Retailers got a shock to the system today when Amazon announced plans to buy the high-end grocer Whole Foods for $13.7 billion. So what does the world's largest digital retailer want with all those stores? We'll talk about it in the Weekly Wrap. Then: What comes to mind when you hear the word "manufacturing"? Giant factories? Big burly dudes operating heavy machinery? Well, it might be time to rethink that. A new group of entrepreneurs are bringing smaller-scale manufacturing back to America's cities. Plus: Another installment of our seasonal series "Summer: Brought to You By."
EPA Administrator Scott Pruitt caught a lot of heat for claiming the U.S. has added 50,000 coal jobs. That's not true; there are actually about 51,000 coal miners in this country total. That small group wields out-sized political influence, so we'll do numbers on the coal industry and the way energy is moving overall. Then: A gas explosion in Colorado this spring is renewing an intense debate in that state over drilling in urban areas. Plus, as we approach the ten-year anniversary of the iPhone, we'll take a look at the untold stories of its invention with author Brian Merchant.
As many suspected, the Federal Reserve raised interest rates a fourth of a percent today. It's the third hike in six months, and we'll get a little wonky parsing Yellen's comments on inflation, the labor market and overall economic health. Then, we're going hunting for the silver lining in a very cloudy year for retailers. Plus: a look at why bootlegging is booming again.
Senate Majority Leader Mitch McConnell has said he wants a vote on Republicans' health care bill before Congress leaves town for the July 4 recess. That gives the Senate 13 working days to vote on 17.8 percent of the American economy without, so far, any public hearings. We'll take stock of where that's at. Then: A new Bloomberg investigation found Russia's digital intrusion into the U.S. election was more widespread than we thought. We'll talk about the latest. Plus, two local news stories that get at interesting questions: Why can't the Yankees sell tickets and why do Southern California doughnuts come in pink boxes?
In this summer's Shakespeare in the Park, the titular character in "Julius Caesar" is distinctly Trumpy. Of course — 400-year-old spoiler alert! — he's assassinated, and outcry from the right caused both Delta and Bank of America both pull their support. The theater is the latest in a growing series of political minefields for brand-sensitive companies. We'll look at how companies are trying to find their way and what it means for entertainment. Plus, it's been a tough start to the week for America's highest-profile CEOs, with GE's Jeff Immelt being shown the door and Uber's Travis Kalanick facing a possible leave of absence amid personal tragedy, a new report of dysfunctional corporate culture. Then: New York City is adding a new area code, and the after-market for the old 212 is booming.
Oy. Right after the U.K. kicked off the two-year countdown to Brexit in March, Prime Minister Theresa May called for a snap election in hopes of getting a stronger majority in Parliament to negotiate the country’s exit from the European Union. That plan has backfired, leaving May with less support than she started with. We asked our London reporter for an update on the ground there. Then: We'll talk through the week in business and economic news — it's infrastructure week at the White House, remember? Plus, Taylor Swift and Spotify gave us a lesson in why you should never say, "We Are Never Ever Getting Back Together."