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.

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

Aug 10, 2018

"Business is a little dicey right now," Lori Howard says of her bed-and-breakfast.

Dead trees line a clearing as a helicopter battling the Ferguson fire passes behind in the Stanislaus National Forest in California on July 22.

NOAH BERGER/AFP/Getty Images

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A hedge fund gets hungry for Campbell Soup

by Justin Ho

Aug 10, 2018

Big investment groups are scouring the market for companies whose stock they think could be worth more.

Hedge fund Third Point has invested nearly $700 million in Campbell Soup Co.

Justin Sullivan/Getty Images

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As Turkey’s currency tumbles, contagion fears rise

by Reema Khrais

Aug 10, 2018

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 […]

Turkish Lira currency is seen on November 21, 2017 in Istanbul, Turkey.

Chris McGrath/Getty Images

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

by Erika Beras

Aug 10, 2018

In Erie, Pennsylvania, where more than a quarter of residents live in poverty, many are in "chronic crisis mode," one social worker says.

The Poor People’s Campaign March makes its way through downtown Erie. Marchers advocated for increased affordable housing in Erie, better-paying jobs and more accountability from elected officials.

Erika Beras/Marketplace

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Is it the end of the celebrity chef restaurant?

by Kai Ryssdal , Bennett Purser and Barbara Platts

Aug 10, 2018

High rent prices, a need for downsizing and even sexual misconduct allegations have driven high-profile eateries out of business.

The grand opening of Thomas Keller's Bouchon in Beverly Hills, California, in 2009.

Toby Canham/Getty Images

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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.