Business

Local and national business news.

It’s tough to be in the processed food business these days. The abrupt departure of the Campbell’s CEO after a bad quarterly earnings report highlights how difficult it is for these companies to shift their identities, with consumers seeking foods they consider healthier. How are processed food companies responding?

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There’s been a little bit of confusion these past couple days on how trade talks with China are going. U.S. officials told CNN that China had offered to bump up purchases of American goods by $200 billion. Chinese officials said that's not true. The Trump administration believes that the trade deficit with China could be brought down if China were to buy that much more worth of American goods. It’s something the president is focused on even though most economists say he shouldn't be. 

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What happens when three big companies invest in an apology? Facebook, Uber and Wells Fargo have launched apology campaigns in the past several weeks. They’re all trying to regain the trust of their customers for scandals that have included data hacking, sexual harassment, and overcharging. But is an "I’m Sorry" ad effective?

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So, what's going on with trade again?

May 18, 2018

We're talking NAFTA. We're also talking tariffs. And China. And trade deficits. Leigh Gallagher from Fortune Magazine and Dion Rabouin from Yahoo Finance join us for the Weekly Wrap to talk about the unforeseen consequences of U.S. trade policy and the latest on the 10-year Treasury note. Also on today's show, we get into the Trump administration's attempt to get China to buy more goods from the United States. Trump wants to lower the trade deficit with Beijing, but is buying more American goods going to solve the problem? We also take a look at apology ads.

Recommended reading for recent college grads

May 18, 2018

(Markets Edition) The Trump administration plans to propose a new rule that would bar abortions at facilities that receive federal family planning funds. On today's show, we'll look at what this could mean for organizations like Planned Parenthood. Afterwards, amid news that the U.S. benchmark interest rate eased back a bit this morning, we'll discuss whether this is cause for alarm. And then to cap off today's show, we'll talk about the best personal finance books for recent college graduates. (05/18/2018)

Globalization has been touted as this inevitable, unstoppable force. But as the U.S., China and other major economies flex their muscles over trade, is this assumption all wrong?America has a long history of global trade and a varied one. Our economy has swung widely from protecting our very first industries with subsidies and imports to brokering global deals that open borders and lift trade barriers. It's not pure economics that dictates our trade relationships; it's politics and social context, too. Who’s gained from open borders and who's lost?

A new survey out this morning of mobility in the American workforce finds that one in four job applicants would move to a new city for a new job, a higher salary or better career opportunities. The online employment site Glassdoor found that younger workers and men were more likely than others to relocate to a new metro area, especially those in software engineering, developers and data scientists. And where are they moving to?

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Land accounts for 80 percent of farm assets according to the Department of Agriculture. So farmers are using their land as collateral to face low commodity prices, but the amount of production that farmers need to service their debt is rising. 

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It's tough out there for farmers

May 18, 2018

(U.S. Edition) The U.S. and China are hard at it to work out a trade agreement. One potential idea floating around: a $200 billion trade surplus package from Beijing. We'll chat with a former Treasury Department official about how big this offer is in the grand scheme of things. Afterwards, we'll look at the financial troubles many farms in the U.S. are facing. Many are using their land as collateral against loans to keep operating. (05/18/2018)

China drops U.S. trade probe

May 18, 2018

(Global Edition) From the BBC World Service ... There are signs that the frosty trade relationship between the U.S. and China is thawing. Beijing has dropped a sanctions probe into American sorghum imports. But is this olive branch a sign that China will fulfill a promise to open its economy? We ask trade expert David Collins. Then, the bunting is out, the weather looks clear. Yes, it's finally here. Prince Harry will marry Meghan Markle this weekend at Windsor Castle. We speak to some of those involved in the celebrations.

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