Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A popular Chicago bar is planning an expansion, including a second location. Crain’s reports Butch McGuire’s is looking for a new location in Lincoln Park. The deal’s not done yet but the report says the expansion is imminent. The 64-year-old bar is eyeing 2249 N. Lincoln. That location is the former home of Tobacco Road Tap Room. Butch McGuire’s current location is 20 W. Division. Owners haven’t commented on the report. 

Also, WestJet has suspended nine of its routes between Canada and the U.S., including one in and out of Chicago. Listen for more below:

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A new forecast includes improved revenue projections for the State of Illinois in the upcoming fiscal year, despite concerns about the local and national economy. The forecast comes from the Commission on Government Forecasting and Accountability, the General Assembly’s independent forecasting arm. The projection is for $54.5 billion in revenue in fiscal year 2026, $266 million more than its March projection. The forecast is still about $471 million below Governor Pritzker’s projection earlier this year and does not include $492 million in new revenue expected to be raised in the governor’s budget. 

Also, United Airlines has filed a motion to intervene in a lawsuit brought by American Airlines against the City of Chicago over a new allocation of gates at O’Hare Airport. Listen for more below:

Segment 1: Business reporter Steve Alexander chats with John about Warren Buffett announcing he will be stepping down and the impact he’s had on the economy.

Segment 2: Emily Stewart, Senior Correspondent, Business Insider, tells John how wealthy people are single-handedly warding off a recession.

Segment 3: Phillip Shaw, CFP, Senior Advisor, Goldstone Financial Group, joins John to talk about President Trump’s meeting with Canadian Prime Minister Mark Carney, investors looking for more clarity on Trump’s economic plans, the general uncertainty about tariffs, if we may see more market volatility in the future, if he was surprised by the GDP decline, and what we are likely to hear from Fed Chair Jerome Powell when the Fed meeting concludes tomorrow.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Electric vehicle maker Rivian is expanding its footprint in Illinois. The company will add a supplier park to its factory in downstate Normal that could create 100 jobs. Its manufacturing facility already employs about 8,000 people. Rivian will invest about $120 million into the project. The State of Illinois says it’ll attract suppliers from around the world to invest in Illinois and could create even more jobs. The supplier park will cover nearly 1.2 million square feet. Rivian will bring in suppliers that make parts for its vehicles.

Also, the for-sale sign is up at Golf Mill Shopping Center in Niles. Listen for more below:

Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins John Williams to talk about what we should know about Trump’s proposed budget, why first-time home buyers are coming back, the surprisingly good jobs report on Friday, and President Trump’s plan to reopen Alcatraz.

Segment 2: Jim Dallke, Director of Communications, TechNexus Venture Collaborative, tells John about the amount of tech jobs in Chicago, a fast growing Chicago snack startup that makes meat sticks launching a new warehouse, a Chicago startup that uses augmented reality to help spine surgeons hitting a major milestone, and Chicago based Portal Innovations is expanding across the pond as it looks to support more biotech startups 

Segment 3: Michael Larson, Executive Vice President and General Manager, Schaumburg Boomers, tells John about all the great things the Boomers have planned for the upcoming season!

Segments 1 & 2: Jane Oates, Senior Policy Advisor and recent President at WorkingNation, joins John Williams to talk about the new April jobs report. Jane also touches on manufacturing and its future in America.

Segment 3: Reid Sawyer, Head of the Emerging Risk Group at Marsh McLennan, talks with John about risk management and how clients can price risk to make the best decisions possible. Reid also explains how risk is calculated for particular situations.

Segment 4: Kara Demirjian Huss, Senior Vice President at TCCI Manufacturing, chats with John about AI in the transportation industry and how it impacts manufacturing. Kara then details the effect that tariffs can have on manufacturing.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A Chicago-based snack company says consumers appear to be prioritizing essentials over cookies, crackers and other snacks. Mondelez International says it saw slower growth in the latest quarter and blames consumer worries about inflation and the economy. Mondelez is the owner of Oreo, Ritz and Cadbury brands. Organic revenue rose 3.1% in the first quarter, short of the 3.5% expected by Wall Street analysts. North America sales fell unexpectedly while other regions reported gains. Despite the revenue miss, Mondelez stock has been performing well with shares up 10% this year. 

Also, American Airlines says seven new flights will be added to its schedule this winter with O’Hare departures. Listen for more below:

Segment 1: Mark Hamrick, Washington Bureau Chief and Senior Economic Analyst for Bankrate.com, talks to John about the increase in continuing unemployment claims, how tariffs might impact the economy, his thoughts on the GDP decline, if the economy is at a tipping point, and if we are likely to a recession this year.

Segment 2: Matt Fiascone, president of Habitat, joins John to talk about housing supply and affordability, the typical project they work on, the mixed income housing they are working on right now, and the market rate for rent right now in Chicago.

Segment 3: Keenan Irish, VP of Government Relations & Member Engagement, Illinois Hotel & Lodging Association, joins John Williams to talk about the impact of tariffs and the economy on Illinois tourism.

Nationally syndicated financial columnist and author Terry Savage joins John Williams to talk about the next phase of tariffs, when we will truly feel the impact of tariffs, GDP declining in the first quarter, if we are headed to a recession, and what we should be doing with our money in uncertain times.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

United Airline’s Polaris lounge at O’Hare Airport has reopened after a refresh. Crain’s reports the 25,000-square-foot space has a new look and more space following an eight-month long renovation. The lounge serves international customers flying in business class and is separate from the other United lounge with serves MileagePlus customers. The new Polaris has 50% more space, the amount of dinner seating has tripled and there’s a second bar. Crate & Barrel handled the new decor, which includes leather chairs, wooden bookcases and dinnerware. The lounge also includes private phone rooms, relaxation rooms and private showers. 

Also, there’s a big change impacting the type of insurance accepted at Advocate Physician Partners, a doctors group at Advocate Health Care. Listen for more below: