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Aug 10, 2018

Are Turkey’s problems contagious?

It’s rare that foreign exchange markets top the news, but when they do, it’s never good. Turkey’s currency, the lira, fell to record lows against the dollar as President Donald Trump hit the country with additional tariffs on steel and aluminum. We’ll break down what happened and try to figure out if other countries should be worried. Then, we’ll talk to a business near the wildfires that closed down Yosemite National Park during peak season. Plus: The sun sets on the celebrity chef restaurant.

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Segments From This Episode

With California wildfires burning, it’s a tough time to be running a Yosemite-area inn
by Kai Ryssdal and Maria Hollenhorst
NOAH BERGER/AFP/Getty Images
"Business is a little dicey right now," Lori Howard says of her bed-and-breakfast.
A hedge fund gets hungry for Campbell Soup
by Justin Ho
Justin Sullivan/Getty Images
Big investment groups are scouring the market for companies whose stock they think could be worth more.
As Turkey’s currency tumbles, contagion fears rise
by Reema Khrais
Chris McGrath/Getty Images
Turkey’s currency, the lira, is in free fall. It’s been declining for months and today it reached a record low, down by as much as 18 percent. Part of the reason is Turkey’s bad relations with the United States. The two countries have been at odds lately over the detention of an American pastor. And […]
For Americans who rely on public housing, HUD proposals strike fear
by Erika Beras
Erika Beras/Marketplace
In Erie, Pennsylvania, where more than a quarter of residents live in poverty, many are in "chronic crisis mode," one social worker says.
Is it the end of the celebrity chef restaurant?
by Kai Ryssdal, Bennett Purser and Barbara Platts
Toby Canham/Getty Images
High rent prices, a need for downsizing and even sexual misconduct allegations have driven high-profile eateries out of business.

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Are Turkey’s problems contagious?

Subscribe:

Segments From This Episode

With California wildfires burning, it’s a tough time to be running a Yosemite-area inn

A hedge fund gets hungry for Campbell Soup

As Turkey’s currency tumbles, contagion fears rise

For Americans who rely on public housing, HUD proposals strike fear

Is it the end of the celebrity chef restaurant?

Music from the episode