National/International

Greece's economic crisis has been going on for nearly a decade, so it may seem like old news. But for the people who live there, the disaster hasn’t faded — it’s only been compounded by the refugee crisis, with thousands of migrants from the Middle East landing on the shores of Lesbos since 2015.

President Trump announced his plans Monday to privatize the U.S. air traffic control system, following decades of campaigning by a number of airlines to remove workers from the Federal Aviation Administration’s control.

Why the U.K. election is closer than expected

Jun 5, 2017
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Adrienne Hill and Sam Beard

The terrorist attack on London Bridge over the weekend briefly hit the pause button on campaigning in the United Kingdom’s general election. It was the second attack in the U.K. in the last couple of weeks. Now, the candidates are back at it, trying to make their case to voters before Thursday's election. When Prime Minister Theresa May called for the snap election back in April, it looked as if her Conservative Party might win handily.

Stock splits are so old school

Jun 5, 2017

Shares of Google parent Alphabet flirted with $1,000 today, and Amazon finished up at $1,011. In the past, when a company thought its stock was getting a little too expensive, it would do a split. That would reduce the price of each share by raising the number outstanding. That basically made the stock more accessible to individual buyers. But you don’t see very much of that these days. Here’s why. 

Click the audio player above to hear the full story.

With the looming congressional testimony of former FBI Director James Comey later this week, the White House is hoping to give Americans something else to focus on —infrastructure. Speaking from the Rose Garden earlier today, President Trump announced a proposal to separate the nation’s air traffic controllers from the FAA, placing them under the control of a new nonprofit agency. The model is based on a previous Republican bill that failed to advance in Congress last year.

5 Mideast countries cut ties with Qatar

Jun 5, 2017
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Adrienne Hill

Saudi Arabia, Egypt and three other Middle East countries have severed ties with Qatar. The dispute is over accusations by the five countries that Qatar has supported terrorist groups. The nations are pulling their diplomats, closing borders and cutting off air and sea traffic with Qatar. Marketplace's Adriene Hill talked with Simon Henderson, director of the Gulf and Energy Policy Program at The Washington Institute, about the diplomatic situation in the Gulf.

The following is an edited transcript of their conversation.

Updated at 2:20 pm ET

President Trump is mounting a vigorous defense of his controversial travel ban, continuing an argument he started over the weekend in response to a terrorist attack in London.

That message launched a series of tweets.

His uncompromising language could complicate matters for administration lawyers charged with defending the travel ban in court.

The powerful interests fighting tax simplification

Jun 5, 2017
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Marketplace

If you open the White House budget proposal and look past the headline-grabbing tax cuts and double counting, you'll find these six words: We must simplify our tax system.

Did ABC News get it wrong when it called one meat processor's products "pink slime"? Beef Products Inc. has filed a defamation lawsuit against the media organization, which goes to trial in South Dakota starting today. We'll discuss what's at stake and why the location of the trial could have an effect on the outcome. Afterwards, we'll look at one Navajo Nation high school's push to train kids in coding. 

Stephanie Finney

An Orleans County native now living in Great Britain said she was just over two miles away from the terrorist attack in London Saturday that ended in the deaths of seven people.

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Hayley Hershman

No matter who you are, you've probably had a rough day at the office that changed your perspective, or maybe you made an impulse purchase you really, really wish you could take back. This week, actress Linda Cardellini takes our money-inspired personality questionnaire. You might know her from classics such as "Freaks and Geeks," and most recently she stars in the Netflix show "Bloodline," whose third season is out now.

Below is an edited transcript of the conversation.

Money can't buy happiness but it can buy you _____________

Big parties.

Why do snack companies always change their packaging?

Jun 5, 2017
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Jana Kasperkevic

This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands?  What do you wonder?

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David Brancaccio

A South Dakota trial involving accusations of "fake news," one of the world's biggest media companies and a meat processor begins today. 

Beef Products Inc. had filed a $5.7 billion defamation lawsuit against ABC for the way it reported on its ground-beef product back in 2012, which included calling it "pink slime." (The industry prefers "lean, finely textured beef.") 

Apple’s highly anticipated developer conference starts today. Among the new iPad and MacBook iterations likely to be revealed, one completely new product could be announced — a Siri-controlled smart speaker to rival Amazon’s Echo or Google’s Home. Apple could be late to the game on this one, but with its massive ecosystem, it has the potential to overtake its competitors.

Click the audio player above to hear the full story.

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Carrie Jung

It’s the beginning of fourth period at Shiprock High School, and computer science teacher Abigail Cooksey is taking attendance. “OK, Veronica, I’ve seen. Howie is here,” she said as students filed into class.

It’s the first year this school on the northeastern edge of the Navajo Nation in New Mexico has offered this type of computer science class. While the school does offer other career training electives, Assistant Principal Jeff Sagor said computer science is quickly becoming one of the most popular.

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Kristofor Husted

Liz Graznak runs an organic farm in Jamestown, Missouri, which she calls Happy Hollow Farm. She sells her vegetables to local restaurants in "community supported agricultureboxes and at the farmer’s market. But eight years ago, after falling in love with the idea of growing her own produce, the farm she runs today looked like a nearly impossible dream.

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Marketplace

Apple's World Wide Developers Conference kicks off today, where the company will show off what it's been working on. But it's been a while since Apple's had a huge hit on its hands. Potentially one major reason? The iPhone. Marketplace's Molly Wood is here to talk about why the popular device could be hindering innovation at the company, and whether the tech giant has anything promising coming out. Afterwards, we'll look at the possibility of a laptop ban on flights from Europe to the U.S. — which poses a security risk itself for those who have to part with their devices.

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Marketplace

President Donald Trump has promised to invest $1 trillion in infrastructure, so where could we see the first big change? With the air traffic control system, according to his administration. On today's show, we'll discuss what needs upgrading in this sector and how exactly his plan would work. Next, we'll examine the House's plan to roll back Dodd-Frank reforms, which were implemented to prevent the possibility of another financial collapse. Plus: A look at the struggles that young farmers face in the midst of rising agriculture costs. 

Updated at 5:57 p.m. ET

ISIS has claimed responsibility for Saturday's terror attack in London. The Islamic State's news agency Amaq said in a statement Sunday that ISIS "soldiers" carried out the attack.

Our original post continues

Maybe it’s the gobsmacking, hyperventilating pace of reality in 2017 that’s gotten the 50th anniversary of the Beatles’ “Sgt. Pepper’s Lonely Hearts Club Band” so much combing over and analysis and appreciation. Fair enough. So here’s one more take.

UK markets fluctuate days before election

Jun 2, 2017

On June 8,  the U.K. goes to the polls, again. This "snap" election is set against the backdrop of last year's referendum on Britain's membership to the European Union. 

Following the "yes" vote on Brexit, then-Prime Minister, David Cameron stepped down.  Now his successor Theresa May is hoping to shore up her position as the U.K. heads into divorce talks with the EU. 

For more on what all of this means for the U.K. markets and economy, the BBC's Philip Hampsheir joins Marketplace Weekend with the details. 

There's a reason your teen is sitting on the couch this summer

Jun 2, 2017
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Lizzie O'Leary and Hayley Hershman

In recent years, malls have been having a tough time. In around a decade, it is estimated that one in six malls will close. With malls folding and brick-and-mortar retailers shutting their doors in favor of their online stores, the typical rite-of-passage teen job is falling by the wayside.

What if the social safety net isn't safe anymore?

Jun 2, 2017
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Lizzie O'Leary

President Trump released his budget proposal on May 23, outlining how much the federal government would, or rather, would no longer spend on the social safety net. One of those programs bracing for cuts is SNAP, the Supplemental Nutrition Assistance Program, formerly known as food stamps.

The value of cooking at home isn't all about money

Jun 2, 2017
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Marketplace

The home-cooked meal has some stiff competition. Think of any dish you want to eat right now, and there's an app (Postmates, Caviar, Grubhub, DoorDash, the list goes on) that will deliver to your door, office or anywhere else you happen to be, at any time, day or night.

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Eliza Mills

Ana Swanson of The Washington Post and Sudeep Reddy of Politico join us to discuss the week's business and economic news. We discuss the latest unemployment rate; with the country at almost full employment, what are the chances of inflation rising? Plus, we look at the business world's reaction after President Trump's withdrawal from the Paris Climate Agreement.

How aprons took Ellen Bennett from line cook to CEO

Jun 2, 2017
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Kai Ryssdal and Robert Garrova

Ellen Bennett said she's always wanted her company Hedley & Bennett to be “the Nike of the culinary world.” The designer chef gear company has become a favorite of culinary giants like Martha Stewart and Alton Brown. Marketplace host Kai Ryssdal visited Hedley & Bennett headquarters in Vernon, California, and found a factory floor that was open to the public, tree-houses that were used as cubicles, and a community space with a kitchen and an espresso machine. He talked with Bennett about how she got into the apron business.

The economy created just 138,000 jobs in May, a figure short of expectations. Are things really as weak as they seem? Christopher Low, chief economist at FTN Financial, joined us to talk about job losses in various industries and how the Fed might interpret things. Afterwards, we'll chat with Andrew Light — a former senior climate policy negotiator for the U.S. State Department — about President Trump's decision to withdraw from the Paris Climate Agreement. Plus: a look at what percentage of U.S. electricity is comprised of renewable sources like wind and solar. 

 

Updated at 7 p.m. ET

President Trump's administration filed a petition with the U.S. Supreme Court on Thursday night seeking to reverse rulings by lower courts in Hawaii and Maryland that blocked a temporary ban on travel to the United States from six majority-Muslim countries.

The Trump administration says the Constitution gives the president "broad authority to prevent aliens abroad from entering this country when he deems it in the nation's interest."

Why do we care if millennials are buying homes?

Jun 2, 2017
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Tony Wagner

We talk a lot about home ownership on our shows, along with housing starts and average home costs. All those real estate stats double as as economic indicators and a kind of goal post for prosperity in America.

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Associated Press

WASHINGTON (AP) — U.S. employers pulled back on hiring in May by adding only 138,000 jobs. Hiring was still enough to help keep pushing unemployment lower.

The Labor Department said Friday that the unemployment rate fell to 4.3 percent from 4.4 percent.

Hiring in the months of April and March were revised downward by a combined 66,000. Job gains have averaged 121,000 over the past three months, a deceleration from an average of 181,000 over the past 12 months.

Average hourly earnings have risen a middling 2.5 percent over the past year.

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