Marketplace

Monday - Friday 6:30 p.m.

Marketplace is produced and distributed by American Public Media (APM), in association with the University of Southern California. The Marketplace portfolio of programs includes Marketplace with Kai Ryssdal, Marketplace Morning Report with David Brancaccio, Marketplace Weekend with Lizzie O’Leary, and Marketplace Tech with Ben Johnson. Marketplace programs are currently broadcast by nearly 800 public radio stations nationwide across the United States and are heard by more than 12 million weekly listeners. This makes the Marketplace portfolio the most widely heard business or economic programming in the country--on radio or television. The programs 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.

Marketplace is produced and distributed by American Public Media (APM), in association with the University of Southern California.

Doing the math on back-to-school tax breaks

Aug 18, 2017

Last week on the show, we talked a lot about the costs associated with school: the cost of sending kids back to school, the cost of teacher supplies and the cost of a poor education.

The cargo shipping industry is turning things around

Aug 18, 2017

After the Great Recession, the cargo shipping industry overestimated how fast the consumer economy would bounce back. It’s been a tough few years, with empty space on many cargo ships that carry furniture, clothes and office supplies — pretty much all the stuff Americans buy in stories. But now, old ships are getting replaced with a fewer number of new, bigger vessels, owned by fewer companies. All that efficiency has freight rates climbing.

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China’s government today unveiled new rules for overseas investments by Chinese businesses. The rules discourage companies from what are called "irrational" acquisitions of assets in industries ranging from real estate to hotels and entertainment.  In recent years, China has invested heavily in the U.S. What will the new rules mean for U.S. businesses?

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Rachel Abrams of The New York Times and Cardiff Garcia of FT Alphaville join us to discuss the week's business and economics news. On Friday, Stephen Bannon was pushed out of his role as chief strategist to president Donald Trump. We discuss what the move can mean for the markets. Also, we recap Trump’s stance on the violence in Charlottesville. With Trump alienating corporate America and Republicans admonishing him, can the White House withstand the latest political whiplash thrown its way?

Greenbelt, Maryland, can't hide its town pride

Aug 18, 2017

The U.S. government tried a different approach to public housing during the great depression by creating entire towns that were federally planned and subsidized. The idea was to build communities where poor Americans and displaced farmers could work. Only three of these "greenbelt towns" were built before the project ended. But those three towns still stand today as a reminder of the New Deal's history.

Having a diverse workplace is a worthy investment

Aug 18, 2017

It may feel like the topic of diversity in the workplace pops up all the time. So many industries seem to struggle with it — Hollywood, media, Silicon Valley.

Can HR tell you what not to do and say outside of the office?

Aug 18, 2017

Last weekend's white nationalist rally in Charlottesville, Virginia has inspired an ongoing discussion about public hate speech and rallying as they relate to employment.

In the aftermath of the rally, several people have been identified on social media using photos taken of them carrying Nazi flags and other white supremacist paraphernalia. In the age of social media, the process of identifying people and tracking down their workplaces was speedy, and in the days after the rally, some people lost their jobs.

08/18/2017: Globalization might be getting too much blame

Aug 18, 2017

Market players are concerned that President Trump's senior economic adviser, Gary Cohn, might resign over his disappointment with Trump's comments on the Charlottesville protests. But he's the one figure in the administration who gives Wall Street the most comfort, and he could become the next Fed Chair. On today's show, economist Christopher Low joins us to talk about the qualities someone should have to take on the most powerful economic policy position in the U.S.

President Trump pledged sweeping political and economic changes during the campaign. We have no idea if Trump can deliver on those promises, but we can explore what it’s going to take for him to try. It’s all in our series The Big Promise.

Rhonda Glover is between jobs as a home health care aide. For weeks, she’s been talking with different companies. Usually things are going well, she said, until the interviewer asks how will she get to work.

Estee Lauder, meet Kylie Jenner

Aug 18, 2017

Estee Lauder announced earnings this morning. The cosmetics company beat estimates, reporting net income of $229 million, up from $94 million for the same period last year. Net sales rose 11 percent in the fourth quarter. Behind the numbers is the reality that established beauty brands like Estee are facing big challenges from beauty startups like Kylie Jenner's Kylie Cosmetics.

 

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In the week since a white supremacist rally in Charlottesville lead to deadly violence, some of the participants have been outed online and even fired from their jobs. Now, more protests and counter protests are springing up around the country. While the first amendment protects speech — including hate speech, the freedom to express your views and not run afoul of your employer can depend on where you live and who you work for. 

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Is globalization in decline?

Aug 18, 2017

The idea of more open, global trade has been sold as necessary for economic success. Yet today we hear calls to "build a wall" and to break up trading partnerships. Turns out we've seen the pendulum swing between free trade and protectionism many times before. Our series Trade Off looks at key moments when trade barriers have been built up or torn down and at globalization's winners and losers. 

Markets are down in Europe today, after they dropped by more than 1 percent in the U.S. We'll discuss what's contributing to the ongoing downturn. Afterwards, we'll take a look at globalization through the lens of the "elephant chart," a creation from former World Bank economist Branko Milanovic that explains who the winners and losers of this phenomenon are. 

A wave of tech companies have condemned white supremacist organizations and websites, like the Daily Stormer. But will their online presence eventually fade away, or just find another outlet? It turns out that the Daily Stormer has moved its operations to what's called the Dark Web. Nicolas Christin, an associate research professor at Carnegie Mellon University, joined us to discuss whether sites like these will be able to thrive on the Dark Web. Plus: We play this week's Silicon Tally with Doree Shafrir, a senior tech writer at Buzzfeed and author of the book "Startup: A Novel." 

Despite a growing fossil fuel export business, the U.S. economy has actually seen its emissions of carbon dioxide fall the last two decades. A new analysis lists the specific reasons, and there are many: more natural gas burned instead of coal, more wind and solar power, more efficient factories and cars. But tomorrow's path to lowering emissions may look very different as new technologies come online and more things run on green electricity.

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Changes at the top for Wells Fargo

Aug 17, 2017

Scandal-besieged Wells Fargo seems to be cleaning up its act. It's replacing three of 15 board members, including the chairman. Stephen Sanger will step down at the end of the year and current Vice Chair Elizabeth Duke will take his place. Is this a real change for the bank?

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Are we at economic war with China?

Aug 17, 2017

Déjà vu all over again? A Trump administration official has called a reporter up and had a very candid, shall we say, colorful conversation, which he maybe did, maybe didn't think was on the record. This time, the official was White House chief strategist Steve Bannon who said: "We're at economic war with China." Bannon said he thinks the U.S. is losing. How much truth is there in that? How are economic relations between the U.S. and China?

At his Tuesday press conference in New York, during which he discussed the recent violence in Charlottesville, Virginia, President Trump spoke about his theory on how to overcome America's racial divides. He said, "We have many companies, I say pouring back into the country. I think that's going to have a huge, positive impact on race relations. You know why? It's jobs. What people want now, they want jobs. They want great jobs with good pay and, when they have that, you watch how race relations will be."

Women CEOs outperform men, so why aren't companies giving them the top job?

Aug 17, 2017

When you look at the largest companies in the country, few of them have female CEOs or even female board members. Some high-profile female CEOs have been forced out of their jobs recently. Yet, companies led by women tend to have better returns than those that aren't. So what gives?

08/17/2017: The tale of the vanishing businessmen

Aug 17, 2017

After CEOs started abandoning ship from President Trump's business advisory groups, he just decided to...dissolve a couple of them. On today's show, we'll look at whether these councils could've actually accomplished anything, and if the CEOs of these big companies have lost an important communication link to the White House. Afterwards, we'll talk about how businesses are processing the uncertainty happening in Washington, D.C., and then discuss the effects of the upcoming solar eclipse on solar power. 

Earlier this month, Google fired an engineer, claiming that he violated the company’s code of conduct and created a hostile work environment when he wrote and shared what is by now an infamous memo alleging that the underrepresentation of women in tech was not due to sexism but because of biological differences. Google, however, is not the only company dealing with a hostile or threatening social environment at work, according to RAND, a nonprofit think tank.

Some new research out today by the Wells Fargo Investment Institute points to some significant differences in investment behavior between generations. For Gen Xers and millennials, the looming specter of the financial crisis is causing them to be more conservative with their portfolios.

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Walmart vs. Amazon: Which will win the retail wars?

Aug 17, 2017

Walmart and Amazon represent two sides of the U.S. economy locked in a bitter feud — brick-and-mortar stores versus online retail. We think of Amazon as the upstart in all of this and Walmart as the stalwart, but there are signs that might be changing.

With the acquisitions Walmart is making, who's the real threat to whom in this retail tussle? 

Josh Brown, the CEO of Ritholtz Wealth Management, joined us to talk about both of the companies' strategies and which company could pull ahead. Below is an edited transcript. 

Two of the world's biggest tech companies, Alibaba and Tencent, are from China. With both having either recently released their quarterly earnings or preparing to, we'll take a look at how they're trying to expand their growth. Afterwards, we'll chat with Rashad Robinson, executive director at Color of Change, about the action that tech groups should take when their users include white supremacist groups.

Should companies turn away white supremacist users?

Aug 17, 2017

Since the events in Charlottesville this past weekend, companies have been making a point to say they will not support white supremacists on their platforms. Airbnb was ahead of most when it kicked off customers who were renting in the area to attend the rally.

08/17/2017: Hate groups run into a payments problem

Aug 17, 2017

Discover Financial Services is ending merchant agreements with what it deems as hate groups, while Visa and Mastercard are taking a similar stand. On today's show, we'll take a look at how big of a step this is toward limiting funding for hate groups. Afterwards, we'll discuss Steve Bannon's interview with Prospect Magazine, in which he said the U.S. is fighting an "economic war" with China. Then we'll talk about the ongoing rivalry between Walmart and Amazon, which represents two sides of the U.S. economy: brick-and-mortar versus online sales.

Three big words in tech news today: original video content. Apple is reportedly making a big push into the business with a $1 billion plan to stream its own shows on its Apple TV and Apple Music platforms. The tech giant joins an increasingly crowded field, competing with the likes of Netflix, Amazon and Hulu, not to mention traditional cable channels like HBO.

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Do viewers want film and TV to directly confront racism?

Aug 16, 2017

The violence in Charlottesville, Virginia, this past weekend and the president's many responses have brought a whole bunch of things in this society and this economy to the surface. One of the big things is America's issues with race and racism. That can be troubling to think about and sometimes hard to talk about, but it doesn't mean it's not an important conversation that's impacting our culture.

President Trump’s main council of top corporate executives fell apart today following Trump's remarks that the violence at a rally of white supremacists in Charlottesville, Virgina, was perpetrated by many sides. A wave of resignations from the president's American Manufacturing Council started Monday and continued this morning, until Trump abruptly disbanded it and another group with this tweet: 

Update, 8/16/17: President Trump disbanded both his manufacturing council and his Strategy and Policy Forum in a tweet Wednesday morning. Several more CEOs left the council before and after. The updated story is below.

At a White House event on Monday, President Trump explicitly condemned white supremacists and neo-Nazis after facing increasing pressure to rebuke the hate groups responsible for the outbreak of violence in Charlottesville, Virginia, over the weekend. 

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