Sonari Glinton

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DAVID GREENE, HOST:

The airline industry is having a better than expected summer. Airline stocks have been on the rise and customer service is improving. These days, airlines are less likely to lose your luggage. They're also seeing the highest percent of on-time arrivals since the government started keeping track in the late 1980s.

NPR's Sonari Glinton reports the industry is getting some help from an unlikely source.

Hundreds gathered in Flint, Mich., Tuesday, to celebrate the return home of Olympian Claressa Shields. At 17, Shields became the first U.S. woman ever — and the only American this summer — to win a gold medal in boxing.

In a rare moment of joy, Flint greeted the high school student with a marching band and a motorcycle escort.

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This is WEEKEND EDITION from NPR News. I'm Scott Simon. Eight-point-two percent, that's the number economists and politicians are looking at closely. It is the unemployment rate for the month of June. The U.S. Labor Department reported that the economy added only 80,000 jobs last month. As the economy continues its very slow recovery, it's worth asking, is the jobs report always the best indicator? NPR's Sonari Glinton has more.

In the car business, Lincoln once stood as the pinnacle of luxury. Frank Sinatra drove a Lincoln. So did the Shah of Iran. In the U.S., the presidential limo was a Lincoln.

The brand peaked with the 1961 Lincoln Continental, a beautiful, innovative car that stood for style, individuality and sophistication.

But after the '60s, Lincoln started on a long, slow decline that mirrored the slide of the American auto industry.

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It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

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And I'm David Greene.

We'll begin this program with the aftermath of Tuesday's recall election in Wisconsin. Public sector unions took on Republican Governor Scott Walker, and the governor won. Walker became the first U.S. governor to beat back a recall attempt. The unions had spent a lot time, money and political capital in Wisconsin.

NPR's Sonari Glinton reports on what's next for organized labor.

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The Facebook IPO hasn't just sent a jolt of excitement through Silicon Valley, there are many average individual investors who are also thrilled. NPR's Sonari Glinton has more.

SONARI GLINTON, BYLINE: All right. It's a little after 9:30 on Friday. The bell just rang on the NASDAQ, and I'm gonna check in with some regular investors. I'm gonna start with Nelly Sai-Palm. She's a student at the University of Chicago's Booth School of Business, and I'm going to give her a call.

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After spending much of the year on the rise, gas prices are now falling. The average price for a gallon of regular gas nationwide is $3.73, according to AAA. That's a drop of nearly 20 cents in one month, and industry analysts expect the price to keep falling.

You can get in a lot trouble trying to predict commodity prices, though. Phil Flynn, a market analyst at futures brokerage PFGBEST in Chicago, says there is one thing you can predict.

President Obama is attending a fundraiser at the home of actor George Clooney in Studio City, Calif., on Thursday evening, along with about 150 guests. Almost anyone can attend, if they pony up $40,000.

But for a few sweepstakes winners, the price of admission is about $3. It's the latest innovation in political fundraising.

Marketing-wise, there's nothing more old school than a sweepstakes.

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And I'm Renee Montagne.

After all the reports about massive debts and credit downgrades, we have a story this morning of a credit upgrade. The ratings agency Fitch upgraded Ford.

INSKEEP: The company was at junk bond status, meaning a loan to Ford was considered a major gamble. Now, it's been moved to investment grade, the lowest investment rating: BBB minus.

A deadly fire and explosion at a German chemical plant has created big headaches for the global auto industry. The recent blast has resulted in a shortage of a chemical compound used in plastic fuel and brake lines. The chemical is hard to replace, and now automakers are scrambling to avoid major production disruptions.