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

  • Wednesday, April 25, 2018 9:10am
    Golf is hundreds of years old, and even today, it’s known more for its traditions than memes. And that makes for a tricky proposition for Jay Monahan, the newish PGA Tour commissioner. “Five years ago, when you came to a PGA tournament, we didn’t let you bring your cellphone on site," he said. Monahan talks with us about bringing social media onto the green, competing against other sports like football and what it’s like when your biggest stars are essentially freelancers.   Subscribe to the Corner Office podcast on Apple Podcasts.
  • Wednesday, April 25, 2018 8:49am
    (Markets Edition) The 10-year Treasury yield remains above 3 percent, which some are blaming for our market decline. We'll talk with Susan Schmidt, senior portfolio manager at Westwood Holdings Group, about why this narrative might be wrong. Afterwards, we'll look at the connection between high gas prices and SUV/pick-up truck sales, and then we'll visit Midland, Texas, to find out why the region — one of the richest in the nation — has schools that consistently rank among the poorest in Texas. 
  • Wednesday, April 25, 2018 4:48am
    (U.S. Edition) As the U.S. increasingly looks to Europe as a model for how to regulate internet companies, we'll look at how Europe is cracking down on one popular communication tool. There's word Whatsapp, which allows you to text and make voice and video calls using encrypted Wi-Fi, will cut off kids under 16. Afterwards, we'll talk to Zanny Minton Beddoes — editor in chief of The Economist — about how she thinks liberalism should adapt to the needs of the 21st century.    
  • Wednesday, April 25, 2018 4:26am
    (Global Edition) From the BBC World Service … The fifth time might just be a charm for Japanese drug maker Takeda in its bid to buy Shire. What’s the Irish company’s big allure, and how much is Takeda willing to pay? Then, the yield on the 10-year U.S. Treasury note is at 3 percent for the first time in four years. How does it impact you, and why does that level matter? Afterwards, today marks three years since Nepal was hit with a series of deadly earthquakes. We’ll take you to Kathmandu where one architect thinks he has the answer for making more indestructible buildings. 
  • Wednesday, April 25, 2018 3:30am
    Political campaigns want your data. At least that’s what the Facebook and Cambridge Analytica scandal taught us. But data isn’t just a factor in presidential politics. Local campaigns collect lots of data as well, and that data needs to be secured. Marketpalce Tech host Molly Wood spoke with Marketplace’s Kimberly Adams about what kinds of information smaller campaigns have. 

(Markets Edition) The 10-year Treasury yield remains above 3 percent, which some are blaming for our market decline. We'll talk with Susan Schmidt, senior portfolio manager at Westwood Holdings Group, about why this narrative might be wrong. Afterwards, we'll look at the connection between high gas prices and SUV/pick-up truck sales, and then we'll visit Midland, Texas, to find out why the region — one of the richest in the nation — has schools that consistently rank among the poorest in Texas. 

U.S. automakers could be headed down a rocky road

5 hours ago

For years, low gas prices fueled sales of SUVs and pickup trucks, and low interest rates made it easier for car buyers to trade up every time some shiny new technology came along. But with gas prices and interest rates rising, and tariffs on imported aluminum and steel driving up costs, automakers are facing an uncertain future.

Click the audio player above to hear the full story. 

(U.S. Edition) As the U.S. increasingly looks to Europe as a model for how to regulate internet companies, we'll look at how Europe is cracking down on one popular communication tool. There's word Whatsapp, which allows you to text and make voice and video calls using encrypted Wi-Fi, will cut off kids under 16. Afterwards, we'll talk to Zanny Minton Beddoes — editor in chief of The Economist — about how she thinks liberalism should adapt to the needs of the 21st century.

 

 

Found Furnishings is a second-hand furniture store in what locals call “old Midland.”

Kristen Covington, the owner, grew up in the area and went to public schools in the Midland Independent School District. She and her husband have kids age 2 and 5, and education weighs on her mind a lot. 

When you’ve got a little extra money to work with — or a lot — what do you do with it? Maybe you stuff it under the mattress. Maybe you try to invest it and put it to work. Or maybe you spend it on yourself and some important people in your life. That last option is what many American companies seem to be doing with their cash hoards these days:returning it to investors via stock buybacks and dividends. What else could that money be doing?

Click the audio player above to hear the full story. 

EU is unhappy with U.S. steel and aluminum tariffs

20 hours ago

When the United States imposed tariffs on steel and aluminum imports last month, the European Union and a handful of other key allies got a temporarily exemption that expires next week. China was not granted an exemption and took its case to the World Trade Organization. This week, the EU has decided to join that complaint, as have Russia, India and others.

Click the audio player above to hear the full story. 

Advertisers are not leaving Facebook any time soon

20 hours ago

Ads and consumer data are Facebook's financial lifeblood. Yet, after all of the recent controversies  and #deletefacebook campaigns, are advertisers concerned that users will abandon the platform for greener — and more reputable — pastures?

People who live in crowded urban areas often complain about car traffic and wring their hands over how much it costs in lost productivity. But congestion itself is also a sign of thriving economic activity. Perhaps no city complains as bitterly about traffic as the so-called car capital, Los Angeles. However, there was a time not so long ago when residents used to boast you could get anywhere in the city in 20 minutes.

“I heard it and I trusted it at least in the first decade of driving that I did,” said Michael Alexander, who grew up in LA.

Midland, Texas, is booming as oil prices rise

23 hours ago

A hundred-foot oil rig pushes up amid acres of irrigated cotton fields and long dirt roads on this oil patch between Midland and Odessa, the two main towns in the Permian Basin in West Texas. Both have about 150,000 people. Tommy Taylor, director of oil and gas development at Fasken Oil and Ranch, seems to know most of them. 

Taylor has worked at Fasken for 33 years. He jokes that the oil business isn’t just on his resume, it’s in his blood. 

04/24/2018: How'd interest rates get this high?

Apr 24, 2018

(Markets Edition) A key benchmark for interest rates in America — the government's 10-year Treasury note — just crossed above 3 percent since the first time since 2013. We'll talk with economist Julia Coronado about some of the causes for this increase. Afterwards, we'll look at the disparities between the rich and poor in oil-rich Midland, Texas — an area where the median household income  is $70,000. Plus: A look at the quarterly earnings report of Google's parent company, Alphabet.

Torrance Neal cleans rooms at the Doubletree hotel in downtown Midland, Texas, but he considers it a side gig.

“This is my part-time job," Neal explained while on a break in the hotel lobby. "My night job is more my full-time job because I’m the operations manager for a cleaning company." 

Steel may be on the menu at the state dinner

Apr 24, 2018

French President Emmanuel Macron is pushing for a permanent exemption from tariffs for the European Union.  Today will be the second day of Macron’s three-day state visit, and the biggest event will be the first state dinner since President Donald Trump took office 15 months ago. But it won’t be all glitz and glam. Macron is here to make a deal that will keep Trump from starting a potential trade war with Europe.

Click the audio player above to hear the full story. 

04/24/2018: Globalism is facing a global backlash

Apr 24, 2018

(U.S. Edition) As French President Emmanuel Macron prepares to meet with President Trump at the White House today, we'll discuss what's on the agenda. A major item you can expect: steel and aluminium tariffs. Afterwards, we'll look at how smaller banks are restructuring to get away from tougher Federal Reserve regulation, and then we'll talk with political scientist Ian Bremmer — founder of the political risk consultancy The Eurasia Group — about why he thinks globalism has failed. 

(Global Edition) From the BBC World Service … Iran’s president today warned of “severe consequences” if President Trump pulls America out of the nuclear deal Iran signed with global leaders in 2015. Can French President Emmanuel Macron talk the American leader into staying in the pact during his state visit? Then, a report from McKinsey says Asian countries could add $4.5 trillion to their collective annual GDP by getting more women in the workplace.

Is globalism a failed policy?

Apr 24, 2018

In the last few years, protectionist-driven political campaigns and policies have gained popularity in countries like the United States, Britain and France. Globalism, on the other hand, has more detractors than supporters these days. Does this mean that globalism has failed the world's citizens, and if so, how? 

Despite documented risks to people and wildlife, a controversial pesticide has escaped regulation under the Environmental Protection Agency under the Trump administration and now may receive additional protections from Congress.

The history of the song "Louie Louie"

Apr 23, 2018

Back in the 1960s, the FBI starts hearing about a song with filthy lyrics. Lyrics so dirty that they launched an 18-month investigation to prove how obscene that song really is.

Three nights and days I sailed the sea

Me think of girl constantly 

On the ship, I dream she there

I smell the rose in her hair 

Louie Louie, oh no, me gotta go, yeah, yeah, yeah, yeah, yeah, baby 

04/23/2018: The cost of money

Apr 23, 2018

We begin today with a number, a relatively simple number that brings with it meaning for everybody in this economy who has debt: 3 percent. That's the interest rate that the government's 10-year Treasury note is getting really close to, for the first time since January 2014. In isolation, it's not a huge deal, but in the context of the low-rate environment, it's really something. We'll start today by explaining all the hype.

(Markets Edition) The fiduciary rule — which says investment advisers and stockbrokers have to act in the best interest of their clients — is going away. We'll look at the standards that were previously in place, and what the Securities and Exchange Commission is pushing for now. Afterwards, we'll talk about one personal finance expert's decision to sue Facebook after he saw his image used in ads for get-rich-quick schemes. 

Net neutrality rollback begins

Apr 23, 2018

Businesses, states, Democratic senators are mounting challenges to the FCC repeal of internet protections.

Click the audio player above to hear the full story. 

Forecast is sunny for business

Apr 23, 2018

The National Association for Business Economics quarterly survey of corporate economists finds U.S. businesses are very upbeat about growth for the rest of this year. But those strong hiring plans and expectations of rising sales and profits are set against the realities of a rapidly tightening labor market. It’s just increasingly difficult for businesses to attract and retain the workers they need.

Meanwhile, recent tax legislation backed by the Trump administration and congressional Republicans appears to be having little impact on corporate decision-making.

04/23/2018: The history of the song "Louie Louie"

Apr 23, 2018

(U.S. Edition) In the coming days, the Supreme Court will feature arguments in some interesting cases. Today, we'll look at Lucia vs. the Securities and Exchange Commission, which focuses on whether judges within the SEC should be political appointees. Afterwards, we'll discuss what net neutrality advocates are still doing to challenge the Federal Communication Commission's repeal of the law. Plus: A conversation with reporter David Weinberg about the backstory of the famous song "Louie Louie."

04/23/2018: Where national divides run deepest

Apr 23, 2018

(Global Edition) From the BBC World Service ... Politics, income differences and immigration are some of the biggest factors dividing societies around the world, according to a new study commissioned by the BBC.  We’ll explain where the tension is strongest, and why people think their countries are more divided now than 10 years ago. Then, Fashion Revolution Week is raising awareness about transparency in the fashion supply chain as it marks five years since a factory collapse in Bangladesh killed more than 1,000 people.

If a wave of automation is coming, which countries are best prepared?

Apr 23, 2018

Robots are coming for all our jobs, right? It can be hard not to feel that way given the pace of automation. But if it really is inevitable, are we doing anything to prepare for it? Enter the Automation Readiness Index; a research project put together by The Economist and funded by Swiss robotics giant ABB.

A fundamentally different American economy?

Apr 20, 2018

Has the current administration “fundamentally changed the structure” of the American economy, as Mick Mulvaney, acting director of the Consumer Financial Protection Bureau,  said? We break it down with David Gura from MSNBC and Ana Swanson from The New York Times. We also discuss International Monetary Fund Managing Director Christine Lagarde’s comments on the United States regarding the tax plan and what it means for American economic growth. Later, we talk about the push to reach a NAFTA deal before May and bilateral versus multilateral trade.

Global economic recovery eats through oil glut

Apr 20, 2018

This morning President Donald Trump turned his ire on OPEC: “OPEC is at it again,” he tweeted. “Oil prices are artificially Very High!” Sure, it’s convenient to blame someone for high gas prices. But the broader story — beyond the 280 characters that Twitter allows — is that something bigger is happening in the world oil market.

Click the audio player above to hear the full story. 

Looking for a luxury apartment? Try Pittsburgh

Apr 20, 2018

There's plenty to see in Pittsburgh's East End. Carnegie Mellon is based here. So is the University of Pittsburgh. And the hip neighborhood, Lawrenceville. Another thing you can find: plenty of construction, mostly apartment buildings with signs touting amenities – pools, gyms, rooftop decks.

It's time to get your financial life in order

Apr 20, 2018

Tax season may be over, but that doesn't mean you should stop thinking about your finances. That's one conclusion from John Schwartz of the New York Times, who decided that after many decades of keeping his nose to the grind and ignoring his letters from Vanguard, he should take a step back and look at how his financial life was really doing.

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo’s abuses.

In a settlement announced Friday, Wells will pay $500 million to the Office of the Comptroller of the Currency, its main national bank regulator, as well as a net $500 million to the Consumer Financial Protection Bureau.

(Markets Edition) When it comes to the market, traders look at three influential figures: the chair of the Fed, its vice chair, and the president of the New York Fed. We'll talk to Chris Low, chief economist at FTN Financial, about why some were "disturbed" by what John Williams, the next NY Fed president, recently had to say at a press conference in Madrid. Afterwards, we'll look at one major domestic appliance company that could come out ahead amid all this tariff talk. Whirlpool may have an advantage thanks to a protective tariff on foreign washing machines. 

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