Marketplace

Weekdays, 4:00PM - 4:30PM
  • Hosted by Kai Ryssdal

Marketplace, hosted by Kai Ryssdal, is the only national daily business news program originating from the West Coast. Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance. The 30-minute program has a reporting style that is lively and unexpected, focusing on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. Marketplace is a Peabody Award-winning program produced and distributed by American Public Media, in association with the University of Southern California.

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Podcasts

  • Sunday, March 26, 2017 11:24pm
    Companies that exist solely to buy patents and sue tech firms, known as patent trolls, will be affected by a Supreme Court decision today that could limit where they file suits. Currently, venue is key to how patent trolls win cases — for example, one third of such cases are argued in the eastern district of Texas where rules are favorable to plaintiffs. Plus, a test run of Amazon's outfit compare feature, which joins several apps trying to take the place of a friend who tells you what to wear while compiling your shopping data.
  • Sunday, March 26, 2017 10:00pm
    Iran responds to U.S. sanctions with their own, aimed at U.S. companies that do business with Israel. Marketplace's Marielle Segarra discusses which companies are involved and what it means for them. Then we turn to Nigeria, where pollution from an oil spill is still astonishingly high almost a decade after two Shell pipelines burst. Plus, how mobile solar-powered vehicle chargers are changing the landscape of the electric car industry.
  • Friday, March 24, 2017 9:13am
    Well then. Seven years and one day after the Affordable Care Act became law, after more than 50 votes to repeal and one tense, go-for-broke replacement attempt under President Donald Trump, Republicans backed off their health care plan. We'll leave the political post-mortems to others, and instead just focus on the economy and tax reform, which the GOP says is next on their agenda. Plus, we have a double-dose of Disney stories (one in the boardroom, another at the theater) and the thrilling conclusion of our NAFTA series.
  • Friday, March 24, 2017 3:19am
    Wells Fargo is going to start letting customers withdraw money from ATMs using their smartphones, no debit card required. We'll chat with the Tiffany Rad, the CEO and founder of the security firm Anatrope, about whether this method of transaction is actually safe. Afterwards, we'll play this week's Silicon Tally with Vanity Fair's Maya Kosoff, and then look at the Senate's decision to scrap various user privacy rules for Internet Service Providers. 
  • Friday, March 24, 2017 3:00am
    The Senate has voted to put a stop to rules from the Obama administration that would prevent internet providers like Comcast and Verizon from selling your browsing data. We'll look at how these regulations were supposed to protect your privacy. Next, we'll talk about Wells Fargo's decision to allow customers to withdraw money from ATMs using their phones, and then explore the federal government's difficult recruiting young tech workers.

Why markets worldwide are down following Congress's failure to repeal and replace Obamacare. Then, a new survey reveals that credit card holders are generally successful when they ask to negotiate rates and waive fees. And Sabri Ben-Achour interviews journalist Jason Koebler about why farmers are fighting John Deere policies by hacking their

NYC’s 'Fearless Girl' will keep standing on Wall Street

11 hours ago
Jana Kasperkevic

The faceoff between the Wall Street bull and the “Fearless Girl” will continue.

The 4-foot-tall, pony-tailed statue of a girl with arms akimbo was supposed to be removed on April 2, but New York city officials announced on Sunday that it was extending its stay through February of next year.

03/27/17: Tech startups versus patent trolls

15 hours ago
Marketplace

Companies that exist solely to buy patents and sue tech firms, known as patent trolls, will be affected by a Supreme Court decision today that could limit where they file suits. Currently, venue is key to how patent trolls win cases — for example, one third of such cases are argued in the eastern district of Texas where rules are favorable to plaintiffs. Plus, a test run of Amazon's outfit compare feature, which joins several apps trying to take the place of a friend who tells you what to wear while compiling your shopping data.

Marketplace

Iran responds to U.S. sanctions with their own, aimed at U.S. companies that do business with Israel. Marketplace's Marielle Segarra discusses which companies are involved and what it means for them. Then we turn to Nigeria, where pollution from an oil spill is still astonishingly high almost a decade after two Shell pipelines burst. Plus, how mobile solar-powered vehicle chargers are changing the landscape of the electric car industry.

Will the iPhone (RED) boost Apple's sales?

Mar 24, 2017
Jana Kasperkevic

Apple’s new iPhone 7 — a distinctly colored red iPhone — is on sale today. The newest iPhone is a collaboration between Apple and Bono’s (RED) Campaign, but while the phone is connected to a charitable cause, it may also mean a bump in sales.

Scott Tong

An insider says pollution from a Nigerian oil spill in a pipeline owned by Shell's parent company remains “astonishingly high” nearly a decade on.

In 2008, two Shell pipelines burst in a part of Nigeria known as the Bodo community. Local villagers asserted in court that the amount spilled equals that of the Exxon Valdez tanker disaster from 1989.

Even with approval, Keystone pipeline may not get built

Mar 24, 2017

The Trump administration has approved a construction permit on the long-delayed Keystone XL pipeline. Back when it was planned in 2010, oil was still trading at $100 a barrel and fracking had yet to fully ramp up. The project still serves as a symbol for both environmentalists and energy companies. But the overall impact of the pipeline may be less than originally thought, both in environmental terms and its demand from a market that is already flush with supply.

Click the audio player above to hear the full story.

Why hiring a new CEO can be really difficult

Mar 24, 2017

The world’s biggest entertainment company is taking a little more time to choose a new CEO. Disney announced it will extend the contract for CEO Robert Iger for another year, until 2019. This is the third time Disney has extended Iger’s contract. He was originally supposed to retire in 2015, but Disney keeps convincing him to stay on, this time with a $5 million bonus for the extra year. Disney isn’t the first company to have trouble putting a succession plan in place. Why is it so hard?

Click the audio player above to hear the full story.

What people get wrong when they talk about NAFTA

Mar 24, 2017
Kai Ryssdal and Daisy Palacios

This story is from our special series that explores NAFTA’s role in our economy from the perspective of workers, business owners and trade negotiators. What exactly is NAFTA? And what happens if it changes? Join us to discuss how one of the most hotly contested issues in our society shapes the way we live.

Why your robot restaurant might get sued

Mar 24, 2017

About half a dozen kiosks stand ready to take your order at Eatsa in midtown New York. With the help of technology, the fast-food startup basically eliminated the need for front-of-the-house staff. Hungry New Yorkers walk in, key in their order, pay and then pick up their order from one of the nearby cubicles. No human interaction necessary.

That is, unless you are blind.

What 'Frozen' had to do with the 'Beauty and the Beast' reboot

Mar 24, 2017
Kai Ryssdal and Bridget Bodnar

When Disney's live-action remake of "Beauty and the Beast" opened in theaters last weekend, it broke a bunch of box office records. That's pretty good news for Todd Lieberman and David Hoberman, the producers at Mandeville Films who made the film for Disney. Lieberman talked to Marketplace host Kai Ryssdal about the experience. Below is an edited transcript of their conversation.

There's been another sharp drop in the markets this week, following a delayed vote on the GOP's health care bill. FTN Financial's Chris Low joins us to explain why there's a connection between the two. Next, we'll talk about one indie music label's investment in vinyl records, and then look at the effect that interest rate hikes from the Fed will have on the automobile market. 

Senate votes to end Obama-era privacy rules

Mar 24, 2017

Most congressional headlines are focused on health care this week, but another bill is on the move that could kill off internet privacy protections.

The Senate voted Thursday to put a stop to Obama administration privacy rules that would prevent internet providers like Comcast and Verizon from selling consumer browsing information. The bill looks likely to pass the House and be signed into law by President Trump.

Starting next Monday, customers of Wells Fargo bank will be able to make ATM withdrawals nationwide without a card using a smartphone. The trend could spread quickly to other banks around the country as consumers grow more used to advanced banking technology.

Click the audio player above to hear the full story.

New York plans to boost broadband infrastructure

Mar 24, 2017

The New York is looking to bridge the digital divide by bringing broadband access to every household in the Empire State by the end of next year. It would be the first state in the country to pull that off. Many poor and rural areas lack broadband. 

Click the audio player above to hear the full story.

My Economy: Caring for seniors through art

Mar 23, 2017
Robert Garrova

For this latest installment of our series My Economy, we hear from Martha Rast, a therapeutic art teacher living in Tuscon, Arizona.

“My name is Martha Rast, and I teach therapeutic art lessons.

It’s way better than cool. It’s the best job in the world — I love it. Any kind of therapeutic experience, really, has to be human-to-human. Because the one thing machines cannot do yet, and I don’t think they ever really will, even if there’s AI, is really truly understand emotional intelligence.

Kai Ryssdal

Liza Mundy’s cover story in the current issue of The Atlantic, “Why Is Silicon Valley So Awful to Women,” draws on a long history of sexism in high tech and in Silicon Valley in particular.

The latest carrot that House leadership and the White House are using to win conservative Republican votes for the health care bill is repealing an Obamacare provision that standardized insurance policies. Under Obamacare, virtually all insurance policies cover things like hospitalization, mental health, prescription drugs and pregnancies – known as essential health benefits. But guaranteeing those benefits cost money, while doing away with them would drop the price of premiums.

Click the audio player above to hear the full story.

As farmworkers grow scarce, wages are on the rise

Mar 23, 2017
Kai Ryssdal

Tighter borders were supposed to mean more jobs for native-born Americans. That's the theory anyway, but California farmers aren't living in that world. Instead, they're competing for a workforce where nine out of 10 people are immigrants, and many are undocumented. While some farmers are raising wages well above the minimum to attract workers, many others can't afford to. Los Angeles Times economy writer Natalie Kitroeff visited several California farmers to see how they're coping with a smaller workforce. Host Kai Ryssdal spoke with Kitroeff about what she learned.

ICE union to Trump: Come drain our swamp

Mar 23, 2017
Jana Kasperkevic

President Donald Trump’s plans for immigration policy enforcement call on the U.S. Department of Homeland Security to hire thousands of new employees, but union reps are saying that’s not going to happen without some changes.

Union presidents representing Immigration and Customs Enforcement agents and Customs and Border Protection agents voiced their concerns Wednesday, citing an arduous hiring process and low morale as obstacles to Trump’s hiring directives, even as they lauded the president’s dedication to immigration enforcement.

03/23/17: When your government is a bank robber

Mar 23, 2017

Last week, 258,000 applied for unemployment benefits last week. While these numbers move around week to week, the latest figures indicate a large spike. Diane Swonk, the CEO of DS Economics, breaks down the causes of this increase, which include bad weather. Next, we'll talk about new research that looks at the connection between the mortality rate and job opportunities. And finally, we'll discuss North Korea's possible involvement in a mega bank heist at the New York Fed.

Mark Garrison

New research finds America’s education gap is increasingly a matter of life and death, and lack of job opportunity may be to blame.

A new Brookings Institution paper finds alarming midlife mortality increases for less-educated white Americans. It’s a topic with increasing relevance as policy questions swirl about how to create stable jobs that support families as well as presidential election results that reveal a swath of America deeply frustrated with their economic state.

In spite of a whole lot of predictions to the contrary, the movie industry is hanging in, even as competition for our attention grows. According to a new report from the Motion Picture Association of America, ticket sales in the U.S. and Canada were flat compared to last year. One bright spot – it turns out the movie industry is attracting a more diverse audience.

Click the audio player above to hear the full story.

Trump set to reshape the Wall Street regulation?

Mar 23, 2017

The Senate Banking Committee is scheduled to hold a confirmation hearing Thursday on Jay Clayton, President Donald Trump’s choice to head the Securities and Exchange Commission. Clayton does not have a track record in Washington, and that makes it difficult to know if he shares Trump’s distaste for government regulation. But we can tell something from his past experience in the private sector.

Click the audio player above to hear the full story.

Hospitals worry as Obamacare repeal vote approaches

Mar 22, 2017
D Gorenstein

A heavyset man sits on a gurney pushed to the side of a hallway in the emergency room at Jefferson Health in Philadelphia. It’s not even 9 a.m, and already beds are filling up.

CEO Dr. Stephen Klasko guides me to a fancy-looking IV pump. It can replace nearly half of someone’s blood after they got shot, stabbed or hurt in a car accident.

“In the old days, we would lose patients because we weren’t able to get that volume in quickly enough,” he said. “The difference between three minutes or seven minutes could be life and death.”

California’s had one of the wettest winters on record — more than twice as much rain and snow as in an average year. That's especially wild since we're six years into a historic drought. But California doesn't have enough dams, reservoirs or other storage. So instead of using it, all that precipitation just joins the Pacific Ocean.

Click the audio player above to hear the full story.

Did NAFTA cost or create jobs? Both

Mar 22, 2017
Sabri Ben-Achour

This story is from our special series that explores NAFTA’s role in our economy from the perspective of workers, business owners and trade negotiators. What exactly is NAFTA? And what happens if it changes?  Join us to discuss how one of the most hotly contested issues in our society shapes the way we live.

What did the North American Free Trade Agreement do?

More trouble for iconic retailer Sears

Mar 22, 2017

In a financial filing on Tuesday, Sears said "substantial doubt exists related to the company's ability to continue as a going concern." The announcement hit the company's shares hard. Sears reported a loss of more than $2 billion in 2016. What does this disclosure mean for the retailer and is there any hope of a turnaround? 

Click the audio player above to hear the full story.

Key stock indicators are down again this morning. The possible cause this time? Washington politics. Susan Schmidt from Westwood Holdings Group explains why uncertainty over the House GOP's health care bill could be affecting the stock market's movement. We'll also look at why there may be a decline in existing home sales for February, and then explore the rise of virtual reality exhibits at museums. 

 

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