The White House's "Made In America Week" started with a lot of trade news. Trade reps from China and the U.S. will meet Wednesday, and this afternoon we got the administration's objectives for renegotiating NAFTA. We'll talk about both. Then: Back-to-school shopping used to be like Christmas for some retailers, but now it happens all year round. Plus, because it's still summer after all, we have an interview with the inventor of the self-sealing water balloon. Finally, as part of our ongoing series "Way of Life," we'll look at the tough-to replace food jobs that have left Chicago.
The Senate has a pretty full plate between now and its delayed August recess, but two Republican senators are adding an immigration bill to the list. They're reportedly working with the White House on legislation that would cut legal immigration in half by 2027. That's in line with President Trump's campaign promise, but it directly contradicts another one. Plus, we got the latest inflation numbers today, and June was pretty flat: core prices were up just 10 percent. That's lower than analysts expected and much lower than the Fed's 2 percent target. But why do we want prices to rise anyway? Then: For two decades, the railroad CSX let crews nap under certain circumstances. This spring the new CEO got rid of that practice, shining a light on a frequent topic of discussion in the transportation business.
President Trump's budget director Mick Mulvaney took to the Wall Street Journal's op-ed page today to make the case for "MAGAnomics." There's a lot to unpack. We'll take it line by line, starting with the White House's promise of 3 percent growth. Then: It's performance review season, at least it is at Marketplace. But some companies are finding that a steady stream of feedback is more effective. Plus: Silicon Valley is just 25 percent women, and a new study found many women who leave tech jobs were sexually harassed and passed over for promotions.
The Humphrey Hawkins Act of 1978 codified two fundamental parts of the Federal Reserve. First, the duel mandate of full employment and steady inflation. Second, that twice a year the Fed chair would schlep up to Capitol Hill and tell Congress what's goin' on with the economy. Today was possibly the last Humphrey Hawkins day for Chair Janet Yellen, so we'll go over a few highlights of her testimony. Then: The refugee crisis is still very real in Greece, where the government is struggling to keep up. Now, help is coming from an unlikely source. Plus, when does corporate-funded research cross the line? Google might be skirting it, according to an investigation from The Wall Street Journal.
We told you yesterday about Congress' long to-do list, and today Senate Majority Leader Mitch McConnell delayed the August recess to address it. But over on the other end of Pennsylvania Avenue, there's a lot going on. (No, not that) President Trump send Congress his first nominee for the Federal Reserve, and got his nominee for the Office of Information and Regulatory Affairs approved. We'll talk about both. Then: Snap shares are trading below their initial public offering price back in March amid advertising worries. We'll look at a possible case of buyer's remorse. Plus: the business of building big stadiums.
Congress is back from its July Fourth break, and there's a lot to do in a short few weeks before the next recess. Healthcare is at the top of a long agenda, but if it doesn’t pass, the delay will push on to other legislation coming down the pike. We'll break it all down. Then: President Trump and European leaders had pretty different assessments of this weekend's G-20 Summit, so with that in mind let's do an economic cost-benefit analysis of "America First." Plus, a story of good intentions gone wrong in a couple of the busiest ports in the country.