Jun 12, 2017

06/12/2017: The aftermath of the Pulse nightclub shooting

BRENDAN SMIALOWSKI/AFP/Getty Images

The Trump administration could rein in the Consumer Financial Protection Bureau, a watchdog agency that critics say has too much power. We'll talk about the exact restrictions the White House might place on the bureau, and why the president's team takes issue with it. Afterwards, we'll look at how sanctions imposed on Qatar by five Middle Eastern countries has been affecting it economically. Plus: On the one-year anniversary of the Pulse nightclub shooting, we'll discuss how businesses in the area have been faring.

Segments From this episode

Some businesses bounce back, others struggle, a year after Pulse nightclub shooting

by Marketplace Contributor

Jun 12, 2017

The Pulse nightclub hasn't reopened, and is now a makeshift memorial.

People stop by the memorial outside of Pulse nightclub to pay tribute to the 49 victims from last year's shooting.

Matt Petrillo

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Los Angeles grapples with rising homeless population

by Marketplace Contributor

Jun 12, 2017

The annual count rose 23 percent. Expectations are growing for two major funding efforts recently approved by L.A. voters.

Va Lecia Adams Kellum is president and CEO of St. Joseph Center. The nonprofit serves low-income and homeless people in Los Angeles.

Libby Denkmann

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Saudi allies ramp up sanctions on Qatar

by Marielle Segarra

Jun 12, 2017

Qatar is promising not to surrender in the face of sanctions imposed on it last week. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain halted land, air and sea traffic to Qatar and blacklisted several Qatari-linked organizations and individuals. They accuse the small oil-rich nation of supporting the Muslim Brotherhood and other groups they […]

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Credit card companies are easing lending standards

by Adam Allington

Jun 12, 2017

Credit card defaults are rising as lending standards have started to fall from the early post-recession days — that’s according to a new report by the credit rating agency Moody’s. The report shows even with unemployment at low levels, those charge-offs have increased significantly for some U.S. lenders, exceeding expectations of a modest rise. […]

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Mid-day Update

06/12/2017: General Electric's long-standing CEO to step down

by David Brancaccio

Jun 12, 2017

The CEO of General Electric, Jeffrey Immelt, is stepping down after 16 years. On today's show, we'll give a brief recap of the big changes he made at GE during his tenure. Next, we'll talk about the Fed's plans for interest rate hikes for the rest of the year. Then, we'll examine pushback against proposed housing for the homeless in some Los Angeles County neighborhoods.

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The Trump administration could rein in the Consumer Financial Protection Bureau, a watchdog agency that critics say has too much power. We’ll talk about the exact restrictions the White House might place on the bureau, and why the president’s team takes issue with it. Afterwards, we’ll look at how sanctions imposed on Qatar by five Middle Eastern countries has been affecting it economically. Plus: On the one-year anniversary of the Pulse nightclub shooting, we’ll discuss how businesses in the area have been faring.