloomberg said and how farmers invest in technology.