President Donald Trump accused China of manipulating its currency today. It's not the first time the White House has thrown out the accusation, but this time it comes amid trade tensions, when the yuan has fallen 8 percent compared to the dollar, which could offset the effects of tariffs. We'll talk about that at the top of the show today, along with Trump's recent comments about the Fed. Then, the latest in Trump’s efforts to roll back Obama-era regulations includes the Endangered Species Act. The administration plans to analyze the economic costs of regulating endangered wildlife, which has environmentalists worried. Plus: What "WALL-E" says about us, a decade after its release, and a conversation with the author behind "The Meg" on the enduring power of sharks on the big screen.
"Domestic car company" is kind of a misnomer these days. Auto manufacturers get parts from all over the world, and companies like Ford and General Motors stand to both benefit and be hurt by tariffs, making the politics much murkier. We'll talk about it, plus we'll hear from one business owner who applied for exclusions from steel tariffs and was denied. Plus, we'll talk about urban heat islands and how we crown the Song of the Summer.
Antitrust regulators in the European Union are charging Google a $5 billion fine for using its Android software to push out competition and making phone companies pre-install its apps. We'll talk about what that means for the company and the ways overseas regulations reach consumers in the United States. Then, we'll talk about Kathleen Kraninger, who President Donald Trump has nominated to lead the Consumer Financial Protection Bureau, despite her lack of consumer finance experience. Plus: Storm chasing as tourism.
Under the Trump administration, federal agencies are no longer required to determine the financial costs of climate change, so a group of scientists have stepped up to the plate. We'll talk about that project and what it can tell us about the real-world cost of carbon. Plus: Amid rising tensions with the United States, Japan and the European Union have struck a new trade deal with each other. Then: We'll talk with Lauren Greenfield about her new film “Generation Wealth."
We're starting today with news from overseas, not Helsinki but Geneva, where the World Trade Organization is fielding complains from China against the United States, and the U.S. against pretty much everybody. We'll talk about what happens next and what it could mean for the brewing trade war(s). Then: site glitches aside, Amazon's Prime Day has become a sort of Black Friday in July, which means a lot of packages will be on the move these next few days. We'll look at whether the shipping industry will be able to, uh, deliver. Plus: If you're sad the World Cup's over, there's always baseball ... and Major League Baseball has lots of open seats.
The Department of Justice is appealing the ruling that cleared Time Warner's $85 billion merger with AT&T, the government announced just before we put out yesterday's show. Today, we're trying to game out what's next, especially since the merger's already begun. Then, we'll look at the other huge media deal in the offing: Disney and Comcast's bidding war for 21st Century Fox, and Hulu's role in it. And, of course, we'll tackle the fire hose of political news in the Weekly Wrap.