Aug 28, 2017

08/28/2017: St. Louis is shrinking its minimum wage

KAREN BLEIER/AFP/Getty Images

Hurricane Harvey has caused many refineries and port facilities in Texas to temporarily shut down. We'll chat with Energy Intelligence analyst Barbara Shook about the preparations they made prior to the event, and what's going to happen to the prices of crude oil and gasoline. Afterwards, we'll discuss news that Uber has chosen the head of Expedia, Dara Khosrowshahi, to be its new CEO, and then look at why St. Louis, Missouri is decreasing the city's minimum wage from $10 an hour to $7.70.

Segments From this episode

Study shows racial disparities in infant intensive care

by Dan Gorenstein

Aug 28, 2017

“Our research is not uncovering racial bias,” the lead author at Stanford says.

Mario Tama/Getty Images

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St. Louis’ minimum wage is dropping today

by Reema Khrais

Aug 28, 2017

Starting today, more than 30,000 workers in St. Louis could see their paychecks shrink. The city’s minimum wage is dropping from $10 an hour to $7.70. That’s because of a new state law that says cities can’t set a higher minimum wage than the state. Click the audio player above to hear the full story.

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Weather Economy

Budgeting for Hurricane Harvey relief could stop Trump's plans to shut down the government

by David Brancaccio and Janet Nguyen

Aug 28, 2017

The president has threatened to let government funding run out if he doesn't get money for a U.S.-Mexico border wall. But that could leave out funds for storm aid.

A motorist drives through heavy rain before the approaching Hurricane Harvey hits Corpus Christi, Texas, on Friday.

MARK RALSTON/AFP/Getty Images

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Mid-day Update

08/28/2017: The real cost of a natural disaster

by David Brancaccio

Aug 28, 2017

With Hurricane Harvey causing many refineries in Texas to temporarily shut down, we'll chat with Energy Intelligence analyst Barbara Shook about the effects this is having on crude oil and gasoline prices. Afterwards, we'll chat with University of South Carolina professor Robert Hartwig about why many people are left without flood insurance, and the difference between how much insured damage the industry has to pay out, and the overall economic cost of a natural disaster.

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Hurricane Harvey has caused many refineries and port facilities in Texas to temporarily shut down. We’ll chat with Energy Intelligence analyst Barbara Shook about the preparations they made prior to the event, and what’s going to happen to the prices of crude oil and gasoline. Afterwards, we’ll discuss news that Uber has chosen the head of Expedia, Dara Khosrowshahi, to be its new CEO, and then look at why St. Louis, Missouri is decreasing the city’s minimum wage from $10 an hour to $7.70.

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