Marketplace

6pm Weekdays on 89.7 NPR News
  • Hosted by Kai Ryssdal

In-depth focus on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. 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.

Ways to Connect

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Kai Ryssdal

Rachel Abrams of the New York Times and David Gura of Bloomberg join us to discuss the week's business and economic news. This week, they talk about whether the Trump administration can meet any of its major pledges before its first 100 days. Also, Trump has signed a lot of executive orders, but are they doing anything?

Steve Ballmer says numbers and facts still matter

Apr 21, 2017
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Kai Ryssdal

President Trump said today his tax reform plan will be ready on Wednesday. While we're waiting, how about getting an idea of where exactly all those trillions of tax dollars are going? 

Trump's first 100 days: 3 mayors weigh in

Apr 21, 2017
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Lizzie O'Leary and Eliza Mills

April 29 marks President Trump's first 100 days in office. His tenure so far has been marked by executive orders on immigration, efforts to repeal Obamacare and a pledge to "hire American," among many other things. So, how's Trump doing? 

During election season, we spoke to three mayors from very different cities across the country, and after Trump took office, we visited each of them: Dennis Mock in Dalton, Georgia; Louise Carter-King in Gillette, Wyoming; and Biff Traber in Corvallis, Oregon. 

04/21/2017: Where does Uber go from here?

Apr 21, 2017

As federal funds for research are threatened and White House climate change plans are canceled, students are trying to stand up in the name of science. Thousands are set to march this weekend, many of whom will include Caltech students. We visited the campus to chat with the community about why they personally want to get involved. Next, we'll discuss Uber's declining popularity with corporate customers, and then look at the arrest of a 28-year-old man in Germany who's connected to last week's explosions. 

A new report out this week shows that Uber’s long string of bad PR could be costing it corporate customers. Uber is still the dominant ride-hailing app by far, but Lyft appears to be gaining ground in business travel.

Click the audio player above to hear the full story.

 

Housing growth is stunted by a lack of supply

Apr 21, 2017

The job market is firm, consumer confidence is high and mortgage rates are low. Perfect conditions for a strong housing market. Yet, inventory of new homes and sales of existing homes remain depressed. And that's putting a big crimp on growth. 

Click the audio player above to hear the full story.

04/21/2017: Rage against the machines

Apr 21, 2017
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Marketplace

We’re expecting another series of executive orders from President Trump that'll deal with taxes and financial regulations. Marketplace's Kimberly Adams explains what's in store for our financial future. Afterwards, as part of our "Robot-Proof Jobs" series, we'll chat with Thomas Kalil, a former deputy director for the White House Office of Science and Technology Policy. Kalil shares how we can apply AI to the classroom to teach tech skills and beat a robot takeover. 

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JaeRan Kim

Thousands of people in dozens of cities across the country will take to the streets on Saturday in the name of science. Science is meant to be nonpartisan, but with federal funds for research in question and the White House cancelling its climate change plans, some scientists feel called to defend their profession.

“Hello, do you wanna sign a banner for the March for Science?"  

Tess Saxton-Fox and Magnus Haw were recently handing out info on the March for Science and hawking orange T-shirts — really orange T-shirts — for $5. 

I just copied your boss on this email

Apr 20, 2017
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Jana Kasperkevic

It’s no secret that workplaces can feel like a battlefield. There are workers competing for the same promotion. People worried about whether their boss likes them or whether a co-worker is secretly taking credit for their hard work or ideas. Then there are all those emails to decode and consider.

There is one exception, however. The dreaded boss cc. Everyone knows exactly what it means — your co-worker wants your boss to be privy to your conversation.

Even as the White House rolls back national climate change programs, California is moving forward on a cap-and-trade system to reduce greenhouse gas emissions. Yet the Golden State still has some of the highest air pollution in the nation from other pollutants its industrial plants spew. A new bill would use California’s cap-and-trade rules to regulate those toxins, too.     

Click the audio player above to hear the full story.

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Sam Beard

“On est chez nous!” The phrase, which means “this is our home,” thunders around a sports stadium in northeastern Paris. Some 6,000 supporters of the far-right National Front party are in full cry at a campaign rally as they await the arrival of their heroine, the leader of their party and a front-runner in France’s presidential election, Marine Le Pen.

“On est chez nous” is a battle cry for the National Front and conveys two connected messages: “We have too many immigrants coming to France” and “We don’t like the European Union running our country.”

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Marketplace staff

Bill O'Reilly, despite denying that he sexually harassed co-workers, is out from Fox as a cable TV host amid pressure from protesters and advertisers. And there might also be international business pressures on its parent company, 21st Century Fox, that factored into the decision. 

The Fed occasionally interviews people in each of the 12 regions it presides over to gauge how they're feeling about the economy. The results are in and people are feeling, well, uncertain. Diane Swonk, CEO of DS Economics, joined us to talk about why there may be a lack of widespread optimism. Afterwards, we'll look at the positive effects of attending college full time vs. part time, and then discuss how automation puts workers of color at risk. 

Only about 40 percent of community college students earn a degree within six years. But students who go to class full time are much more likely to graduate. A new study finds that even one semester of full-time attendance makes a difference. 

Click the audio player above to hear the full story.

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Allison Keyes

Five years ago, Marketplace explored how machines, robots and software algorithms were increasingly entering the workforce in our series "Robots Ate My Job." Now, we're looking at what humans can do about it with a new journey to find robot-proof jobs.

Is generosity enough to prop up this post-recession town?

Apr 19, 2017
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Kai Ryssdal and Bridget Bodnar

Facebook wants to see everything you see

Apr 19, 2017
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Marketplace

Facebook's annual conference for software developers, F8, wraps up today. Usually there's much ooh-ing and aaaah-ing over whatever it is that Mark Zuckerberg introduces.  

Not so this year.

"The big takeaway, put simply, is that Facebook has copied Snapchat as far as it can, and now it's going to try and outpace them," said Molly Wood, senior tech correspondent. Wood said that Facebook is moving away from virtual reality on its Oculus Rift platform and toward augmented reality on your phone, something its competitor Snapchat is already doing. 

Why 23andMe wants your genetic data

Apr 19, 2017
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Kai Ryssdal and Robert Garrova

The Food and Drug Administration recently gave its approval to genetics testing company 23andMe to use genetic data in a new way. The company will analyze your DNA and then send you back a report on your ancestry. But whether or not you have a little bit of Neanderthal in your family tree is by far not the only thing your DNA can tell you. With new clearances from the FDA, 23andMe can now look at your genetic makeup and tell you your risk for some pretty widespread diseases — Parkinson's and Alzheimer's among them.

Treasury yields have dropped to the lowest they’ve been since November. What’s driving rates down? And what does that mean for U.S. consumers, U.S. businesses and the chair of the Federal Reserve? 

Click the audio player above to hear the full story.

Emirates, the biggest airline in the Middle East, is cutting back on flights to the United States in five of its 12 destinations. The air carrier said demand has dropped steeply since President Trump's restrictions on entry from Muslim-majority countries. And the ban of any electronic device bigger than a cell phone from certain Middle East flights led to even fewer ticket sales. Even though the president’s travel bans are now blocked in U.S.

04/19/2017: You pay taxes, why shouldn't robots?

Apr 19, 2017

The ability of U.S. companies to pay back all its debt is at its lowest level since the 2008 financial crisis, according to the International Monetary Fund. Susan Schmidt of Westwood Holdings Group joins us to chat about the factors that really matter to the health of the U.S. economy. Next, we'll look at why several cities and states in the U.S. are starting to ban employers from asking prospective hires about salary history. Finally, we'll wrap up by chatting to former U.S. Treasury Secretary Larry Summers about why he's against taxing robots who perform our jobs. 

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Bruce Johnson

The primordial web of the internet was a messy, beautiful place, free and open, and its users were full of hope. And then the money-hungry creators of platforms like Facebook and YouTube screwed it up. That's according to Jonathan Taplin, who is a tour manager for the band Bob Dylan and a film producer for Martin Scorsese.

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D Gorenstein

For many years, American Express was the credit card with cachet. Now, many millennials are looking elsewhere and are shaking up the credit card industry as a result. These younger consumers are also using cards differently than their parents, and companies are trying to catch up.

Credit card companies have gotten to know their millennial customers. One, they love a good deal, said Bill Hardekopf of LowCards.com, like the Chase Sapphire Reserve card that initially promised 100,000 points just for signing up.

The New York City Council recently approved legislation aimed at addressing pay inequity. The city's private employers will no longer be allowed to ask job candidates about their current or past wages. Mayor Bill de Blasio is expected to sign the bill into law, adding New York to a growing list of cities and states outlawing employer inquiries on past pay.

Click the audio player above to hear the full story.

Senior Trump administration officials cancelled a meeting today to talk about whether the U.S. will stay committed to its emissions targets under the Paris climate agreement. Trump has promised to take the U.S. out of agreement. A surprising group wants America to stay in: coal executives. The nation’s three biggest coal companies would rather the U.S. have a seat at the climate change negotiating table than be sidelined.

Click the audio player above to hear the full story.

How Charles Shaw wine became Two Buck Chuck

Apr 18, 2017
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Kai Ryssdal and Maria Hollenhorst

When Trader Joe's introduced Charles Shaw wine in 2002, it sold for $1.99 a bottle. The price of "Two Buck Chuck” has since risen, but the nickname endures. Journalist Natalie O'Neill went in search of the original Charles Shaw for an article in Thrillist on the history of Trader Joe’s wine. She talked with Marketplace host Kai Ryssdal about what she learned. The following is an edited transcript of their conversation. 

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John Jenkins

More and more police departments are using body cameras as they look for ways to protect themselves, their communities and to preserve evidence. So the lucrative new bodycam market is becoming fiercely competitive. But the real money to be made is on the back end.

For almost two decades, Taser International was known for making stun guns. But now there’s a new product rolling off its production line in Scottsdale, Arizona: body cameras.

Spokesman Steve Tuttle watches a production line as the cameras come together.

Why boom-bust oil prices may be here to stay

Apr 18, 2017
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Kai Ryssdal and Maria Hollenhorst

Crude oil prices fell today following a government report predicting the biggest increase in U.S. production in two years and the Saudi Arabian energy minister publicly doubting whether that country will keep cutting production as promised. Once again, oil is the global economic wild card.

Trump wants to rethink worker visas

Apr 18, 2017

At a factory in Wisconsin today, President Trump signed an executive order directing agencies to focus on buying American goods and order a review of the H-1B visa program. That's the visa companies use to hire skilled foreign workers. During his campaign, Trump talked about eliminating the program entirely and promised he would protect American workers. What does today's order actually do — and does it have teeth?  

Click the audio player above to hear the full story.

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Annie Baxter

In the late 1990s, John Rosenow was expanding his dairy in Cochrane, Wisconsin. He struggled to find workers to fill positions on the farm as he went from milking 50 cows to more than 500. Other farmers had turned to immigrant labor from Mexico. Rosenow wasn't interested. 

“Diversity for us was whether you were Polish or Norwegian or you were Catholic or Protestant,” he said. “And so to bring somebody in from a different country, who spoke a different language — boy that's something we just didn't want to do.” 

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