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PODCAST: Chesapeake Energy CEO to step down and a step up for airline tea time

Aubrey McClendon, who is stepping down as CEO of Chesapeake Energy Corporation, photographed with Jack Nicklaus in 2007.

U.S. Federal Reserve chief Ben Bernanke speaks at a news conference in Washington, D.C., on Sept. 13, 2012 following a two-day Federal Open Market Committee meeting. Bernanke said that the country's unemployment situation 'remains a grave concern' while speaking after the Fed cut its growth projections for 2012 and announced fresh monetary easing efforts aimed at pushing down long-term interest rates to encourage investment and hiring.

Today, the odd sport of Fed watching, the end of a natural gas giant, and reengineering tea for jet travel.

This afternoon, the markets will weigh in on the latest announcement from the Fed. It wraps up its two-day meeting today. But don't expect surprises. The Fed has said before it'll keep interest rates super-low until the jobless rate dips below 6.5 percent. And it hasn't. Yet, traders still eagerly await the Fed's words. It's the complicated and unusual business of Fed watching.

The head of a natural gas giant and leader in the controversial technique known as fracking is stepping down. After a rocky tenure that included investigations, accusations involving bid-rigging and shady loans, Chesapeake Energy CEO Aubrey McClendon announced he is retiring.

There are few joys in flying these days, unless you're lucky enough to be in first class. But even those of us in coach can usually enjoy the simple pleasure of a hot cup of tea without getting smacked with a surcharge. The problem is, tea apparently doesn't taste quite as good at 35,000 feet. This, of course, is a major problem for discerning British flyers. So British Airways and a major tea company are joining forces to produce a special tea for airborne sippers.

Also in the news: New numbers out today show America's economy shrank 0.1 percent last quarter. Much of that was due to decreased military spending. On the brighter side, the report shows growth in consumer spending and business investment. And there's a €1,000 prize for information on an enormous missing cookie. And it just might be held for ransom by a Cookie Monster enthusiast. Authorities are looking for a 44-pound bronze cookie sculpture, taken from the grounds of a famous German baking company. One clue: a ransom note with a picture of someone in a Cookie Monster costume holding a giant golden cookie. The note is made with cut out magazine letters like in old movies. It demands a cookie delivery to children at a local hospital.

About the author

Mark Garrison is a reporter for Marketplace and substitute host for the Marketplace Morning Report, based in New York.

U.S. Federal Reserve chief Ben Bernanke speaks at a news conference in Washington, D.C., on Sept. 13, 2012 following a two-day Federal Open Market Committee meeting. Bernanke said that the country's unemployment situation 'remains a grave concern' while speaking after the Fed cut its growth projections for 2012 and announced fresh monetary easing efforts aimed at pushing down long-term interest rates to encourage investment and hiring.

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