Future now becky quick. We begin with a summer job for many of us it was working as a lifeguard, poeing lawns or maybe scooping ice cream a parttime summer gig was the first introduction to the workforce, but as kate rogers found, businesses these days have a tough time finding teens hungry for a paycheck. Still hiring is this weeks cover story. Reporter janai hill is kicking off her first summer working in new jersey. The 16year old is making 10. 50, 0. 50 above the minimum wage, serving up cold drinks and fries to customers on the boardwalk. When im not in school over the summer i like to keep myself busy. Reporter hill may enjoy working but the share of teens working or seeking work in june, july and august has been stagnant in recent year. Participation rate in last summer it was 40 , ten years ago it was 50 and in the late 1990s, 60 at the same time, the number of teens enrolled in summer courses has gone up significantly. In 1985, just 10 of teens took courses in july. Last year,
Money, your money, your life, your future. Now becky quick. We begin with space travel. The weekendmarks 50 years sinc man walked on the moon now half a century later theres a push to explore the final prfrontier there is a lot of private enterprise working on the race to space. 50 years ago the eagle has landed. The first humans stepped foot on the moon the apollo 11 mission, cinched americas dominance in Space Companies like spacex using rockets to go into orbit now has come the time for us to make the next giant leap and return american astronauts to the moon. Nasas new program is artemis. It would send americans back in five years, a fete that can only be achieved with the private sector were in an entrepreneurial space race. Weve gone to 476 companies today, theyve raised 22 billion of equity capital. One startup, astro bottic. Its a railroad to the moon. It builds robotic landers, it has almost 100 million in contracts, including nasa. We offer nasa an opportunity to fly payloads
Stock market were just enough for the threeajor averages to eke out another record close. Lately investors have been optimistic that Federal Reserve will cut Interest Rates later this month. But in the meantime caution i setting in ahead of earnings season when Corporate America will say how slowing Global Growth and trade uncertainties are impactingbusiness. Today the dow rose just 27 points. Were at 27,359. The nasdaq was up 14. The s p gained a fraction. All of it enough for records. Now, one of the biggest risks to the stock market may come from washington. If the debt ceiling is breached. As you know, the debt ceiling refers to a cap on the total amount of debt that the u. S. Can accumulate. Only congress can raise that ceiling to prevent a default. And once again its tim for lawmakers to act on it. But as ylan mui reports now, a lot has tonet done very little time. Treasury secretary Steven Mnuchin sai congress are getting closer to a deal to raise the nations borrowing limit. Mn
Gets a look at the spaceship we begin with flipping burgers. More and more americans are flipping from ground beef to plantbased alternatives that mimic the taste and texture of beef Companies Like beyond meat are cashing in on the trend, but are they really more healthy for you . Our jane lynch takes a bite in this cover story reporter is it real . No perhaps its appropriate in the land of fake, lala land, they are meeting the fake meat beyond charge they have the best ipo in the world. Meat alternatives are showing up in more fast food chains and Grocery Stores but they are improving so much on a product and scaling, its not clear when it will be profitable our current house awareness is 2 . Weve got a lot of customers to go out there and talk to reporter would you ever try the meat substitutes no, ive never tried it i never have, but id like to try one sometime reporter even so, during this summer grilling season, demand for Meat Alternatives is heating up demand for foods is going
Your future. Now, becky quick we begin with the booming business of cannabis but with those potential riches come this is reality theres a much bigger boom in the black market of weed that is crippling legal sales. Whats going on inside dispen dispensa dispensaries melissa lee as our lead story investigation, weed killers. Reporter its a weekday afternoon in los angeles the epicenter of cannabis in the united states. This busy dispensary is open for business hi. Reporter but if everything looks normal, it isnt this is, in fact, an unlicensed, illegal dispensary part of the booming black market in california and around the country. Its what the cannabis industry says could be the biggest threat to sky high expected revenues. The Legal Cannabis market in air very short period of time is going to grow from 0 to somewhere in the neighborhoo of 50 to 75 billion. Reporter that optimism faces this reality an estimated 70 billion in illegal marijuana sales nationally seven times the legal mark