Mid-day Update

The CEO of General Electric, Jeffrey Immelt, is stepping down after 16 years. On today's show, we'll give a brief recap of the big changes he made at GE during his tenure. Next, we'll talk about the Fed's plans for interest rate hikes for the rest of the year. Then, we'll examine pushback against proposed housing for the homeless in some Los Angeles County neighborhoods.

Theresa May's call for a snap election in the U.K. has not gone as planned. Britain's ruling Conservative party no longer has a majority in Parliament, so now members will have to seek political partners to get work done. We'll chat with the BBC's Kevin Connolly about what this means for Brexit negotiations. Afterwards, we'll look at how public-private partnerships would work under Trump's plan for new infrastructure.

There's an economy-wide cost of not knowing where federal policies are going. Economist Diane Swonk joins us to discuss how uncertainty about Washington has translated into real-world consequences, like a slow down in hiring within the health sector. Afterwards, we'll chat with Marketplace's Molly Wood about how company founders can influence an entire business's workplace culture, and what startups are trying to do to make the office environment a positive one.

We now live in a strange, strange world. Stocks, bonds, gold and bitcoin aren't supposed to all go up at the same time, yet here we are. Susan Schmidt from Westwood Holdings Group stopped by to explain what's going on. Afterwards, we'll take a look at South Africa's economic woes, and then discuss Mexico's decision to re-examine its trade relationship with the U.S. over natural gas.

This morning's market recap: Stocks have opened lower, while benchmark bonds have gone up. Julia Coronado from Macropolicy Perspectives explains some key events coming up that could affect the market even further, including James Comey's testimony and the British elections. Afterwards, we'll examine the struggles that Puerto Rico's public school system is facing, and then look at one Philadelphia program that's using hip-hop to teach students how to start a business.

Did ABC News get it wrong when it called one meat processor's products "pink slime"? Beef Products Inc. has filed a defamation lawsuit against the media organization, which goes to trial in South Dakota starting today. We'll discuss what's at stake and why the location of the trial could have an effect on the outcome. Afterwards, we'll look at one Navajo Nation high school's push to train kids in coding.

The economy created just 138,000 jobs in May, a figure short of expectations. Are things really as weak as they seem? Christopher Low, chief economist at FTN Financial, joined us to talk about job losses in various industries and how the Fed might interpret things. Afterwards, we'll chat with Andrew Light — a former senior climate policy negotiator for the U.S. State Department — about President Trump's decision to withdraw from the Paris Climate Agreement. Plus: a look at what percentage of U.S. electricity is comprised of renewable sources like wind and solar.

Private-sector payrolls show strong job creation for the month of May, with 253,000 new jobs. Diane Swonk, the CEO of DS Economics, joined us to talk about the country's employment prospects, which seem to be favorable for college grads at the moment. Next, we'll take a step back and examine what *high school grads* are looking for in terms of career path. A new survey from the Boy Scouts of America finds that only 3 percent are interested in skilled trades. Plus: A look at how the Atlanta Braves are banking on a new stadium and development, which will cost taxpayers $400 million.

It's California vs. Trump when it comes to fuel efficiency standards. The president has called for a review of them, but the state wants to stick to the tough requirements it has. On today's show, we'll talk about what this conflict means for U.S. auto companies. Afterwards, we'll discuss what a series of upcoming elections in the U.K., Germany and possibly Italy mean for the financial markets. Plus: A look at how opponents of Venezuela's government are putting pressure on Wall Street to stop giving the regime financial support.

With consumers having spent briskly in April, forecasts about the economy are full of the word "rebound." But should we be that optimistic? Julia Coronado, founder of MacroPolicy Perspectives, stopped by to chat with us about underlying economic trends and what low inflation means for interest rates. Afterwards, we'll examine the White House's plan to roll back an Obama-era health care law that requires many religious employers to provide birth control in its plans. And finally, we'll talk wit one committed Houston principal who's leading a $10 million endeavor to make learning more hands-on.