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

  • Friday, May 26, 2017 5:00am
    The European leg of President Trump's trip abroad got off to a rocky start yesterday when, in a meeting with G7 officials, the president was reportedly critical of Germany's trade practices. The main gripe, it seems, was about the number of German cars sold here, but that's just one slice of a pretty huge trade relationship. We'll talk about it, plus the drama back home at the Department of Education, which is considering handing some of its student loan business to the Treasury. Plus: A look at Kushner Companies, the family real estate business where Jared Kushner worked before taking a role in the White House.
  • Thursday, May 25, 2017 11:02pm
    You've heard it before: the robots are coming and they're going to steal our jobs. But, wait a second — the Economic Policy Institute has crunched the data and is now arguing that the effects of automation are a little overstated. One of the authors of the report, Lawrence Mishel, joined us to break down why and what he thinks workers should actually be worrying about. Then to cap off the week, we'll play Silicon Tally with Rachel Metz, an editor at the MIT Technology Review. 
  • Thursday, May 25, 2017 10:00pm
    President Trump is preparing for his first G7 meeting in Sicily, Italy, where trade policy and climate change will be on the agenda — topics that he and other countries don't exactly see eye to eye on. On today's show, we'll take a closer look at these sources of tension. Afterwards, we'll discuss how much U.S. lemon growers could lose out on from the USDA's decision to lift an Argentine lemon ban, and then examine how the affordable housing crisis is affecting minority families.       
  • Thursday, May 25, 2017 9:33am
    On this episode of Marketplace Weekend, we revisit our stories on three cities across the country: Dalton, Georgia; Gillette, Wyoming; and Corvallis, Oregon. In each place, we met with the mayor and with folks around town, getting a sense of the economy there and how it's changing. We visited carpet factories and coal mines, spoke to students and business owners, and found unique stories of how the economy is changing — and how that affects real people and their lives. 
  • Thursday, May 25, 2017 5:00am
    We've talked a lot about the economic anxiety normal Americans face every day, but today we're casting and eye toward economic anxiety in and about Washington. First, the White House's budget. There are some assumptions that don't quite add up, but today Treasury Secretary Steven Mnuchin reiterated his confidence that tax cuts, deregulation and trade policy will ratchet up economic growth. But what if it doesn't? Then: Mnuchin and White House budget director Mick Mulvaney both testified on Capitol Hill this week to sound the alarm about the deb limit. They're worried Congress might have to raise it sooner than expected. We'll explain what's going on. Plus: a California prison town's big bet on pot to save its economy.

Why Ramadan is a big deal for Arab TV networks

May 26, 2017
Kai Ryssdal and Maria Hollenhorst

This Saturday marks the beginning of Ramadan. Muslims worldwide will spend the next 30 days fasting from dawn until dusk. But when families gather to break the fast after the sun goes down, many observe another Ramadan tradition — binge-watching television. Arab TV networks craft content with widespread appeal in the Islamic community for this time of year, but it's also a way to shape public opinion. Marwan Kraidy is a professor of communications at the University of Pennsylvania and an expert on Arab media.

Trump sounds off about Germany's trade surplus, again

May 26, 2017

President Trump sounded off in a meeting with G-7 officials yesterday, allegedly saying that Germany is “bad, very bad” for running up a trade surplus with the U.S., selling millions of cars on American shores. This is not the first time the president has called out Germany on trade, and it’s safe to say that the U.S. relationship with one of its closest allies has chilled considerably since January. But, politics aside, the manufacturing relationship between Germany and the U.S. is gigantic.

Click the audio player above to hear the full story.

The Department of Education isn't your typical go-to for high drama in Washington, D.C. But this week hasn't been typical. First, President Trump's budget proposal called for drastic cuts to the department's budget. Then, James Runcie, who oversaw the office that manages the federal government's $1.3 trillion student loan portfolio, walked.

John Morrison

On summer holidays like Memorial Day, beaches can get pretty crowded. Now, to ease the congestion, some beaches have started banning things like tents and barbecues. 

And while these restrictions may please some beachgoers, they’re frustrating for a few business owners who think tourists may take their gear -and their wallets- elsewhere. 

Minorities increasingly priced out of housing market

May 26, 2017
Adam Allington

It’s getting harder and harder for middle-class families to afford housing in the U.S.

A new report from the real estate brokerage Redfin shows that in the nation’s 30 biggest metro areas, the number of home listings middle-class families can afford has dropped by 32 percent since 2012.

That shrinking pool of affordable housing is felt most acutely by minorities.

How many burgers has McDonald's actually sold?

May 26, 2017
Jana Kasperkevic

This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands?  What do you wonder?

Lifting Argentine lemon ban will cost U.S. growers

May 26, 2017
Adrienne Hill

The U.S. had banned the import of fresh lemons from Argentina for 16 years, citing risk of citrus diseases.

Back in April, President Trump met with the president of Argentina.

“I'll tell him about North Korea, and he'll tell me about lemons,” Trump said. Days later, the U.S. Department of Agriculture announced it would lift the ban starting today.

The White House budget proposal would cut SNAP, the Supplemental Nutrition Assistance Program known as food stamps, by $193 billion over 10 years. Right now a family of six gets about $900 a month in food aid. Under Trump’s proposal, that would be the cap, even for households with more people. Many families that receive SNAP and have more than six people are extremely poor — and have multiple young children.  

Click the audio player above to hear the full story.

Travis Bubenik

Jack Gregg with tech company Honeywell shows me around a sort of new car showroom for companies shopping for “smart” oilfield gear. The energy industry is increasingly investing in ways to make oil production easier and cheaper. Companies are using cloud technologies and mobile devices. The time-consuming work of driving out to a field to check on equipment can now be done from afar.

David Brancaccio

If your financial awareness was formed in the 1980s and 1990s, you may have learned to expect too much out of the stock market. There was a long Reagan-Bush-Clinton-era run that led people to believe the stock market had almost magical powers.

But since then, returns haven't been quite the same — a dip that may be playing a role in our country's retirement crisis

Treasury Secretary Steven Mnuchin faced his second day of grilling on Capitol Hill today, this time appearing before the Senate Finance Committee to discuss his boss's proposed budget for next year. Baked into that budget is the assumption that the U.S. economy will start growing at 3 percent or higher by the year 2021, which is about the average for the past 60-plus years. But it's a lot faster than the more sluggish rate of around 2 percent we've been stuck at since the recession.

Andy Uhler

This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands?

Tax collectors are crying poor

May 25, 2017

Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney were on Capitol Hill this week sounding the alarm on the debt ceiling. That’s the limit on how much debt the government can rack up. Mnuchin and Mulvaney said Congress might have to lift or suspend the debt limit sooner than planned. Mulvaney said that’s because tax revenues are coming in slower than he expected. Why is there a revenue shortfall?

Click the audio player above to hear the full story.

3 things you may have missed about Trump's budget

May 25, 2017
Janet Nguyen

President Trump released his budget proposal this week, a plan that could have long-ranging consequences on the future of the U.S. economy, education system and country's voting preferences. 

With many programs expected to see billions slashed, let's take a closer look at the specific programs that could be negatively impacted and the rationale behind such huge cuts.  

First, what’s going to happen to the debt ceiling?

Trump’s plan calls our economy “broken” and “stagnant,” alerting readers to the country’s $20 trillion debt.

David Weinberg

In January of next year, California will become the largest state in the country to legalize recreational marijuana. Medicinal marijuana is already legal in the state. Now, some cash-strapped cities in California are hoping to revive their struggling economies by becoming the first to open their doors to the marijuana industry.

Is the craft movement making service jobs hip?

May 25, 2017
Kai Ryssdal

What makes a job "cool?" That's the question behind Richard Ocejo's book, "Masters of Craft: Old Jobs in the New Urban Economy." Ocejo, an associate professor of sociology at John Jay University and The City University of New York," interviewed bartenders, distillers, barbers and butchers to understand why these folks pursue a craft service career. Ocejo even joined the bandwagon and got a job as an intern butcher at Dickson's Farmstead Meats in New York.

Jana Kasperkevic

On Wednesday evening, Greg Gianforte, the Republican candidate for Montana’s lone House seat, allegedly “body-slammed” Guardian U.S. political reporter Ben Jacobs and broke his glasses in the process. The altercation took place when Jacobs tried to ask Gianforte for his take on the recently released Congressional Budget Office score of the new health care replacement bill. The exchange was recorded by Jacobs and later released to public by the Guardian.

Let’s do the numbers: the 'Star Wars' empire

May 25, 2017
Jana Kasperkevic

Happy 40th birthday, "Star Wars"! May the Force be with you.

Disappointment over declining oil prices abound. OPEC had agreed to make production cuts to help with an oil glut, but it seems these policy changes aren't helping — and neither is the U.S. We'll look at how America's own production habits undercuts the cartel's. Afterwards, we'll examine how state insurance markets that get waivers for pre-existing conditions would react to the GOP's new health care bill, and then talk about the stock market's inability to yield the magic it used to.

The struggle is real for Sears Holdings — the company behind Sears and Kmart. The once-powerful brand warned investors back in March that there was “substantial doubt” about its future. This week, Sears announced it’s pushed back a deadline on a $500 million loan by six months. That’s got Sears vendors even more anxious about a looming bankruptcy.

Click the audio player above to hear the full story.

NYU program piles on classes for early graduation

May 24, 2017
Kristin Schwab

Colleges across the country are trying new ways to confront the rising cost of tuition. One increasingly popular option: accelerated degrees.

New York University recently announced a program that helps students graduate a semester early by taking extra courses throughout the year and during winter and summer breaks. There are similar programs at the University of San Francisco and American University in Washington, D.C., among others.

First-time homebuyers are taking out more new loans

May 24, 2017
Ryan Kailath

The number of people taking out new home loans is at a three-year low, according to a report out today from the real estate data firm ATTOM. But one group taking out more new loans, ATTOM said, is first-time homebuyers.

Mortgage rates are rising, which means buying the same priced home costs more money every month. And that naturally scares some people away. So what edge do these first-time homebuyers have?

Marketplace

If you're an independent video game company, it can be hard to get exposure. Ian Bogost, an interactive gaming professor at Georgia Tech, joins us to talk about issues of access and discovery within the indie game market. Plus: a conversation with The Economist's Daniel Franklin, author of the new book "Megatech."

Marketplace

Part of Trump's agenda during his meeting with NATO leaders includes pushing them to join an anti-ISIS coalition and invest more in their militaries. We'll take a look at the numbers behind Europe's defense spending. Then back in the U.S., we'll discuss the increase in mortgage co-signing for first-time home buyers, and explore NYU's new effort to help college students graduate early. 

Online shopping is sometimes just that — shopping. The actual buying happens later — in an actual store. Until now, retailers haven’t been able to connect those dots. Google says it has a tool that will let them connect online clicks to in-store buys. Good for Google, which may be able to sell more search ads. But maybe not so good for us. 

Click the audio player above to hear the full story.

 

Kai Ryssdal

Arguably no company has done more for the cause of digital money than PayPal. But after Venmo, where does PayPal take our money next? And more importantly, how does it keep that money safe? Marketplace host Kai Ryssdal spoke to PayPal CEO Dan Schulman and got some answers about cybersecurity and the digitization of money. An edited transcript of their conversation is below. 

Trump's NATO visit is going to be awkward

May 24, 2017

President Trump has arrived in Brussels on the latest leg of his first official foreign trip since his election. Apart from meeting European leaders, he will visit NATO’s shiny new headquarters in the Belgian capital. This could be a tricky visit. During the election campaign, Trump was not overly complimentary about the alliance.

Click the audio player above to hear the full story.

Kai Ryssdal

There's finally a price tag on the amended American Health Care Act that was passed by the House of Representatives almost three weeks ago. The report from the Congressional Budget Office is sort of like the report card for the bill. It explains what it’s going to do and how much it’s going to cost.

The Congressional Budget Office is set to release its assessment of the GOP's new health care bill this afternoon. The CBO estimated 24 million would lose health insurance under the first draft of this plan. We'll examine whether fewer people will lose coverage under the most recent proposal. Afterwards, we'll discuss a downgrade in China's creditworthiness, and look at how the country's new fiduciary rule works. 

OPEC nations meet this week to discuss cuts to oil production, as prices for crude remain in a slump. Price volatility, changes to car technology, and other major uncertainties are leading to widely divergent views on the future of oil – namely, whether the world will see a peak in demand anytime soon.

Click the audio player above to hear the full story.

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