Marketplace

As many suspected, the Federal Reserve raised interest rates a fourth of a percent today. It's the third hike in six months, and we'll get a little wonky parsing Janet Yellen's comments on inflation, the labor market and overall economic health. Then, we're going hunting for the silver lining in a very cloudy year for retailers. Plus: a look at why bootlegging is booming again.

Senate Majority Leader Mitch McConnell has said he wants a vote on Republicans' health care bill before Congress leaves town for the July 4 recess. That gives the Senate 13 working days to vote on 17.8 percent of the American economy without, so far, any public hearings. We'll take stock of where that's at. Then: A new Bloomberg investigation found Russia's digital intrusion into the U.S. election was more widespread than we thought. We'll talk about the latest. Plus, two local news stories that get at interesting questions: Why can't the Yankees sell tickets and why do Southern California doughnuts come in pink boxes?

In this summer's Shakespeare in the Park, the titular character in "Julius Caesar" is distinctly Trumpy. Of course — 400-year-old spoiler alert! — he's assassinated, and outcry from the right caused Delta and Bank of America pull their support. The theater is the latest in a growing series of political minefields for brand-sensitive companies. We'll look at how companies are trying to find their way and what it means for entertainment. Plus, it's been a tough start to the week for America's highest-profile CEOs, with GE's Jeff Immelt being shown the door and Uber's Travis Kalanick facing a possible leave of absence amid personal tragedy and a new report of dysfunctional corporate culture. Then: New York City is adding a new area code, and the after-market for the old 212 is booming.

Oy. Right after the U.K. kicked off the two-year countdown to Brexit in March, Prime Minister Theresa May called for a snap election in hopes of getting a stronger majority in Parliament to negotiate the country’s exit from the European Union. That plan has backfired, leaving May with less support than she started with. We asked our London reporter for an update on the ground there. Then: We'll talk through the week in business and economic news — it's infrastructure week at the White House, remember? Plus, Taylor Swift and Spotify gave us a lesson in why you should never say, "We Are Never Ever Getting Back Together."

The Senate spent most of the day consumed with former FBI Director James Comey's testimony on President Trump and Russia. But over on the House side, political theater turned into economic reality with the passage of the Financial Choice Act. We'll talk about what it does, how it relates to the GOP's pledge to dismantle Dodd-Frank and its chances of actually becoming law. Then: Big news out of Kansas got a little lost this week. The state's five-year-old experiment with big income tax cuts ended this week. The idea was that low, low taxes would spur economic growth, but for lawmakers the deficits were just too much. What went wrong? Plus: We've talked a lot about the troubles facing brick-and-mortar retail — here's how one California mall says it will survive.

Tomorrow's Election Day in the U.K., and it's a test for Prime Minister Theresa May ahead of Brexit negotiations with the European Union. One of the toughest issues in those talks may well turn out to be immigration. More than 3 million European nationals have settled in Britain, but since the Brexit vote, EU migration to the U.K. has slowed sharply. That's stoked fears of a labor shortage. We'll talk about it. Then: For the first time, Apple is giving third-party vendors access to a sort-of secret machine it uses in fixing cracked phone screens. Screen repair is a $4 billion business, but this move from Apple means it could be in for some changes. Plus, a conversation with the woman who runs the second-busiest airport in the country.

Let's say Trump's tax plan that has yet to be introduced to Congress does get passed. How long would it take for tax cuts to jolt the economy? We ask tax experts. Also on the show: Amazon offers a discount on Prime memberships for people receiving government assistance. What's behind the move? Amazon, again, is going toe-to-toe with Walmart. Plus, we talk to Forbes reporter Chloe Sorvino, who scored an interview with a very private billionaire in Denver whose company controls 85 percent of the pizza cheese market.

The Trump administration has promised to simplify the tax code, which is an idea Democrats and Republicans can get behind. But reforming the tax code is no easy task. We take a look at what this change could mean for the IRS, tax-prep companies and Americans filing their taxes each year. In other news from the White House, President Trump wants to put a nonprofit in charge of air traffic control instead of the Federal Aviation Administration. How would air traffic control work as an independent organization? Also on today's show: We talk to Stephen Beard, Marketplace's European bureau chief, about the upcoming election in the U.K.

Happy jobs day Friday! The unemployment rate is at a 16-year low, but the participation rate is down, with more people leaving the labor force. Also, wage growth is still sluggish. So what is Janet Yellen thinking? We get to it in the Weekly Wrap. In other big news this week: President Trump decided to pull out of the Paris Agreement on climate change, but that isn't stopping companies from participating. American automakers like Ford and GM have said they’re unhappy with the decision and want to continue lowering emissions. Also on today's show: We return to Erie, Pennsylvania, this time to the county prison, where more than half the inmates enter addicted to drugs, including opioids. A new drug called Vivitrol could help the opioid addicts, but under Trump’s proposed budget, the county may no longer be able to afford it.

After days of build-up, President Trump finally made it official: The U.S. is pulling out of the Paris climate agreement. "I was elected to represent the citizens of Pittsburgh, not Paris," Trump said. That's true! But not for nothing, moving away from coal and steel has made that city's economy strong again. Plus, with the U.S. taking a seat on the sidelines of the fight to control global warming, it's also sitting out big investment opportunities that China and the E.U. are promising to grab. Then: There's something of a tug-of-war going on within the Trump administration over the debt ceiling. We'll tell you what you need to know. Plus, the latest installment of our series "My Economy" visits a stay-at-home mom in Texas.