Jun 2, 2017

06/02/2017: What if climate agreements were actually good for business?

"We have to make decisions for decades," says Joe Hinrichs, Ford's executive vice president of the Americas. "So we don't get the luxury of making decisions that are four years in nature." Carl Court/Getty Images

Happy jobs day Friday! The unemployment rate is at a 16-year low, but the participation rate is down, with more people leaving the labor force. Also, wage growth is still sluggish. So what is Janet Yellen thinking? We get to it in the Weekly Wrap. In other big news this week: President Trump decided to pull out of the Paris Agreement on climate change, but that isn't stopping companies from participating. American automakers like Ford and GM have said they’re unhappy with the decision and want to continue lowering emissions. Also on today's show: We return to Erie, Pennsylvania, this time to the county prison, where more than half the inmates enter addicted to drugs, including opioids. A new drug called Vivitrol could help the opioid addicts, but under Trump’s proposed budget, the county may no longer be able to afford it.

Segments From this episode

How aprons took Ellen Bennett from line cook to CEO

by Kai Ryssdal and Robert Garrova

Jun 2, 2017

Ellen Bennett founded Hedley & Bennett to create uniforms that give chefs "a sense of dignity and pride."

“We’re a full-blown manufacturing company…And people can come and visit. This is totally open to the public,” says Ellen Bennett of Hedley & Bennett

Robert Garrova/Marketplace

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The Big Promise

Prisons try to curb addiction with a drug that heroin-proofs your brain

by Erika Beras

Jun 2, 2017

Inmates leaving Erie County Prison get a shot of Vivitrol before they are released.

Dennis Rodgers, 29, is serving a sentence in the Erie County Prison stemming from drug abuse. A candidate for Vivitrol, he says, “This is a good shot to be completely clean.”

Erika Beras

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Big banks warn of trading revenue decline

by Annie Baxter

Jun 2, 2017

Some of the nation’s biggest banks, JPMorgan Chase, Bank of America and Citigroup, are warning that trading revenue in the second quarter will be down at least 10 percent compared to a year ago. Goldman Sachs also flagged a drop in trading revenue. One of the reasons they’re pointing to? A lack of market volatility. That may […]

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Why investors want companies like Blue Apron to go public

by Andy Uhler

Jun 2, 2017

The meal-kit delivery company Blue Apron has filed to go public. Investors hoping to get a piece at the IPO or later will be buying into a company that’s got a young customer base and that’s growing fast. But it’s a company with a business model that’s not all that complicated, shall we say. So […]

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Weekly Wrap

Weekly Wrap: What business is saying about Trump's Paris Agreement withdrawal

by Kai Ryssdal

Jun 2, 2017

Ana Swanson of The Washington Post and Sudeep Reddy of Politico join us to discuss the week’s business and economic news. We discuss the latest unemployment rate; with the country at almost full employment, what are the chances of inflation rising? Plus, we look at the business world’s reaction after President Trump’s withdrawal from the […]

President Donald Trump announces his decision to pull the United States out of the Paris climate agreement in the Rose Garden at the White House June 1, 2017 in Washington, DC.

Chip Somodevilla/Getty Images

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Climate agreement isn't dead for U.S. automakers

by Adam Allington

Jun 2, 2017

Microsoft, Shell, GE and Cargill are among those warning that President Trump’s decision to withdraw from the Paris Agreement on climate change will put U.S. companies at a disadvantage. Click the audio player above to hear the full story. Stories You Might Like Why SVB makes the Federal Reserve’s inflation fight awkward At the intersection […]

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Happy jobs day Friday! The unemployment rate is at a 16-year low, but the participation rate is down, with more people leaving the labor force. Also, wage growth is still sluggish. So what is Janet Yellen thinking? We get to it in the Weekly Wrap. In other big news this week: President Trump decided to pull out of the Paris Agreement on climate change, but that isn’t stopping companies from participating. American automakers like Ford and GM have said they’re unhappy with the decision and want to continue lowering emissions. Also on today’s show: We return to Erie, Pennsylvania, this time to the county prison, where more than half the inmates enter addicted to drugs, including opioids. A new drug called Vivitrol could help the opioid addicts, but under Trump’s proposed budget, the county may no longer be able to afford it.