Economy & Business

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Here's what financial advisers are saying about Brexit

Jun 27, 2016
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Marketplace staff

The global economic turmoil that followed last week's Brexit has promoted financial advisers to spring into action Monday. Advisers had already been on guard, but the huge market reaction to the surprise "remain" vote meant financial planners had to get emailing. We cleared out our own inboxes and complied their insights for you to peruse.

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Sam Beard

Friday's Brexit shock continues to reverberate at its epicenter – in the U.K. The country, which voted in a national referendum to leave the European Union, has been engulfed by an extraordinary financial and political crisis. The government is rudderless with the Prime Minister announcing that he will step down and even the leader of the opposition fighting for his political life.

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Kai Ryssdal

In the aftermath of Brexit, there is a whole lot of uncertainty, especially if you run a business based in the UK. Justin Fitzpatrick is the co-founder and COO of an American financial startup called DueDil, based in London.

After Brexit, some investors seek safe havens

Jun 27, 2016
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Tracey Samuelson

If you need further proof that the outlook is uncertain for the U.K. after last week’s vote, the rating agencies S&P and Fitch downgraded the country’s debt from its top triple-A rating. The British pound fell to a 31-year low against the dollar. The result has been what’s known as a flight to quality, investors seeking safe havens for their money.

What does Brexit have to do with cheese and whisky?

Jun 27, 2016
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Reema Khrais

The United Kingdom’s plans to leave the European Union raise several questions: the nation’s political future, its ability to hold together and the state of globalization – just to name a few.

Another concern? Specialty foods. Dozens of authentic English foods and beverages worth hundreds of millions in revenue are protected by the European Union.

Stilton cheese and Cornish pasties, for example, are among about 70 products protected by the EU based on their region.  

Marketplace for Monday, June 27, 2016

Jun 27, 2016
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Marketplace

Following up on Brexit with a look on how the U.K. leaving the EU may impact the American businesses, tech industry and global economy. 

Brexit and the tech industry: opportunity?

Jun 27, 2016
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Molly Wood

The American tech industry's relationship with the U.K. hasn't always been smooth—and that's an understatement. But for companies like Microsoft, Google, Amazon and Apple, a united EU is still better than a divided one, and the U.K. has been a friendly ally in times of need.

So, if Brexit is indeed upon us, what happens now?

Chipotle wants to reward frequent burrito eaters

Jun 27, 2016
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Gigi Douban

Chipotle is starting a new customer loyalty program on Friday, running through summer, in its effort to recover business after food-poisoning outbreaks that sickened hundreds of people. Revenue was down more than 20 percent in the first quarter this year, compared with a year ago, and restaurant sales were down almost 30 percent.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Last week's vote by the United Kingdom to leave the European Union is raising questions about London's role as a global financial center, which has helped send bank stocks down sharply for a second trading day in a row.

Shares of British banks such as Barclay's and Royal Bank of Scotland are down, but the carnage has spread throughout Europe and beyond, amid a series of earnings downgrades and profit warnings.

The European Union's grand experiment

Jun 27, 2016

On today's show, we'll talk about the shape of the world's markets following Thursday's Brexit vote; how uncertainty may start plaguing the U.K. auto industry; and the future of Europe. 

What are the true costs of Medicaid?

Jun 27, 2016
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D Gorenstein

New research raises questions about the cost of expanding Medicaid – the health care program for low-income and disabled Americans.

Some 19 states have yet to expand Medicaid under the Affordable Care Act – often thanks to concerns about the sticker price.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

With the recent "Brexit" vote causing turmoil in the world's markets, Britain's finance minister George Osborne is trying to calm U.K. citizens. 

His efforts to stop people from panicking contrast with his rhetoric prior to the referendum. Osborne warned that a vote for Brexit would lead to a cataclysm, causing him to introduce an emergency budget, hike taxes and make spending cuts. 

Click the above audio player to hear the full report. 

 

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

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