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News from the business sector, including a market report.
Britain will have a seventh prime minister in a decade following yesterday's resignation by Sir Keir Starmer. Newly elected Makerfield MP Andy Burnham could be handed the keys to No.10 in less than a month time should no challenger step forward. SpaceX sheds almost half a trillion dollars of its market cap in Monday's session with further sell-offs seen among other tech mega-caps. South Korea's KOSPI triggers circuit breakers during the Asian session with Wall Street braced for more tech losses today. U.S. Vice President JD Vance hails peace talks with Iran in Switzerland as Washington waives sanctions on Iranian oil exports for 60 days. However, Tehran disputes claims it will be providing international nuclear inspectors access to its operations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The latest news from RNZ's business team.
News from the business sector, including a market report.
An early morning update from RNZ's business team.
Fed Chair Kevin Warsh has made some major changes to the reporting of the Central Bank and what that might mean. That story kicks us off this evening. This is the Business News Headlines for Monday the 22nd day of June, thanks for being with us. In other news, the former Fed Chair Alan Greenspan has died at the age of 100. Mexico has said it will start sending oil to Cuba. Here in Iowa booze and beer will flow at Iowa State football and basketball games…and why. In more boozy news…we're talking wine and attracting younger drinkers. We'll check the numbers in The Wall Street Report and Google to invest millions into an AI film studio. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
News from the business sector, including a market report.
Peace talks between the U.S. and Iran conclude in Switzerland for the time being with an agreement to reach a final deal within 60 days. The talks had been hampered by President Trump's renewed threats to strike Iran and Tehran's resealing of the Strait of Hormuz. Crude prices tumble following Iran's announcement it would be resuming oil and petrochemical exports. Asian equities bounce on the news, led by Japan's Nikkei index. Under-pressure UK Prime Minister Keir Starmer could announce his resignation as early as today with increasing numbers of Labour MPs calling for him to quit.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
The latest news from RNZ's business team.
News from the business sector, including a market report.
It's The Ranch It Up Radio Show! Join Jeff Tigger Erhardt, Rebecca Wanner AKA BEC and their crew as they hear the current state of the cattle business, from feeder calf sales, to heifer retention, to packer margins. Plus we have the latest news, market recaps and lots more of the cow stuff wrapped into this all-new episode of the Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel. Cattle Industry News JBS USA has announced plans to close two facilities as part of an effort to improve efficiency and focus on future growth. The company will shut down its beef production plant in Pennsylvania, and its value-added processing facility in Memphis, Tennessee. JBS says the move is part of a larger strategy to modernize operations, improve efficiency, and expand production of value-added food products. The company says production from the two facilities will be shifted to other JBS operations, and customers should not see any disruption in supply. The announcement comes after JBS invested in facilities in Texas, Georgia, and Iowa to expand prepared foods production, modernize plants, and improve efficiency. Earlier this year, the company also combined its beef and case-ready businesses to create a more streamlined operation. The JBS CEO says JBS continues to invest heavily in the United States and the future of food production, while making sure its operations remain competitive and efficient. The company says consumer demand for protein remains strong and believes these changes will help position JBS for long-term growth. Last fall, Tyson Foods permanently closed its beef processing facility in Lexington, Nebraska, eliminating approximately 3,200 jobs and removing nearly 5% of total U.S. beef slaughter capacity. More recently, labor disputes have emerged at several major processing facilities. Approximately 1,700 workers at Cargill's beef processing plant in Fort Morgan, Colorado, were locked out after contract negotiations between the company and union representatives failed to produce a ratified agreement. The Fort Morgan facility accounts for nearly 5% of total U.S. beef production. JBS also faced labor challenges earlier this year when nearly 4,000 workers at its Greeley, Colorado, beef plant participated in a strike before ultimately approving a new labor contract. REFERENCE: https://meatingplace.com/jbs-to-close-beef-plant-value-added-facility/?utm_source=omeda&utm_medium=email&utm_cid=1103020073&utm_campaign=MTGMCD260614015&utm_date=20260615-0300 https://www.northernag.net/jbs-announces-closure-of-beef-production-plant-and-value-added-facility/ New World Screwworm Update Here's the latest on New World Screwworm. As of Monday, June 15th, the total number of domestic cases is now at 12, 11 are considered active and 1 inactive with 0 active wildlife and feral cases. Counties in Texas include Sutton, an inactive case discovered in a sheep. Edwards county with cases discovered in cattle and goats. Tom Green County, a case in cattle. Zavala County, cases in cattle. Gillespie (guh-LES-pee) County, a case in goats. And La Salle County, cases in cattle. In New Mexico, Lea County had that case in a dog. Livestock and pet owners, wildlife game farms, producers, land users, remember to check stock often for open wounds and lethargic animals. Report anything unusual and head to screwworm.gov for the latest confirmation maps, current status, treatment and U.S. readiness plans. Agriculture Secretary Brooke Rollins says the USDA is closely monitoring the New World screwworm situation and what it could mean for the current ban on live cattle imports from Mexico. Speaking at a press conference in Texas, Rollins was asked whether the U.S. could reopen the border to Mexican cattle imports now that New World screwworm has been detected in Texas. Rollins responded that the issue is "not lost on me" and that USDA will continue to watch the data very closely. The comments come after USDA confirmed several New World screwworm cases in Texas, including cases found in cattle, sheep, goats and a dog. Federal officials say surveillance, quarantines, treatment efforts, and sterile fly releases are being used to contain and eliminate the pest. The U.S. suspended imports of live cattle, horses, and bison from Mexico in May of 2025 because of the northward spread of New World screwworm in Mexico. Before the border closure, the United States imported about 1.25 million head of cattle from Mexico each year, most of them feeder cattle headed to U.S. feedlots. Some livestock industry groups have questioned whether the ban remains effective, noting that screwworm can spread through wildlife, pets, and other animals—not just cattle. Producers and feedlot operators have also said the closure has tightened cattle supplies and increased costs. Rollins did not provide any timeline for reopening the border but said USDA will continue evaluating the situation. Meanwhile, USDA's eradication efforts include expanded trapping programs, movement controls, and the release of sterile flies from facilities in Texas, Mexico, and Panama. REFERENCE: https://meatingplace.com/rollins-signals-usda-reviewing-impacts-of-prolonged-mexico-cattle-closure/?utm_source=omeda&utm_medium=email&utm_cid=1103020073&utm_campaign=MTGMCD260612017&utm_date=20260613-0630 Chinese Trade & U.S. Beef Exports U.S. beef exports continued to slow in April, largely due to limited access to the Chinese market. Through the first four months of 2026, U.S. beef exports totaled just over 365,000 metric tons, down 11 percent from a year ago. Export value fell 7 percent to $3.13 billion, as tight cattle supplies and record-high global beef prices continue to impact trade. There is some positive news. Following a summit between President Trump and the Chinese President, China renewed export licenses for most U.S. beef plants in May. The U.S. beef industry had been largely shut out of China since March of 2025 during the early stages of the trade dispute. However, industry leaders say it remains unclear how quickly beef shipments to China will recover. Additional trade barriers still need to be resolved before exports can fully rebound. U.S. Meat Export Federation President Dan Halstrom says the renewed plant registrations are encouraging, but more obstacles must be addressed before U.S. beef regains its position in the Chinese market. Outside of China, demand for U.S. beef remains steady. Export volume to the rest of the world is roughly unchanged from a year ago, while export value is up 7 percent. Major buyers including South Korea, Japan, and Canada have purchased less U.S. beef this year. Mexico, however, continues to be a strong customer, with purchases holding steady and demand for variety meats increasing. Several markets are showing strong growth, including Taiwan, Vietnam, Indonesia, the Dominican Republic, the Bahamas, Peru, Colombia, and Guatemala. Halstrom says global demand for U.S. beef remains resilient despite high prices and limited supplies. He notes challenges remain, including weak foreign currencies and higher energy costs that are affecting consumer spending in many countries. This is Rebecca Wanner, AKA BEC with the latest news for the Ranch It Up Radio Show. When we return from the break, the current state of the cattle business, feeder cattle marketing and lots more. We'll be right back. REFERENCE: https://meatingplace.com/china-trade-impasse-still-weighed-on-us-beef-exports-in-april/?utm_source=omeda&utm_medium=email&utm_cid=1103020073&utm_campaign=MTGMCD26061401&utm_date=20260615-0300 Featured Experts in the Cattle Industry Jake Tiedeman - Baldridge - Tiedeman Angus https://www.btangus.com/ Follow On Facebook: @BaldridgePerformanceAngus Shaye Wanner – Host of Casual Cattle Conversation https://www.casualcattleconversations.com/ Follow on Facebook: @cattleconvos Contact Us with Questions or Concerns Have questions or feedback? Feel free to reach out via: Call/Text: 707-RANCH20 or 707-726-2420 Email: RanchItUpShow@gmail.com Follow us: Facebook/Instagram: @RanchItUpShow YouTube: Subscribe to Ranch It Up Channel: https://www.youtube.com/c/RanchItUp Catch all episodes of the Ranch It Up Podcast available on all major podcasting platforms. Discover the Heart of Rural America with Tigger & BEC Ranching, farming, and the Western lifestyle are at the heart of everything we do. Tigger & BEC bring you exclusive insights from the world of working ranches, cattle farming, and sustainable beef production. Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner (BEC) and their mission to promote the Western way of life at Tigger and BEC. https://tiggerandbec.com/ Industry References, Partners and Resources For additional information on industry trends, products, and services, check out these trusted resources: American Gelbvieh Association: https://gelbvieh.org/ EquineMarket.Com: https://www.equinemarket.com/ Imogene Ingredients: https://www.imogeneingredients.com/ Jorgensen Land & Cattle: https://jorgensenfarms.com/#/?ranchchannel=view LivestockMarket.Com: https://www.livestockmarket.com/ RanchChannel.Com: https://ranchchannel.com/ RFD-TV: https://www.rfdtv.com/ Rural Radio Network: https://www.ruralradio147.com/ Sire Buyer: https://www.sirebuyer.com/ Westway Feed Products: https://westwayfeed.com/ Wrangler: https://www.wrangler.com/
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
Andy Burnham wins the Makerfield by-election, returning him to Parliament and setting up a leadership challenge against U.K. Prime Minister Keir Starmer. In geopolitics, U.S.-Iran talks today are called off after U.S. Vice President JD Vance cancels his trip to Switzerland, as the administration hits back at criticism of the deal from both sides of the aisle. Meanwhile, OPEC welcomes an interim agreement between the U.S. and Iran, pushing back on forecasts of a supply glut following the conflict. Secretary General Haitham Al Ghais tells CNBC exclusively that OPEC still has the power to manage the market.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The latest news from RNZ's business team.
What is happening at HPE Discover?This week Technology Now is bobbing along at HPE Discover Las Vegas 2026 at the Venetian Resort Las Vegas, HPE's annual customer and partner event. We ask what's changed since last year in the tech industry, how is HPE responding to the ever increasing rate of evolution in the sector, and what should our businesses and organizations be on the look out for in the next 12 months. Antonio Neri, President and CEO of HPE joins the show to tell us more.This is Technology Now, a weekly show from Hewlett Packard Enterprise. Every week, hosts Michael Bird and Sam Jarrell look at a story that's been making headlines, take a look at the technology behind it, and explain why it matters to organizations. This episode is available in both audio and video formats.About Antonio Neri: https://www.hpe.com/uk/en/leadership-bios/antonio-neri.html
Gas prices have fallen and we'll share by how much. That story kicks us off this evening and it's great to be back in the studio after being on assignment for several days this week. In other news, the number of Americans filing for unemployment benefits fell a bit. Pizza Hut to be sold and why. In other food news some brands are celebrating the250th birthday of America with some tasty treats. We'll check the numbers in The Wall Street Report and Sam's Club rebrands itself and it's all about attracting younger shoppers. Let's go. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
The U.S. and Iran both sign their MOU for their peace framework. Crude prices tumble with hopes growing that the Strait of Hormuz will now re-open. President Trump warns the U.S. will reserve the right to retaliate should Tehran violate the deal. The Federal Reserve holds rates steady during Kevin Warsh's first decision as chairman of the central bank, but officials say hikes loom later in the year. Warsh said his key concern is to bring inflation back to its 2 per cent target. The CEOs of Anthropic, Google and DeepMind have led calls for a U.S.-led AI coalition for the sector. Tech executives and world leaders have convened at the G7 summit in Evian, France where French President Emmanuel Macron warned against nationalistic policies within the sector.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
News from the business sector.
An early morning update from RNZ's business team.
More details of the U.S.-Iran peace agreement framework have been revealed with reports of a $300bn investment fund for Tehran along with renewed export capacities. We are live at the G7 summit in Evian, France where President Trump has said the deal also guaranteed Iran would no longer possess nuclear armament capabilities. A.I. and security are also in focus at the G7 with various top tech executives due to attend amid the fallout from the White House's export control of Anthropic's latest model. We are also live at the Vivatech conference in Paris where A.I. access and strategic autonomy will dominate the agenda. In the U.S., the Fed awaits its first decision under new chairman Kevin Warsh with the future of forward guidance crucial to the central bank. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
The latest news from RNZ's business team.
An early morning update from RNZ's business team.
Sam Jones and Nadia Budihardjo discuss the Asian engagement feature in the recent Business News magazine. Plus: Inpex settles Ichthys strike; King backs BHP workers; and $1b Gingin battery plan approved.
JBS USA plans to close two facilities in Pennsylvania and Tennessee and a portion of another Tennessee site in a move expected to eliminate more than 2,000 jobs. According to a WARN Notice, the company will lay off 1,485 workers at its beef production facility near Philadelphia. ABC 24 Memphis reported that the closure of the value-added Empire Packing site in Tennessee will affect 208 jobs. Additionally, JBS-owned Pilgrim's Pride plans to close Chattanooga's harvesting operation and lay off 348 employees, as part of a $75 million expansion in Ellijay, Georgia.JBS said its nationwide network would absorb production from the Philadelphia and Memphis locations. Meanwhile, Pilgrim's said its changes will increase harvesting and portioning capacity in Georgia, enabling the facility to produce a broader mix of boneless chicken products. The company will continue to use Chattanooga's deboning infrastructure to support the expansion and added that the project would not impact the region's grower base.JBS USA said the closures represent a strategy focused on modernization, growth and long-term competitiveness. CEO Wesley Batista Filho [FEEL-oh] stated that the company is “investing where we are growing and making difficult adjustments where needed.”JBS Beef North America reported an adjusted operating income loss of $279.4 million in its Q1 2026 earnings report, compared to a $158.4 million loss a year ago. The segment said rising live cattle prices outpaced the change in cutout values due to limited cattle availability. It also cited continued restrictions on live cattle imports from Mexico.#JBS, #PilgrimsPride, #FoodManufacturing, #Manufacturing, #ManufacturingNews, #Layoffs, #FactoryClosure, #FoodIndustry, #MeatProcessing, #BeefIndustry, #PoultryIndustry, #SupplyChain, #Workforce, #IndustrialNews, #AmericanManufacturing, #Operations, #BusinessNews, #Production, #FactoryJobs, #IndustryNews
U.S. President Donald Trump arrives at the G7 summit in Evian, France, touting a win via the signing of a peace framework with Iran. The deal extends the ceasefire by 60 days and re-opens the Strait of Hormuz. Ukrainian President Volodomyr Zelenskyy is also at the summit and is due to meet leaders with EU membership discussions on the agenda. The BoJ lifts its benchmark interest rate to 1 per cent – its highest level in 30 years – seeking to normalise monetary policy and bring down inflation. Wall Street is in the green following news of the Middle East peace agreement. The Nasdaq surged 3 per cent on Monday while SpaceX shares clock a further 20 per cent in growth.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
The latest news from RNZ's business team.
The U.S. and Iran agree to a plan to end the war and reopen the Strait of Hormuz. Negotiations about Iran's nuclear capabilities will be discussed over the next 60 days. Crude prices fall back towards the $80-mark as President Trump declares ‘let the oil flow'. Asian equities move firmly into the green with European and U.S. futures also set to move higher. The U.S. moves to limit access to Anthropic's most advanced models, prompting the company to restrict access altogether. President Trump heads to the G7 summit in Evian urging France to abandon its tech tax or face a 100 per cent tariff on wine exports. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The latest news from RNZ's business team.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
SpaceX hit Wall Street today and Elon Musk becomes the world's first trillionaire. This is the Early Edition of the Business News Headlines for Friday the 12th day of June, thanks for being with us. In other news, the Prime Minister of Pakistan says the U.S. and Iran have agreed to an agreement to end the war. In a related story the people of Iran are said to be confused and disheartened. Yet another vehicle recall this time by Ford. And we have some Taylor Swift news for you today. Some good news? Gas prices are now below $4 a gallon in about half of the country. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
Global investors eagerly anticipate today's SpaceX IPO – the biggest in history – with the company raising $75bn ahead of listing. President Trump postpones strikes on Iran, saying a peace agreement could be signed as early as this weekend. Tehran has responded that a deal has not been finalised despite Trump's claims it has the Ayatollah's backing. Renewed talk of peace in the Gulf sparks a tech-driven market rally in Asia with the KOSPI moving into the green by more than 8 per cent. European equities are set to follow suit.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The latest news from RNZ's business team.
While we have heard it before it is worth waiting to see what happens. The President called off an attack on Iran and...the markets soared. This is the Business News Headlines for Thursday the 11th day of June, thanks for being with us. In other news, the World Bank offered up a gloomy forecast. Anthropic is donating some serious money to help non-profits to better use AI. Some rough news for home buyers to share with you. California Gavin Newsome wants to clean up a river and it's going to cost a ton. We'll check the numbers in The Wall Street Report and yet more inflation news as we'll take a look at the wholesale inflation numbers. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
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