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website Marketplace with Kai Ryssdal
Marketplace® is the leading business news program in the nation. Host Kai Ryssdal and our team of reporters bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. Airing each weekday evening on your local public radio station or on-demand anytime, Marketplace is your liaison between economics and life. Marketplace with Kai Ryssdal is part of the Marketplace portfolio of public radio programs broadcasting nationwide, which additionally includes Marketplace Morning Report®, Marketplace Weekend®, and Marketplace Tech®. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
feed audio What's carbon really cost?
Tue, 17 Jul 2018 15:00:00 -0500
Under the Trump administration, federal agencies are no longer required to determine the financial costs of climate change, so a group of scientists have stepped up to the plate. We'll talk about that project and what it can tell us about the real-world cost of carbon. Plus: Amid rising tensions with the United States, Japan and the European Union have struck a new trade deal with each other. Then: We'll talk with Lauren Greenfield about her new film "Generation Wealth."
audio Hi, I'd like to file a complaint
Mon, 16 Jul 2018 15:00:00 -0500
We're starting today with news from overseas, not Helsinki but Geneva, where the World Trade Organization is fielding complains from China against the United States, and the U.S. against pretty much everybody. We'll talk about what happens next and what it could mean for the brewing trade war(s). Then: site glitches aside, Amazon's Prime Day has become a sort of Black Friday in July, which means a lot of packages will be on the move these next few days. We'll look at whether the shipping industry will be able to, uh, deliver. Plus: If you're sad the World Cup's over, there's always baseball ... and Major League Baseball has lots of open seats.
The Department of Justice is appealing the ruling that cleared Time Warner's $85 billion merger with AT&T, the government announced just before we put out yesterday's show. Today, we're trying to game out what's next, especially since the merger's already begun. Then, we'll look at the other huge media deal in the offing: Disney and Comcast's bidding war for 21st Century Fox, and Hulu's role in it. And, of course, we'll tackle the fire hose of political news in the Weekly Wrap.
Jay Powell's been the chairman of the Federal Reserve for about five and a half months. His office in the Federal Reserve Building on Constitution Avenue is still getting put together, but he's already put his mark on the central bank and chatting with us today is part of that. We talked about transparency, trade disputes and stagnant wages, but he wasn't able to talk about inflation. The numbers came out just minutes after our conversation ended, and they showed consumer prices are growing faster year over year than they have since 2012. We talk about what that means for the Fed and for you.
In the five months since Jerome "Jay" Powell took over as chairman of the Federal Reserve, the country is facing a growing number of tests: stagnant wage growth, tariff disputes around the world and a White House that likes to publicly offer the Fed economic advice. In his first broadcast interview since taking the job, Powell told Kai Ryssdal that he is "not concerned" about political pressure and that he’s keeping his focus on carrying out the Fed’s mandate from Congress: "We have a long tradition here of conducting policy in a particular way, and that way is independent of all political concerns," he said. They also talked about The White House's ongoing trade disputes, why wages aren't rising and inflation. You can also read the whole thing here
audio NATO's IOUs
Wed, 11 Jul 2018 15:00:00 -0500
If you thought all the Chinese trade talk was testy, you should see footage from President Donald Trump's first day of North Atlantic Treaty Organization meetings today. Trump slammed American allies, saying "many countries owe us a tremendous amount of money" from years of defense spending. And that was just the photo op. We'll fill you in on the NATO meeting and what to expect during the next few days of talks in Brussels. Plus, the latest on those tariffs. Then: Like a lot of cities hit hard by the housing crisis, foreclosed homes in South Euclid, Ohio were bought on the cheap by investors, who planned to flip them when the market recovered. But it didn't, really, and now some landlords are unloading them with shady rent-to-own deals.
audio The SCOTUS news is just starting
Tue, 10 Jul 2018 15:00:00 -0500
President Donald Trump's nomination of Brett Kavanaugh to the Supreme Court came with a little surprise and a lot of theater. But what happens next should come as no surprise at all: millions of dollars and hundreds of hours of advertising for and against Kavanaugh's appointment. We'll talk about what to expect. Then: We'll explain the upcoming rent control ballot measure in California, and what it could mean for the affordable housing crisis around the country. Plus, what you need to know about Trump, Pfizer and the market for one of that company's most profitable drugs: Viagra.
audio Let's do the numbers. But which ones?
Mon, 09 Jul 2018 15:00:00 -0500
We've heard of a "soft Brexit" and a "hard Brexit," but what about a "BRINO: Brexit In Name Only"? We'll kick off today's show with everything you need to know about negotiations and the furor Prime Minister Theresa May is trying to manage on a tight deadline. Then, we'll look at the future of HBO after the Time Warner-AT&T merger — and why it might look a lot like Netflix. Plus: We love to do the numbers, but there are a lot of them. So what are the best figures to look at if you want to know how the economy is doing? You've always wondered, so we'll break it down.
audio Where's the exit?
Fri, 06 Jul 2018 15:00:00 -0500
Well, here we are. As of July 6, the U.S. is officially at odds with our biggest trading partner, to say nothing of several other large economies. So, what's the exit strategy? That's what we'll try to figure out today. Then, it's important to note this is all happening at a time when the American economy is doing quite well. We'll dig into the latest evidence of that: today's jobs report, which saw unemployment tick up, albeit for a good reason. Plus, we'll look at why even celebrity chef-owned restaurants are always "an inch from disaster."
audio The trade war is about to get real
Thu, 05 Jul 2018 15:00:00 -0500
Today might feel like a Monday, but it's actually the end of the week, which means U.S. tariffs against China go into effect tomorrow. Should you be worried about inflation? Or even ... deflation? We'll talk about it, then head to a Georgian pecan farm to see the impact of Chinese tariffs up close. Plus, how the "world's friendliest border" became the front for another trade dispute. And finally, how the box office bounced back this summer.
audio Your electric bill is feeling the heat
Wed, 04 Jul 2018 17:24:15 -0500
Happy Fourth of July, it's a hot one and your AC can feel it. The heat wave gripping parts of the midwest and northeast could have a damaging effect on the electric grid system. It also holds economic concerns for the areas poor. Although it’s a holiday, many people will be working, especially food vendors who sell at festivals all summer long. There's a big business for a lot of small businesses that work the music festival circuit. Also on today's show: lights, camera, tax breaks. The governor of New Jersey signed a bill yesterday offering tax incentives to attract film production. We took a look at how the state-by-state debate over film tax incentives affects the entertainment industry.
audio You need a vacation
Tue, 03 Jul 2018 15:00:00 -0500
Traders only worked half a day, giving everyone a chance to get out of town for the July Fourth holiday. In that spirit we're bringing you three stories about summer vacations: Why plane tickets are so cheap right now, how Orlando became an amusement park capital, and what we talk about when we talk about the great American road trip. But first, what you need to know about Mexico's presidential elections, and the government agencies looking at Facebook. Then: It's not hard getting hired to deliver packages for Amazon, but the job itself is anything but easy; we talk to a reporter who tried it, and narrowly avoided a parking ticket that would have wiped out her wages for the day.
audio There are "Permit Patties" everywhere
Mon, 02 Jul 2018 15:00:00 -0500
President Donald Trump’s tariffs on Chinese goods are supposed to protect American jobs and intellectual property. As they go into effect next week, we'll take a look on what they're supposed to achieve, and what they mean for products that are "Made In America." Then: A new analysis shows the connection between 311 calls, changing demographics and property values in gentrifying neighborhoods; we'll look at the numbers behind the viral clips. And we explore what this weekend’s presidential election in Mexico means for NAFTA.
audio Global trade ... amirite?
Fri, 29 Jun 2018 15:00:00 -0500
We wrap the week with tariff woes from car and motorcycle makers and a report today that President Donald Trump is considering withdrawing the U.S. from the World Trade Organization. So how might an American withdrawal affect the WTO? Plus, they say as California goes, so goes the nation ... so will a new California law giving consumers more control of their personal data cause a ripple effect across the rest of the country? And a tweet-by-tweet look at the demise of the iconic yellow cab as New York City's on-demand ride of choice.  
audio If these bond market interest rates could talk
Thu, 28 Jun 2018 15:00:00 -0500
Turns out, they kind of can. You just have to watch the yield curve. And if you don't know how to do that, listen up, because on today's show we break it down and talk about why economists are worried about a possible recession with employment this high and an economy so healthy. Another tip: You can predict the future by listening to changes in foreign direct investment. Plus, renting to own was the strategy for many investors after sweeping up thousands of foreclosed homes during the financial crisis. It was an easy solution for sellers, but what was the real cost for the tenants? And the latest installment of My Economy comes to us from across the pond. Then, a special announcement: Hosts Kai Ryssdal and Molly Wood have been having secret conversations with a voice-control system you may have heard of named Alexa.
audio Having our day in court
Wed, 27 Jun 2018 15:00:00 -0500
Seems like every story in the news this week begins and ends at the Supreme Court. Justice Anthony Kennedy announced his retirement today, of course, but we're focusing on the ruling that public-sector labor unions can no longer collect fees from nonmembers. So if you are not a union member, what does this mean for you? And because of this ruling, more than 20 states will have to change their labor laws. We talk about how these states will move forward. Plus, New York City has never been more safe, clean, healthy … or rich. So how has mega-wealth changed the city and its potential?
audio The tech industry vs. the travel ban
Tue, 26 Jun 2018 15:00:00 -0500
Today, a break from talking about the border with Mexico to talk about another migration dispute: President Donald Trump's travel ban, which the Supreme Court upheld today. We revisit how businesses plan to navigate around the restrictions and what's at stake for tech companies. And HBO’s "Westworld" used creative marketing to become one of the most talked-about shows on TV. Series co-creator Jonathan Nolan is on the program talking about making television in today's crowded market. Plus, the new U.S. tax law lets companies keep more of their earnings for investments, but could tariffs sweep those gains away? 
audio Tough day for HOG
Mon, 25 Jun 2018 15:00:00 -0500
Harley-Davidson did something pretty remarkable today. The motorcycle company, whose executives President Donald Trump invited to the White House less than a month into his term, said it's planning to manufacture a chunk of its bikes somewhere else rather than pass along cost increases coming from the president's tariffs. We'll start today with ticker symbol HOG and look at the broader fallout. Then, we'll look at the challenges facing the modern union: Supreme Court battles, low membership and new technology that’s threatening job security in new fields every day. Plus: Why we're still talking about Sumner Redstone.
audio More of your trade questions, answered
Fri, 22 Jun 2018 15:00:00 -0500
Amid all the chaos and controversy at the southwest border, there's still a trade war brewing on multiple fronts. Today on the show, we'll tackle more of your questions about all things tariffs and trade. Then: Street vending in Los Angeles is a half-billion-dollar industry that’s illegal. We'll look at the tangled relationship between street vendors and the law. But first, AMC's challenger to MoviePass, the latest on Mexico's elections and, of course, the Weekly Wrap.
audio Do you think the Supreme Court shops online?
Thu, 21 Jun 2018 12:24:39 -0500
We're asking because today a narrow majority ruled that online shoppers have to pay state sales tax, even if the business doesn’t have a physical presence in the state. We'll talk about what that means for companies like Wayfair, the defendant in this case, and consumers. Then we'll bring you the latest on gas prices for the summer. Plus: Brownsville, Texas, is just a 10-minute walk from Matamoros, a city in Tamaulipas, Mexico. As the Trump administration's immigration policy causes tension nationally, Brownsville's local economy feels its effects firsthand. We'll hear from our reporter at the border.
audio Let's do the Zestimate
Wed, 20 Jun 2018 15:00:00 -0500
If you've been listening the past few weeks, you know the federal government is working on a list of companies to exclude from new, costly tariffs on steel and aluminum. During testimony today about that list, Commerce Secretary Wilbur Ross promised one senator that he’d personally consider a company residing in the senator's district. Ross called the place right after the hearing, and we did, too. Then: Jeff Bezos, Warren Buffett and Jamie Dimon have tapped surgeon and writer Atul Gawande to run their new health care company. We'll look at his qualifications and what it'll take to pull this thing off. Plus: A conversation with the CEO of Zillow, the housing data site that's started selling homes of its own.
audio The view from the border
Tue, 19 Jun 2018 14:15:16 -0500
The tariff threats flying back and forth between Washington and Beijing have had a certain symmetry. We tax $34 billion worth of Chinese imports, and they follow. We add $16 billion in other Chinese stuff, same. But last night, when the Trump administration said it's exploring tariffs on a whopping $200 billion in goods, Beijing said fine, they're gonna hit back in "quantitative and qualitative ways." We'll start today's show trying to unpack what that means. Then, speaking of China: When Americans and Europeans were buying less, dozens of factories closed in China. Millions lost jobs ... but an unexpected industry flourished. We'll look at it as part of our series "Divided Decade." Plus: We'll talk with our reporter at the southwest border about what he's seeing at businesses and courtrooms there. (06/19/2018)
audio Are we in a trade war yet?
Mon, 18 Jun 2018 15:00:00 -0500
The phrase "trade war" is getting thrown around a lot by now, including by this show. You might be wondering: What's it mean, exactly? And how do we know when we're actually in one? We'll do our best to answer those questions on the show today. Plus, we'll bring you the latest on the bidding war for Fox, the new nominee to head the Consumer Financial Protection Bureau and, of course, Beyoncé and Jay-Z. (06/18/2018)
audio Are we talking about trade again?
Fri, 15 Jun 2018 15:00:00 -0500
Is the sky blue? Kai catches us up on our current trade relationship with China and all the events that got us here. We follow that up with the Weekly Wrap. This time we're joined by Rachel Abrams from the New York Times and Dion Rabouin from Yahoo Finance. And in non-trade news: We talk to director Hiro Murai. You probably know him from his collaborations with Donald Glover on FX’s "Atlanta" and Childish Gambino’s "This Is America." (06/15/18)
audio Sedan sales aren't what they used to be
Thu, 14 Jun 2018 06:00:00 -0500
The trusty sedan might not be enough for Americans these days. Sales have been tanking the last few years, giving way to bigger trucks, SUVs and crossovers. We find out why. Also on the show, we talk with Politico’s Annie Karni about her reporting on the how the White House was looking for new employees at a job fair. Plus, we ask, "Is there a way for a country to engage in 'good' protectionism for its own interests?" Short answer: Well, it depends. Just give it a listen. (06/14/2018)
audio Today we all learned a little Fedspeak
Wed, 13 Jun 2018 15:00:00 -0500
The Federal Reserve raised interest rates today, and Chair Jay Powell took some time to explain the economics of the decision. We thought that was our job. Anyway, we'll bring you the highlights, plus the latest in corporate mega-mergers as Comcast makes a bid for Fox. Then: A lot of us still feel the effects of the financial crisis, but there are places where you can actually still see them. Houses that got stuck in foreclosure limbo, abandoned by their owners and are still sitting empty years later. They're called "zombie homes." We'll take you to Long Island, which has more than anywhere else.
President Donald Trump vowed back in 2016 that his presidency would block the mega-merger between AT&T and Time Warner. Today, a federal judge decided otherwise. We'll talk about how we got here and what happens next. Plus, in light of the historic summit in Singapore and the Fed meeting today and tomorrow, we'll put the American and North Korean economies in context. 
Those might sound the same, but in practice they're very, very different. Under President Obama, the Federal Communications Commission mandated that internet service providers treat all internet traffic the same. Today, those net neutrality rules were officially rolled back. We had Chairman Ajit Pai on to talk about what will change, how he measures success and what happens if his vision for an open internet doesn't work. Plus, it’s been a year since Amazon acquired Whole Foods. How has Amazon’s entry changed the grocery business?
Ronald Reagan said that 30 years ago in a weekly radio address about protectionism. For decades, the global economy has trended toward more free trade, not less. We're going to spend a few minutes today charting how we got here, from that speech through the next four administrations and up to our current moment, on the brink of a trade war. But first, we'll talk about the gathering of world leaders in Canada this weekend and America's place in it. Is it really the G-7? Or the G-6 plus one? We'll talk about it. Plus: The job market is the tightest it's been in decades, but transgender Americans say they've been denied work or promotions because of their gender identity. As employers hunt for workers, we'll look at whether things are improving. (06/08/2018)
audio Learning to think long term
Thu, 07 Jun 2018 15:00:00 -0500
You hear a lot on our show about corporate profits, quarterly earnings reports and how companies beat or missed expectations. Warren Buffet and Jaime Dimon spoke out about this kind of quarterly forecasting this week, on the grounds that it fosters too much short-term thinking. We'll talk about it. Then: steel and aluminum tariffs are the headline trade news, but what about solar panels? Solar tech is subject to 30 percent tariffs right now, and the resulting hit to the American solar energy industry might outweigh any benefits. Plus: The Tony Awards are this weekend, but Broadway already has a lot to celebrate. We'll talk about the economics of the Great White Way.