Economics & Economy

A $720 pair of Nikes that will tie its own laces

Dec 2, 2016

On today's show, we'll talk about the November jobs report and how the Federal Reserve might react to it; Louisiana's goal of helping kids with financial literacy; and $720 self-tying sneakers. 

What’s next for Starbucks CEO Howard Schultz?

Dec 2, 2016
Lane Wallace

Shares in Starbucks were sharply down early Wednesday on the news that Starbucks CEO Howard Schultz is stepping aside as CEO. He’ll stay with the company to focus on the high-end coffee market, and COO Kevin Johnson will step into the chief executive role. Howard Schultz has spoken to our show a few times, including a recent conversation about the company’s media pursuits.

Emily Siner

The resort towns of Gatlinburg and Pigeon Forge, Tenn. are trying to come to terms with the loss of life and property from the wildfires that swept through the community this week. At least 11 people died and 700 buildings were destroyed.

But many people who lost their homes and businesses don’t even know it yet, because they’re still waiting to be allowed back into their neighborhoods.

Reema Khrais

Today, President Obama will meet with incoming United Nations chief Antonio Guterres. Guterres will step into the Secretary General role in January. That’s also when we’ll see a new administration in Washington. What could U.N.-U.S. relations look like under President Trump? 

Click the above audio player to hear the full story. 

2016 wage growth: good but not great

Dec 2, 2016
Adam Allington

The U.S. economy added 178,000 jobs in November, with the unemployment rate declining to 4.6 percent. 

Forecasts had predicted a net gain of around 180,000, jobs, a signal of steady hiring in the labor market.

Though average hourly earnings declined last month, wages have been trending up for some time. But there’s still room for improvement.