Crain's Daily Gist
Summary: Get a head start on your workday with the stories that matter most. Listen to our roundup of essential Chicago headlines and analysis from Crain’s reporters and host Amy Guth. Presented by Wintrust.
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Podcasts:
Crain's reporter John Pletz talks with host Amy Guth about Crain’s 2023 list of Chicago’s Most Innovative Companies. Plus: Ford deal a "stunning victory" for union, Chicago renews shelter contract with Favorite Healthcare Staffing, California firm buys shopping centers near Midway Airport and United and Delta CEOs warn proposed legislation would doom airline loyalty programs.
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including the number of home sales here reaching its lowest point since 2012. Plus: Amazon injuries more widespread than thought, UIC study says; American Airlines will dial up at O'Hare; Morningstar reportedly settles SEC complaints over commercial loan data; and MacKenzie Scott breaks donation record at another Chicago nonprofit.
Crain’s contributor Jon Asplund talks with host Amy Guth about the youth mental health crisis in Chicago and beyond that has outgrown the abilities of psychiatrists and therapists to treat by themselves. Plus: Illinois Tool Works says UAW strike could shrink profits this year, Gov. J.B. Pritzker and California Gov. Gavin Newsom juice President Joe Biden's campaign fundraising efforts, big Mag Mile hotel hits the market and why Ulta Beauty is testing in-store sampling machines
Mayor Johnson and the city's largest police union reached a tentative contract deal. Crain’s politics reporter Justin Laurence and host Amy Guth discuss details of the deal and its potential impact on the city’s proposed $16.6 billion budget. Plus: Ford, GM earnings will give an early look at UAW strike's toll; U of C and U of I in the running for millions from feds for advanced tech research; Gibsons in Fulton Market is finally a go; and developer set to begin 72-story apartment tower on Chicago Spire site.
Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about the CTA's $2 billion budget for 2024 as it holds off on adding service. Plus: United expands focus to economy class; Ferrara Candy is buying Jelly Belly; Chicago wins Fitch upgrade on better economy, moderating debt; and just a fraction of craft cannabis growers operational in Illinois, despite dedicated fund.
Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news around the market, including how inventory of homes for sale has dropped the most in Chicago among big cities and how big brokerages may upend the century-old way we buy homes. Plus: United stock sinks as war and costs drive "bleak" profit outlook, former Deputy Mayor Samir Mayekar picked to lead Polsky Center at University of Chicago, judge tells prosecutors to give Outcome Health co-founder Rishi Shah $8.6 million back and Gov. Pritzker takes his abortion-right fight national.
Crain’s health care reporter Katherine Davis talks with host Amy Guth about Mayor Johnson's plans for the “Treatment Not Trauma” program. Plus: Johnson sending delegation to Texas border as city reups contract to scout sites for housing asylum seekers sent to Chicago, Walgreens pharmacy staff reportedly planning nationwide walkout, former mayor Lori Lightfoot joins board of national LGBTQ+ PAC and more than half of Water Tower Place mall could ditch retail.
Crain’s politics reporter Justin Laurence talks with host Amy Guth about Mayor Brandon Johnson’s newly released budget and the city’s plan to fill a $538 million budget gap. Plus: Survey indicates health system exec pay outpaces other hospital leadership roles, Gov. Pritzker releases 2022 tax information, WeWork makes interim CEO permanent to lead turnaround effort and advocates push for guns to be taken from alleged domestic abusers when an order of protection is served.
Crain’s health care reporter Katherine Davis talks with host Amy Guth about Walgreens' new CEO and $1 billion cost-cutting plan. Plus: Illinois a centerpiece in $1 billion hydrogen hub project, California preparing lawsuit to block merger of Mariano's and Jewel parent companies, Johnson budget raises concern over fate of LaSalle Street plan and professional cricket has come to the U.S., and Chicago is primed to host a team.
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including an index that suggests mortgage rates are worrying homebuyers more than prices. Plus: Mayor Johnson proposes $16.6 billion Chicago budget without major tax hikes; Walgreens names health care vet as next CEO; NASCAR, city still negotiating second street race deal; and newly open Guinness brewery in Fulton Market up for sale
Crain’s aviation reporter John Pletz talks with host Amy Guth about how international travel is leading O’Hare's pandemic recovery. Plus: Walgreens pharmacy staff walk off the job at some stores, fertilizer stocks jump with Israel conflict stoking supply concerns, nurses unions push for mandatory staff-to-patient ratios and Northwestern's Kellogg gets $25 million in memory of Sam Zell.
Crain’s politics reporter Justin Laurence talks with host Amy Guth about how tipped workers in Chicago will see their base wage increase over the next five years to match the city’s minimum wage. Plus: Report shows first month's haul for Bally's temporary Chicago casino; United, American and Delta cancel Israeli flights after war breaks out; Amgen completes Horizon takeover; and office shedding pushes downtown vacancy rate to another record high.
Crain’s reporter Brandon Dupré talks with host Amy Guth about how struggling Chicago theaters have made an 'unprecedented' request for more city funding. Plus: Ex-Northwestern coach Pat Fitzgerald files lawsuit against the university, denying hazing allegations; Cook County Health spending expected to rise next year; Rivian sinks after EV maker plans $1.5 billion in convertible debt; and new public-private partnership looks to spur Midwestern climate investment.
Crain’s manufacturing reporter John Pletz talks with host Amy Guth about the significance of the UAW strike hitting Ford’s plant on the South Side. Plus: Kellogg's split is official, with snack business Kellanova now based in Chicago; United raises its own bet by ordering more planes from Boeing and Airbus; Invenergy inks massive HQ expansion on Wacker Drive; and video slot machines spur gambling revenue windfall for Illinois.
Crain’s nonprofits reporter Brandon Dupré talks with host Amy Guth about how the Art Institute is once again under fire over the disputed ownership of an art piece. Plus: Wells Fargo plans major retail push in Chicago, investors say severe crash is coming for U.S. office properties, Oakbrook Center owner gets big windfall from new mortgage and Ald. Ray Lopez launches a congressional campaign against Chuy Garcia.