The CEO of CBS is keeping his job for now

Jul 31, 2018

(Markets Edition) Leslie Moonves, the CEO of CBS, will continue leading the company while it investigates sexual misconduct claims against him. We'll talk to New York Times media reporter Ed Lee about why he's keeping his position during a time when other CBS has taken swift action against other figures — like Charlie Rose and Matt Lauer — with allegations against them. Afterwards, we'll  chat with economist Lindsey Piegza about what the latest data says about inflation and how the Fed might react to it, and then we'll explore how long-distance buses are making a comeback.

The waning days of summer bring a familiar refrain in Washington — the threat of a government shutdown.

Airline pilots: Is there an actual shortage or are employers not paying enough?

Jul 31, 2018

How many pilots do you need up there in the friendly skies? Boeing recently projected that the airline industry will need almost 800,000 pilots over the next 20 years — about double the current workforce.

The problem is, though, that airlines are already facing something of a pilot shortage. One solution is to train more pilots, another is to decrease the need for pilots. Typically three or four pilots are needed for a long haul flight, but Airbus and Thales, a company that makes cockpit technology, think automation could reduce that number within the next five years.

Long distance buses are making a comeback

Jul 31, 2018

When it comes to traveling between major cities, trains, planes and automobiles are the usual go-tos, but buses are beginning to make a comeback. Amid rising gas prices and increasing airfares, companies offering bus services for trips of 200 to 400 miles have sprung up. 

Click the audio player above to hear the full story. 

The U.S. Secretary of State plans to visit Malaysia, Singapore, and Indonesia this week as part of the Trump administration’s increased focus on what they call the “Indo-Pacific region.” The U.S. plans to spend $113 million on new initiatives in the region.

First, the good news: Manufacturing is up in Texas. That's according to a new survey from the Federal Reserve of Dallas that tracks production and factory output month to month. In July, hiring up was up, shipments were up and demand stayed above average. Now the not so good news: Uncertainty is also up. That may have something to do with a little thing called tariffs

A new deal for Puerto Rico's power company

Jul 31, 2018

(U.S. Edition) Puerto Rico's bankrupt power company is moving closer to privatization now that the government has announced it's reached a deal with the utility and its creditors over debt. We'll look at what exactly both sides have agreed on.

Bank of Japan kicks off week of central bank mania

Jul 31, 2018

(Global Edition) From the BBC World Service … The Bank of Japan surprised investors today when it made no changes to monetary policy. We’ll explore why the decision from the BOJ – the last mover in the global central bank chain – was so closely watched. Then, new figures on U.K. car manufacturing look a bit shocking, but we look under the hood to identify what’s driving a domestic production decline and how Brexit is adding to a longer-term headache. Afterwards, large corporations, including Starbucks, have recently announced plans to eliminate single-use plastics.

We all hope for a little peace at the end of life, for ourselves and for our loved ones. Hospice services can play a big role, relieving pain and providing spiritual and emotional support. But a federal report published Tuesday synthesized patient and Medicare payment data going back to 2005 and found that, while patients generally can count on hospice to relieve their suffering, some hospice providers are bilking Medicare and neglecting patients.

Hackers, probably Russian, successfully broke into electric utilities last summer. Homeland security officials revealed those intrusions for the first time last week.

There were also reports last week of attempted cyberattacks on various members of Congress, and this week, the Senate is likely to have a showdown over funding for election security.  

Hackers, probably Russian, successfully broke into electric utilities last summer. Homeland security officials revealed those intrusions for the first time last week. There were also reports last week of attempted cyberattacks on various members of Congress, and this week, the Senate is likely to have a showdown over funding for election security.  There had been a White House cybersecurity coordinator who organized the national response to cyberattacks, but the Trump administration eliminated the job back in May.

Updated at 12:52 p.m. ET Tuesday

A coalition of attorneys general from eight states and the District of Columbia filed a lawsuit against the Trump administration on Monday to stop a Texas-based company from publishing instructions for 3D-printed guns on its website.

Updated at 4:03 p.m. ET

Some Americans have been trailed and closely monitored by undercover air marshals as they traveled on U.S. flights, as part of a previously undisclosed Transportation Security Administration program called Quiet Skies. The marshals take notes on the targeted traveler's behavior, sending detailed reports to the TSA.

Snapchat creators leave a mark on LA real estate

Jul 30, 2018

Is it possible for one company to have too many locations?

Snap Inc. of Snapchat fame might just have fit that bill in the Los Angeles beachside neighborhood of Venice.

Founded in 2011, Snap at one point had dozens of properties in the community. But just like its disappearing messaging function, Snap's been disappearing from Venice as it tries to cut costs.

The news comes as a relief to many in the neighborhood, who have long complained that Snap transformed their community, kicking out cherished businesses and restaurants during its rapid expansion.

2008 crash now an economic case study

Jul 30, 2018

In 2008, in the throes of the global financial crisis, the British monarch, Queen Elizabeth II, received a briefing on the turmoil in the international markets from academics at the London School of Economics. She posed a devastatingly simple question to them: “Why did no one see it coming?” Her slightly flummoxed academic host replied “Because at every stage, someone was relying on somebody else and everyone thought they were doing the right thing."

What it means to be a whistleblower

Jul 30, 2018

Whistleblowers expose frauds and scandals, and have the power to upend a company's bottom line. You don't have to look any further than the recent headlines around Theranos — which was exposed by a whistleblower for defrauding investors, leading the company's value to plummet from billions to zero — to know that reporting misconduct does make a difference.

But what really is the act of whistleblowing? What are the benefits? The risks? And, if you decide to become a whistleblower, will you be protected?

It’s report card time for U.S. companies. Every three months, corporate executives from publicly traded companies sit down with their shareholders to share their quarterly earnings. They tell their investors how much money they made and what they expect for the year ahead.

Retail across the country changes so fast its hard to keep up. There are always new ways to shop, and people want to spend their money. Retail sales were up in the month of June and gross domestic product surged in the second quarter.

But e-commerce giants like Amazon make it hard for big box stores and malls to survive. To see if there are any new ideas about keeping stores open in malls, we called Alana Ferko, on-site manager of the Butte Plaza Mall in Butte, Montana. It just so happens the main department store there will be closed by the end of August.

Uncertainty is spelled t-a-r-i-f-f-s

Jul 30, 2018

It’s report card time for U.S. companies. Every three months, corporate executives from publicly traded companies sit down with shareholders to share their quarterly earnings. This quarter, CEOs are stuck between those shareholders and the trade war. They're hoping you'll help save them. Then: Snap, the company behind Snapchat, is picking up and leaving Venice, the beach community in LA it's called home for years. We'll look at the legacy the company is leaving behind there.

Updated at 3:24 p.m ET

President Trump again threatened a government shutdown unless Congress funds his border wall. At a joint news conference at the White House Monday, along with Italian Prime Minister Giuseppe Conte, the president said "If we don't get border security after many, many years of talk within the United States I would have no problem doing a shutdown."

The direction of the economy

Jul 30, 2018

(Markets Edition) The Federal Reserve is gearing up for another meeting this week. We spoke with Julia Coronado, economist at MacroPolicy Perspectives, about what to expect from the meeting and what the interest rate forecast looks for the rest of the year. Afterwards, we'll discuss how Caterpillar's performance as a company can reflect how the global economy is doing, and then we'll explore the work obstacles some families face when trying to fulfill food stamp requirements.

On July 26, 2016, a young girl stepped up to the mic at a meeting of the San Diego Unified School District Board of Education

“Good evening. My name is Sohaila Gebaly,” she said. “I’m going to 6th grade. I love school and science.” 

Gebaly went on to tell board members that the year before, three boys in school started calling her names. When no one stopped them, they hit her, kicked her and pushed her. 

The House version of the proposed federal farm bill would require parents with children over 6 years old to fulfill a 20-hour work or training requirement to receive benefits under the Supplemental Nutrition Assistance Program, also known as food stamps. That means nationwide 3 million more people would suddenly need job training. The conundrum, said Russell Sykes of the American Public Human Services Association, is that the training needed to get that many people ready for jobs is expensive.

Shannon Starley and her team of case workers at Utah’s Division of Children and Family Services have a tough job. They help decide whether to remove kids from their parents’ custody. The agency investigated 21,093 cases last year. Many involved parents struggling with substance abuse.

“A lot of mental health issues,” Starley added.

She said she has seen parents lose their kids, get them back, then lose them again.

Mr. Conte goes to Washington

Jul 30, 2018

Today President Donald Trump will welcome Italian Prime Minister Giuseppe Conte to the White House.

When Conte and Trump met earlier this year at the G7 and NATO summits, they found common ground on Russia and on anti-immigration policy. But they see things differently when it comes to trade and military spending — two issues that are bound to come up in today’s chit-chat.

On trade

Utah tackles child poverty

Jul 30, 2018

(U.S. Edition) With the U.S. Senate planning to look into how platforms like Facebook are used to influence elections, we'll examine a new report from the U.K. that calls for media regulations. Afterwards, we'll discuss where Italy-U.S. relations currently stand ahead of Trump's meeting with Italian Prime Minister Giuseppe Conte, and then we'll look at how Utah is using data to reduce its child poverty rate.

Scott Thornbloom / U.S. Navy

From 2009 to 2016, the Defense Department recruited more than 10,000 non-citizens into the armed forces. Now some say they're being discharged without explanation.

(Global Edition) From the BBC World Service … Less than a week after winning his election campaign — pledging to spend more on health care, education, and social safety – Pakistan’s soon-to-be prime minister may first look to the International Monetary Fund for his country’s biggest-ever bailout. Then, the U.S. Supreme Court’s decision to overturn decades-old legislation banning sports betting has paved the way for a deal between British betting brands and MGM Resorts. What does this mean for the future of what could become a multibillion-dollar U.S. market?

For many people, especially those under 40, paying a friend, or settling a restaurant bill, or squaring up after happy hour isn't done in cash. It's done by peer to peer app.  You've probably heard of PayPal and Venmo, which PayPal owns. Now, there's some competition from Zelle, the big banks' answer to Venmo. Rahul Chadha follows peer to peer mobile banking for the research organization eMarketer.  His firm says Zelle will overtake Venmo this year. One thing that helps?  Zelle comes pre-installed in the mobile apps of many big banks.

Tariff exemption granted but confusion continues

Jul 27, 2018

There's a lot of tariff talk swirling around these days, but let's remember what began this trade war: President Donald Trump's steel and aluminum tariffs. Since those tariffs were announced in March, companies have filed more than 28,000 requests for exemptions from the Department of Commerce. As of this week, only 1,000 applications have been granted or denied. Max Daetwyler, a company that makes precision steel blades used in commercial printing, submitted a handful of them and was recently granted some exemptions.