Aug 10, 2018

Are Turkey’s problems contagious?

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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…

Segments From this episode

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

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

A hedge fund gets hungry for Campbell Soup

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

As Turkey’s currency tumbles, contagion fears rise

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…
Turkish Lira currency is seen on November 21, 2017 in Istanbul, Turkey.
Chris McGrath/Getty Images

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

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

Is it the end of the celebrity chef restaurant?

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

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.

Music from the episode

Mobius Streak Hiatus Kaiyote
Chief Rocka Lords Of The Underground
Lost Frank Ocean
Feel Good (feat. Khruangbin) Maribou State, Khruangbin
Counting Stars Nujabes