Would Trump's executive order make better, cheaper health care? Only kind of

Oct 12, 2017

Today, when the president signed an executive order expanding coverage options outside of the Obamacare marketplaces, he promised that the order would create more insurance options at "lower prices, and for millions of Americans."  

Hungry and broke? We've got a cookbook for you, millennials

Oct 12, 2017

There are a whole lot of people out there entering grown-up-hood without having ever learned their way around a kitchen. Enter the new cookbook, "Hot Mess Kitchen: Recipes for Your Delicious Disastrous Life," where authors Miranda Berman and Gabi Moskowitz set out to turn hesitant millennials into home chefs.

(Markets Edition) We may get a new Federal Reserve chair soon, according to Treasury Secretary Steve Mnuchin. Not on the shortlist: current chair Janet Yellen. Diane Swonk, CEO of DS Economics in Chicago, joined us to discuss who the final contenders are and how the markets might react if they're chosen. Afterwards, we'l look at how two retail workers on opposite sides of the country are coping with America's retail crisis. 

The Latest: Trump signs health care order

Oct 12, 2017

WASHINGTON (AP) — The Latest on President Donald Trump's executive order on health care (all times local):

12 p.m.

President Donald Trump predicts "millions and millions of people'' will benefit from his action to unwind the health care law.

He's signed an executive order to make lower-premium plans more widely available.

As President Donald Trump and congressional Republicans try to push forward on tax reform, tax preparation companies are angling for an opportunity to keep the government out – permanently out – of their tax preparation business.

This would keep the privatized U.S. system different from most others. Many governments help citizens do their taxes electronically, often for free. Agencies have people’s salary and tax data on file, so they simply pre-populate electronic tax forms. That could work in the U.S. s as well, proponents argue.

Wildfires raging across wine country in Northern California left 23 people dead, according to state officials, and at least 60,000 people evacuated from their homes. The 22 separate fires destroyed more than 3,500 homes and commercial buildings across Napa and Sonoma Counties, with the city of Santa Rosa especially hard-hit, and Calistoga newly threatened as dry winds strengthened again midweek.

As residents have begun to assess the damage in burned areas, most will be looking to homeowner’s insurance to rebuild.

Millions of Americans still unaware of the Equifax data hack

Oct 12, 2017

A week into September, credit-rating agency Equifax announced that its computer system was hacked from mid-May through July 2017. Personal information such as Social Security numbers, birth dates and addresses belonging to as many as 145.5 million U.S. consumers were compromised. That’s about 45 percent of the U.S. population.

The IMF meets in Washington this week

Oct 12, 2017

The IMF meets all this week in Washington. The meeting opens with global economic growth projections better than expected — 3.6 percent this year. But the growth can be uneven globally. 

Click the audio player above to hear the full story.

It's hard being a retail worker in this economy

Oct 12, 2017

Fair warning: you might leave Trina Traylor’s section at Macy’s smelling like a flower shop.

“You know the lady that’s following you around, trying to spray you with the perfume?” she said. “That's me.”

Traylor, 52, is a freelance fragrance specialist at a Macy’s store in Los Angeles.

She started working at Macy’s in 1994, when her daughter, Elyse, was four. Now, she’s 28, and they still live together.

“She pays half of the bills,” Traylor said. “She knows that if she moves out, her mom will be homeless.”

(U.S. Edition) President Trump is expected to sign an executive order that would make it easier for Americans to buy basic insurance plans, but potentially make things harder for those with pre-existing conditions. On today's show, we'll look at how the insurance market will react to the uncertainty shrouding the future of health care. Afterwards, we'll discuss the International Monetary Fund's projections for global economic growth. It's expected to grow at an overall rate of 3.6 percent this year — but that growth doesn't apply to every country.

10/12/2017: Samsung's 'Crown Prince' back in court

Oct 12, 2017

(Global Edition) From the BBC’s World Service …  Jay Y. Lee, the de facto head of the Samsung empire, has appeared in a South Korean court to appeal a five-year jail sentence for corruption. We look inside a scandal that brought down the country’s president. Also, a looming deadline for President Donald Trump to recertify the Iran nuclear deal has sparked speculation that he will pave the way for sanctions to be reimposed. We examine the implications for Europe, Asia and the rest of the global business community.

Complicated passwords aren't going to solve the computer security problem

Oct 12, 2017

We already know that cybersecurity isn't really working. There was the Equifax hack and the Yahoo hack. There was the whole Russian agents stealing NSA secrets and North Korean hackers stealing U.S. and South Korean war plans thing. The problem seems to be getting worse, and we haven't yet figured out a way to stop the bad guys from getting in.

For a decade, journalist Paula Froelich was the deputy editor of the New York Post’s celebrity and gossip section, Page Six. Like many others who have traveled in Hollywood circles, she has a story about the now-infamous media mogul, Harvey Weinstein.

Her story begins in the year 2000, when Froelich attended a party — a party where Weinstein was also a guest.

10/11/2017: The truth about taxes

Oct 11, 2017

The White House made a few statements recently regarding tax cuts and tax rates that could really use some fact-checking. And that's what Marketplace is here for. President Donald Trump tweeted that the massive tax cuts he'd like to see from Congress would cause an already rallying stock market to skyrocket. But historically, the effects of big tax cuts on the stock market have been small, and it has likely gone up  since Trump was elected in anticipation of cuts. Then, Sarah Huckabee Sanders assured the press corps that the U.S.

Updated at 5:22 p.m. ET

President Trump is nominating Kirstjen Nielsen to be the next homeland security secretary, the White House announced Wednesday.

Nielsen would succeed now-White House chief of staff John Kelly in the position if confirmed by the Senate. She currently serves as Kelly's principal deputy chief of staff and was also his chief of staff at the Department of Homeland Security.

In a move that shakes up more than a century of tradition, the Boy Scouts of America announced Wednesday that starting next year, it will welcome girls into some Scouting programs.

Hearst's Joanna Coles: magazines are a finger beckoning to the future

Oct 11, 2017

Hearst Communications is a 130-year-old company best known for its magazines like Cosmo, Elle, and Esquire. A year ago, it appointed Joanna Coles, then the editor-in-chief of Cosmo, as the company's first ever Chief Content Officer. She talked with us about her career in journalism and why she thinks magazines will never go away.

Why there still aren't a lot of black women executives

Oct 11, 2017

We've been reporting this week on a new study from Lean In and McKinsey on women in the workplace that covers 12 million people in America. The study finds that while 47 percent of entry level employees are women, only one-fifth of the chiefs — chief executive, chief financial and so on — are female.

Hearst’s Joanna Coles says magazines are here to stay

Oct 11, 2017

Today’s installment of Corner Office isn't a CEO, but she's plenty powerful and influential all the same. Joanna Coles is the chief content officer for Hearst Magazines: Esquire, Harper's Bazaar, Good Housekeeping are some of the titles you'll know. Coles is fresh off a run as the editor in chief of Cosmopolitan. Kai Ryssdal went to see her in her office when he was in New York a couple of weeks ago. Below is an edited transcript of their conversation. 

Cook County, Illinois, home to Chicago, passed a penny-per-ounce tax on soda late last year. The driving force was raising revenue in a state with deep budget woes. But legal challenges delayed the tax going into effect, and a strong campaign from the beverage industry has soured public opinion on the measure. It was repealed today, despite strong opposition and spending from outsiders like Michael Bloomberg. It’s the latest win for Big Soda in an international war between that business and public health officials.

(Markets Editon) Fourty-seven percent of entry level employees in America are women, but women make up only one-fifth of chief executives. And black women are especially underrepresented in executive roles. Currently, no black women serve as CEOs at any of the Fortune 500 companies. That doesn't surprise Professor Ella Bell Smith. She joined us today to talk about the various institutional barriers that stand in the way of black women climbing the executive ranks.

Officials in Harris County, Texas  — the greater Houston area — have asked for $17 million from the Federal Emergency Management Agency to buy more than 100 homes determined to be “hopelessly at risk” for future flooding. This comes a little more than a month after Hurricane Harvey.

What’s a kale salad’s best angle? How do you get a napkin to fall just right so that it looks natural in a photo? Prop stylist Robin Zachary has got you covered. What’s the best way to capture exactly how refreshing your iced coffee is? Just ask food photographer Sarah E. Crowder.

10/11/2017: So, where are we at with NAFTA?

Oct 11, 2017

(U.S. Edition) The fourth round of NAFTA negotiation talks begin today in Arlington, Virginia. President Trump recently reiterated threats to pull out of the deal, just as Canadian Prime Minister Justin Trudeau was on his way to D.C. to meet with him. This round of talks is set to be the most contentious yet, which has some in Washington wondering if NAFTA could really end. Also on this episode: Most of the time banking is a boring industry, but right now big banks are excited about raking in record profits.  Most analysts are expecting profits of more than $21 billion.

Machines are getting stronger and smarter. They may soon be our competitors and colleagues in the workforce. What would happen if we used them to enhance our own brains? Marketplace Tech host Molly Wood talks with Nick Bostrom, director of the Future of Humanity Institute at the University of Oxford, about what would happen if artificial and human intelligence met.

Environmental Protection Agency Administrator Scott Pruitt is vowing to speed the cleanup of toxic Superfund sites, part of a shift away from climate change and toward what he calls the "basics" of clean air and water. The EPA's Superfund program manages the cleanup of some of the most toxic waste sites. Pruitt says the EPA will soon name a top 10 list of sites to focus on.

One potential site for that list is the Tar Creek Superfund site in far northeast Oklahoma, where a team of agency officials recently visited.

"Schrodinger's declaration of independence" in Spain

Oct 11, 2017

Carles Puigdemont, the president of Catalonia — the region of Spain that voted for independence over a week ago — issued a formal declaration of independence yesterday. But, almost in the same breath, he said he was willing to work with Spain's government on an agreement. This morning, Spain's Prime Minister Mariano Rajoy said he has asked Puigdemont to confirm whether or not he has declared independence.

10/11/2017: Kobe Steel scandal widens in Japan

Oct 11, 2017

(Global edition) From the BBC’s World Service …  First steel, then copper. Now Japanese company Kobe Steel admits it may have fabricated data on iron powder products used to make car gears. The company - and the rest of corporate Japan - is now investigating the issue amid safety fears in the global industrial powerhouse. We look at where the scandal will head next. Also, more bad news from Equifax. The credit reference agency has admitted almost 700,000 customers in the U.K. had their data stolen this summer, close to double its original estimate.

On Thursday, we’ll know how the big banks are doing when earnings reports come out for the third quarter. Most analysts are expecting record profits of more than $21 billion.

Click the audio player above to hear the full story.

The venture capitalists who just gave $110 million to a sock company said that. And that's today's good news.