National/International

U.S. considering action against China over trade

Aug 2, 2017

The White House is planning to investigate China for unfair trade practices — specifically over intellectual property, or IP. U.S. companies that want to do business in China often have to turn over their IP in order to do so — plans, blueprints and technical specifications. The longstanding allegation is that Chinese companies then steal that IP and use it to make their own, cheaper, knockoff products. Pushing back on this has been a priority of corporate America for years but President Trump seems to be planning a different kind of response.

While the Dow spikes, the dollar falls

Aug 2, 2017

The Dow Jones Industrial Average hit 22,000 for the first time today, thanks in part to strong corporate profits. But while all eyes are on the Dow, less attention is being paid to another measure of the U.S. economy: the strength of the dollar. The greenback has dropped 10 percent since January. Why? And what impact does that have on the economy?

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Republican Sen. Lamar Alexander of Tennessee is promising bipartisan hearings after Labor Day to see if Congress can't come to some kind of agreement on how to stabilize the individual health insurance market. That's the market most affected by the Affordable Care Act and, not coincidentally, it's caught in the political crosshairs of congressional Republicans who want to get rid of it. Health insurance companies along with people in the individual market are thus in economic limbo, waiting to see what will happen to health care.

Being 'endlessly sorry' may not put an end to VW's emissions scam troubles

Aug 2, 2017

Volkswagen’s CEO Martin Winterkorn has said he's ‘endlessly sorry’ that his company rigged the pollution control systems of millions of its diesel cars to show bogus emission levels during tests.

The company's US business chief, Michael Horn, admits VW "totally screwed up" and dramatically mislead the public and regulators. “Our company was dishonest with the EPA, and the California Air Resources Board and with all of you," Horn said at an auto industry event in New York.

Boingo's CEO figured out how to monetize "free" Wi-Fi

Aug 2, 2017

Current attitudes about Wi-Fi — that it should be free and abundantly available — could have created a problem for the CEO of a company that sells Wi-Fi — like say, David Hagan, head of Boingo. The company may still be best known for the Wi-Fi services it provides in airports, but there's a good chance that if you've gone to a concert venue or sports stadium recently, Boingo is the company making sure you're able to quickly post all those selfies to social media.

08/02/2017: The Dow is not the economy

Aug 2, 2017

... And the economy isn't the Dow Jones Industrial Average. It's worth repeating today, when the Dow closed above 22,000 and President Trump is touting the record as a big economic win. We'll just note that stocks aren't even the right market to be watching; the dollar is tumbling. Then: Chaos continued in Venezuela today with confirmation that voting machines had been tampered with before last weekend's election. The U.S. is threatening more sanctions, but they could lead to unintended consequences. Plus: Most people expect public Wi-Fi to be free. So how do you make money providing it?

How the Boingo CEO gives you free Wi-Fi and makes money

Aug 2, 2017

When David Hagan started at Boingo in 2001, the iPhone didn't exist, laptops didn't come with Wi-Fi chips and Boingo's airport Wi-Fi subscription fee was $74.95 a month. Today, the Wi-Fi company's networks are used by more than a billion people, and those users almost always expect that service to be free. Hagan talked to Marketplace host Kai Ryssdal about how Boingo figured out how to make money from free Wi-Fi, how the iPhone changed the industry and what he means when he says technology of the future will be "distributed within us."

08/02/2017: Generic drugs may be getting harder to find

Aug 2, 2017

In early trading, the Dow Jones crossed 22,000 for the first time. Despite all of the negative headlines coming out of Washington, the stock market continues to perform well. Susan Schmidt from Westwood explains what's fueling investors' optimism. Afterwards, we'll look at why pharmaceutical companies are starting to abandon generic drugs.

The Senate has easily confirmed Christopher Wray to be the next FBI director, a position he assumes after former Director James Comey was ousted by President Trump in May.

The 50-year-old former Justice Department lawyer was approved by a 92-5 vote.

Wray was Trump's choice to lead the FBI after he decided to fire Comey — a controversial decision that led to the appointment of special counsel Robert Mueller to take over the bureau's investigation into Russian interference in last year's elections and possible collusion between top aides to the Trump campaign and Russia.

The e-marketing website Groupon has announced it’s partnering with food delivery service Grubhub. The move means it can now target deals to a whole new customer base. What will this mean for the quickly growing food delivery industry?

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Why pharma companies are bowing out of generics

Aug 2, 2017

Nearly nine out of every 10 prescriptions filled is for a generic medication. And while there’s plenty to admire about our generic system, cracks are beginning to show. There’s growing evidence these affordable drugs may become more expensive and harder to get.

Guy VanderLek has taken one 100 milligram dose a day of atenolol, a generic beta blocker for high blood pressure, for 10 years. This June, he went to his usual pharmacy and it had run out. He tried another one; it had also run out.

Some restaurants owners have argued that raising the minimum wage may force them to close, or cut staff. Now a new study suggests that this only really happens to restaurants with lower customer satisfaction ratings as measured by Yelp.

08/02/2017: The Yelp-minimum wage connection

Aug 2, 2017

While U.S. Senators are piling out of Washington for their postponed summer recess, there's still work to be done for some Capitol Hill staffers on tax reform. On today's show, we'll take a look at some of the numbers that could be tossed around. Afterwards, we'll discuss reports that the Trump administration may sue some colleges and universities over what they see as "reverse discrimination." Then, we'll look at how Yelp ratings may predict how a restaurant does after it undergoes a minimum wage increase.

The Tenth Muse: Judith Jones celebrates a life in food

Aug 2, 2017

The power behind a great book isn't solely with its author; great books have great editors. In the early 1960s, Judith Jones wasn't even working in the world of food writing when she happened across a book proposal from Julia Child. Child's book had been refused by other publishers, but Jones saw something very special in it. That book, Mastering the Art of French Cooking, went on to become essential reading for cooks all over the world.

Behind the cookbook: the art of editing with Judith Jones

Aug 2, 2017

Judith Jones is the cookbook editor's editor. Jones was instrumental in discovering and publishing Julia Child's first book, Mastering the Art of French Cooking, more than 50 years ago. In the process, she changed the American cookbook forever. The cookbook authors with whom Jones worked have become a who's who of the food world. In April 2006, Judith Jones talked with Lynne Rossetto Kasper about the collaborative process of crafting beautiful, engaging cookbooks. [Ed.

08/02/2017: Bitcoin spawns a new currency

Aug 2, 2017

Congress has wanted company executives to testify about net neutrality, but but they're just not that interested. What's going on? Recode senior editor Tony Romm stopped by to chat wit us about the fear companies on both sides of the issue have. Afterwards, we'll look at the increasingly long transaction times for Bitcoin transfers — an issue that a group of techies tried to solve yesterday by splitting the currency in half. The New York Times' Nathaniel Popper explains what this means for companies that use the currency.

 

Forget the seven deadly sins. In the universe of President Donald Trump, there is but a single deed more grievous than all the others.

It’s leaking.

Talking out of school — so to speak — is strictly verboten within the Trump inner circle. But it keeps happening.

This time, it was a talk by Jared Kushner, the president’s son-in-law and one of his top advisers at the White House. Kushner was speaking to a group of congressional interns on Monday. They were told not to record the Q&A with the president's son-in-law.

We love music here at The World, and we love to share our latest favorites with you. From a feminist and rebel in Buenos Aries to a Latin-funk act in Austin, give a listen to some of what we loved in July.

Korea's G-Dragon is on tour, but not for long

Korean pop star G-Dragon is drawing big crowds in the US. But he may not be on the scene for long. He's about to start his compulsory military service in Korea.

First, there was a scandal over millions of fake Wells Fargo accounts that broke last year. Then, accusations of changes to mortgages without notifying customers. Now, Wells Fargo faces a class-action lawsuit over selling car insurance policies to hundreds of thousands of customers who did not need it from 2012 to 2017. All this could add up to steep fines, or even mandated changes from federal regulators. And it certainly doesn’t help a bank that’s already lost customers and institutional clients over the scandals it already faced.

There's something of a disconnect happening between what's known as the private market — what companies are worth before they go public — and what those companies are worth once they have their initial public offering.

Examples A and B today are the meal kit delivery service Blue Apron and Spap of Snapchat fame. The companies’ stocks haven’t been the sure bets a lot of investors had been hoping.

Detroit carmakers cut production amid sales slump

Aug 1, 2017

July sales are down across the board for the Detroit Three automakers, 15.5 percent for GM, 10 percent for Chrysler and 7.5 percent for Ford. That makes seven straight months of declines for the U.S. auto industry at large. Now, considering the last two years basically broke every kind of sales record in the books, 2017 sales are still shaping up to reach fairly respectable levels, historically speaking. 

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You don't need to be a college grad to work in tech

Aug 1, 2017

The technology industry has a lot of jobs to fill. IBM's solution to that problem has been to change where it recruits. The company has a program called New Collar that focuses on getting more employees without four-year college degrees. Sam Ladah, a vice president for human resources at IBM, talkes to host Kai Ryssdal about the company's special hiring push. The following is an edited transcript of their conversation.

Kai Ryssdal: Who are the people who were applying for these New Collar jobs? 

Keep an eye on bonds, not the stock market

Aug 1, 2017

Alan Greenspan is warning in an interview with Bloomberg that we are in a bubble, a bond market bubble. The former Fed Chairman is concerned that inflation might surprise us and bond prices might fall sharply at some point in the near future. Here’s why that would be a disruptive thing.

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A job isn’t always just a job – sometimes it is a way of life. This story is part of a series exploring what it means when jobs define several generations and are part of the very fabric of a community.

Fewer Americans are waking up before dawn, putting on camouflage and toting a rifle into the woods. Young people, especially, are slower to take up what has become — for most — an expensive hobby. But many hunters hope to pass on a love of the game to the next generation.

Donald Zarda died years before Donald Trump was elected president, but the two Donalds found themselves intertwined last week thanks to a brief filed by the Department of Justice.

Earlier this year, China further tightened internet restrictions with a sweeping cyber-security law. But no one has really been able to figure out how this would affect businesses. Then, this past weekend, Apple pulled a bunch of virtual private network services, or VPNs, off its App Store "shelves" in China. The company said it made the move to comply with the new law.

Updated at 5 p.m. ET

Anthony Scaramucci is leaving his position as White House communications director — less than two weeks after being named for the job.

Scaramucci's departure followed the Monday-morning swearing in of the new White House chief of staff, retired Gen. John F. Kelly. Scaramucci had negotiated an unusual deal to report directly to the president rather than the chief of staff (Reince Priebus at the time).

08/01/2017: The politics of health insurance

Aug 1, 2017

The big push to repeal Obamacare fell apart last week, but the White House isn't backing down. As soon as today, President Donald Trump may make a decision that could lead to a major hike in monthly health insurance premiums. We'll look at by how much and just how many Americans could be affected. Afterwards, we'll discuss Walmart's ambitious plan to cut greenhouse gases, and then talk about a decline in the price of eggs — which is good news for you, but bad news for U.S. poultry farmers.

Walmart aims high on lowering carbon footprint

Aug 1, 2017

When the U.S. backed out of the Paris Climate Agreement earlier this year, many environmentalists were dismayed.  Many, however, are reassured by the fact that businesses are increasingly stepping up their game in terms of reducing their carbon footprint.

In April, retail giant Walmart  announced a plan called "Project Gigaton". The company says that by 2030, it  could reduce greenhouse gas emissions as much as if 211 million cars were taken off the road for a year.

If you walk into a blue jean manufacturing factory, among the piles of indigo fabric and spools of thread, you’ll find a material that’s a little different. There's a good chance a lot of that material comes from one of the oldest denim mills in the country — Cone Denim. Kara Nicholas, vice president of product design and marketing, said they've been noticing a trend for some time.

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