The daily business briefing: November 14, 2023
CBS becomes the first network to release post-strike TV schedule, The Wall Street Journal uncovers sexism allegations at the FDIC, and more
1. CBS unveils post-strike TV season plans
CBS on Monday announced February premiere dates for a shortened, three-and-a-half-month TV season following the resolution of writers and actors strikes. The schedule, the first glimpse of how the networks plan to rebound from the work stoppages, is scheduled to start after CBS's Feb. 11 Super Bowl telecast. The premiere of the new drama "Tracker" will get things started, followed by new episodes of popular shows like "Young Sheldon" during the week of Feb. 12. Most of the network's series, including the "NCIS" and "FBI" franchises, will start the same week. The announcement came five days after actors' union SAG-AFTRA ended its strike. The writers returned to work in late September. Variety, Deadline
2. Report: FDIC plagued by sexism
A toxic work environment where allegations of sexual harassment often went unpunished has led to the departure of numerous female employees from the Federal Deposit Insurance Corp., The Wall Street Journal reported Tuesday. Women who left the FDIC, one of the nation's top banking regulators, said they were given fewer opportunities than male counterparts due to sexism at the agency, the Journal reported, citing interviews with 20 women who quit and dozens of other current and former employees. "It was just an accepted part of the culture," said Lauren Lemmer, a former examiner-in-training who quit in 2013. An FDIC official said the agency investigates reports of harassment and takes appropriate action. The Wall Street Journal
3. Donald Trump Jr.: Dad's 'an artist with real estate'
Donald Trump Jr. returned to the witness stand in his father's civil fraud case in New York on Monday. In three hours of testimony, former President Donald Trump's eldest son heaped praise on his father's signature properties, describing Trump Tower in Manhattan as "genius" and Mar-a-Lago in Florida as "one of the few American castles." Trump Jr. described his father as a "visionary" and "an artist with real estate." His testimony came as the defense started its rebuttal of New York Attorney General Letitia James' $250 million lawsuit accusing the Trump Organization of fraudulently inflating the value of its properties to secure favorable loans. The New York Times
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
4. Stock futures flat ahead of inflation data
U.S. stock futures were little changed early Tuesday ahead of fresh inflation data. Futures tied to the Dow Jones Industrial Average were flat at 7 a.m. ET. S&P 500 and Nasdaq futures were up 0.1% and 0.2%, respectively. Economists surveyed by Dow Jones expected the October consumer price index, due to be released at 8:30 a.m. ET, to show a monthly increase of 0.1% and an annualized increase of 3.3%. The so-called core index, which excludes volatile food and energy prices, is expected to show a 4.1% annual increase. "A hot CPI report may call into question investors' belief the Fed is done hiking rates," Bill Merz, head of capital market research at U.S. Bank Asset Management, told CNBC. CNBC
5. Biden and Xi to talk trade at San Francisco summit
President Biden is scheduled to meet with Chinese President Xi Jinping on Wednesday to discuss trade, Taiwan and frayed U.S.-China relations. The leaders will meet on the sidelines of the looming Asia-Pacific Economic Cooperation summit in San Francisco. White House Press Secretary Karine Jean-Pierre said Biden and Xi would talk about the "continued importance of maintaining open lines of communication" between the world's two biggest economies so they "can continue to responsibly manage competition and work together where our interests align, particularly on transnational challenges that affect the international community." The Associated Press
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
Climate change is threatening Florida's Key deer
The Explainer Questions remain as to how much effort should be put into saving the animals
By Justin Klawans, The Week US Published
-
Daniel Lurie: San Francisco's moderate next mayor
In the Spotlight Lurie beat a fellow Democrat, incumbent Mayor London Breed, for the job
By Justin Klawans, The Week US Published
-
TV to watch in November, from 'Dune: Prophecy' and 'A Man on the Inside'
The Week Recommends A new comedy from 'The Good Place' creator, a prequel to 'Dune' and the conclusion of one of America's most popular shows
By Anya Jaremko-Greenwold, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
TD Bank accepts $3B fine over money laundering
Speed Read The US retail bank pleaded guilty to multiple criminal charges
By Peter Weber, The Week US Published
-
The pros and cons of globalization
Pros and Cons Globalization can promote economic prosperity but also be exploitative
By Justin Klawans, The Week US Published
-
The pros and cons of labor unions
Pros and Cons Joining a labor union can have positives — and negatives
By Justin Klawans, The Week US Published
-
The rise and fall of Tupperware
Under The Radar The byword for food storage has filed for bankruptcy – was it a victim of its own success?
By Chas Newkey-Burden, The Week UK Published
-
Boar's Head plant closure leaves another small town looking for answers
The Explainer The Jarratt, Virginia, Boar's Head plant has been shuttered indefinitely after a listeria outbreak
By Justin Klawans, The Week US Published
-
The rise of the world's first trillionaire
in depth When will it happen, and who will it be?
By Justin Klawans, The Week US Published