Sep 5, 2023

Why oil prices jumped today

Mario Tama/Getty Images

Saudi Arabia and Russia say they'll hold fast to their production cuts through the end of 2023. Plus, a big caveat to July's factory order figures.

Segments From this episode

Saudi Arabia and Russia say they'll keep oil production low through 2023

by Mitchell Hartman

Sep 5, 2023

It's an effort to keep prices high amid a potentially weakening demand picture.

Saudi Arabia extended its oil production cuts Tuesday. Above, workers at a Saudi oil processing plant.

Fayez Nureldine/AFP via Getty Images

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Why U.S. factory orders just dipped after four straight months of gains

by Meghan McCarty Carino

Sep 5, 2023

Order numbers are somewhat distorted by a volatile, expensive durable goods category: commercial airplanes.

"Boeing orders fell to only 52 planes in July," said Sam Stovall at CFRA Research. "That is what really dragged down the overall factory order."

Stephen Brashear/Getty Images

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More than 800,000 people are getting student loans forgiven

by Samantha Fields

Sep 5, 2023

It's part of a one-time fix by the Biden administration to the income-driven repayment program for federal student loans.

Last spring, the Biden administration announced a one-time fix to rectify what the education secretary called “years of administrative failures” with the income-driven repayment program.

Brandon Bell/Getty Images

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Consumers are finding ways to justify spending, even if it busts their budget

by Kai Ryssdal and Sofia Terenzio

Sep 5, 2023

The rebound from pandemic deprivation continues, says Adriana Samper of Arizona State, and the reasoning can get pretty creative.

Tolga Akmen/AFP via Getty Images

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Why chicken over beef? Food fads come and go with price, habits and ... TikTok

by Stephanie Hughes

Sep 5, 2023

Social media trends can inspire people to try out new ingredients. But it’s not like the food industry can immediately respond to every new protein craze.

Tyson Foods is closing some processing plants, in part because the company overestimated Americans’ appetite for chicken.

Anna Moneymaker/Getty Images

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A Warmer World

Citrus industry flowers in Georgia as winters get warmer

by Emily Jones

Sep 5, 2023

Citrus, a relatively new crop for the state, is taking root thanks to the combined forces of climate change, crop science and disease in Florida.

Jake Price, a scientist at the University of Georgia, walks among citrus trees he’s growing as part of an experiment to find varieties that can withstand cold weather.

Emily Jones/WABE/Grist

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Music from the episode

Ride With You Poolside, Ben Browning

City Slicker J-Walk

Forget Your Name spring gang, vVncent Vega

C.R.E.A.M. Wu-Tang Clan, Buddha Monk, Inspectah Deck, Method Man, Raekwon

Area Code 601 William Tyler & The Impossible Truth

Meet Me in the Woods Lord Huron

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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