Jul 21, 2017

07/21/2017: Yep, Amazon is launching a social network

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The U.S. Treasury has just slapped ExxonMobil with a $2 million fine for violating business sanctions against Russia. We'll take a look at how the controversy began and how Secretary of State Rex Tillerson (the former CEO of ExxonMobil) has responded. Afterwards, we'll discuss the challenges that General Electric's incoming CEO John Flannery may face, and then talk about Amazon's new social network: Spark.

 

 

Segments From this episode

In Congress, a move to save an earthquake early warning system from budget cuts

Jul 21, 2017
Efforts to build a warning system have been going on for years. Now they face possible demise.
A screen shows the countdown to a simulated 7.8 magnitude earthquake during a drill for first responders at the Office of Emergency Management in Los Angeles in 2013.
FREDERIC J. BROWN/AFP/Getty Images

GE’s latest earnings are a last-chance showing for its CEO

Jul 21, 2017
General Electric is expected to report its second quarter earnings before the markets open today . It’ll be longtime CEO Jeffrey Immelt’s last chance to seal his legacy at the company before stepping down at the end of the month. GE’s stock has earned the distinction of being the worst performer in the Dow Jones […]

Sears is hoping Amazon deal will turn around its fortunes

Jul 21, 2017
Sears has inked a deal with Amazon that it hopes will boost its flagging sales. Amazon will begin selling appliances by Kenmore — one of Sears’ flagship brands. But there could also be a downside for the struggling department store chain. Click the audio player above to hear the full story.   Stories You Might […]
A worker pushes a cart through shelves lined with goods at an Amazon warehouse in Germany.
Sean Gallup/Getty Images

07/21/2017: When the company that used to be run by the Secretary of State sues the Secretary of the Treasury...

Jul 21, 2017
The Treasury Department has fined ExxonMobil $2 million for violating economic sanctions against Russia while Secretary of State Rex Tillerson was running the company. On today's show, the BBC's Jonathan Frewin joined us to break down the controversy. Afterwards, we'll discuss Sears' new business relationship with Amazon, and then look at a possible cut in federal funding to an early earthquake-warning system.

The U.S. Treasury has just slapped ExxonMobil with a $2 million fine for violating business sanctions against Russia. We’ll take a look at how the controversy began and how Secretary of State Rex Tillerson (the former CEO of ExxonMobil) has responded. Afterwards, we’ll discuss the challenges that General Electric’s incoming CEO John Flannery may face, and then talk about Amazon’s new social network: Spark.

 

 

The team

Stephen Ryan Producer, BBC