Jun 14, 2017

06/14/2017: The case of the missing CEO

Anbang had purchased the Waldorf Astoria hotel back in 2014. Spencer Platt/Getty Images

The head of the high-profile Chinese company Anbang is no longer running it — and now the public doesn't seem to know where he is. Some speculate that CEO Wu Xiaohui has been detained by anti-corruption investigators. We'll chat with the BBC's Stephen McDonell about what could have happened to him, and learn more about his company's background. Next, we'll discuss the resignation of an Uber board member who made a sexist remark during an all-staff meeting about sexism and harassment, and then take a look at how teens are faring in the summer job market.

Segments From this episode

Teens' summer job prospects look good, thanks to a tight labor market

by Mitchell Hartman

Jun 14, 2017

Youth unemployment has fallen by nearly half since 2010, and fewer young people are looking for work.

A teenager fills out an application at a job fair in the Queens borough of New York City.

Spencer Platt/Getty Images

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Arizona aims to become a manufacturing 'mega-region' with the help of Sonora, Mexico

by Marketplace Contributor

Jun 14, 2017

The state hopes to attract business with cheap land, nearby international ports and supply chain partnerships south of the border.

Gateway Community College instructor Jason Jenkins demonstrates how to type commands into a CNC machine in his industrial technology class. Three community college systems in Arizona will now teach the same curriculum for classes like this.

Carrie Jung

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Here's what the latest interest rate hike could mean for your credit card debt

by Jed Kim

Jun 14, 2017

It could become harder to pay off.

Financial expert Carmen Wong Ulrich says credit cards aren't bad -- until you start looking at them as free cash.

iStockphoto

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Mid-day Update

06/14/2017: About 200 Democrats have decided to sue Trump

by David Brancaccio

Jun 14, 2017

Democrats are suing President Trump for allegedly violating the constitution's emoluments clause, which prohibits presidents from taking foreign gifts without permission from Congress. On today's show, we'll look at why they think they have the standing to sue, and other lawsuits that have been filed against Trump over this issue. Afterwards, we'll examine how Macy's is trying to ramp up sales amid the country's retail crisis, and then talk about Arizona's planned partnership with Mexico to bolster its manufacturing industry.

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Macy’s tries another strategy to hang in the retail game

by Reema Khrais

Jun 14, 2017

Macy’s, like so many other department giants, is reeling from falling sales. Dozens of it stores have shut down as it loses foot traffic to online competition. To reboot itself, Macy’s says it has a new strategy: It plans to offer more exclusive lines. Click the audio player above to hear the full story. Stories […]

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Is competition the solution to high drug prices?

by Dan Gorenstein

Jun 14, 2017

A recent U.S. Supreme Court ruling supports a new class of generic drugs.

Joe Raedle/Getty Images

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The head of the high-profile Chinese company Anbang is no longer running it — and now the public doesn’t seem to know where he is. Some speculate that CEO Wu Xiaohui has been detained by anti-corruption investigators. We’ll chat with the BBC’s Stephen McDonell about what could have happened to him, and learn more about his company’s background. Next, we’ll discuss the resignation of an Uber board member who made a sexist remark during an all-staff meeting about sexism and harassment, and then take a look at how teens are faring in the summer job market.