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

  • Tuesday, November 21, 2017 9:05am
    (Markets Edition) Just shortly into the trading day, stocks were up. What's guiding this positive market sentiment? The GOP's proposed tax overhaul. David Kelley from JP Morgan Funds stopped by to discuss whether reform will actually happen. Afterwards, we'll look at how holiday jobs are changing to keep up with online demand, and then we'll talk about the Justice Department's decision to sue AT&T over its planned merger with Time Warner.
  • Tuesday, November 21, 2017 4:51am
    (U.S. Edition) The Trump administration is now set to roll back network neutrality, which says all internet traffic has to be treated equally. We'll explain how all of this would work. Think of the web as a highway, and content providers like Netflix as the cars who now may have to pay extra for high-speed lanes. Next, we'll discuss the European Union's decision to choose new cities to host two European agencies that had been based in London. And finally, we'll chat with Alexandra Dean, director and producer of the new documentary "Bombshell." The film looks at Hollywood actress Hedy Lamarr, an avid inventor whose advances in technology helped lead to Wi-Fi and cellphones.
  • Tuesday, November 21, 2017 3:57am
    (Global Edition) From the BBC World Service … Tencent — a huge Chinese tech firm that's barely known globally — has jumped in value to over half a trillion dollars to become one of the biggest companies in the world. Afterwards, global food prices could start to rise in 2018 because of uncertainty over climate and trade deals, according to a report out today by Rabobank. Then, in a global first, a London company called Bio-Bean is using coffee-waste powered London buses.
  • Tuesday, November 21, 2017 3:30am
    The National Retail Federation estimates that shoppers will spend around $680 billion this holiday season, up 4 percent from last year.  In an effort to compete with online shopping, brick-and-mortar stores are trying to figure out what tech they can add to enhance the shopping experience, like phone charging kiosks and interactive "magic mirrors." Marketplace’s Adriene Hill spoke with Forrester retail analyst Sucharita Mulpuru about how tech is changing how we shop in stores. 
  • Monday, November 20, 2017 1:00pm
    You might have seen it coming. President Donald Trump decided not to reappoint Janet Yellen to a second term chairing the Federal Reserve, and today Yellen announced she's leaving the Fed completely once her successor is confirmed. The way terms of the board of governors are set up, she could have stayed for another seven years. We'll talk about what's next for her and the central bank. Then, we'll bring you the latest on the $85 billion merger between AT&T and Time Warner, which the Justice Department is trying to block. Plus: Congress is about to go on Thanksgiving recess, but tax reform waits for no one.

FCC targets net neutrality

4 hours ago

The next target of the Trump administration's regulatory rollback appears to be net neutrality. The Obama-era rule that says all internet traffic has to be treated equally. The Federal Communications Commission is expected to release a new net neutrality rule this week reversing that decision.

Here's how net neutrality works. Think of the web as a highway.  Internet service providers like Comcast and Verizon are the on ramps.  Content providers like Netflix are the cars. All going at the same speed.

Holiday jobs changing to keep up with online demand

6 hours ago

Some of the country’s major retail chains are in trouble this holiday season, closing stores and losing evermore sales to online shopping sites. And yet, hiring of temporary seasonal retail workers is predicted to be about on par with 2016, according to a report by outplacement firm Challenger Gray & Christmas.

(U.S. Edition) The Trump administration is now set to roll back network neutrality, which says all internet traffic has to be treated equally. We'll explain how all of this would work. Think of the web as a highway, and content providers like Netflix as the cars who now may have to pay extra for high-speed lanes. Next, we'll discuss the European Union's decision to choose new cities to host two European agencies that had been based in London.

(Global Edition) From the BBC World Service … Tencent — a huge Chinese tech firm that's barely known globally — has jumped in value to over half a trillion dollars to become one of the biggest companies in the world. Afterwards, global food prices could start to rise in 2018 because of uncertainty over climate and trade deals, according to a report out today by Rabobank. Then, in a global first, a London company called Bio-Bean is using coffee-waste powered London buses.

Disaster relief bill funding hits roadblock

19 hours ago

The Trump administration has asked Congress to pass the third disaster-relief spending bill this year in the aftermath of Hurricanes Harvey, Irma, and Maria, and the devastating California wildfires.

Germany won't have a government anytime soon

20 hours ago

Germany still has no government. The leading party of Chancellor Angela Merkel, the Christian Democratic Union, has been unable to form a coalition with rival parties for control of the parliament as is customary in German politics. Marketplace host Kai Ryssdal talks with Eric Graydon, a business reporter based in Berlin, about the ramifications of this development for the rest of Europe.

Kai Ryssdal: This is obviously a political story but there is—there are rather— some some fundamental economic issues behind it right?

Immigrant lending clubs provide capital, at a cost

20 hours ago

When Chinese immigrants in Brooklyn’s Sunset Park have problems — legal, financial, marital — they come to see John Chan.

Lately, they’ve been coming to John Chan about money — specifically the collapse of informal lending clubs known as "biao hui."

Should VR headsets be "ugly and a little awkward"?

21 hours ago

With the stipulation that there are always new fads in the technology world, one of the most enduring tech trends is virtual reality. Facebook, Google, everybody who's anybody in Silicon Valley is developing something in VR.

Why the House tax plan has students worried

22 hours ago

The major House bill overhauling the tax code would roll back several deductions and credits benefiting college students and their families, saving money for the government but potentially raising the cost of an education.

Killing the "death tax": Is it fair?

Nov 20, 2017

With the U.S. Congress determined to get tax reform done before the end of the year, one of the taxes on the chopping block is the estate tax. Up till now, if you had a lot of money —  more than $5.5 million for an individual or $11 million for a couple — and you wanted to leave it to your kids when you died, Uncle Sam would get a piece. And not a small piece: 40 percent.

(Markets Edition) On today's show, we'll take a peek at what leading indicators have to say about our economy. Turns out it's looking much better because our major trading partners are on a roll. Afterwards, we'll look at news that a former Obama official — Maria Contreras-Sweet — is making a $275 million bid for The Weinstein Co., with plans to reform it by installing a female-majority board. And finally, we'll discuss what the GOP's planned tax overhaul would mean for independent contractors. 

Former Obama official makes bid for Weinstein Co.

Nov 20, 2017

The movie studio The Weinstein Co., has seen its value plummet after numerous allegations of sexual abuse by its co-founder Harvey Weinstein.

It’s been looking for a buyer, and now it appears to have at least one offer. Maria Contreras-Sweet — the head of the Small Business Administration under President Barack Obama — has brought together a group of investors that’s offering $275 million for the embattled movie studio.

There's news a former Obama administration official is leading a team that has offered to buy the disgraced Weinstein movie studio. 

Maria Contreras-Sweet, who used to run the Small Business Administration, is reportedly offering $275 million for the company. If the deal goes through, the plan is to set up a majority female board and establish a $30 million fund to support those allegedly abused by Harvey Weinstein. 

The Conference Board’s Leading Economic Index (LEI) report for October is expected to rebound from a 0.2 percent decline the previous month. That drop—the first in a year—resulted in part from weak employment and residential construction activity tied to Hurricanes Harvey and Irma, according to the Conference Board. (LEI is compiled from ten economic indicators—including first-time unemployment claims, factory orders, building permits, stock prices and interest-rate spreads.)

(U.S. Edition) In Germany, talks aimed at forming a ruling coalition fell apart last night. Chancellor Angela Merkel won the most votes in a general election in September, but not enough to rule outright. On today's show, we'll take a look at the current state of Germany's economy and what political instability could mean for it. Afterwards, we'll look at Toshiba's financial woes: it faces $6 billion in liabilities because its U.S. subsidiary Westinghouse is in bankruptcy.

11/20/2017: German coalition talks fail

Nov 20, 2017

(Global Edition) From the BBC World Service … German Chancellor Angela Merkel is back to square one after a potential partner walked out of negotiations to try and form a coalition government. We find out what the political uncertainty means for Europe's largest economy.  Afterwards, the Japanese corporate giant Toshiba's shares fell nearly 5 percent on news it's trying to raise more than $5 billion through a massive new stock listing. Then, we hear how Cuba's recent boom in tourism could be reversing as diplomatic relations with the United States become icy again. 

11/17/2017: Taxes, trade deficits and peanut butter

Nov 17, 2017

On today's Weekly Wrap, we're consumed by tax reform and discuss voodoo economics, which is a euphemism for trickle-down economics coined by a Republican. Then it's on to President Trump's goal to reduce the U.S. trade deficit and whether or not the tax plan could further that. And in Zimbabwe, negotiations continue for a political settlement after Tuesday's intervention by the country's military. Finally, we play a clip from this season of The Uncertain Hour about how one ordinary citizen helped change the peanut butter industry.

Catherine Rampell of The Washington Post and Linette Lopez of Business Insider join us to discuss this week’s business and economic news. We discuss the viability of trickle-down economics, the concept the new GOP tax bill is built upon, and it’s rocky history in the public eye. We also talk about the differing versions of the tax bill going through both the Senate and the House. Plus, how will this tax bill truly affect both smaller and larger businesses? 

Save the world by scaling down your Thanksgiving turkey

Nov 17, 2017

It's the weekend before Thanksgiving, and odds are, you already have a menu in mind, whether it is family traditions, potluck plans or maybe even some new recipes. Mark Bittman, author of "How To Cook Everything" and, most recently, the new edition of "How to Cook Everything Vegetarian," hopes it won't be meat. 

What’s peanut butter?

That’s the question the Food and Drug Administration was trying to answer in 1959. You’d think it’d be an easy one. They did too.

Federal regulators first set the definition of peanut butter at 95 percent peanuts, five percent sweeteners, oils, and other stuff. Because that’s what peanut butter is, the FDA reasoned. It’s peanuts.

What they didn’t know is that first, short memo would set off a long, complicated legal battle that would change the way we think about food in this country.

This week we're taking a new look at some favorite stories we've covered this year — and what's happened since. We're taking a look at whether states are constitutionally obligated to teach kids how to read, the consequences of ID theft, and how digital apps like Instagram are changing the physical world. Plus, veggie delights for Thanksgiving and the growth of vegan food chains. 

(Markets Edition) With Republicans racing to approve legislation that would overhaul America's tax system, we'll hear from Diane Swonk — CEO of DS Economics — about the math behind the plan. These tax cuts could end up adding to the deficit, which Swonk says will create "liabilities" for future generations.

Tesla unveils an electric truck, but will it catch on?

Nov 17, 2017

CEO Elon Musk said the new electric Tesla trucks will have a range of about 300 miles. But truckers may not want to pay for the cleaner ride.

Click the audio player above to hear the full story. 

Holiday travel up with consumer confidence

Nov 17, 2017

A resurgence is stocks, healthier home values and a low unemployment rate is boosting consumer optimism, which in turn means even more people are expected to travel this Thanksgiving holiday.

Click the audio player above to hear the full story. 

It’s 2017 and for the first time ever, the majority of Americans no longer prefer a male boss to a female boss, according to a new Gallup survey of 1,028 adults. When asked, 55 percent said it did not matter to them if their manager was male or female. That’s up from 46 percent in 2014.

Interestingly enough, women are more likely to have a preference than men and up till this year that preference used to be for a male boss.

(U.S. Edition) The Republican tax overhaul — which calls for a reduced corporate tax rate of 20 percent — has now passed in the House. There's been a lot of debate over how much this bill will help American taxpayers. One noted economist who argues that it won't: Jeffrey Sachs, who joined our show today.

(Global Edition) From the BBC World Service … The CEO and executives from Japan’s second-biggest car-maker Nissan plan to return part of their pay, following an investigation into a vehicle inspection scandal that led to the recall of 1.2 million cars. Afterwards: the credit ratings agency Moody's has upgraded India for the first time in nearly 14 years, putting one of the world's fastest growing economies on par with the Philippines and Italy.  Then we hear from the Indian city of Mumbai about the ongoing struggle for latrine provisions ahead of World Toilet Day this weekend.

Why the pass through tax is important for businesses

Nov 16, 2017

Today the House passed its version of the tax bill. It has yet to be voted on in the Senate. To get a sense of how the bill could affect people in the economy Kai sat down with Ed Fryar, owner of the growing business Ozark Mountain Poultry.  Below is an edited version of their conversation.

Kai Ryssdal: First of all, how's the chicken business doing?

AT&T and Sinclair Broadcast Group want to increase their market share of TV stations and national TV networks. The two would-be buyers face a complicated regulatory path. But that's where their tales diverge, leaving some analysts scratching their heads. That's because Sinclair's proposed $3.9 billion acquisition of Tribune Media appears headed for smooth sailing before the Federal Communications Commission, which voted Thursday to relax its ownership rules.

Puerto Rico still has no power

Nov 16, 2017

The latest information out of Puerto Rico indicates that less than half of the island has electrical power. That means hospitals, supermarkets and small business are still struggling to literally and figuratively keep the lights on. Marketplace Weekend host Lizzie O'Leary has been reporting from Puerto Rico. She talked with Marketplace host Kai Ryssdal about the situation on the ground. The following is an edited transcript of their conversation. 

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