Announcer this is nightly businessss report with Tyler Mathisen and sue herera. Climbing the food chain. Amazon buys whole foods to become a major player in the grocery business and a competitive threat to the entire industry. Charting a new course. President trump has a different vision for u. S. Relations with cuba than his predecessor. And big business is taking notice. Market monitor. As more money flows into etfs, our guest tonight has some picks you might want to consider. Those stories and more tonight on nightly Business Report for friday, june 16th. Good evening, everybody, welcome. Im sue herera. Tyler mathisen is off tonight. Amazon is on a mission to conquer new territory. Today it agreed to buy grocery chain whole foods. The price tag, more than 13. 5 billion. The deal is amazons biggest yet, and is an ambitious plan to push into a business thats been hard for online retailers to crack. If successful, it could give amazon a slice of the 800 billion grocery business. The ec
Eric chemi Glimcher Toby tobie stanger. Michael tanner Cato Institute dana farber. Facebook Ceo Mark Zuckerberg called for a radical change in his speech to harvards graduating class we should explore ideas like universal basic income to make sure everyone has a cushion to try out new ideas. Its an unconditional periodic cash payment that the government makes to everyone, whether youre unemployed or wealthy, a 1,000 monthly government check would replace all current welfare programs, including social security. Another supporter, elon musk, said theres a pretty good chance we end up with a universal basic income due to automation the cash could fund basic needs like food and housing while people find new jobs in the digital economy, but opponents warn the digital allowance could actually increase poverty. Could universal basic income or would it make people not want to work we have two views today, Michael Tanner and jason furman, Harvard Kennedy school professor, chief economist to pre
Cover story. Nearly half of all u. S. Jobs could be replaced by robots in the next ten to 20 years, but what happens to the workers thrown out of work . Facebook Ceo Mark Zuckerberg called for a radical change in his speech to harvards graduating class. We should explore ideas like universal basic income to make sure everyone has a cushion to try out new ideas. Its an unconditional periodic cash payment that the government makes to everyone, whether youre unemployed or wealthy, a 1,000 monthly government check would replace all current welfare programs, including social security. Another supporter, elon musk, said theres a pretty good chance we end up with a universal basic income due to automation. The cash could fund basic needs like food and housing while people find new jobs in the digital economy, but opponents warn the digital allowance could actually increase poverty. Could universal basic income or would it make people not want to work . We have two views today, Michael Tanner
Year. But keep in mind we are still about 20 lower than where we were one year ago. The question, of course, now is where do we go from here . Lets bring in our all star oil panel now. Lima croft of Rbc Capital Markets and john. Two things, number one, you called this nigeria thing back on january 27th. Yes. Congratulations. Thank you. Is the output cut thats happening in nigeria enough to sustain higher prices long term or just short term activity . One thing about nigeria is we had supply outages in the past and they lasted a long time. What i keep telling clients is if nigeria goes off line, its sticky. Theyre intent on shutting down production and they have the capacity to do. So its the biggest upside ris nkt oil market. Is there any other sector where you have a group called the avengers having an impact . This is what theyre calling themselves. Its really a men take two. There was a group that kidnapped oil workers, shut down facilities and parade them around on tv. They do thin
Wait until you see the beautiful picture we have of her. They all look great. Ur do is his name. Very cute. We will tell you on that coming up. Right now we will check in with scott taking a look at our weather. This is berkeley front airport cominggh in off of lake erie we are pretty thicke cloud cover late last night with clouds thinning out most locations from sandusky to westlake and massillon into the 60s and a at 65. The outlook now watch what happens as we look ahead with the high starting to push is cleaning out the cloud cover which is a good sign, will happen is noticed all this my southwest increasing the humidity with the cold front coming in from the northwest everything is pointing at thunderstormss sometime late tomorrow clouds than out and should be up to the mid 80s along mid 80s along with the and the eightm today once day once again. Good morning we are at the Construction Zone ofe clifton ad the lakeli you can see behind me very active Construction Zone. Very proudv