Updated at 8:15 a.m. ET

As the day dawned across the U.S. on Friday, a new economic reality dawned with it: The tariffs long threatened against billions of dollars in Chinese goods took effect just at midnight ET while many Americans were sleeping — but Beijing was ready immediately with a wake-up call of its own.

Cramped cabins, knocked knees, aggrieved elbows: all real problems for today's flyers. But the Federal Aviation Administration has said they aren't its problems — announcing Tuesday that it will not regulate airline seat size and legroom.

The decision came in the form of a letter responding to a lawsuit brought by the group Flyers Rights.

U.S. whiskey distillers are fretting over the steep new tariffs they're facing around the world. They're being punished as U.S. trading partners retaliate against the Trump administration's tariffs on steel and aluminum. Now, the distillers fear that a long boom in U.S. whiskey exports could be coming to an end.

Kentucky bourbon has experienced a huge revival over the past decade — thanks in large part to U.S. trade initiatives that have opened up global markets, says Eric Gregory of the Kentucky Distillers' Association.

A new nationwide index of small business job growth and wages by a Rochester company is showing the pace of those numbers slowing.

Paychex, the payroll processing and HR services company, along with the company IHS,  does a monthly index on the rate of both jobs added and wages at small businesses, and in June, both of those metrics moderated a bit.

Truck drivers can get a $5,000 signing bonus to drive for Walmart. Kroger grocery baggers can get tuition reimbursed. New-mother baristas at Starbucks now can get their full salary for up to six weeks of maternity leave. And traveling Goldman Sachs bankers can ship their breast milk home for free.

The former Xerox Tower building is now officially on the market.  The company's lease of that 30-story building ended on June 30th, and the remaining Xerox employees who had been working there have all been moved to the company's Webster campus.

On Monday, workers were removing the Xerox name and logo off that iconic building.  The 30-story building is the tallest in Rochester, and one of the tallest in New York State outside of New York City.

In the latest WXXI Business Report, Randy Gorbman explains how a big state grant will help launch a new cybersecurity institute at RIT. Plus, how will the recent Luminate NY competition benefit the Rochester economy? And we discuss how Constellation Brands officials are keeping an eye on the potential growth for cannabis-infused products.

In the waning days of the New York State Legislature's session, a bill meant to stop a trash incinerator from being built in the Finger Lakes sailed through the Senate and an Assembly committee with unanimous support. But when it reached the Assembly floor, it sat untouched as the session came to a close.

The economic tea leaves right now are getting hard to read. The latest measure of economic growth showed the economy expanded at a lackluster 2 percent rate in the first quarter.

Estimates for second-quarter growth are much higher, and that has the Trump administration claiming its policies are working. Still, despite that rosy forecast, more analysts are pointing to worrying signs that with the expansion at nearly nine years and counting, a recession could be looming.

Uber and Lyft have been in Rochester for a year now. And many low-income residents say they’ve found less expensive transportation opportunities and even employment through it.

“It helped me out a lot because it’s cheaper than a regular yellow cab, it’s more convenient with the app. Instead of calling someone or waiting for them to call you, the app tells you everything,” said Stephanie Vargas, a Rochester resident who said she used Uber and Lyft frequently before she purchased a car two weeks ago.

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U.S. Photonics Hub Coming To Rochester

What does this mean for the economy of the Rochester region?