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Forecasts are predicting strong holiday sales this season, which means retailers, warehouses and other businesses are going to need more employees. But with a labor market this tight, we'll look at how companies are competing for seasonal workers. Then, more than a million children had their identities stolen last year, costing families $542 million. We'll look at what makes kids easy targets and what parents are doing about it. Plus, we'll take you to the world's biggest Elvis Presley festival. It isn't in Nashville or Graceland, but the seaside village of Porthcawl, Wales.
Most of today's show is devoted to our conversation with Jamie Dimon, the CEO of JPMorgan Chase. We talked about what it was like managing the bank and tangling with the government during the financial crisis, and how he sees his role in today's economy. We also asked Dimon what keeps him up at night. President Donald Trump used the term "time value of money" to defend himself against a New York Times report debunking his self-made origin story and implicating him in tax fraud. But what does that actually mean?
Amazon will pay its American employees at least $15 an hour, the company announced today. With 250,000 employees and another 100,000 seasonal workers set to benefit all over the country, can the retail giant pressure its competitors to give out raises, too? We'll look at the potential macroeconomic effects, and what it's like to live on $15 an hour anyway. Then: The cosmetics industry is booming thanks to Instagram and YouTube, but makeup counters at department stores aren’t seeing more customers. How the new guard in makeup is replacing the old. Plus, how the new trade deal with Mexico and Canada will affect drug prices.
The Trump administration has struck a deal with Mexico and Canada to revise NAFTA, now called the United States-Mexico-Canada Agreement. We'll bring you the details and see how the deal is playing down on the farm. Plus: Elon Musk stepped down from Tesla's board this weekend to settle fraud charges, but he'll stay on as CEO of the electric car company. We'll talk about the reasoning behind that move. Plus: In the 20th century, rent strikes were a common tactic to protest living conditions. In 2018's crowded housing market, they might make a comeback.
Thousands of people in California live out of their cars. And for those people, the threat of parking tickets is also the threat of losing their home. But first: We'll look at the week in business and economic news, and tell you everything you need to know about Tesla and the SEC. Plus: 28,000 public service workers applied for student loan forgiveness, but only about 4 percent got it. What happened?
As the United States and Mexico finalize details of a trade agreement, the Trump administration has written a rule that Mexican auto manufacturers pay workers a $16 hourly wage or face a 2.5 percent tariff. But the extra taxes might be cheaper than raising wages. We'll look at what a deal could mean for labor in Mexico, plus give an update on the World Trade Organization and trade talks with Japan. Then: 70 mm film is making a comeback in Hollywood, and that means there’s a revival in the fading film projectionist workforce.
According to the Federal Reserve, anyway. We'll play some of Chair Jerome Powell's statement from today's rate hike announcement and unpack how the central bank sees this economy right now. Then, with the NAFTA deadline looming, we'll look at how close the United States, Mexico and Canada really are to a deal. Plus, your tariff questions, answered by a customs broker.
Tariffs on more than 5,000 new Chinese products went into effect this week, and American importers are scrambling to catch up. The notice was so short that some shipments were on the water on the way to the United States when tariffs hit. We'll talk about how companies are dealing with the unexpected cost. Then: Why Arby's parent company wants to buy Sonic, and the dramatic drop in foreign investment last quarter. Plus, a conversation with Creative Artists Agency co-founder Michael Ovitz.
We're starting the week with two big mergers in the headlines: SiriusXM is buying the streaming music pioneer Pandora, and American fashion company Michael Kors is expected to buy Versace, the Italian fashion house. Those deals have more in common than you might think. Then, speaking of bilateral deals, Iowa's agriculture secretary wants the United States to "re-engage" in trade talks with China, Canada and Mexico, which are some of farmers' biggest customers. We talked with him about how his state is feeling the trade war. Plus: Why you should buy art from women.
Which country will be the first to implement the next generation of wireless technology? The race to 5G is on between the United States and China. The questions is, who foots the bill? Also on today's show: Love 'em or hate 'em, electric scooters are gaining ground. California Gov. Jerry Brown says adult electric scooter riders won’t have to wear helmets starting Jan. 1. The new law is a big victory for companies like Lime and Bird, which have had tense relationships with city governments on issues like crowding and pedestrian accidents. Plus, we're joined by Leigh Gallagher from Fortune Magazine and Rachel Abrams from the New York Times for the Weekly Wrap.
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