Marketplace

Marketplace

About

Every weekday, host Kai Ryssdal helps you make sense of the day's business and economic news — no econ degree or finance background required. "Marketplace" takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.

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1359 episodes

Heavy on celebrity, light on social commentary

It's a big week for major televised events: The Winter Olympics kick off Wednesday and Super Bowl Sunday is nigh. Brands used to save their biggest, splashiest ad for such a slot. But this year, firms are pulling out all the stops to avoid controversy, or so much as hinting at a current event. Plus: Disney shows CEO selection is tricky business, PepsiCo announces price cuts on key salty snacks, and retail construction booms in Texas.

25m
Feb 03
Why higher productivity doesn't equal wage growth

Productivity — the rate at which companies make what they make, or do what they do — has been a reliably bright spot in this economy. But wage growth hasn’t kept up. In this episode, what’s hampering compensation growth while overall productivity rises at a clip? Plus: Is AI actually to blame for recent layoffs? Is rising global debt bad news? And, the partial government shutdown will delay crucial employment data.

26m
Feb 02
How small businesses navigated the ICE strike

Activists called for a nationwide shutdown of economic activity Friday, Jan. 30, following another killing by immigration officials. But in this unforgiving economy, small business owners who support the cause faced a difficult decision. Today, a few told us how they navigated the moment. Plus: Sluggish big oil earnings show why Venezuela investment isn't popular, Trump announces his pick for Fed Chair, and parents pay a price for snow days.

26m
Jan 30
Energy bill burdens grow

Electricity prices have increased by approximately 40% since 2021, far outpacing inflation. Despite AI data centers making headlines as energy-suckers, that price growth comes from a multitude of factors — including upticks in demand and aging infrastructure. In this episode, you aren’t alone in energy bill price hikes. Plus: Caterpillar benefits from all that AI infrastructure investment, private equity eyes a new form of health care, and salary “lowballing” in a tough job market may be tempting.

25m
Jan 29
Does the EU even want a strong euro?

We keep hearing how the U.S. dollar has been “weakening.” Put another way, the euro is getting stronger: It hit $1.20 earlier this week. But the language is a bit misleading — a stronger euro isn’t necesarily good news for people living in the European Union. In this episode, how currency fluctuation can mess with delicately balanced trade. Plus: Consumer confidence fell sharply among older Americans, the Federal Reserve held rates steady, and we checked in with a few businesses ahead of the Supreme Court decision on Trump’s tariffs.

25m
Jan 28
Let's tour the growing AI economy

Artificial intelligence companies raised enormous amounts of money in 2025, and made major investments in development and infrastructure. What’s next? To understand more about the role AI could play in our futures, “Marketplace” host Kai Ryssdal and “Marketplace Tech” host Meghan McCarty Carino visited an AI company and an AI data center in Silicon Valley. In this episode, the next phase of AI innovation won’t come without obstacles.

25m
Jan 27
As AI expands, Americans have doubts

Artificial intelligence is one of a handful of industries propelling this economy forward. But as the sector explodes, not everyone is on board. Americans are much more concerned about the downsides of AI than excited about its potential utility, according to a new Pew Research survey. In this episode, everyday Americans grapple with — and in some cases, fight back against — the proliferation of AI technology. Plus: Durable goods orders were up in November, gold prices continue to break records, and “Marketplace” host Kai Ryssdal tours a data center in Los Angeles.

25m
Jan 26
Your car company also wants to be your bank

The FDIC has approved proposals by GM and Ford to launch their own banking units. That means the automakers will be able to provide their own auto loans to customers. In this episode, a confluence of market conditions drove Ford and GM into banking. Plus: The Super Bowl of livestock shows highlights high cattle prices, changes to online search behavior affects digital ad revenue, and “Marketplace” host Amy Scott talks to Jordyn Holman at the New York Times and David Gura at Bloomberg about the week’s economic headlines.

25m
Jan 23
Here's what kept GDP climbing last summer

Revised GDP data for this past summer shows the U.S. economy grew faster than we initially thought. A few key parts of the private services sector propelled that growth. In this episode, which parts of the economy are actually doing pretty well. Then: Gap leans in to “fashiontainment,” packaging costs weigh on food prices, and elderly care facilities stand to lose critical employees when TPS ends for Haitian immigrants.

25m
Jan 22
The EU owns $8 trillion in Treasurys

The EU owns $8 trillion in Treasurys. Sure, Eurozone governments probably won’t use ‘em as leverage in the Trump-Greenland situation — and even if they wanted to, it’d be complicated — but what if they did? We’ll explain. Also in this episode: United posts strong quarterly profits after a turbulent year, a primary care doctor tells Kai how Medicaid changes are affecting his work, and cover crops are a tough sell for cash-strapped farmers.

25m
Jan 21
The global trade status quo is shifting. Will the U.S. be left out?

After decades of globalization, the U.S. may be paying a political price: International leaders are forging new trade agreements independent of American influence. In this episode, as some countries no longer see the U.S. as a reliable trade partner, will the global economy leave America behind? Plus: Sellers outnumber buyers in parts of the housing market, Georgetown’s Dorothy Brown discusses her new book about reparations, and we preview Fed governor Lisa Cook’s upcoming Supreme Court hearing.

25m
Jan 20
U.S.-EU relationship status: It's complicated

President Trump has announced new tariffs on European Union countries, aimed at forcing a deal for the U.S. to acquire Greenland. But the EU could respond relatively quickly, with sanctions of their own. In this episode, the EU’s “bazooka” option. Plus: Trump’s recent housing proposals won’t fix the fundemental issue driving housing affordability, technology has changed how parents dole out kids’ allowance, and we explain the history of economic jargon.

25m
Jan 19
Skilled labor scarcity

An AI-driven construction boom is coming, some hope. But to build all that infrastructure, the U.S. is going to need a lot more construction workers, plumbers, HVAC technicians, and other skilled workers. And President Trump’s immigration policies actively work against that goal. Also in this episode: Trump withdraws the U.S. from a key global climate change agreement, Americans shell out for at-home coffee setups, and Kai discusses the week’s economic headlines with Greg Ip at the Wall Street Journal and Amara Omeokwe at Bloomberg.

25m
Jan 16
Trump's latest plan to lower mortgage rates

President Trump recently ordered government-backed mortgage companies (that’s Fannie Mae and Freddie Mac) to buy up $200 billion in mortgage-backed securities. The last time they bought these bonds was the 2008 financial crisis. Will the move actually lower rates? Probably not much. Also in this episode: Venture capital can thank AI for a 2025 rebound, banks fight to block stablecoin interest yields, and more young people are getting prenups.

25m
Jan 15
Finding work as a young person? In this economy?

The unemployment rate in December among people aged 20 to 24 was 8.2%. That’s up nearly a full percentage point from 2024, and much higher than the overall unemployment rate of 4.4%. The job market is tough, and getting tougher, but why is it particularly hard for Gen Z? Also in this episode: Trump’s focus on Venezuelan crude could redirect Canadian oil, companies use surveillance data for “personalized” pricing, and China’s trade surplus grew by 20% last year, in spite of U.S. tariffs.

26m
Jan 14
It's not just you — food prices rose 2.4% last year

The cost of food consumed at home was up 0.7% month-over-month in December, and 2.4% year-over-year. Go back five years, and grocery prices are up 25%. And like so many things in this economy, the rising cost hurts the poorest Americans most. Also in this episode: Americans carry credit card debt longer than they used to, two ultra-low-cost U.S. airlines make plans to merge, and we get an update from Kansas grain farmers.

25m
Jan 13
The Fed under attack

The Department of Justice has opened an investigation into the Federal Reserve and Chair Jerome Powell, a move Powell has since called "an unprecedented action [that] should be seen in the broader context of the [Trump] administration's threats and ongoing pressure" to lower interest rates. We take a closer look at what’s happening from inside the Fed, and look at the implications for the economy as a whole. 

25m
Jan 12
The weak spot in this job market

The rate of jobless Americans who’ve been out of work for over 27 weeks — also known as “long-term unemployed” — hit 26% in December, according to the latest jobs report. That’s the highest it’s been since February 2022. In this episode, why the rate is rising and what it says about the broader economy. Plus: Businesses curb 2026 growth plans, a farmer discusses AI in agriculture, and we check in with an Asheville, North Carolina, tea company over a year since Hurricane Helene.

26m
Jan 09
Productivity climbs — without hiring to match

Labor economists will tell ya, productivity growth leads to more hiring. The idea is, once a company is operating more efficiently, they’ll try expanding, which usually comes with new jobs. But in this frustrating and bizarre economy, data show major productivity gains and a stagnant labor market … coexisting? Also in this episode: New York City expands a free child care program, one reporter tries to do the job(s) of the federal government, and economists expect a less-grim December jobs report.

25m
Jan 08
Labor market anxieties grow

The job market has been steadily losing steam and workers have noticed. Though the unemployment rate remains fairly low, some groups are experiencing heightened job-finding trouble, and overall employment sentiment is falling. In this episode, are job market worriers paranoid or prophetic? Plus: Nvidia CEO announces new AI chips won’t require as-expensive cooling systems, car sales were up in 2025, and economists study why new tariffs haven't dinged the economy much — yet.

26m
Jan 07
Corporations expected to take on record debt in 2026

This year, amid ongoing economic uncertainty, corporations are expected to refinance old debt, invest in artificial intelligence, and prep for mergers and acquisitions. All of which require extra cash. And how do corporations stretch their budgets? By taking on more debt, of course. Later in this episode: An Altadena small business owner struggles to rebuild after the LA fires, Texas pitmasters weigh rising brisket prices, and Costco converts wine snobs.

25m
Jan 06
Markets shrug off U.S. capture of Maduro

Disruptive geopolitical events often push investors to jump into bonds or sell off stocks temporarily. But when the U.S. military captured Venezuelan leader Nicolás Maduro and President Trump declared control over the oil-rich nation, neither of those happened. In this episode, markets are largely unmoved by Trump’s military intervention. Plus: Experts say jobs data is most important for predicting where the economy is headed, and Landon Derentz at the Atlantic Council Global Energy Center gives context to Venezuela’s oil infrastructure.

26m
Jan 05
States tighten SNAP rules in 2026

By the end of the year, at least 18 states will restrict the use of SNAP benefits to purchase “non-nutritious” food and drinks. But the definition of non-nutritious is up to each state. In this episode, the knock-on effects of benefit restrictions, for shoppers and retailers. Plus: Gigantic driverless trucks are poised to transform Minnesota iron mining and a deportation deal between the U.S. and Ghana could deter future emigration from the region.

26m
Jan 02
The year in charitable giving

The winter holiday season is a key time for nonprofit fundraising — an estimated 30% of annual giving happens in December. But in 2025, highly publicized federal cuts resulted in an individual giving boost throughout the year. In this episode, some nonprofits worry demand will soon outgrow those private donations. Plus: Latino immigrants say deportation fears are reminiscent of the Covid-19 lockdown, communities fight to buy back private utilities, and “This Is Uncomfortable” host Reema Khrais gives tips for sticking to financial New Year’s resolutions.

26m
Jan 01
What's next for the job market in 2026

Total jobless claims fell last week, which is the second-lowest reading in the last two years. Experts, though, say it’s likely a seasonal blip — especially since the labor market has been slowing all year. In this episode, what might be ahead in 2026. Plus: Los Angeles expands rent control, influencers change the consumer economy with “shopaganda,” and tribute bands get a moment in the spotlight.

26m
Dec 31, 2025
Good news for prospective homebuyers

Home price growth is cooling, new reports show. Though homeowners may be struggling to sell at asking price, it is good news for prospective buyers. Especially those who’ve been waiting on the sidelines for a good deal. But, as with most housing issues, the slowdown is regional. Also in this episode: Auto sales were strong in 2025, Gen Zers see cash in a new light, and an unlikely government funds a U.S.-based GED program for Mexican immigrants.

26m
Dec 30, 2025
A glimmer of hope for the housing market

The housing market is showing modest improvement, with pending home sales rising over 3% in November and prices growing just 1.2% year over year. Rising inventory and falling mortgage rates mean affordability is improving, though rates likely need to dip below 6% for demand to really pick up. Also in this episode: The 2026 outlook for oil prices and production, a look at which states are getting a minimum wage increase, and what's going on with AI travel influencers.

26m
Dec 29, 2025
'Tis the season of holiday bonuses ... for some

The number of workers recieving end-of-year bonuses is falling. Some of that has to do with shifting workplace norms and some is related to this tight labor market in which employees stay in jobs without extra perks. In this episode, the state of the holiday bonus. Plus: The history of Play-Doh, the year in anime, and a recap of the week’s economic headlines.

25m
Dec 26, 2025
The weather outside is frightful (so's the heating bill)

The average cost of heating is expected to jump more than 9% this winter, according to projections from the National Energy Assistance Directors Association. In this episode, why energy bills are up — for home heating home cooling. Plus: Productivity measurements don’t match up to our service-based economy, Americans invest in U.K. soccer teams, and a growing sector provides training and staffing to AI startups. 

26m
Dec 25, 2025
The job market won't start fresh in 2026

The labor market has been tightening all year, and Americans have grown increasingly anxious about their ability to find new jobs. A bit of good news? New unemployment claims fell last week. But that isn’t likely to signal a full job market turnaround in the new year. Plus: AI investment hasn’t slowed under Trump’s tariffs, a TikTok creator shares “recession recipes,” and we learn about the history of Legos.

25m
Dec 24, 2025