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The former CEO of Fiat Chrysler, Sergio Marchionne, died yesterday at the age of 66. Marchionne was credited with turning around Fiat in the mid-2000s, followed by Chrysler.

Back in 2009 when Chrysler declared bankruptcy, Fiat was the only company willing to save the Chrysler brand.

Sen. Pat Toomey: Congress is a "helpless bystander" when it comes to tariffs

Jul 26, 2018

European Union officials met with President Donald Trump at the White House yesterday, with both sides agreeing to work toward zero tariffs, zero subsidies on non auto-industrial goods, and lower trade barriers. 

Escalating trade tensions between the White House and its allies have raised questions about whether the president has too much power when it comes to tariffs, with some criticism even coming from Trump's own party. 

With NAFTA stalled, U.S. and Mexican officials to meet on trade

Jul 26, 2018

U.S. Trade Representative Robert Lighthizer is scheduled to meet today with Mexico’s economy minister. They’re trying to revive NAFTA negotiations. Mexican officials and President Donald Trump are sounding optimistic. But what, realistically, can be accomplished in these talks?

Click the audio player above to hear the full story. 

A down day for Facebook

Jul 26, 2018

Wednesday was, shall we say, not a good day for Facebook. The company reported slower than expected revenue growth in its latest quarterly earnings report — and investors were not happy about it. Shares of the company fell as much as 23 percent in after-hours trading. The biggest ding came from Europe, where advertising revenue slowed the most. It's also where the company actually lost average daily and monthly users last quarter.

Facebook's future: privacy before profits?

Jul 26, 2018

(U.S. Edition) President Trump and EU Commission President Jean-Claude Juncker met yesterday and say they're in a new phase in their relationship. We'll take a look at a list of the issues that the two sides want to iron out, which include subsidies on non-auto industrial goods. Afterwards, we'll discuss Facebook's stock decline after executives announced they project lower-than-expected profits in the next few years.

Finding an affordable place to live in Miami-Dade is hard. The area consistently ranks as one of the most unaffordable places to live in the nation. And for moderate to low-income LGBTQ seniors, it can be even harder to find housing. “They are four times less likely to have children,” said Cindy Brown who manages the day-to-day operations at Lambda Living, which provides affordable housing to LGBTQ seniors. “Maybe they don't have any family left or maybe their family disowned them when they realized they were gay.”

(Global Edition) From the BBC World Service … After progress on trade talks between the EU and the U.S. yesterday, the focus now moves to NAFTA today with negotiations scheduled in Washington. So, have President Trump’s negotiating tactics been successful, or is more confrontation on the horizon? Then, it’s not just politicians keeping tabs  on trade – monetary policy makers at the European Central Bank have a keen eye on the impact the global spat is having on its efforts to tighten policy.

From recommendations to notifications to endless scrolling that never stops giving you something new, today's tech is designed to be irresistible. But some designers of these products are saying these techniques are damaging. James Williams is one of those people. He spent 10 years at Google and went on to co-found a movement called Time Well Spent that aims to get tech companies to rethink how they rethink how they grab and monetize our attention.

How tech steals our time — and how to get it back

Jul 26, 2018

From recommendations to notifications to endless scrolling that never stops giving you something new, today's tech is designed to be irresistible. But some designers of these products now say these techniques are damaging. James Williams is one of those people. He spent 10 years at Google and then co-founded a movement called Time Well Spent, which aims to get tech companies to re-think how they grab and monetize our attention.

The American semiconductor titan Qualcomm found itself in the crosshairs of the US-China trade spat when its mega deal — as in $44 billion dollars — to buy a Dutch chip-maker has cleared every global regulatory approval required — except in China. With no approval from China in sight and a deadline looming at midnight tonight, Qualcomm has announced that pending any new material developments, it will terminate the deal and instead buy back its own stock. This is just one way China can punish American firms doing business there as the tariff war heats up.

General Motors shares tumbled Wednesday as the company cited rising steel and aluminum costs as one reason for a smaller profit forecast. GM is not alone. Whirlpool, Coca-Cola and others are starting to tell the story of pain from the steel and aluminum tariffs in earnings reports, price projections and CEO interviews. None of this should come as a surprise. 

Click the audio player above to hear the full story. 

How does an industrial city reinvent itself when its main industry disappears? That’s a problem that dozens of American cities have confronted over the past generation.

Consider Bethlehem, Pennsylvania, population 75,000. The city was once synonymous with the company Bethlehem Steel Corp. Iron and steel had been produced in Bethlehem since just before the Civil War. 

We've been talking to businesses all over the country who are starting to see real effects from President Donald Trump’s tariffs in their bottom lines. One of them is Ronnie Smith. He's the vice president of operations at family-owned company down in Houston called McMahon Steel Supply. McMahon distributes steel tubes and other products to the oil and gas industry.

Trump says U.S., EU are aiming for "zero tariffs"

Jul 25, 2018

WASHINGTON — President Donald Trump met today with top European Union officials amid concerns of a growing trade dispute between the two economies over automobiles. During the meeting, European Union Commission President Jean-Claude Juncker told President Donald Trump that the EU and U.S. are partners and allies, “not enemies,” and must work together at the start of trade negotiations between the two major economies. Juncker said he has made a deal with Trump to try to ease trade tensions. 

When Elyse Dinh first saw the rack of clothes that had been brought in for her character, Mrs. Phan in the OWN television show “Queen Sugar,” she thought the costume department had made a mistake.

She saw shades of coral, yellow and purple. There were pretty blouses with birds and elephants on them. There were even bright orange capris.

The jean jacket startup aimed at Latina millennials

Jul 25, 2018

My Economy tells the story of the new economic normal through the eyes of people trying to make it, because we know the only numbers that really matter are the ones in your economy.

In this installment, we hear from an entrepreneur in Los Angeles who founded a company appliqueing denim jackets.

The CEO who killed Archie and brought the brand back to life

Jul 25, 2018

Archie has always been a part of Jon Goldwater's life. His father, John, co-created the iconic character and the rest of the Riverdale gang. But under the younger Goldwater's tenure as co-CEO, the "Archie" of today looks pretty different from the "Archie" of yesteryear. From introducing the series' first openly gay main character, to Archie's infamous death, to the hit television show "Riverdale," Goldwater has ushered the "Archie" brand through a tremendous overhaul.

How the co-CEO of Archie Comics reinvented its namesake

Jul 25, 2018

When Jon Goldwater took over the family business in 2009, the company's namesake comic character had barely changed in decades. Now, as co-CEO of Archie Comics, Goldwater has shepherded a new era for "Archie," bringing on new comic creators and helping produce the hit CW show, "Riverdale," a noir version of "Archie" that's pretty different from the one that debuted more than 70 years ago. 

The former British Prime Minister David Cameron will chair a $1 billion Chinese fund to help implement the One Belt, One Road, initiative, a global infrastructure project Chinese Communist Party Secretary Xi Jinping has championed.

How Chinese media covers US gun violence

Jul 25, 2018

Chinese state media often hypes American problems and foibles to redirect attention away from China’s poor human rights records. And yet, when it comes to American gun violence, it takes a measured tone.

What does it mean to live in the United States instead of China?

For China’s most prominent political cartoonist, Rebel Pepper, a dissident with a gentle smile and a wicked brush, it’s the difference between life as a wild pig and a domesticated one.

Kept pigs “think they live a carefree life because people feed them. But one day, they will be slaughtered,” Rebel, whose real name is Wang Liming, said in a May interview in Washington, DC, where he now lives.

How workers can fight back against weak wages

Jul 25, 2018

(Markets Edition) The White House says it's going to dish out $12 billion in emergency aid to American farmers affected by tariffs. But many lawmakers and farmers are skeptical. We'll look at some of the criticisms they've raised.

How can workers fight wage stagnation? Be willing to switch jobs

Jul 25, 2018

There’s something of a paradox in the U.S. economy: How is it that unemployment can be so low, while wage increases are barely exceeding inflation?

That question has even confounded experts, with Fed Chair Jerome Powell admitting that "it's a bit of a puzzle given how tight labor markets appear to be." 

The Department of Agriculture announced a $12 billion aid package on Tuesday for farmers impacted by U.S. trade disputes. The money would go to pork, soybean and dairy farmers among others who have been slapped with retaliatory tariffs in response to President Donald Trump's tariffs on foreign goods. But how much can the government do to offset the costs of its trade fight? The answer may depend on how long the fight goes on and whom it impacts. 

Co-housing offers people a way to age at home

Jul 25, 2018

The American Association of Retired Persons estimates about three-quarters of people 45 and older want to stay in their homes as they age.  One way for them to do that is co-housing. It gives people the opportunity to live independently but in a community where they share some expenses and activities including chores.

Why GM thinks car sharing is good business

Jul 25, 2018

It's a busy week for General Motors. The automaker reported quarterly earnings this morning, with a profit of $2.38 billion ($1.66 a share). 

GM has also announced its foray into car-sharing. Think Airbnb, but for your Chevy, Buick, GMC or Cadillac.

Co-housing for the elderly

Jul 25, 2018

(U.S. Edition) The European Union is sending the head of the EU commission, Jean-Claude Juncker, to the White House this morning with the aim of getting Trump to lift tariffs on steel and aluminum. We'll look at what we can expect from these talks. Afterwards, we'll explore how car-sharing works amid GM's decision to allow GM owners to rent out their cars, and then we'll discuss how older Americans are participating in co-housing, which allows them to live on their own, but in a community where they can share expenses.

(Global Edition) From the BBC World Service …  Ahead of a meeting today with European Commission President Jean-Claude Juncker, President Trump tweeted he was “ready” to drop all tariffs, barriers and subsidies between the U.S. and EU. But how realistic is that outcome? Then, Sergio Marchionne – the former CEO of Fiat Chrysler who unexpectedly stepped down over the weekend – has died. We look at the legacy of the auto-industry titan who turned around fortunes of the company during his tenure at the top. Afterwards, millennials cling to job security and worry they’ll never own a home ….

Designing tech for the most vulnerable users

Jul 25, 2018

This week, we're looking at the grand bargain of technology — the trade-offs we make for convenience, connectivity and targeted ads — and how that will affect the next generation of tech users. Today, more on how kids deal with the complexity of digital life and how companies could make things easier or safer.

Designing tech for the most vulnerable users

Jul 25, 2018

This week we're looking at the grand bargain of technology with the next generation of users in mind. Today we're looking at how kids deal with the complexity of digital life and how companies could make things easier or safer. Danah Boyd is a principal researcher at Microsoft and the founder of the research organization Data & Society, and much of her research looks at how kids are affected by the digital societies they live in. She talked with Marketplace Tech host Molly Wood. (07/25/2018)

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