Latest from Jesson Duller

• May 20, 2022

  Canada to ban Chinese tech firms from its 5G rollout

  

  From the BBC World Service: Canada says it will ban two of China’s biggest telecoms equipment makers, Huawei and ZTE, from working on its 5G phone networks. Also, the BBC visits the Ukrainian port city of Odessa to hear how grain exports are being blocked by Russia, and the Bank of England’s efforts to improve financial literacy, one Beanie Baby at a time. 

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• May 19, 2022

  How the pros weather this financial turbulence

  

  How much impact will inflation have on profits? Will higher interest rates lead a recession? Investors are getting out of stocks at a rate that’s causing the markets to fall at concerning levels. To navigate through some of this, we consult with Barry Ritholtz, a veteran who has seen it all. Also, companies have been trying to get employees back into the office, at least a few days a week. But rising COVID infection rates are frustrating some of those efforts. We look into the return of tourism, which can be an economic driver for lots of places – but also a source of disruption.

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• May 19, 2022

  Department of Education to guide colleges toward addressing students’ mental health

  

  But first … we attempt to put yesterday’s down market numbers into context, even though the market doesn’t appear any better this morning. The Department of Education is offering guidance on how colleges can utilize government funding to address the mental health of students. Marketplace’s Stephanie Hughes just spoke with U.S. Secretary of Education Miguel Cardona about this, and we have some of the highlights of their discussion. Plus, China’s COVID lockdowns in its largest port cities triggered concerns about even more disruptions to the already-burdened global supply chain. But in our discussion with Gene Seroka, the executive director of the Port of Los Angeles, that hasn’t happened. We spoke to Seroka about the various challenges the port has been facing.

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• May 19, 2022

  Australia’s cost-of-living issues hover over upcoming election

  

  From the BBC World Service: As Australians head to the polls this weekend, new data says unemployment is its lowest since the 1970s, but inflation and youth unemployment remain major focuses for voters. Also, Sri Lanka defaults on international debt and the BBC visits a “secret school” defying the Taliban to continue teaching Afghan girls.

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• May 18, 2022

  New leadership is coming to the Philippines. Investors have questions.

  

  Ferdinand Marcos Jr., son of an ousted dictator and whose mother Imelda was known for her legendary collection of footwear, is poised to become the next president of the Philippines. To help us parse what this could mean for the rest of the world and how the Philippines got to this point, we spoke with the BBC’s Howard Johnson. Additionally, we have the latest on breaking news this morning that the U.S. Soccer Federation and its players have a landmark deal to guarantee equal pay for the men’s and women’s teams. Also, the latest on the effects of sanctions on Russia. Plus, we dig into the changing dynamics of the housing market. And, Susan Schmidt joins us for our discussion about market activity.

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• May 18, 2022

  Trying to explain the dissonance between oil and gas prices

  

  The price of crude oil is down about 13% since hitting roughly $130 a barrel in early March, when Russia invaded Ukraine. At the same time, the price of gasoline at the pump keeps rising, reaching new records every day. What’s going on? To help explain, we spoke to Javier Blas, a Bloomberg Opinion columnist covering energy and commodities. Plus, the U.S. subsidiary of one of the world’s largest financial services and insurance companies has agreed to pay more than $6 billion in fines and restitution for a fraud scheme that led to the collapse of a group of investment funds. And, in Shanghai, COVID numbers are dropping, but restrictions on residents are still tight.

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• May 18, 2022

  U.K. inflation rising at fastest pace in 40 years

  

  From the BBC World Service: U.K. inflation jumped to 9% in the 12 months to April, up from 7% in March, as higher energy bills hit millions of households. Also, could Chevron get the green light to re-start work in Venezuela? And Spain’s government proposes new laws around abortion rights.

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• May 17, 2022

  FDA takes more steps to mitigate baby formula shortage

  

  Help is on the way for the baby formula shortage, but it’s going to take some time. Plans are underway to reopen a plant in Michigan that, when it was in operation, was the largest formula producer in the United States. However, the process of restarting the plant and producing enough formula to start filling empty spaces on store shelves will take weeks upon weeks. A program that helps people pay for heating now has to pivot to concerns on the other side – air conditioning. We look into some of the dynamics behind condo prices, which remain high.

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• May 17, 2022

  How global threats can bring nations together

  

  If the world is going to find solutions to its toughest problems, it’s going to need a new infrastructure that fosters cooperation among nations. That’s the argument made by Ian Bremmer, president of political-risk consultancy Eurasia Group, in his new book “The Power of Crisis.” We look into the driving forces behind consumer spending in the face of inflation and economic uncertainty.

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• May 17, 2022

  Sri Lanka has officially run out of fuel

  

  From the BBC World Service: Sri Lanka is now a country with an empty tank, as the worst economic crisis in its independent history continues to spiral. Also, what the White House’s shift in approach to Cuba could mean for the island’s economy, and we hear memories of McDonald’s in Moscow as the golden arches get set to be packed up for good in Russia.

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