Week of June 5th, 2017

Sheelah Kolhatkar of The New Yorker and David Gura of Bloomberg join us to discuss the week’s business and economic news. With the stunning election results in Britain now final, we look at how the political turmoil will impact Brexit negotiations and if the European Union now has leverage. Then, we turn our attention to […]

The election results mean May's leadership could be challenged, British pundits say.

It's an arbitrary target, and some experts say its time for a change.

Do you have a less-tortured Swift pun? Inquire within.

'The politicians have got to get their act together,' says Simon Topman of the Acme Whistle Co.

'A happy passenger is a spending passenger.'

Oy. Right after the U.K. kicked off the two-year countdown to Brexit in March, Prime Minister Theresa May called for a snap election in hopes of getting a stronger majority in Parliament to negotiate the country’s exit from the European Union. That plan has backfired, leaving May with less support than she started with. We asked our London reporter for an update on the ground there. Then: We’ll talk through the week in business and economic news — it’s infrastructure week at the White House, remember? Plus, Taylor Swift and Spotify gave us a lesson in why you should never say, “We Are Never Ever Getting Back Together.”

We’re diving into the economics of being a recent grad this week, from building credit, to finding the right job, to saving for a home (or just paying the rent).  We have tips for recent grads from Ask a Manager’s Alison Green and The Points Guy, Brian Kelly. Plus, our team traveled to San Francisco and Manhattan talking to businesses that have nailed marketing to millennials (some millennials, anyway): Everlane and The Sill.

The prime minister had been hoping for stronger support during her Brexit negotiations.

A Saudi announcement of $20 billion to invest in US infrastructure could be just the beginning of more overseas money for domestic projects.

With price of sugar going up, more candy could be produced outside of the U.S.

There’s a new phone coming out that’s been created by a familiar face. Andy Rubin, the creator of Android, is launching what’s called Essential Phone. He joined us to talk about his target market and the challenge’s he’s faced trying to introduce a new product to the market. Afterwards, we’ll cap off the week by playing Silicon Tally with Alex Fitzpatrick, lifestyle editor at Time Magazine. 

The British election results are in, revealing that the ruling conservative party has lost its majority in Parliament. On today’s show, we’ll take a look at what this means for the future of Brexit negotiations. Afterwards, Robert Puentes — president and CEO of the Eno Center for Transportation — explains what public-private partnerships would mean for America’s infrastructure system. 

From credit basics to great perks, "The Points Guy" Brian Kelly gives his best credit tips.

Do you know your millennial brands from your ascetically aspirational rom-coms?

Also, how can you plan for your dream home?

Its Instagram posts are the stereotypical depiction of the millennial lifestyle.

Alison Green of Ask A Manager lends her advice for recent grads hunting for jobs.

New York Magazine advice columnist Heather Havrilesky gives the Marketplace commencement speech.

You can do better than a fiddle fig tree.

Lawmakers override the governor to get taxes back on the books.

Hundreds of important positions remain unfilled, and most of them require Senate confirmation.

Many models are making the switch from wearing clothes to designing them.

LA's Glendale Galleria is making shopping more convenient — and fun — for its visitors.

It simply says that financial advisers must act in your best interest.

The opening bid is $15,000, but they're the 'holy grail' for size 9 1/2 fans.

The Senate spent most of the day consumed with former FBI Director James Comey’s testimony on President Trump and Russia. But over on the House side, political theater turned into economic reality with the passage of the Financial Choice Act. We’ll talk about what it does, how it relates to the GOP’s pledge to dismantle Dodd-Frank and its chances of actually becoming law. Then: Big news out of Kansas got a little lost this week. The state’s five-year-old experiment with big income tax cuts ended this week. The idea was that low, low taxes would spur economic growth, but for lawmakers the deficits were just too much. What went wrong? Plus: We’ve talked a lot about the troubles facing brick-and-mortar retail — here’s how one California mall says it will survive. 

FBI-themed bar food and drinks are just part of the plan to monetize the political drama.

Tech companies often have founder-centric structures.

With Former FBI Director James Comey set to testify on Capitol Hill this morning, we’ll discuss what’s at stake for U.S. markets and business interests. Next up, we’ll look at a new financial rule that’ll raise the standards for investment advisers, and then talk about why major U.S. airlines have agreed to stay in a global agreement to reduce carbon emissions.

Google and Apple are implementing new tools in their browsers that would block certain ads, like videos that automatically play with the sound on. On today’s show, we’ll chat about the move with analyst Brian Wieser, who argues this could make advertisers develop ads that are lot more friendly for users. Afterwards, we’ll hear from Ardine Williams, a VP of talent acquisition for Amazon Web Services, about the difficulties veterans face when trying to find a job and Amazon’s efforts to help them. 

The tech company's head of talent acquisition says she knows difficult it can be for a vet to find a civilian job.

EU workers, unsure of their post-Brexit status, choose not to settle in Britain.

When good intentions go awry.

The company is rolling out its device to help fix cracked iPhone screens.

Deborah Flint is the CEO of Los Angeles World Airports. She's overseeing a multibillion dollar, multiyear overhaul of LAX.

Tomorrow’s Election Day in the U.K., and it’s a test for Prime Minister Theresa May ahead of Brexit negotiations with the European Union. One of the toughest issues in those talks may well turn out to be immigration. More than 3 million European nationals have settled in Britain, but since the Brexit vote, EU migration to the U.K. has slowed sharply. That’s stoked fears of a labor shortage. We’ll talk about it. Then: For the first time, Apple is giving third-party vendors access to a sort-of secret machine it uses in fixing cracked phone screens. Screen repair is a $4 billion business, but this move from Apple means it could be in for some changes. Plus, a conversation with the woman who runs the second-busiest airport in the country.

Investigations at Uber over harassment and discrimination claims have led to the dismissal of 20 employees. As controversy after controversy continues to plague Uber, what will the company’s future look like? Fortune editor Adam Lashinsky joined us to talk about whether its workplace culture can change, and if it can continue to attract talent. Afterwards, we’ll look at the challenges South Africa’s economy currently faces, including citizens’ lack of confidence in the country’s president. Plus: We explain the psychological reasons behind stock splitting. 

The amount of natural gas flowing to Mexico quadrupled in recent years.

Uber has hired Harvard business professor Frances Frei to make changes at a pivotal moment for the company.

Uber has recently fired 20 employees amid complaints about the company’s culture. There is at least one new hire though: Francis Frei, who’s set to be senior vice president of leadership and strategy. Frei joined us to talk about why she came on board and the changes she wants to make. Afterwards, we’ll discuss the possibility of increased internet regulation in the U.K. following recent terrorist attacks. The BBC’s Rory Cellan explains what these restrictions might look like. 

The automaker is competing against electric and autonomous car companies as well as Ford and Honda.

It depends on what kind of taxes are cut and how they are paid for.

Pizza Hut, Papa John's and Domino's all buy mozzarella from Leprino Foods.

Advocates of stronger immigration enforcement want to require employers to use the online vetting system.

The return of 'normal' versus 'not normal,' a preview of the Make Me Smart book club and a very important Twitter poll.

Let’s say Trump’s tax plan that has yet to be introduced to Congress does get passed. How long would it take for tax cuts to jolt the economy? We ask tax experts. Also on the show: Amazon offers a discount on Prime memberships for people receiving government assistance. What’s behind the move? Amazon, again, is going toe-to-toe with Walmart. Plus, we talk to Forbes reporter Chloe Sorvino, who scored an interview with a very private billionaire in Denver whose company controls 85 percent of the pizza cheese market.

A program in Philadelphia is teaching entrepreneurship through the successes and failures of the music business.

The Liberal Democrats are going nowhere in the upcoming U.K. election. Here is why The Economist is endorsing them.

Following the recent terrorist attacks in London, U.K. Prime Minister Theresa May has argued that the internet provides terrorism with “the safe space it needs to breed.” Elad Yoran, executive chairman of the communications company KoolSpan, joined us to share why he disagrees with May, and whether law enforcement and the tech community can find middle ground on the issue. Afterwards, we’ll look at key highlights from Apple’s World Wide Developers Conference.   

General Motors’ annual shareholder meeting today might get a little heated. One activist investor is unhappy GM’s share price is almost exactly the same as it was when the company came out of bankruptcy. So he’s proposing some financial re-engineering of the company’s stock. On today’s show, we’ll explain how stock splitting works. Afterwards, we’ll chat with the editor in chief of The Economist, Zanny Minton Beddoes, about who  the publication is endorsing in the upcoming U.K. election. Plus: A look at Puerto Rico’s education crisis.

Despite recent terror attacks, voting is still about Brexit leadership.

Simon Henderson of The Washington Institute says a major political crisis could affect the supply and price of oil.

The White House says a revamp will boost revenues. Democrats want an easier system, too. So why hasn't it happened?

What other female entrepreneur movies are there? More than you might think.

The Trump administration has promised to simplify the tax code, which is an idea Democrats and Republicans can get behind. But reforming the tax code is no easy task. We take a look at what this change could mean for the IRS, tax-prep companies and Americans filing their taxes each year. In other news from the White House, President Trump wants to put a nonprofit in charge of air traffic control instead of the Federal Aviation Administration. How would air traffic control work as an independent organization? Also on today’s show: We talk to Stephen Beard, Marketplace’s European bureau chief, about the upcoming election in the U.K. 

And offers up some advice for college grads.

Hint: they want you to buy more snacks.

Beef Products Inc. has filed a nearly $6 billion lawsuit against ABC.

In its first year, the computer class is becoming one of the campus' most popular offerings.

Modern farming has made it tough for a new generation to get started.

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. And finally, we’ll discuss Major League Baseball’s partnership with Intel to live-stream games in virtual reality.

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.