JPMorgan Chase is facing six federal investigations or lawsuits, making it in line to unseat Bank of America as the bank with the most legal problems. Plus, Merck has pulled, at least temporarily, a supplement widely used to bulk up cattle at feedlots. The supplement became popular as the cost of feed rose and now eliminating this and similar supplements would shrink the country’s meat supply and possibly raise prices. Finally, the upheaval in Egypt is terrible for the Egyptian economy. Businesses can’t operate and foreign companies are running in the other direction.
The death toll in Egypt keeps mounting. What's it like trying to run a business in the midst of all the chaos? In the U.S., there's confusion about Obamacare and how it will work. That's giving scammers an opportunity. Why are more women taking unpaid internships? It's a "major" issue. Our Weekly Wrappers break down the latest new from Wall Street. Also, this weekend, FOX launches two cable sports channels it hopes will bring down ESPN. Will it work? Host Kai Ryssdal checks in from Sioux Falls, S.D., as part of the latest in our "American Futures" series. And would you buy a wine with the label, "For dummies?"
A new report by Goldman Sachs reveals half of the homes bought last year were purchased with cash. What's that say about America's housing recovery? Walmart reported disappointing earnings today. So, what are shoppers buying these days anyway? Small businesses have reported higher optimism about the state of the economy. Two owners tell us why it's the right time to open up for business. Plus, how is the international business community reacting to what's going on in Egypt? And stories on NBC's big bet on soccer, why beer consumption is on the decline, and how new domain names could change the way we use the Internet.
Egypt has declared a state of emergency. What's that mean for its economy? Trader Bruno Iksil, nicknamed the "London Whale," is cooperating with the government in its case against JP Morgan. Who should be worried? In the U.K., tempers are flaring over the possibility of the government drilling fracking holes in the countryside. In California, farm workers are headed to the office of House Majority Whip Kevin McCarthy to persuade him to advance immigration reform legislation in the House. Also, a look at what hummus wants to do with sports fan and why Coke is running an ad defending artificial sweeteners. Plus, a Los Angeles-based artist discusses her latest work, "Dream Home Resource Center."
The Department of Justice has blocked the American-U.S. Airways merger on anti-trust grounds. Why now? Speaking of setbacks, a cap on out-of-pocket costs that's part of the health care law has been delayed. Are Americans making more of an effort to make timely payments on their credit cards? The credit card delinquency rate is on the decline. Plus, the latest in our Conversations From the Corner Office series -- the CEO of Duke Energy discusses energy diversification. Also, stories on American exceptionalism and luxury housing for college students.
Attorney General Eric Holder wants an overhaul of mandatory minimum drug sentences. What's the economic thinking behind the proposed changes? Meanwhile, billionaire Elon Musk has revealed details of the Hyperloop, a super-fast transport system he wants to build. In Turkey, the government is trying to figure out what to do with the thousands of Syrians who have left their home nation since 2011. Also, a look at the corn economy, bond fallout from Detroit's bankruptcy, and entrepreneurialism in the Middle East. Finally, we debut a new project called "American Futures," a collaboration with Jim Fallows, The Atlantic's national correspondent. It involves us traveling to small towns across the country. Our first stop: Holland, Mich.