Dec 28/2021
- Gen Z has come of age in a pandemic, lived through its first spike in inflation and was raised in the shadow of the Great Recession. Gen Zers also have 86% less purchasing power than than baby boomers did at their age. And the issue of affordability was on their minds when they headed to[...]
- The Federal Reserve cut its short-term interest rate by a quarter of a percentage point yesterday. At his briefing, Fed Chair Jerome Powell stayed away from politics, despite the freshness of the news of Donald Trump’s decisive victory. But many of Trump’s proposals could affect the central bank’s interest rate policy. We dig in. Plus,[...]
- From the BBC World Service: China has unveiled measures worth $1.4 trillion to tackle a mountain of local government debt, as Beijing steps up plans to support its slowing economy. Then, an increasing number of people in France are opting for a mixed lifestyle — part city job and part farming. Plus, the COP29 climate[...]
- This was a breakout moment for companies taking bets on the election’s outcome. Betting markets got attention for their early predictions of a victory by former President Donald Trump, while traditional polls were showing a tossup. We’ll hear more. Plus, why the U.S. dollar may grow stronger, how Trump’s immigration policies could impact the labor[...]
- Among the many promises President-elect Donald Trump laid out on the campaign trail: clawing back unspent money from the Inflation Reduction Act, which has poured billions into the clean energy sector. But much of those funds is destined for red states and red counties, and the politics of stopping the money will be tough. Also[...]
- From the BBC World Service: Germany’s coalition government is falling apart after the chancellor unexpectedly sacked his finance minister yesterday. Elections are now expected early next year. Plus, some of Germany’s corporate giants are planning layoffs as profit margins are falling off. And this seems to be more of a longer-term economic slide rather than just[...]
- The Federal Reserve meets today and tomorrow to determine the future path of interest rates. The central bank is designed to do its work insulated from politicians, and its independence from political pressures is a cornerstone of monetary policy. But a second presidency of Donald Trump could bring that independence into question. We’ll hear more.[...]
- Donald Trump has won the race for the White House. What does that mean for financial markets? With Ben Kumar, head of equity strategy at Seven Investment Management, we’ll delve into stock movements, the market volatility and the potential impact of tariffs. We’ll also unpack the economic ripple effects of a Republican-controlled Senate and learn[...]
- From the BBC World Service: The diabetes drug giant Novo Nordisk is reassuring investors with big sales numbers for its popular weight loss drug, Wegovy. But there are concerns over the production of unofficial copies of its drugs, which have been linked to hospitalizations and deaths. And in Nigeria, millions have been without electricity for[...]
- Investors don’t have a hotline to our political future and are stuck in wait-and-see purgatory, just like the rest of us on this Election Day. We’ll try to parse some signals financial markets are giving. Plus, some striking Boeing employees will start returning to work as early as tomorrow. They voted to ratify a new[...]
- Stocks index futures are pointing to modestly higher markets this Election Day morning. The 10-year interest rate is steady today but is the highest it’s been since late July. We’ll be keeping an eye on currency markets, too. Then, new companies are coming to the Dow Jones Industrial Average. And later, some of Hollywood’s biggest[...]
- From the BBC World Service: The European Union has launched a formal investigation into the Chinese e-commerce site Temu over concerns it may be allowing the sale of illegal goods. But first, British Columbia’s port employers have locked out workers there in response to strike action. That could potentially halt $575 million in daily trade.[...]
- On today’s show, economist Julia Coronado, president of MacroPolicy Perspectives, explains which metrics she’s using to guide her thinking about the election: individual campaign contributions. Right now, it’s favoring Democrats. We’ll hear more. Plus, we’ll draw a line between the election and this morning’s bond market. And later: a tax jackpot for savers ages 60[...]
- From the BBC World Service: More than 200 people were killed in the floods in Valencia, Spain — the worst in the country for decades. Now, authorities are facing the massive task of reconstructing key roads and tunnels that have been left in ruins. We’ll hear some of the “incalculable” economic impacts. Then, added sugars[...]
- Yes, tomorrow is Election Day, the outcomes of which have the potential to move markets. But don’t forget: We have a Federal Reserve meeting this week too. On Thursday, the central bank will announce a decision on interest rates. We’ll preview what to expect. Then, is it just us or are Black Friday deals starting[...]
- Today’s jobs report featured a shockingly small number of new hires with just around 12,000 jobs added. However, as FHN Financial’s Christopher Low explains, these dismal figures have more to do with recent extreme weather events and the ongoing strike at Boeing. Plus, we look at why a tax provision expanding the amount of money[...]
- It hasn’t been a normal housing market for years now, but it’s been especially uncertain in the past few months. We delve into how interest rate cuts, mortgage rate fluctuations, and the election are all making conditions for buying a home a bit hard to read for most people. Plus, a preview of today’s highly[...]
- From the BBC World Service: A ban on Google’s flagship Pixel smartphone in Indonesia comes because the company failed to meet requirements for certain smartphones sold domestically to contain at least 40% of parts manufactured locally. Plus, Hello Kitty turns 50, and the landmark birthday also marks an uptick in the fortunes of Sanrio, the[...]
- This morning, the central bank’s preferred measure of inflation — the personal consumption expenditures price index, or PCE — came out and clocked in at 2.1% annually in September. With fuel and energy prices stripped out, the index was up 2.7%. What should we make of these figures? Then, if former President Donald Trump is[...]
- For some, spooky season means buying truckloads of candy or dusting off that 12-foot plastic skeleton in the basement. For others though, it’s time to get to work. This Halloween, we’ll check in with Star Romano, a stage production manager at the Queen Mary’s Dark Harbor in Long Beach, California, to hear more about the[...]
- From the BBC World Service: In the United Kingdom, the government has unveiled its first budget since the Labour Party got back in power, its first in 14 years. The measures amount to a $50 billion tax hike to fund public services, with a big focus on taxing businesses and high earners. We’ll hear more.[...]
- The private payroll company ADP reported that a lot more people than expected were added to its payrolls this month. True, the more closely watched data on hiring and unemployment is not due from the government until Friday. But this is new evidence that the American jobs machine is still putting people to work. We[...]
- Philadelphia’s district attorney sued billionaire Elon Musk earlier this week over a controversial $1 million-a-day giveaway to registered voters, alleging that it is an “unlawful lottery.” Musk is conducting this through his pro-Donald Trump political action committee, called America PAC. On today’s program: a look at where Elon Musk and his super PAC’s “sweepstakes” fit[...]
- From the BBC World Service: First, it’s the “worst of times” camp. While Germany’s economy grew unexpectedly, German-based car company Volkswagen announced major layoffs and plant closures. We’ll discuss some of the reasons and the fallout. Then, it’s the “best of times” for Spain’s economy, which exceeded expectations with 0.8% growth. We’ll walk through the[...]
- The online trading platform Robinhood has started allowing its customers to bet on who will the the election. While its not the first to do so, it is among the first in the U.S. to jump into a new kind of financial instrument called “event contracts.” But it’s not without controversy. We’ll explain. Plus, home[...]
- The New York Stock Exchange has announced plans to extend after-hours trading. Pending regulators’ approval, its electronic platform could be accessible 22 hours a day Monday through Friday, as it looks to compete with online trading platforms like Robinhood. Then: some profanity-laden remarks from JPMorgan Chase CEO Jamie Dimon over federal regulation. Plus, data shows[...]
- From the BBC World Service: In the Eastern European country of Georgia, thousands of people have been protesting outside of parliament in Tbilisi, saying the ruling Georgian Dream party stole the country’s election over the weekend. Now, there will be a partial recount. We’ll also unpack some major restructuring at HSBC. Plus, as mega-corporations cash[...]
- With election day just about a week away, the economy and its overall health are on the ballot in all but name. We check in with Julia Coronado, founder of MacroPolicy Perspectives, about how the labor market is looking amid shocks like hurricanes that have wracked the South. Plus, a glimpse at why childcare costs[...]
- Movie studies have always been associated with Hollywood and sunny Southern California, but high costs have driven many companies eastward to states like New York and Georgia in recent years in search of lower costs for filming. A look at the Golden State’s recent moves, including a tax credit just passed in an attempt to[...]
- From the BBC World Service: The Japanese yen sunk to a three-month low as investors reacted to the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections. A look at how investors are thinking of the shock results, including speculation that the political uncertainty would slow interest rate rises. New research by[...]
- Bettors think they’ve already figured out the presidential election winner, with many odds sites predicting a slim victory for former President Trump less than two weeks away from Voting Day. But according to FHN Financial’s Christopher Low, there are plenty of reasons to be skeptical of any predictions in such a tight election, including betting[...]
- Employees are overwhelmingly in favor of upskilling in areas we call “human skills,” which include things like leadership, communication, and adaptability, according to a recent survey. However, more than one in three workers say their jobs offer little to no opportunity to improve these skill sets. We look at what’s behind the gap. Plus, airline[...]
- From the BBC World Service: Japan’s snap election takes place on Sunday, just a month after Shigeru Ishiba took over as Prime Minister. A look at why it could bring more uncertainty. Plus, Venice has announced it will extend the city’s tourist tax as it attempts to deal with the rising number of visitors. And, we hear[...]
- For entrepreneurs and aspiring CEOs, one of the ultimate tests of mettle is appearing on the hit show Shark Tank, which pits high-rolling investors against contestants looking for a deal to help take their businesses to the next level of development. We catch up with Megan Klein, founder of Little Saints, a company that has been[...]
- Americans nowadays don’t agree on much, but most have one thing in common: disappointment in their government and the direction of the country. According to University of Chicago Professor James Robinson, who jointly won the Nobel Prize in Economics this year, a lot of this discontentment can be tied back to economic inequality and a[...]
- From the BBC World Service: In an exclusive BBC interview, IMF Deputy Director Gita Gopinath said tit-for-tat tariffs cause global losses in growth equivalent in size to the economies of France and Germany. And, Canada is one of America’s largest trading partners, so how do its residents feel about the upcoming election?
- Today’s quarterly earnings report painted a gloomy picture for the embattled aviation giant — the company reportedly lost $6 billion in the three months ending in September. A look at what this means in the context of the numerous crises the plane-maker has been facing in recent years. Plus, what a recent outbreak of E.[...]
- The U.S.-Mexico-Canada free trade agreement will come up for renewal in the second year of a Trump or Harris presidency, which comes at a time of tension in the U.S. trade relationship with China and Chinese businesses increasingly building facilities in Mexico. Marketplace’s David Brancaccio speaks with the Wall Street Journal’s Santiago Pere about potential[...]
- From the BBC World Service: Indian Prime Minster Modi and Chinese President Xi Jinping are set to meet on the sidelines of the BRICS summit in Russia in what President Putin is framing as a propaganda victory amid the war in Ukraine. Then, a communications satellite designed and built by the troubled aerospace giant Boeing[...]
- The way you bank and apply for credit could fundamentally change in the next couple of years. The Consumer Financial Protection Bureau issued new rules this morning to give consumers more control over their financial data, and spur competition in financial services. Then, it appears to be a quiet period for business ahead of the[...]
- Dating apps boomed during the pandemic, when online dating was pretty much the only way to meet romantic connections. And while the honeymoon period seems to be waning between big-name dating apps and users, smaller apps are having a moment. Today, we’ll take the pulse of the industry with Robyn Exton, CEO and founder of[...]
- From the BBC World Service: Hyundai Motor India shares have made their trading debut after a $3.3 billion initial public offering, but the price has already slipped. We’ll discuss. Then, Russia is hosting the BRICS summit of emerging economies. Plus, Spain has seen a record number of migrant arrivals this year, raising questions over what[...]
- Leaders of finance from around the world gather starting today in Washington, D.C., for the annual meetings of the International Monetary Fund and the World Bank. The meetings come at a fraught time for the global economy and with U.S. elections looming in the background. We’ll hear more, including how markets are bracing for the[...]
- If the election is contested again in November, will corporate leaders push back? It’s a thorny but pertinent question, especially as companies have dialed back on commitments to DEI, LGBTQ+ rights and other issues in recent months. Today, we’ll explore what responsibility corporations have to American democracy. Also on this morning’s program: Campaigns spend big[...]
- From the BBC World Service: A civil trial is beginning in London to determine whether the mining company was responsible for the 2015 Mariana dam collapse. Then, ByteDance has sacked an intern for “maliciously interfering” with the training of one of its artificial intelligence models. And more than 100 professional women’s soccer players have published[...]
- After working hours, that is. The European Union is now considering rules to formalize a “right to disconnect” for employees — a legal right to ignore those pesky work-related emails, calls or messages when you’re not working. Presently, around 20 countries have such laws. We’ll learn more. Also on the program, we’ll hear about homebuilder[...]
- For this month’s Econ Extra Credit, we’re watching “Join or Die: A Film About Why You Should Join a Club.” Today, we’re joined by the films co-producers to discuss the threat loneliness poses to our individual health and the health of our community, as well as the benefits of joining a club — anything from[...]
- From the BBC World Service: China’s GDP grew in the third quarter at the slowest pace since early last year. Then, in Japan, the anime industry has hit a milestone: its value has topped $2 billion thanks to hit movies and the growth of streaming services. And the European Union is looking at “right to[...]
- Have you tried to cancel a subscription or membership recently and gotten the run-around? The Federal Trade Commission says it should be as easy to cancel as it is to sign up. We’ll learn about the new rule entails. Plus, incentives for German automakers to make cars stateside could be on the way. And we’ll[...]
- From the BBC World Service: When NASA astronauts return to the moon for the first time in more than 50 years, they will do so in style … wearing Prada. We’ll hear more. Plus, TSMC, the Taiwanese tech giant that controls more than half the world’s output of advanced chips, posted profits of $10.1 billion[...]
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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All podcast content including episodes, graphics, and podcast descriptions are directy attributed to Marketplace or their podcast platform partner. If you believe your copyrighted work is in use without your permission, you can follow our process outlined here. See terms of use.