National/International

Longtime PepsiCo CEO Indra Nooyi will step down as the top executive at the world’s second-largest food and beverage company.

Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 100 company. She oversaw PepsiCo during a turbulent time in the industry that has forced food giants including Coca-Cola Co., Campbell Soup Co. and Oreo maker Mondelez International Inc. to adapt to changing tastes. All of those companies changed CEOs in the last year.

Andy Warhol's love of money

Aug 6, 2018

(U.S. Edition) With U.S. sanctions on Iran going into effect today, we'll explore how many companies are in a lose-lose situation — whether they do business with the Middle Eastern country or they don't. Afterwards, we'll look at how the ongoing trade conflict between the U.S. and China will affect Southeast Asian countries, and then we'll chat with art critic Blake Gopnik about the way Andy Warhol mixed business with art.

U.S. sanctions on Iran go into effect today. Back in 2015 when Iran agreed to limit its nuclear program, many U.S. sanctions were lifted. But President Donald Trump pulled out of the multinational agreement in May, and now the measures are back. What's at stake for foreign companies?

Click the audio player above to hear the full story. 

(Global Edition) From the BBC World Service … A top supplier to Apple was hit by a computer virus over the weekend – and it could cost the Taiwanese company more than $250 million. Then, orders at the factory gate in Germany saw a sharp drop in June amid growing concerns about global trade tensions. What does this signal for economic growth in the second half of the year?  Afterwards, what would you do if you saw your face advocating for a product you’ve never used? Or endorsing a college program you never participated in? All without your consent?

Andy Warhol and the business of art

Aug 6, 2018

It's no coincidence that avant-garde artist Andy Warhol called his studio The Factory. He embraced the commodification of art and called himself a business-artist, which as art critic Blake Gopnik points out, was suspicious to many.

"Usually people see that as a cover up, a way of getting away with selling out," Gopnik said. 

But Gopnik argues that rather than only wanting to make money from his artwork, Warhol's famous works are a commentary on American consumption. 

Lesley McClurg / KQED

The first prescription medication extracted from the marijuana plant is poised to land on pharmacists' shelves this fall. Epidiolex, made from purified cannabidiol, or CBD, a compound found in the cannabis plant, is approved for two rare types of epilepsy. Its journey to market was driven forward by one family's quest to find a treatment for their son's epilepsy.

Kudlow: “Don’t class warfare me” on trade

Aug 3, 2018

Larry Kudlow, who became President Trump’s chief economic adviser in March, sits in an office on the second floor of the West Wing. Kudlow is not a desk guy — he sits at a conference table with stacks of papers covered with comments and yellow sticky notes.  I sat down at that table today to talk with him about the health of the American economy.  

Our favorite Marketplace Weekend stories (encore)

Aug 3, 2018

This week, we are revisiting a bunch of our favorite stories from over the past few years. The average woman earns about 80 cents for every dollar the average man makes. So how can we move toward pay equality? Then, our health. Changes in health care affect society’s most vulnerable citizens — children. We’ll take a look back at our visit to a pediatric hospital in Southern California. Plus, dogs. Rescue dogs make our hearts melt AND teach us lessons about supply and demand! The business of rescuing, transporting and adopting puppies is complicated, so we break it down.

Americans do want tariff relief

Aug 3, 2018

In his interview with Marketplace host Kai Ryssdal today, National Economic Council Director Larry Kudlow said that President Donald Trump's tariffs have left "very little impact, almost unmeasurable impact on real GDP. That's a fact." While gross domestic product may not have budged, we've talked to many manufacturers and farmers across America whose businesses have shifted to accommodate tariffs over the last several months.

Some weaknesses in the July jobs report

Aug 3, 2018

(Markets Edition) We have yet another trade war update. China is upping up the ante by announcing it may impose tariffs on $60 billion worth of U.S. products. We'll look at what's behind this decision and the kinds of U.S. exports China is targeting.

Heather Repennin, vice president of the Los Angeles Bureau of Public Works refers to herself as a "wastehead." 

“It’s someone who is completely immersed in discussions, operations and policy around the waste sector,” Repenning said. In her job, Repennin helps set waste and recycling policy for the city of Los Angeles. “Welcome to the world of being a wastehead," she said. 

One thing that keeps wasteheads up at night is the lousy job of recycling that non-wasteheads are doing.

U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year.

The unemployment rate ticked down to 3.9 percent from 4 percent, the Labor Department said Friday. That’s near an 18-year low of 3.8 percent reached in May.

Will scandal slow CBS juggernaut?

Aug 3, 2018

CBS reported stellar earnings on Thursday, and CEO Leslie Moonves spoke about a bright future for the network even as he grapples with allegations of sexual misconduct. Similar charges have been leveled at the executive producer of one of the network's most popular shows, "60 Minutes." But will the scandals cause advertisers to flee the prime-time news magazine and the network as a whole? 

Click the above audio player to hear the full story. 

 

We don't know how to recycle

Aug 3, 2018

(U.S. Edition) Since it's jobs day, we'll dive into how wages are faring in the U.S. While growth hasn't been impressive, not all sectors are seeing stagnation. Afterwards, we'll look at a new report that says the economies of Africa and Southeast Asia will be hit hardest by global warming over the next three decades.

For some workers, big pay raises. Others, not so much.

Aug 3, 2018

The Labor Department released the latest jobs numbers this morning, revealing that the economy added 157,000 jobs in July, while the unemployment rate dipped to 3.9 percent.

The employment picture’s been pretty rosy lately, with average job growth above 200,000 a month since mid-spring and more people coming back into the labor market.

One thing that hasn’t impressed much is wage growth. Average hourly earnings increased 2.7 percent year over year — the same rate as it did in June.

(Global Edition) From the BBC World Service…Four days after voters went to the polls, election results are finally in for Zimbabwe’s presidential race. But controversy is swirling about the credibility of the outcome. We’ll hear from one factory owner who describes how the results could impact ongoing international investment in the country. Then, despite Venezuela’s ongoing economic crisis, the country’s gasoline is still the cheapest in the world. But President Nicolas Maduro wants to change that.

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.

The trade story of the day is actually more of a currency story. As you know, the Trump administration has proposed another round of tariffs on some $200 billion worth of Chinese products — ranging from tobacco to dog food to plywood. Now, the president is threatening to more than double the size of that tariff from 10 percent to 25 percent. One reason: the falling value of China's currency. The yuan is trading at a 14-month low against the U.S. dollar, blunting the intended effect of those tariffs.

Click the audio player above to hear the full story. 

"These folks are caught in a trap" by tariffs, U.S. representative says

Aug 2, 2018

We've talked to handful of the businesses that submitted more than 23,000 applications for exemptions from steel and aluminum tariffs to the Department of Commerce. Some of them have managed to get a couple exemptions, others haven't been so lucky. Rep.

Today the Trump administration unveiled its proposal to roll back the federal emissions standards set under President Barack Obama.

The Obama standards called for vehicles to get around 50 miles to the gallon by the year 2025. Trump’s proposal lowers that to around 35 mpg by the year 2020.

Automakers had long bemoaned the Obama standards as too difficult to meet, especially as more consumers choose larger trucks, crossovers and SUVs, which guzzle more gasoline.

Updated at 4:25 p.m. ET

A day after a key lawmaker said the U.S. government was not doing enough to take election interference by foreign powers seriously, the Trump administration responded forcefully with a surprise White House briefing to emphasize the breadth and extent of its election security initiatives.

"The president has taken decisive action to defend our election systems from meddling and interference," national security adviser John Bolton said at the briefing.

There's been almost no progress for females on screen in film for over a decade. That's the message from a report the USC Annenberg Inclusion Initiative released this week on its annual research into inequality in the 100 top grossing films of the prior year. Women are still underrepresented on camera and behind it as well. Of the 109 people who directed a top movie in 2017, just eight of them were women.

Brookstone, the specialty retailer that sells eye masks, massage chairs and other gadgets, filed for bankruptcy protection for the second time Thursday. The company says it's going to shut down its roughly 100 mall-based stores. They've become less of an attraction as more shopping moves online. The company’s 35 airport-based stores are doing much better. Brookstone is looking for a buyer. Overall, airport retail seems to be doing much better than traditional malls. Why is that?

Click the audio player above to hear the full story. 

Walk through enough open houses in Los Angeles, and you’ll find that they share a similar vibe: Midcentury modern furniture, fuzzy pillows, a surfboard on the wall, a vintage record player and zero clutter. 

Those are the tell-tale signs of a “staged” home: one that’s been cleared of the owner’s actual possessions and replaced with rented furnishings and decor that’s designed with the buyer in mind. 

Meridith Baer has made a living staging homes in hot real estate markets across the U.S. In Southern California, her company stages about 30 homes a week.

On a quiet street in Worcester, Massachusetts, there’s a little white clapboard church with a steeple called Hadwen Park Congregational Church. Over the past decade, this classic-looking, century-old New England church has become a destination for migrants who were persecuted for their gender or sexual orientation and had to flee their homes. Some find the church online: If you google words like “asylum-seeker,” “LGBT” and  “looking for help,” this church comes up. Others hear about it through word of mouth.

The Catholic Church now formally considers the death penalty "inadmissible because it is an attack on the inviolability and dignity of the person" and is pledging to work for its abolition worldwide.

It's a shift for the church, which used to consider the death penalty a "means of safeguarding the common good" in response to "certain crimes." The update to the Catechism of the Catholic Church, the book of official teachings of the church, was announced Thursday.

What's next for the Fed?

Aug 2, 2018

(Markets Edition) The Federal Reserve met this week, but they did not end up raising short-term interest rates. We'll look at what they have planned for the rest of the year and their assessment of the economy. Afterwards, we'll discuss the standards that currently exist for data breaches, and then we'll explore how Barcelona, Spain, is planning to turn some of its empty apartments into public housing.

Spain is in a housing crisis. According to the latest official figures from 2012, around 22,000 people are homeless, though more recent estimates from nonprofits say it could be closer to 40,000.

This week, the Treasury Department issued recommendations to protect consumers from big data breaches, like the ones we’ve seen at Equifax and Target. Among the Treasury Department’s recommendations: creating a national standard for handling the aftermath of data breaches.

Click the audio player above to hear the full story. 

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