Marketplace Morning Report

The editor-in-chief of Bon Appétit magazine, Adam Rapoport, has resigned after a photograph of him in brownface resurfaced. And, a small liberal arts college in Wisconsin is overhauling its academic calendar to prepare for a return to campus amid COVID-19.

From the BBC World Service: The French government releases more aid with fears a slump in demand for airplanes could turn Toulouse into the “new Detroit.” What are the longer-term implications of a drop in electricity demand during COVID-19 restrictions?

Surprise job growth. State reopenings. Market optimism. And positive economic growth projections for the third quarter. Plus, of a potential mega-merger in the pharmaceutical industry. And, the significance of a Russian tanker’s voyage through the Arctic.

New York City, where more than 21,000 people have died from COVID-19, enters phase one of its reopening. OPEC extends record cuts in oil production. We check back in with one of many Black-owned businesses left out of the first round of the PPP.

From the BBC World Service: European airlines criticize U.K. government rules for arriving international passengers. Could a social enterprise model work for a COVID-19 vaccine? The pandemic could wipe half a trillion dollars from Asian economies.

The U.S. unemployment rate unexpectedly dropped from nearly 15% in April to 13.3% in May. Economic divides by race are apparent in the numbers, though: the rate for Black people ticked slightly higher. And, where are sports leagues on plans for reopening?

This week, the Labor Department listed the cities that have been hardest hit by layoffs. The president has a new executive order, allowing federal agencies to bypass some environmental laws. What drives theft and vandalism during protests?

From the BBC World Service: British pharmaceutical giant AstraZeneca begins production of a potential COVID-19 vaccine with some help from Bill Gates. New U.S. trade restrictions on 33 Chinese firms adds to concerns about a technology cold war between the world’s two largest economies. British pubs are turning to takeout services to survive the coronavirus lockdown.

Rehiring has been happening, but slowly. And another 1.9 million people filed jobless claims last week. LA will move money out of policing. A new set of rules from Congress for PPP loans. A look at how housing came to be so precarious for many.

Reimagining a new economy post-COVID-19 requires eliminating racial inequities, says Andre M. Perry. And, a new report shows that many people working for public schools are losing their jobs.