Marketplace Morning Report

Marketplace

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In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London. 

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894 episodes

The Nasdaq is back, maybe

We talk cooling inflation and producer price index with Diane Swonk of KPMG, then we examine how the Nasdaq appears to have regained some of its footing and returned to a bull market. Grocery prices are rising faster than the cost of eating at a restaurant. The BBC reports on Gambia’s efforts to address the issue of people addresses.

9m
Aug 11
Gas hasn’t been this cheap since March

However, gas prices vary from one state to another … why is that? We try to explain. The BBC reports on basement apartments in South Korea in the wake of record rainfall and flooding. Art critic Blake Gopnik talks about a new exhibit that touches on industry and economics.

8m
Aug 11
River Rhine levels threaten cargo trade

From the BBC World Service: Low water levels on the River Rhine mean vessels are having to limit the load they can carry. Following flooding in Seoul, South Korea, authorities are moving to ban basement apartments. Plus, we hear how disruption to China’s manufacturing hubs is impacting supply chains around the world.

8m
Aug 11
Did inflation just peak? The markets are acting like it.

Susan Schmidt, head of U.S. equities at Exchange Capital Resources, helps us look into fresh data that indicates a cooling economy. Former president Donald Trump is testifying in New York regarding the probe into his business practices. Plus, a closer look at the infrastructure for electric vehicles in Florida.

9m
Aug 10
In the Inflation Reduction Act, an electric vehicle made in America matters

There could be a spoiler in the Inflation Reduction Act’s incentives to get electric vehicles. Disney Plus may have found a way to elude a Netflix-style post-lockdown subscriber scenario. We look into how the timing of review blackmailing scams is affecting targeted restaurants.

8m
Aug 10
Sri Lanka’s electricity prices could soar by as much as 264%

From the BBC World Service: Major electricity price hikes are adding pressure for people in Sri Lanka who are already struggling to afford the basics. The country has seen more anti-government protests amid an ongoing economic crisis. Plus, Germany plans to raise income tax thresholds and child benefits to try to help struggling households. And, how can you get deliveries if you don’t have a formal address? The Gambia in west Africa is rolling out a new digital system.

8m
Aug 10
Numbers say more is less when it comes to U.S. productivity

We try to explain, with some help from Jeffrey Cleveland of Payden & Rygel. The U.S. is sending another $1 billion dollars in military aid to Ukraine. A variety of factors are weakening Russia’s grip on the crypto mining industry.

7m
Aug 09
How funding to address climate change can also help vulnerable communities

Some of the provisions in the Inflation Reduction Act put a focus on how climate change can affect at-risk communities – specifically, environmental inequity. Also, while we might be done with supply chain problems, it appears those problems aren’t done with us.

8m
Aug 09
Heaviest rain in decades in Seoul highlights infrastructure challenges

From the BBC World Service: At least eight people died after torrential downpours in the South Korean capital, with some trapped in subterranean apartments, which are frequently occupied by lower-income households. Plus, fears are growing of a worsening energy crisis in Cuba after vital fuel-storage tanks were destroyed by a fire in the port city of Matanzas. And, fed-up homeowners in China have decided to move into their unfinished tower blocks after developers halted work.

8m
Aug 09
Consumers are saving less but still borrowing, and banks have noticed

Consumers are still spending money and taking out loans, normally good signs for the economy. The catch: They’re saving less, and banks are preparing to deal with more loan delinquency in the coming months as things get more expensive. We take a look at today’s increasingly “weird” economy with Julia Coronado, president and founder of MacroPolicy Perspectives. Chinese exports grew in the past months, according to new data, partly because things are coming back to normal after COVID lockdowns. And, Amazon bought iRobot, the company that makes the Roomba line of robotic vacuums, to boost its smart home offerings.

9m
Aug 08
Senate Democrats passed their spending bill. What didn’t make the final cut?

Democrats passed their marquee climate and spending package late yesterday, a victory for the Biden administration as it seeks to reinvigorate its domestic agenda. We look at what provisions didn’t make the final cut, including a proposal to close the so-called “carried-interest tax loophole.” A new study finds that children with friends of different income levels saw a notable reduction in poverty rates later in life. Also, new data on worker productivity is due out tomorrow, and it may show continued declines because of the pandemic.

7m
Aug 08
Kenya’s Presidential election features talk of dynasties, hustlers and the rising cost of living

From the BBC World Service: Whoever wins in Kenya will take on economic challenges including record inflation, drought and mounting national debt. Plus, Colombia’s new president, Gustavo Petro, pledges a raft of reforms and says he wants to reduce Colombia’s reliance on coal. It’s one of the largest exporters in the world. And, the stress, hunger and poverty facing people in Afghanistan, as foreign funds that once paid for its public health system have been frozen since the Taliban seized power.

8m
Aug 08
Holy hiring! U.S. economy adds 528,000 jobs in July

The U.S. economy added 528,000 jobs in July, according to the latest jobs report, far outpacing expectations. We dig into what that means amid high inflation and whether this dampens fears of a recession. More on the reasons why the labor market will likely stay hot for the foreseeable future, including Baby Boomer retirements and declining immigration. Also, China has imposed sanctions on House Speaker Nancy Pelosi after her visit to Taiwan.

9m
Aug 05
The CHIPS Act isn’t just about semiconductors. It also funds science.

The CHIPS and Science Act puts aside tens of billions of dollars in funding for the National Science Foundation, the nation’s government research agency. We talked to the NSF’s director, Sethuraman Panchanathan, about what the money means and how it would contribute to American scientific advancement in coming years. Democratic Senator Kyrsten Sinema of Arizona, a key swing vote in the party, announced yesterday that she would support the party’s “Inflation Reduction Act” tax and climate bill. A class-action lawsuit has been filed against Equifax, which acknowledged that some users’ credit scores were miscalculated due to a “coding issue.”

8m
Aug 05
China plans sanctions on Nancy Pelosi and her family after Taiwan visit

From the BBC World Service: The Chinese Foreign Ministry described Speaker Pelosi’s visit to Taiwan as an “egregious provocation” and that it ignored China’s “serious concerns”. Plus, three more grain ships have sailed from Ukraine, bound for Turkey, Ireland and the U.K. Also, medical recruitment is a global challenge for hospitals.

7m
Aug 05
The labor market may be cooling off, just a little bit

The Bureau of Labor Statistics’ JOLTS report is out, and it indicates that the labor market may be in the early stages of cooling off. We talk about what the report means, and if businesses are feeling less hiring pressure. The Bank of England raised rates today in its biggest increase since 1995. And, horses are back working in French wine country, bucking their mechanical tractor counterparts.

7m
Aug 04
Senate Democrats’ spending bill is raising corporate tax questions

Senate Democrats are working out the details of their latest spending bill, dubbed the “Inflation Reduction Act.” We go over what’s been going on with the bill, and some contentious corporate tax proposals. Tensions between Taiwan and China are starting to disrupt commerce and some flights. The Department of Transportation is beginning to take comments on a potential move to boost protections for airline passengers seeking refunds for tickets.

7m
Aug 04
How are American businesses feeling about operating in Taiwan?

From the BBC World Service: We hear from the President of the American Chamber of Commerce in Taiwan, an organization with more than 500 member firms there. Plus, the Bank of England is expected to make its biggest interest rates rise in 27 years. And, with fears of gas shortages intensifying in Germany, businesses are preparing for what could be a tough winter ahead.

8m
Aug 04
Pelosi visits Taiwan, leaves behind plenty of economic questions

China correspondent Jennifer Pak joins us to discuss the economic implications of House Speaker Nancy Pelosi’s visit to Taiwan. The rate of people who don’t have health coverage in the U.S. has lowered. The surge of warehouse building raises concerns about the environment.

7m
Aug 03
China’s pressure on Taiwan could have uneven impact across industries there

From the BBC World Service: Taiwan’s President Tsai highlighted a growing military threat from China, the economic reality of the highest-profile U.S. visit in 25 years. Plus, inspections on the first grain ship to leave Ukraine since the war broke out have been completed in waters off Istanbul. And, farmers say Dutch government proposals to reduce nitrogen emissions in the sector by 30% are unrealistic and unfair.

8m
Aug 03
Senate passes bill to boost health benefits for veterans

The bill especially helps Iraq and Afghanistan war veterans exposed to toxic burn pits. Questions are swirling around schools’ use of tracking software on student laptops. A study finds that low-income people suffer the most when it comes to the effects of wildfires.

7m
Aug 03
When supply chain problems are good for profit

Global shipping giant Maersk offers up a snapshot of the state of the supply chain. Larry Adam at Raymond James co-pilots today’s discussion about market activity. A study reveals that in the face of rising costs, there’s no place like home for younger people.

6m
Aug 02
Record gas prices pump in record profits

BP raked in $8.5 billion in profits in the three months ending in June, and you can add that figure to the mountain of profits from other Western oil and gas companies. The position of substitute teacher has grown in prominence. High-tech companies in the U.S. are investing in China, and that raises a lot of questions.

7m
Aug 02
What could a Nancy Pelosi visit mean for Taiwan’s economy?

From the BBC World Service: China has already warned of “disastrous consequences” if the U.S. House Speaker visits the island. Even the possibility of the trip has sent geopolitical tensions soaring between the U.S. and China. And geopolitical tensions can quickly spill over into economic ones for Taiwan, which is home to one of the world’s main semiconductor chip makers. Plus, the people making a living from selling waste from a landfill in Argentina.

8m
Aug 02
Some investors are suddenly optimistic

Julia Coronado joins us to discuss the markets, which reflected a short burst of positivity as July concluded. But, while corporations are feeling better about the economy’s future, lower-income consumers are not. Plus, the Biden administration has launched an online heat check in response to the summer’s extreme temperatures.

7m
Aug 01
Getting a read on how the Biden administration views antitrust issues

The trial over the proposed merger of two massive book publishing companies tells us something about how the Biden administration could enforce antitrust in the future. The head of the Pacific Institute clues us in about the role of business in the world’s water security situation.

7m
Aug 01
A grain ship finally sets sail from Ukraine to Lebanon

From the BBC World Service: It’s hoped to be the first of many commercial sailings and is expected to arrive in Lebanon’s Tripoli Port in around six days. That’s because the Lebanese port of Beirut is largely not operating following a deadly explosion in 2020. Plus: China, South Korea, Taiwan and Japan have reported manufacturing slowdowns. And, previous success for Germany’s women’s soccer team hasn’t always translated into more support or money for the sport.

7m
Aug 01
The latest inflation numbers show more pain for consumers

The Federal Reserve’s preferred gauge for inflation went up 6.8% in the year that ended in June, reaching yet another 40-year high. It’s difficult to say, then, that we’ve hit peak inflation, and that’s stretching consumers even thinner, says Christopher Low, chief economist at FHN Financial. A look at what’s in the CHIPS Act, the semiconductor-boosting bill that’s expected to be signed into law soon. And we talked to APM Reports about their recent investigation into allegations against a popular COVID testing company.

7m
Jul 29
Sen. Joe Manchin announces support for Democrats’ climate package

West Virginia Democratic Sen. Joe Manchin has announced his support for a sweeping $430 billion dollar package in the Senate that aims to address climate change and health care. We delve into what’s in the bill and what Manchin’s support means for its prospects in Congress. Plus, a look into Amazon’s latest company results and what they mean for the retail sector. And China is reportedly considering a relief fund for embattled property developers.

7m
Jul 29
U.K. says Russia is paying mercenaries in its war in Ukraine

From the BBC World Service: Britain’s defense secretary, Ben Wallace, says a private Russian military company called the Wagner Group has likely been tapped to send troops to the frontlines in Ukraine. Also, the Eurozone reported stronger-than-expected economic growth. Plus, a ship carrying grain from Ukraine is expected to depart Odesa for the first time since the war began. And, you’ve probably heard the phrase “paperless office”, but what about the idea of de-printing and reusing the same paper again?

9m
Jul 29