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Marketplace Morning Report
Marketplace Morning Report
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
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Episodes
Why Americans keep buying British soccer teams
The owner of the Everton soccer club in England’s Premier League has agreed to sell the Liverpool-based team to an investment group based in Miami. If approved, it would mean Americans own 10 of the 20 clubs in the world’s most lucrative soccer league. What’s behind the surge in Yankee investment? Then, we examine how to combat both poverty and the climate crisis.
Why Americans keep buying British soccer teams
The owner of the Everton soccer club in England’s Premier League has agreed to sell the Liverpool-based team to an investment group based in Miami. If approved, it would mean Americans own 10 of the 20 clubs in the world’s most lucrative soccer league. What’s behind the surge in Yankee investment? Then, we examine how to combat both poverty and the climate crisis.
06:15
22 Sep 23
The government is spending less on kids. That comes with a cost.
During the pandemic, federal subsidies kept many child care facilities afloat. But that aid will begin to disappear at the end of the month. Meanwhile, federal spending on kids has generally fallen. We examine the impact on children and families. We’ll also do the numbers on a potential government shutdown. And later: a kid-friendly guide to tipping.
The government is spending less on kids. That comes with a cost.
During the pandemic, federal subsidies kept many child care facilities afloat. But that aid will begin to disappear at the end of the month. Meanwhile, federal spending on kids has generally fallen. We examine the impact on children and families. We’ll also do the numbers on a potential government shutdown. And later: a kid-friendly guide to tipping.
07:25
22 Sep 23
UAW threatens to expand strike
Almost a week into the autoworkers strike, there are few signs of progress. If little movement is made by tomorrow, the United Auto Workers union is promising to expand their strike. We look at the impact this could have. We also examine why more companies are going private and hear how one Skid Row nonprofit is grappling with a dip in volunteerism.
UAW threatens to expand strike
Almost a week into the autoworkers strike, there are few signs of progress. If little movement is made by tomorrow, the United Auto Workers union is promising to expand their strike. We look at the impact this could have. We also examine why more companies are going private and hear how one Skid Row nonprofit is grappling with a dip in volunteerism.
08:15
21 Sep 23
Hold steady. Wait and see. For now.
That seems to be the current approach by the Federal Reserve as it aims for a 2% inflation target. The central bank opted to leave interest rates unchanged yesterday, but what about the path forward? We dive in. Plus, TikTok drives “frenzies” of antisocial behavior, a BBC analysis shows. And later: a view of tipping from the United Kingdom.
Hold steady. Wait and see. For now.
That seems to be the current approach by the Federal Reserve as it aims for a 2% inflation target. The central bank opted to leave interest rates unchanged yesterday, but what about the path forward? We dive in. Plus, TikTok drives “frenzies” of antisocial behavior, a BBC analysis shows. And later: a view of tipping from the United Kingdom.
08:20
21 Sep 23
Poland’s grain row with Ukraine escalates
From the BBC World Service: Poland has been one of Ukraine’s staunchest allies since Russia’s full scale invasion last year — welcoming more than a million refugees and helping to supply a stream of weapons. But now it says it will no longer supply its neighbour with arms in a row over grain imports. Plus, Tesla is eyeing expansion in India but how ready is the country’s charging infrastructure for a big electric vehicle push?
Poland’s grain row with Ukraine escalates
From the BBC World Service: Poland has been one of Ukraine’s staunchest allies since Russia’s full scale invasion last year — welcoming more than a million refugees and helping to supply a stream of weapons. But now it says it will no longer supply its neighbour with arms in a row over grain imports. Plus, Tesla is eyeing expansion in India but how ready is the country’s charging infrastructure for a big electric vehicle push?
06:30
21 Sep 23
To tip or not to tip?
Expectations around tipping have evolved in the last couple of years. So how much should you be tipping these days? What about for dine-in versus takeout or delivery? And why does tipping stir up such strong emotions? We answer these questions — no tip required. But first, it’s decision day for the Federal Reserve. We preview today’s interest rate announcement, as well as the Fed’s economic projections.
To tip or not to tip?
Expectations around tipping have evolved in the last couple of years. So how much should you be tipping these days? What about for dine-in versus takeout or delivery? And why does tipping stir up such strong emotions? We answer these questions — no tip required. But first, it’s decision day for the Federal Reserve. We preview today’s interest rate announcement, as well as the Fed’s economic projections.
10:11
20 Sep 23
The climate crisis will make housing affordability even worse
The price of insurance premiums are not keeping up with the amount of risk homeowners face as the climate crisis plays out. A price correction is coming, a new report finds, and it’ll push housing affordability further out of reach. And later: How does tipping in South Korea compare to the United States?
The climate crisis will make housing affordability even worse
The price of insurance premiums are not keeping up with the amount of risk homeowners face as the climate crisis plays out. A price correction is coming, a new report finds, and it’ll push housing affordability further out of reach. And later: How does tipping in South Korea compare to the United States?
08:06
20 Sep 23
Japan’s fish exports plummet as China ban bites
From the BBC World Service: Japan’s fishing exports plummet 70% after China banned imports over the release of treated radioactive water from the Fukushima power plant, the BBC’s Mariko Oi reports. The United Kingdom is considering delaying a ban on the sale of new gasoline and diesel cars, watering down its green ambitions. Finally, Venice is set to introduce a daily tourist levy in an attempt to reduce the number of day-trippers to the city, the BBC’s Giovanna Girardi reports.
Japan’s fish exports plummet as China ban bites
From the BBC World Service: Japan’s fishing exports plummet 70% after China banned imports over the release of treated radioactive water from the Fukushima power plant, the BBC’s Mariko Oi reports. The United Kingdom is considering delaying a ban on the sale of new gasoline and diesel cars, watering down its green ambitions. Finally, Venice is set to introduce a daily tourist levy in an attempt to reduce the number of day-trippers to the city, the BBC’s Giovanna Girardi reports.
06:15
20 Sep 23
Reframing how we think about tips
The legacy of a tipped minimum wages means that a worker can be paid as little as $2.13 an hour at the federal level. We’ll explore how COVID upended the tip-based restaurant industry and where we go from here. We also examine where the Federal Reserve thinks the economy is headed. Plus, rising oil prices is not what many global economies needs right now.
Reframing how we think about tips
The legacy of a tipped minimum wages means that a worker can be paid as little as $2.13 an hour at the federal level. We’ll explore how COVID upended the tip-based restaurant industry and where we go from here. We also examine where the Federal Reserve thinks the economy is headed. Plus, rising oil prices is not what many global economies needs right now.
07:39
19 Sep 23
Strong economic headwinds are buffeting the Fed
The central bank starts a two-day meeting on interest rates today, but significant headwinds are blowing. We’ll assess the biggest factors challenging the Federal Reserve right now that could threaten the economic balancing act it’s trying to pull off. And later, we delve into the “ugly and sordid” history of tipping in the U.S.
Strong economic headwinds are buffeting the Fed
The central bank starts a two-day meeting on interest rates today, but significant headwinds are blowing. We’ll assess the biggest factors challenging the Federal Reserve right now that could threaten the economic balancing act it’s trying to pull off. And later, we delve into the “ugly and sordid” history of tipping in the U.S.
06:50
19 Sep 23
Japan firms cut ties with boyband agency over sex abuse
From the BBC World Service: It’s the sexual abuse scandal that’s rocked Japan, now the BBC’s Mariko Oi reports on the major brands that are cutting ties with the country’s biggest talent agency, Johnny and Associates. Plus, was the Libyan dam disaster caused by nature or neglect? The BBC’s Anna Foster is in Derna.
Japan firms cut ties with boyband agency over sex abuse
From the BBC World Service: It’s the sexual abuse scandal that’s rocked Japan, now the BBC’s Mariko Oi reports on the major brands that are cutting ties with the country’s biggest talent agency, Johnny and Associates. Plus, was the Libyan dam disaster caused by nature or neglect? The BBC’s Anna Foster is in Derna.
06:26
19 Sep 23
Islamic home financing opens the door to homeownership
While homeownership has been a reliable way for families to build wealth in the U.S., the path to homeownership is more complicated for many observant Muslims. Paying interest — like you would in a traditional mortgage — goes against Islamic rules governing finance. Now, more institutions are offering Islamic financing to meet what they see as growing demand. Plus, what happens if the UAW strike grows?
Islamic home financing opens the door to homeownership
While homeownership has been a reliable way for families to build wealth in the U.S., the path to homeownership is more complicated for many observant Muslims. Paying interest — like you would in a traditional mortgage — goes against Islamic rules governing finance. Now, more institutions are offering Islamic financing to meet what they see as growing demand. Plus, what happens if the UAW strike grows?
06:26
18 Sep 23
The UAW is taking aim at temp workers
Striking auto workers and Detroit automakers failed to reach a deal this weekend. One sticking point for members of the United Auto Workers union is the reliance on temporary and “tiered” workers by carmakers. How did the industry get here? Plus, a look at what’s behind the current rush to invest in gold.
The UAW is taking aim at temp workers
Striking auto workers and Detroit automakers failed to reach a deal this weekend. One sticking point for members of the United Auto Workers union is the reliance on temporary and “tiered” workers by carmakers. How did the industry get here? Plus, a look at what’s behind the current rush to invest in gold.
07:24
18 Sep 23
Italy’s migrant crisis is “unsustainable”
From the BBC World Service: Small Italian islands off the coast of North Africa are struggling to cope with the influx of migrants, according to the Italian government. The BBC’s Katya Adler reports from the island of Lampedusa. Meanwhile, Japan’s government is facing criticism for failing to appoint a single woman to any junior ministerial roles in the latest cabinet reshuffle, despite 54 jobs being available. The BBC’s Will Leonardo reports. And in the United Kingdom, the BBC’s Leanna Byrne visits a gold merchant after the price of gold reaches all-time highs this year.
Italy’s migrant crisis is “unsustainable”
From the BBC World Service: Small Italian islands off the coast of North Africa are struggling to cope with the influx of migrants, according to the Italian government. The BBC’s Katya Adler reports from the island of Lampedusa. Meanwhile, Japan’s government is facing criticism for failing to appoint a single woman to any junior ministerial roles in the latest cabinet reshuffle, despite 54 jobs being available. The BBC’s Will Leonardo reports. And in the United Kingdom, the BBC’s Leanna Byrne visits a gold merchant after the price of gold reaches all-time highs this year.
07:27
18 Sep 23
The future of the auto industry
The UAW started a limited strike today at all three big automakers in the U.S. But this strike is about more than fair wages and benefits — the future of American-made cars, and how soon they can go electric, hangs in the balance. Plus, media mogul Byron Allen has offered Disney $10 billion for ABC. We’ll talk about why CEO Bob Iger might be inclined to take the deal.
The future of the auto industry
The UAW started a limited strike today at all three big automakers in the U.S. But this strike is about more than fair wages and benefits — the future of American-made cars, and how soon they can go electric, hangs in the balance. Plus, media mogul Byron Allen has offered Disney $10 billion for ABC. We’ll talk about why CEO Bob Iger might be inclined to take the deal.
07:13
15 Sep 23
The danger of VC-backed insurance
A new trend in health-tech start-ups is to offer low premiums for insurance coverage and burn through billions of venture capital to stay in the green. When they crash, these firms leave customers without a way to access care or medication. Do regulators need to crack down? Plus, some public universities up their tuition and the UAW goes on strike.
The danger of VC-backed insurance
A new trend in health-tech start-ups is to offer low premiums for insurance coverage and burn through billions of venture capital to stay in the green. When they crash, these firms leave customers without a way to access care or medication. Do regulators need to crack down? Plus, some public universities up their tuition and the UAW goes on strike.
08:04
15 Sep 23
France’s Carrefour flags ‘shrinkflation’
From the BBC World Service: Have you noticed products that you buy getting smaller, while the price remains the same? It’s called “shrinkflation” and French supermarket giant Carrefour is putting labels on such goods to alert customers to it. The World Health Organization is warning that survivors of flooding in Libya remain in danger from contaminated flood water and a lack of medical supplies. It’s Friday, but how do you have a night out in a war zone? Russia launched its full-scale invasion of Ukraine a year and a half ago, and Ukrainians have had to change every part of their lives to deal with the assault. That includes how they spend their downtime.
France’s Carrefour flags ‘shrinkflation’
From the BBC World Service: Have you noticed products that you buy getting smaller, while the price remains the same? It’s called “shrinkflation” and French supermarket giant Carrefour is putting labels on such goods to alert customers to it. The World Health Organization is warning that survivors of flooding in Libya remain in danger from contaminated flood water and a lack of medical supplies. It’s Friday, but how do you have a night out in a war zone? Russia launched its full-scale invasion of Ukraine a year and a half ago, and Ukrainians have had to change every part of their lives to deal with the assault. That includes how they spend their downtime.
07:54
15 Sep 23
Is the “last mile” of inflation actually the hardest?
The Wall Street Journal, Bloomberg and even banks themselves have said the “last mile” of inflation will be hardest to beat. But research doesn’t really shows that. So what’s with the hype? Plus, chip designer Arm’s valuation is officially $54 billion, making it the biggest IPO of the year. We’ll also hear about Americans over 60 who still owe student loans.
Is the “last mile” of inflation actually the hardest?
The Wall Street Journal, Bloomberg and even banks themselves have said the “last mile” of inflation will be hardest to beat. But research doesn’t really shows that. So what’s with the hype? Plus, chip designer Arm’s valuation is officially $54 billion, making it the biggest IPO of the year. We’ll also hear about Americans over 60 who still owe student loans.
06:45
14 Sep 23
Car repairflation
One spending category that is seeing inflated costs compared to last year, according to the August CPI, is motor vehicle repairs. We’ll visit a mechanic to find out why. Hint: New car parts are a lot more expensive than they used to be. Plus, tech giants met with congressional leaders to talk AI regulations and some C-suite execs see climate change disruptions as, frankly, not their problem.
Car repairflation
One spending category that is seeing inflated costs compared to last year, according to the August CPI, is motor vehicle repairs. We’ll visit a mechanic to find out why. Hint: New car parts are a lot more expensive than they used to be. Plus, tech giants met with congressional leaders to talk AI regulations and some C-suite execs see climate change disruptions as, frankly, not their problem.
07:26
14 Sep 23
Protests erupt in Syria
From the BBC World Service: The long-running civil war in Syria has led to fresh protests over the country’s crumbling economy; extreme inflation and a lack of basic supplies has pushed thousands to take to the streets. A major Australian property developer has apologized after calling for unemployment to rise in Australia by 50% so that people are reminded that they work for the employer — not the other way around. This weekend, Singapore plays host to Formula One’s night race and organizers have pledged to halve energy emissions by 2028. The F1 Group is aiming for net zero by 2030.
Protests erupt in Syria
From the BBC World Service: The long-running civil war in Syria has led to fresh protests over the country’s crumbling economy; extreme inflation and a lack of basic supplies has pushed thousands to take to the streets. A major Australian property developer has apologized after calling for unemployment to rise in Australia by 50% so that people are reminded that they work for the employer — not the other way around. This weekend, Singapore plays host to Formula One’s night race and organizers have pledged to halve energy emissions by 2028. The F1 Group is aiming for net zero by 2030.
08:05
14 Sep 23
Are the arts a worthwhile investment?
Waterville, Maine used to be home to a factory and mill. But when jobs left, the economy suffered. Now, Waterville’s Colby College is spending millions to transform the town into a haven for performing and visual arts. Will their investment pay off? Plus, gas prices spiked August inflation calculations, but that doesn’t spell bad news for the overall economy.
Are the arts a worthwhile investment?
Waterville, Maine used to be home to a factory and mill. But when jobs left, the economy suffered. Now, Waterville’s Colby College is spending millions to transform the town into a haven for performing and visual arts. Will their investment pay off? Plus, gas prices spiked August inflation calculations, but that doesn’t spell bad news for the overall economy.
07:54
13 Sep 23
Out with the old, in with the flu
Consumers spent $1.8 billion last year on decongestants, but next year might look different. Phenylephrine, a key ingredient found in most oral decongestants, was recently found to have zero efficacy. Basically, when it comes to un-stuffing your nose, it’s just as good as a sugar pill. Plus, video game developers in China are experimenting with AI and two states’ pension funds are suing Fox.
Out with the old, in with the flu
Consumers spent $1.8 billion last year on decongestants, but next year might look different. Phenylephrine, a key ingredient found in most oral decongestants, was recently found to have zero efficacy. Basically, when it comes to un-stuffing your nose, it’s just as good as a sugar pill. Plus, video game developers in China are experimenting with AI and two states’ pension funds are suing Fox.
08:09
13 Sep 23
US investors target another English soccer club
From the BBC World Service: American interest in the top level of English soccer continues. Miami investment firm 777 Partners is in talks to buy Everton, based in the city of Liverpool. If the deal goes through half of the clubs in England’s Premier League will have U.S.-based owners. Plus, Bernard Looney, chief executive of oil major BP, has resigned abruptly amid a review of his personal relationships with colleagues. And, why French regulators are worried about radiation levels from the iPhone 12.
US investors target another English soccer club
From the BBC World Service: American interest in the top level of English soccer continues. Miami investment firm 777 Partners is in talks to buy Everton, based in the city of Liverpool. If the deal goes through half of the clubs in England’s Premier League will have U.S.-based owners. Plus, Bernard Looney, chief executive of oil major BP, has resigned abruptly amid a review of his personal relationships with colleagues. And, why French regulators are worried about radiation levels from the iPhone 12.
07:29
13 Sep 23
We don’t pay teachers enough
Only a third of teachers think their salary is adequate, according to a recent survey. Could raises be key to keeping teachers from quitting? Plus, the New York Fed says pessimism about credit, income, and the odds of getting laid off or fired is up. We’ll discuss why that gloomy outlook doesn’t match official reports of strong employment and cooling inflation.
We don’t pay teachers enough
Only a third of teachers think their salary is adequate, according to a recent survey. Could raises be key to keeping teachers from quitting? Plus, the New York Fed says pessimism about credit, income, and the odds of getting laid off or fired is up. We’ll discuss why that gloomy outlook doesn’t match official reports of strong employment and cooling inflation.
07:46
12 Sep 23
What does it take to fix Main Street?
In 2010, “Marketplace Morning Report” host David Brancaccio featured his hometown in a documentary about better ideas for the economy. It opened the film as an example of a place sorely needing solutions. A dozen years later, Waterville, Maine is experiencing the benefits of reinvestment. We’ll talk about how. Plus, Google’s antitrust trial begins today.
What does it take to fix Main Street?
In 2010, “Marketplace Morning Report” host David Brancaccio featured his hometown in a documentary about better ideas for the economy. It opened the film as an example of a place sorely needing solutions. A dozen years later, Waterville, Maine is experiencing the benefits of reinvestment. We’ll talk about how. Plus, Google’s antitrust trial begins today.
07:16
12 Sep 23
The biggest company you’ve never heard of is set to join the Nasdaq
From the BBC World Service: U.K.-based Arm Holdings is set to launch on the Nasdaq this week. BBC’s Simon Jack explains why they’re probably the biggest company you’ve never heard of. Plus, caterers are facing increasing pressure to host extravagant weddings due to social media, as BBC’s Elizabeth Hotson reports.
The biggest company you’ve never heard of is set to join the Nasdaq
From the BBC World Service: U.K.-based Arm Holdings is set to launch on the Nasdaq this week. BBC’s Simon Jack explains why they’re probably the biggest company you’ve never heard of. Plus, caterers are facing increasing pressure to host extravagant weddings due to social media, as BBC’s Elizabeth Hotson reports.
06:59
12 Sep 23
SNAP’s work requirement age just went up
Adjustments to SNAP — part of debt ceiling negotiations earlier this year — will start phasing in soon. Among them is a higher age cutoff for work requirements, which will go from 49 to 54 by 2024. Hundreds of thousands may lose SNAP benefits. Plus, UPS and FedEx rate hikes signal a back-to-normal supply chain, and we’ll recap Biden’s visit to Vietnam.
SNAP’s work requirement age just went up
Adjustments to SNAP — part of debt ceiling negotiations earlier this year — will start phasing in soon. Among them is a higher age cutoff for work requirements, which will go from 49 to 54 by 2024. Hundreds of thousands may lose SNAP benefits. Plus, UPS and FedEx rate hikes signal a back-to-normal supply chain, and we’ll recap Biden’s visit to Vietnam.
07:07
11 Sep 23
Paying the way to market dominance
Did you know that Google pays other tech companies billions to remain the default search engine? The Justice Department says that’s abuse of monopoly power, but Google maintains it’s normal practice in the tech industry. Tomorrow, the antitrust trial begins. Plus, the UAW is just days away from a possible strike.
Paying the way to market dominance
Did you know that Google pays other tech companies billions to remain the default search engine? The Justice Department says that’s abuse of monopoly power, but Google maintains it’s normal practice in the tech industry. Tomorrow, the antitrust trial begins. Plus, the UAW is just days away from a possible strike.
07:18
11 Sep 23
Devastation in the Atlas Mountains
From the BBC World Service: As the death toll mounts following the earthquake in Morocco, businesses in Marrakesh are asking tourists not to turn their backs on them. The BBC’s Anna Holligan reports from Marrakesh. Also, with President Biden visiting, Vietnam has ordered $8 billion worth of jets from Boeing. Finally, Vivienne Nunis reports from Manchester, England, where the world’s best florists have congregated for the World Cup of Flowers.
Devastation in the Atlas Mountains
From the BBC World Service: As the death toll mounts following the earthquake in Morocco, businesses in Marrakesh are asking tourists not to turn their backs on them. The BBC’s Anna Holligan reports from Marrakesh. Also, with President Biden visiting, Vietnam has ordered $8 billion worth of jets from Boeing. Finally, Vivienne Nunis reports from Manchester, England, where the world’s best florists have congregated for the World Cup of Flowers.
07:30
11 Sep 23
Little hints from the Fed
Federal Reserve officials are keeping a low profile ahead of its upcoming meeting on interest rates. But some economists are playing detective — following the crumbs central bankers have left and trying to deduce whether rates will go up again. Plus, while U.S. office spaces remain empty, things look different Singapore. We’ll visit a business district during the lunch rush.
Little hints from the Fed
Federal Reserve officials are keeping a low profile ahead of its upcoming meeting on interest rates. But some economists are playing detective — following the crumbs central bankers have left and trying to deduce whether rates will go up again. Plus, while U.S. office spaces remain empty, things look different Singapore. We’ll visit a business district during the lunch rush.
07:30
8 Sep 23
President Xi skips G20, China broadens iPhone ban
China’s president Xi Jinping won’t be at this weekend’s G20 summit in India. Could his absence be due to geopolitical tensions or economic troubles at home? We’ll check in with Marketplace’s China correspondent Jennifer Pak. Plus, Apple feels the fallout from further iPhone bans for Chinese government employees and the services sector has a sunny economic outlook.
President Xi skips G20, China broadens iPhone ban
China’s president Xi Jinping won’t be at this weekend’s G20 summit in India. Could his absence be due to geopolitical tensions or economic troubles at home? We’ll check in with Marketplace’s China correspondent Jennifer Pak. Plus, Apple feels the fallout from further iPhone bans for Chinese government employees and the services sector has a sunny economic outlook.
07:59
8 Sep 23
Workers at LNG projects go on strike
From the BBC World Service: Workers are striking at Chevron Australia Liquid Natural Gas projects. The action could disrupt output from facilities that account for over 5% of global supply. Indian authorities have come in for criticism over efforts to spruce up the capital Delhi ahead of the G20 meeting this weekend. Unlike in the U.S., workers in Singapore have been returning to the office en-masse and city centers are booming. In London, 140,000 people have visited Sotheby’s auction house to view items that belonged to the late Queen singer, Freddie Mercury; his piano and handwritten lyrics have sold for millions.
Workers at LNG projects go on strike
From the BBC World Service: Workers are striking at Chevron Australia Liquid Natural Gas projects. The action could disrupt output from facilities that account for over 5% of global supply. Indian authorities have come in for criticism over efforts to spruce up the capital Delhi ahead of the G20 meeting this weekend. Unlike in the U.S., workers in Singapore have been returning to the office en-masse and city centers are booming. In London, 140,000 people have visited Sotheby’s auction house to view items that belonged to the late Queen singer, Freddie Mercury; his piano and handwritten lyrics have sold for millions.
08:26
8 Sep 23
No more iPhones for Chinese government officials
China has barred government officials from using foreign-branded devices, according to the multiple published reports. Is the move because China’s own smartphone company is catching up to U.S.-designed ones, or is it a result of still-icy U.S.-China trade relations, especially when it comes to tech? Plus, as part of this week’s global look at real estate, we’ll visit Mumbai.
No more iPhones for Chinese government officials
China has barred government officials from using foreign-branded devices, according to the multiple published reports. Is the move because China’s own smartphone company is catching up to U.S.-designed ones, or is it a result of still-icy U.S.-China trade relations, especially when it comes to tech? Plus, as part of this week’s global look at real estate, we’ll visit Mumbai.
07:46
7 Sep 23
Cracking down on stolen wages
Wage theft — employers paying less than the minimum for time worked — is believed to be extremely common across the U.S. Often, rules against it are hard to enforce. We’ll visit one county that’s tackling the issue by putting food permits on the line for restaurant owners who won’t pay up. Plus, Google has new political advertising AI rules and 74 million Americans will gamble on NFL games this season.
Cracking down on stolen wages
Wage theft — employers paying less than the minimum for time worked — is believed to be extremely common across the U.S. Often, rules against it are hard to enforce. We’ll visit one county that’s tackling the issue by putting food permits on the line for restaurant owners who won’t pay up. Plus, Google has new political advertising AI rules and 74 million Americans will gamble on NFL games this season.
07:29
7 Sep 23
Can Deezer shake-up the streaming model?
From the BBC World Service: French streaming platform Deezer and Taylor Swift’s label Universal Music have agreed a new plan for the way artists receive royalties. It’s based on the idea of prioritizing professional musicians over amateurs, and streams of ambient sound and white noise. As Deezer puts it: Harry Styles deserves a bigger reward than the sound of a washing machine. But will it shake-up the market? We speak to Deezer’s chief operating officer Gitte Bendzulla. Plus, earlier this week we looked at how working from home had changed an office district in London. Today we’re off to India where the software company Zoho is trialling what you might call ‘working from the village’. The idea is to help employees enjoy a more affordable lifestyle whilst also boosting rural communities.
Can Deezer shake-up the streaming model?
From the BBC World Service: French streaming platform Deezer and Taylor Swift’s label Universal Music have agreed a new plan for the way artists receive royalties. It’s based on the idea of prioritizing professional musicians over amateurs, and streams of ambient sound and white noise. As Deezer puts it: Harry Styles deserves a bigger reward than the sound of a washing machine. But will it shake-up the market? We speak to Deezer’s chief operating officer Gitte Bendzulla. Plus, earlier this week we looked at how working from home had changed an office district in London. Today we’re off to India where the software company Zoho is trialling what you might call ‘working from the village’. The idea is to help employees enjoy a more affordable lifestyle whilst also boosting rural communities.
11:14
7 Sep 23
What does your car know about you?
A new study from the Mozilla Foundation is looking at what types of data carmakers collect, and how they use it. It’s one thing if your car can guess what music you like, but its another for it to have medical information. How much is too much? Plus, a look at how empty office spaces are being repurposed in New York City.
What does your car know about you?
A new study from the Mozilla Foundation is looking at what types of data carmakers collect, and how they use it. It’s one thing if your car can guess what music you like, but its another for it to have medical information. How much is too much? Plus, a look at how empty office spaces are being repurposed in New York City.
07:04
6 Sep 23
IPO temperature check
Recession concerns, the war in Ukraine and more have prevented companies from going public for a while. Those risks, while not gone, are now old news. Could it be the perfect time for chip company Arm to launch its initial public offering? It could shock the IPO market out of a sluggish period. Plus, JCPenney is getting a billion dollar remodel. We’ll hear from its CEO.
IPO temperature check
Recession concerns, the war in Ukraine and more have prevented companies from going public for a while. Those risks, while not gone, are now old news. Could it be the perfect time for chip company Arm to launch its initial public offering? It could shock the IPO market out of a sluggish period. Plus, JCPenney is getting a billion dollar remodel. We’ll hear from its CEO.
07:32
6 Sep 23
Taking on the tech giants
From the BBC World Service: Services run by the world’s biggest tech companies are a part of everyone’s daily lives, but governments have been playing catch up when it comes to regulating their power. Today the European Union will publish a list of companies, known as gatekeepers, that will be subject to new rules aimed at encouraging competition and stopping big players from crushing smaller rivals. Plus, are you a fan of K-pop? It’s now estimated the industry earns South Korea around $10 billion a year. But it’s not just famous bands like BTS that are turning K-pop into a valuable export. Choreographers behind the dances are quickly gaining a following well beyond South Korea’s borders.
Taking on the tech giants
From the BBC World Service: Services run by the world’s biggest tech companies are a part of everyone’s daily lives, but governments have been playing catch up when it comes to regulating their power. Today the European Union will publish a list of companies, known as gatekeepers, that will be subject to new rules aimed at encouraging competition and stopping big players from crushing smaller rivals. Plus, are you a fan of K-pop? It’s now estimated the industry earns South Korea around $10 billion a year. But it’s not just famous bands like BTS that are turning K-pop into a valuable export. Choreographers behind the dances are quickly gaining a following well beyond South Korea’s borders.
06:53
6 Sep 23
Cloudy with a chance of recession
While a recession isn’t completely out of the question, the odds are certainly shrinking. We’ll do the economic forecast with Julia Coronado, president and founder of MacroPolicy Perspectives. Plus, a visit to London where remote work is changing the landscape of a district that used to be bustling with bankers.
Cloudy with a chance of recession
While a recession isn’t completely out of the question, the odds are certainly shrinking. We’ll do the economic forecast with Julia Coronado, president and founder of MacroPolicy Perspectives. Plus, a visit to London where remote work is changing the landscape of a district that used to be bustling with bankers.
06:33
5 Sep 23
Can green investing change the world?
In recent years, ESG funds — that’s environmental, social, government funds — have become popular for investors who are concerned about the impact of their portfolio beyond the bottom line. But could investing in green tech or net zero initiatives really help the fight against climate change? We’ll also look at women’s workforce participation and Spectrum’s clash with Disney.
Can green investing change the world?
In recent years, ESG funds — that’s environmental, social, government funds — have become popular for investors who are concerned about the impact of their portfolio beyond the bottom line. But could investing in green tech or net zero initiatives really help the fight against climate change? We’ll also look at women’s workforce participation and Spectrum’s clash with Disney.
06:57
5 Sep 23
Can Turkey broker a deal with Russia to re-open grain shipments?
From the BBC World Service: Russian President Vladimir Putin has said that the landmark Black Sea grain deal with Ukraine will not be restored until the West meets Moscow’s demands on its agricultural exports. BBC’s Victoria Craig joins us from Ankara in Turkey to discuss the latest developments. Also, Sarah Dalton, Head of the Doctors’ Union in New Zealand, explains why thousands of her members are going on strike for the first time ever. Finally, the BBC’s Leanna Byrne explores the impact of post-pandemic home working.
Can Turkey broker a deal with Russia to re-open grain shipments?
From the BBC World Service: Russian President Vladimir Putin has said that the landmark Black Sea grain deal with Ukraine will not be restored until the West meets Moscow’s demands on its agricultural exports. BBC’s Victoria Craig joins us from Ankara in Turkey to discuss the latest developments. Also, Sarah Dalton, Head of the Doctors’ Union in New Zealand, explains why thousands of her members are going on strike for the first time ever. Finally, the BBC’s Leanna Byrne explores the impact of post-pandemic home working.
06:24
5 Sep 23
Video games for all!
In the spring, “Marketplace Morning Report” host David Brancaccio visited Gameheads, a video game developing and mentorship program in the Bay Area. We’ll travel back for their end of summer celebration and hear what students have been working on, including projects that explore gentrification, LGBTQ relationships and emotional wellbeing. Plus, support for labor unions is up in the U.S.
Video games for all!
In the spring, “Marketplace Morning Report” host David Brancaccio visited Gameheads, a video game developing and mentorship program in the Bay Area. We’ll travel back for their end of summer celebration and hear what students have been working on, including projects that explore gentrification, LGBTQ relationships and emotional wellbeing. Plus, support for labor unions is up in the U.S.
07:01
4 Sep 23
Labor unions mean better wages for all
This Labor Day, we’re looking at a new report from the Treasury department about the impact of labor unions on wages. The report found union membership boosts pay 10-15%, and gains can be even more significant for underrepresented groups. After that, we’ll do the odds of an economic soft landing, and travel to Italy, where getting a cab is becoming impossible.
Labor unions mean better wages for all
This Labor Day, we’re looking at a new report from the Treasury department about the impact of labor unions on wages. The report found union membership boosts pay 10-15%, and gains can be even more significant for underrepresented groups. After that, we’ll do the odds of an economic soft landing, and travel to Italy, where getting a cab is becoming impossible.
06:54
4 Sep 23
Skin in the Game: Lessons from the video game industry
Video games are bigger than movies and music combined. What can the games — and the vast industry that surrounds them — teach us about economics, business, money and careers? We set out to answer this question by talking to folks inside the industry, as well as those trying to break into it. We visited the nonprofit mentoring program in Oakland, California, called Gameheads where, starting in high school, people go from playing video games to making them. Follow along with our podcast here, and then go check out our “Skin in the Game” immersive video series on YouTube. That goes behind the scenes to look more closely at how young people can crack into this industry. You can see the games we’ve been discussing, along with the game developers that built them.
Skin in the Game: Lessons from the video game industry
Video games are bigger than movies and music combined. What can the games — and the vast industry that surrounds them — teach us about economics, business, money and careers? We set out to answer this question by talking to folks inside the industry, as well as those trying to break into it. We visited the nonprofit mentoring program in Oakland, California, called Gameheads where, starting in high school, people go from playing video games to making them. Follow along with our podcast here, and then go check out our “Skin in the Game” immersive video series on YouTube. That goes behind the scenes to look more closely at how young people can crack into this industry. You can see the games we’ve been discussing, along with the game developers that built them.
25:07
1 Sep 23
The “good kind” of unemployment increase
New hiring data out today shows an increase in unemployment, but more Americans heading into the work force. Plus, a judge blocks an Arkansas law that would require proof of age for social media accounts, and an AI pop star raises copyright concerns.
The “good kind” of unemployment increase
New hiring data out today shows an increase in unemployment, but more Americans heading into the work force. Plus, a judge blocks an Arkansas law that would require proof of age for social media accounts, and an AI pop star raises copyright concerns.
07:01
1 Sep 23
Could secondhand shopping ever beat out fast fashion?
Fans have flocked to fast fashion retailers for their one-and-done summer tour outfits, but there’s a growing eco-friendly movement to shop secondhand. Plus, climate change drives up construction costs, and the launch of our new “Skin in the Game” podcast following the multi-billion-dollar video game industry.
Could secondhand shopping ever beat out fast fashion?
Fans have flocked to fast fashion retailers for their one-and-done summer tour outfits, but there’s a growing eco-friendly movement to shop secondhand. Plus, climate change drives up construction costs, and the launch of our new “Skin in the Game” podcast following the multi-billion-dollar video game industry.
06:54
1 Sep 23
Paris bans rented e-scooters
From the BBC World Service: A ban on electric scooters for hire has come into force in Paris. It follows a referendum in April in which residents of the French capital voted to remove them. If nothing is done to redress Africa’s huge debt burden, the consequences will be felt far outside the continent, according to a report from NGO, the ONE campaign. A major music label has signed a digital pop star, Noonoouri, whose voice has been made with the help of artificial intelligence; so what are the implications for the music industry?
Paris bans rented e-scooters
From the BBC World Service: A ban on electric scooters for hire has come into force in Paris. It follows a referendum in April in which residents of the French capital voted to remove them. If nothing is done to redress Africa’s huge debt burden, the consequences will be felt far outside the continent, according to a report from NGO, the ONE campaign. A major music label has signed a digital pop star, Noonoouri, whose voice has been made with the help of artificial intelligence; so what are the implications for the music industry?
06:47
1 Sep 23
Inflation could be sticking around
The Fed uses the PCE index as its preferred measure of inflation. July’s just came out and, unfortunately, inflation seems here to stay for a bit. Plus, Switzerland is trying to shake its reputation as a place for shady money practices, and Best Buy swears electronics demand will be on the upswing soon, despite experiencing a year of low sales.
Inflation could be sticking around
The Fed uses the PCE index as its preferred measure of inflation. July’s just came out and, unfortunately, inflation seems here to stay for a bit. Plus, Switzerland is trying to shake its reputation as a place for shady money practices, and Best Buy swears electronics demand will be on the upswing soon, despite experiencing a year of low sales.
09:03
31 Aug 23
What’s so good about PCE?
You probably know about the CPI, which reports of changes in average prices for different goods. But the Fed is more interested in the PCE index — personal consumption expenditure — which tracks consumer spending plus money spent on behalf of consumers. For example, what you spend on healthcare plus what your insurance company spends. That comes out today. Plus, Biden wants to make more workers eligible for overtime pay.
What’s so good about PCE?
You probably know about the CPI, which reports of changes in average prices for different goods. But the Fed is more interested in the PCE index — personal consumption expenditure — which tracks consumer spending plus money spent on behalf of consumers. For example, what you spend on healthcare plus what your insurance company spends. That comes out today. Plus, Biden wants to make more workers eligible for overtime pay.
08:50
31 Aug 23
Credit Suisse collapse gives UBS a major boost
From the BBC World Service: Think back to the spring — the collapse of Silicon Valley Bank sent shockwaves through the sector, eventually rippling out to Europe and contributing to the end of Credit Suisse. Its rival UBS swooped in, acquiring it through a $3 billion government-backed bailout. UBS has now reported the biggest ever quarterly profit for a bank — a $29 billion gain linked to the takeover. But it’s still pressing ahead with some major cutbacks. Plus, we take a look at the latest gloomy data on the state of China’s economy. And, how are tourist businesses on the Greek island of Rhodes faring after last month’s wildfires?
Credit Suisse collapse gives UBS a major boost
From the BBC World Service: Think back to the spring — the collapse of Silicon Valley Bank sent shockwaves through the sector, eventually rippling out to Europe and contributing to the end of Credit Suisse. Its rival UBS swooped in, acquiring it through a $3 billion government-backed bailout. UBS has now reported the biggest ever quarterly profit for a bank — a $29 billion gain linked to the takeover. But it’s still pressing ahead with some major cutbacks. Plus, we take a look at the latest gloomy data on the state of China’s economy. And, how are tourist businesses on the Greek island of Rhodes faring after last month’s wildfires?
07:49
31 Aug 23
Eviction or not, these tenants are being pushed out
Evictions are up, which can cause all sorts of health, job and education-related problems. But some renters don’t even get to have their day in court, thanks to landlords who illegally pressure tenants to move. Plus, Commerce Secretary Raimondo wraps up her “productive” visit to China, and Hurricane Idalia forced offshore oil platforms to evacuate.
Eviction or not, these tenants are being pushed out
Evictions are up, which can cause all sorts of health, job and education-related problems. But some renters don’t even get to have their day in court, thanks to landlords who illegally pressure tenants to move. Plus, Commerce Secretary Raimondo wraps up her “productive” visit to China, and Hurricane Idalia forced offshore oil platforms to evacuate.
08:16
30 Aug 23
What’s a fair price for blood thinners?
For the first time, Medicare will get to decide the “fair” price for certain medications, and then can negotiate with pharmaceutical companies to bring drug prices down. The first ten drugs under review were just announced. But could lower prices get in the way of medical innovation? Plus, the FDIC wants major regional banks to take on more long term debt.
What’s a fair price for blood thinners?
For the first time, Medicare will get to decide the “fair” price for certain medications, and then can negotiate with pharmaceutical companies to bring drug prices down. The first ten drugs under review were just announced. But could lower prices get in the way of medical innovation? Plus, the FDIC wants major regional banks to take on more long term debt.
08:14
30 Aug 23
The route most travelled: How migrants are making their way to Europe
From the BBC World Service: The BBC joins the Tunisian Coast Guard as the route from the north African country to Italy becomes the busiest route for migrants into Europe. Meanwhile, army officers have declared control over the oil-rich country Gabon. The BBC’s Africa Editor Will Ross explains what impact this could have. Finally, house sales in the U.K. fall by 20 percent in a month. We hear why from Aneisha Beveridge from Hamptons, a U.K.-based estate agency.
The route most travelled: How migrants are making their way to Europe
From the BBC World Service: The BBC joins the Tunisian Coast Guard as the route from the north African country to Italy becomes the busiest route for migrants into Europe. Meanwhile, army officers have declared control over the oil-rich country Gabon. The BBC’s Africa Editor Will Ross explains what impact this could have. Finally, house sales in the U.K. fall by 20 percent in a month. We hear why from Aneisha Beveridge from Hamptons, a U.K.-based estate agency.
08:47
30 Aug 23
Who’s gonna build a renewable energy grid?
Biden’s Inflation Reduction Act allocated a big lump of money for expanding renewable energy sources. But it doesn’t guarantee that the U.S. has enough people willing and able to actually manufacture and implement clean energy infrastructure. Plus, the FDIC will consider new bank stability rules, and American exports could benefit from stronger U.S.-China relations.
Who’s gonna build a renewable energy grid?
Biden’s Inflation Reduction Act allocated a big lump of money for expanding renewable energy sources. But it doesn’t guarantee that the U.S. has enough people willing and able to actually manufacture and implement clean energy infrastructure. Plus, the FDIC will consider new bank stability rules, and American exports could benefit from stronger U.S.-China relations.
08:09
29 Aug 23
A new-and-improved FAFSA
College-bound students (and their parents) know how complicated it is to complete the FAFSA. But with college costs rising, students need Pell Grants and financial aid now more than ever. Good news for them: A more streamlined FAFSA will be available in December. Plus, why startups are pivoting to a new fundraising avenue.
A new-and-improved FAFSA
College-bound students (and their parents) know how complicated it is to complete the FAFSA. But with college costs rising, students need Pell Grants and financial aid now more than ever. Good news for them: A more streamlined FAFSA will be available in December. Plus, why startups are pivoting to a new fundraising avenue.
09:16
29 Aug 23
London puts a price on pollution as it expands its ultra low emission zone
From the BBC World Service: London has today expanded its ultra-low emission zone (ULEZ), which is designed to clean up air quality in the British capital. The BBC’s Olie D’Albertanson explains the financial knock-on effect for those living and working there. We also hear from Frank Levin, a former U.S. under-secretary of commerce for international trade, on the efforts being made to restore relationships with China. Lastly, the BBC’s João da Silva reports on concerns over gas price rises, with workers at two large liquefied natural gas plants in Australia going on strike in a week.
London puts a price on pollution as it expands its ultra low emission zone
From the BBC World Service: London has today expanded its ultra-low emission zone (ULEZ), which is designed to clean up air quality in the British capital. The BBC’s Olie D’Albertanson explains the financial knock-on effect for those living and working there. We also hear from Frank Levin, a former U.S. under-secretary of commerce for international trade, on the efforts being made to restore relationships with China. Lastly, the BBC’s João da Silva reports on concerns over gas price rises, with workers at two large liquefied natural gas plants in Australia going on strike in a week.
08:34
29 Aug 23
Relief, and some uncertainty
Julia Coronado, president and founder of MacroPolicy Perspectives, says relief and uncertainty were in the air at last week’s Jackson Hole Economic Symposium. While signs point to positive progress when it comes to inflation and resilience, economists are still cautious. Plus, an oversupply of salmon in Alaskan fisheries has been bad for business.
Relief, and some uncertainty
Julia Coronado, president and founder of MacroPolicy Perspectives, says relief and uncertainty were in the air at last week’s Jackson Hole Economic Symposium. While signs point to positive progress when it comes to inflation and resilience, economists are still cautious. Plus, an oversupply of salmon in Alaskan fisheries has been bad for business.
07:55
28 Aug 23
4-day workweek, full-time pay
United Auto Workers voted to authorize a strike on Friday if the big three Detroit automakers don’t meet their demands. Those include wage bumps, pension benefits and transitioning to a four-day work week without taking a pay cut. But how’s that related to the rise of EVs? Plus, Commerce Secretary Gina Raimondo aims to strengthen economic ties with China, and wine sales boom in Lebanon.
4-day workweek, full-time pay
United Auto Workers voted to authorize a strike on Friday if the big three Detroit automakers don’t meet their demands. Those include wage bumps, pension benefits and transitioning to a four-day work week without taking a pay cut. But how’s that related to the rise of EVs? Plus, Commerce Secretary Gina Raimondo aims to strengthen economic ties with China, and wine sales boom in Lebanon.
08:48
28 Aug 23
China’s Evergrande stock plunges 87% as trading resumes
From the BBC World Service: China Evergrande Group’s shares resumed trading on Monday after a lengthy suspension, and investors in the real estate organisation took the chance to withdraw their money — the BBC’s Asia correspondent Mickey Bristow explains why. Plus, Lebanon is in the midst of a huge economic crisis: Inflation is in triple figures and the banking system has collapsed, but the wine industry is booming.
China’s Evergrande stock plunges 87% as trading resumes
From the BBC World Service: China Evergrande Group’s shares resumed trading on Monday after a lengthy suspension, and investors in the real estate organisation took the chance to withdraw their money — the BBC’s Asia correspondent Mickey Bristow explains why. Plus, Lebanon is in the midst of a huge economic crisis: Inflation is in triple figures and the banking system has collapsed, but the wine industry is booming.
08:31
28 Aug 23
A carbon… vacuum cleaner?
For years, companies have tried to invent tech that would make carbon capture viable. We’ll hear from Vijay Vaitheeswaran, global energy and climate innovation editor at The Economist, about the latest innovations in the field. Plus, Powell is set to kick off the Jackson Hole symposium, and the EU’s Digital Services Act goes into effect today.
A carbon… vacuum cleaner?
For years, companies have tried to invent tech that would make carbon capture viable. We’ll hear from Vijay Vaitheeswaran, global energy and climate innovation editor at The Economist, about the latest innovations in the field. Plus, Powell is set to kick off the Jackson Hole symposium, and the EU’s Digital Services Act goes into effect today.
01:30
25 Aug 23
In U.S. Steel sale, does the union get a say?
The United Steelworkers Union says they get to veto any buyer of U.S. Steel, and have a clear favorite contender. U.S. Steel says the union doesn’t have that power. We’ll get into the nitty-gritty of what might happen, including a strike. Plus, Subway got purchased by a private equity firm and and an ESPN live streaming deal that doesn’t require cable is in the works.
In U.S. Steel sale, does the union get a say?
The United Steelworkers Union says they get to veto any buyer of U.S. Steel, and have a clear favorite contender. U.S. Steel says the union doesn’t have that power. We’ll get into the nitty-gritty of what might happen, including a strike. Plus, Subway got purchased by a private equity firm and and an ESPN live streaming deal that doesn’t require cable is in the works.
07:57
25 Aug 23
New EU rules to keep tabs on tech titans
From the BBC World Service: The European Union’s Digital Services Act is coming into force today and some of the world’s tech giants will be directly affected. The world’s largest computer and video games festival, Games Com is wrapping up this weekend and a lot of the talk’s been about nostalgic titles and the possible take over of Activision Blizzard by Microsoft. The international leg of Taylor Swift’s Eras tour has kicked off in Mexico City. She’s on track to make one billion dollars from the tour, which would make it the highest-grossing series of concerts in history.
New EU rules to keep tabs on tech titans
From the BBC World Service: The European Union’s Digital Services Act is coming into force today and some of the world’s tech giants will be directly affected. The world’s largest computer and video games festival, Games Com is wrapping up this weekend and a lot of the talk’s been about nostalgic titles and the possible take over of Activision Blizzard by Microsoft. The international leg of Taylor Swift’s Eras tour has kicked off in Mexico City. She’s on track to make one billion dollars from the tour, which would make it the highest-grossing series of concerts in history.
08:08
25 Aug 23
New York City’s Airbnb crackdown is coming
Inside New York City’s looming Airbnb crackdown. Plus, NVIDIA’s gangbusters earnings report, Japan’s controversial discharge of radioactive waste water, and a check-in with struggling Chinese job seekers.
New York City’s Airbnb crackdown is coming
Inside New York City’s looming Airbnb crackdown. Plus, NVIDIA’s gangbusters earnings report, Japan’s controversial discharge of radioactive waste water, and a check-in with struggling Chinese job seekers.
11:06
24 Aug 23
A new plan to prevent airplane collisions
Following a troubling report on near-miss airplane accidents, the FAA is spending $120 million to help reduce the risk of collisions on airport runways. Plus, the bidding war for Yellow’s former trucking terminals, how businesses can better prepare for climate change, and New York’s coming crackdown on Airbnb rentals.
A new plan to prevent airplane collisions
Following a troubling report on near-miss airplane accidents, the FAA is spending $120 million to help reduce the risk of collisions on airport runways. Plus, the bidding war for Yellow’s former trucking terminals, how businesses can better prepare for climate change, and New York’s coming crackdown on Airbnb rentals.
08:34
24 Aug 23
Japan releases radioactive Fukushima water
From the BBC World Service… Japan has started to release radioactive water from its stricken Fukushima nuclear plant into the Pacific Ocean, sparking protests domestically and internationally. India’s moon rover has taken its first steps on the lunar surface a day after the country made history by becoming the first to land near the south pole. How much trouble is China’s economy in? Prices have begun falling, exports are down, and youth unemployment has risen above 21%.
Japan releases radioactive Fukushima water
From the BBC World Service… Japan has started to release radioactive water from its stricken Fukushima nuclear plant into the Pacific Ocean, sparking protests domestically and internationally. India’s moon rover has taken its first steps on the lunar surface a day after the country made history by becoming the first to land near the south pole. How much trouble is China’s economy in? Prices have begun falling, exports are down, and youth unemployment has risen above 21%.
09:45
24 Aug 23
Tech stocks rally, thanks to AI
The AI boom has driven up tech stocks this summer, meaning analysts are optimistic for chip maker NVIDIA’s earnings report earnings later today. But how much higher can tech stock get? Plus, a recent poll says one in three Israelis are considering emigration. We’ll hear from our partners at the BBC about potential economic consequences.
Tech stocks rally, thanks to AI
The AI boom has driven up tech stocks this summer, meaning analysts are optimistic for chip maker NVIDIA’s earnings report earnings later today. But how much higher can tech stock get? Plus, a recent poll says one in three Israelis are considering emigration. We’ll hear from our partners at the BBC about potential economic consequences.
09:02
23 Aug 23
Writer’s strike update
The Writer’s Guild of America is over 100 days in to a strike for updated wages, AI contract stipulations, higher streaming residuals and more. Still, a deal with the AMPTP doesn’t seem close. Plus, China’s troubled property sector has caused an economic slowdown and tremendous amounts of debt for local governments.
Writer’s strike update
The Writer’s Guild of America is over 100 days in to a strike for updated wages, AI contract stipulations, higher streaming residuals and more. Still, a deal with the AMPTP doesn’t seem close. Plus, China’s troubled property sector has caused an economic slowdown and tremendous amounts of debt for local governments.
08:53
23 Aug 23
India imposes a 40% export duty on onions
From the BBC World Service: India, the world’s largest onion exporter, has imposed a 40% export duty on onions. It’s an attempt to improve domestic availability and rein in soaring food price inflation. Israel’s political lurch to the right and its controversial plans to overhaul the justice system could be starting to have a direct impact on its population, with one in three Israelis now thinking of emigrating. India could make history if its third lunar mission successfully touches down near the moon’s south pole.
India imposes a 40% export duty on onions
From the BBC World Service: India, the world’s largest onion exporter, has imposed a 40% export duty on onions. It’s an attempt to improve domestic availability and rein in soaring food price inflation. Israel’s political lurch to the right and its controversial plans to overhaul the justice system could be starting to have a direct impact on its population, with one in three Israelis now thinking of emigrating. India could make history if its third lunar mission successfully touches down near the moon’s south pole.
08:13
23 Aug 23
Could there be an AI bubble?
News just came that chip firm Arm will go public, with a focus on using its products to assist the AI boom. But with all this money being thrown at relatively new tech, should investors worry it’s too much, too fast? Plus, a lesser-known economic indicator: How much money does it take for people to change jobs?We’ll also hear from the BBC how the Microsoft Activision acquisition is going across the pond.
Could there be an AI bubble?
News just came that chip firm Arm will go public, with a focus on using its products to assist the AI boom. But with all this money being thrown at relatively new tech, should investors worry it’s too much, too fast? Plus, a lesser-known economic indicator: How much money does it take for people to change jobs?We’ll also hear from the BBC how the Microsoft Activision acquisition is going across the pond.
08:38
22 Aug 23
At AMC, no more “preferred” stocks
Some companies have preferred and common stock options — sorta like the difference between cushy reserve-ahead recliners and run-of-the-mill seating at a movie theater. AMC has both types, but just worked out a deal to consolidate them all to the regular kind. We’ll dive into why. Plus, chip companies want to integrate AI and China thwarts U.S. semiconductor ambitions.
At AMC, no more “preferred” stocks
Some companies have preferred and common stock options — sorta like the difference between cushy reserve-ahead recliners and run-of-the-mill seating at a movie theater. AMC has both types, but just worked out a deal to consolidate them all to the regular kind. We’ll dive into why. Plus, chip companies want to integrate AI and China thwarts U.S. semiconductor ambitions.
08:58
22 Aug 23
Will Microsoft’s Activision Blizzard deal finally get done?
From the BBC World Service: Microsoft has filed changes to its proposed takeover video game maker, Activision Blizzard, in an attempt to win over the U.K. competition regulator, which previously blocked the $69 billion deal. The BRICS group of developing economies — Brazil, Russia, India, China, and South Africa — are meeting in Johannesburg for their annual summit. Expanding membership and de-dollarization are both high on the agenda. Jakarta is the world’s most polluted city; the air quality is so bad, that from today, thousands of civil servants will work from home for the next two months.
Will Microsoft’s Activision Blizzard deal finally get done?
From the BBC World Service: Microsoft has filed changes to its proposed takeover video game maker, Activision Blizzard, in an attempt to win over the U.K. competition regulator, which previously blocked the $69 billion deal. The BRICS group of developing economies — Brazil, Russia, India, China, and South Africa — are meeting in Johannesburg for their annual summit. Expanding membership and de-dollarization are both high on the agenda. Jakarta is the world’s most polluted city; the air quality is so bad, that from today, thousands of civil servants will work from home for the next two months.
09:43
22 Aug 23
What’s with unlimited PTO?
Increasingly, companies are offering unlimited paid time off. Some say it makes them more competitive in the hiring market, but labor experts think the practice has pitfalls. Plus, Brazil, Russia, India, China and South Africa — “BRICS” — are holding their first in-person summit since the pandemic began, and the credit quality of the banking industry is down.
What’s with unlimited PTO?
Increasingly, companies are offering unlimited paid time off. Some say it makes them more competitive in the hiring market, but labor experts think the practice has pitfalls. Plus, Brazil, Russia, India, China and South Africa — “BRICS” — are holding their first in-person summit since the pandemic began, and the credit quality of the banking industry is down.
08:46
21 Aug 23
Sustainable urban solutions
Despite being a hub for forward-thinking tech companies, San Francisco has struggled with pandemic recovery. Now, the World Economic Forum, Salesforce and Deloitte are teaming up to generate sustainable project ideas that might improve the city’s economic situation. Plus, we’ll hear about global wealth inequality and the state of women’s soccer, post-Spain’s World Cup 2023 win.
Sustainable urban solutions
Despite being a hub for forward-thinking tech companies, San Francisco has struggled with pandemic recovery. Now, the World Economic Forum, Salesforce and Deloitte are teaming up to generate sustainable project ideas that might improve the city’s economic situation. Plus, we’ll hear about global wealth inequality and the state of women’s soccer, post-Spain’s World Cup 2023 win.
09:30
21 Aug 23
China cuts key interest rate as recovery falters
From the BBC World Service: China’s economy hasn’t bounced back from the pandemic and now its central bank is stepping in, cutting one of its key interest rates for the second time in three months. Protests over economic hardship in Syria’s southern province of Sweida are continuing and there are calls for President Bashar al-Assad to step down. As the most successful Women’s World Cup finishes, the infrastructure and facilities for the women’s game lags behind the enthusiasm.
China cuts key interest rate as recovery falters
From the BBC World Service: China’s economy hasn’t bounced back from the pandemic and now its central bank is stepping in, cutting one of its key interest rates for the second time in three months. Protests over economic hardship in Syria’s southern province of Sweida are continuing and there are calls for President Bashar al-Assad to step down. As the most successful Women’s World Cup finishes, the infrastructure and facilities for the women’s game lags behind the enthusiasm.
09:52
21 Aug 23
Who wants to work in tourism?
A worker shortage in Croatia has employers scrambling. It’s the busy season for tourism, which is the country’s biggest industry, so many places that used to hire seasonal workers from adjacent countries are now recruiting from Asia. Plus, Evergrande files for U.S. bankruptcy protection and mortgage rates are high.
Who wants to work in tourism?
A worker shortage in Croatia has employers scrambling. It’s the busy season for tourism, which is the country’s biggest industry, so many places that used to hire seasonal workers from adjacent countries are now recruiting from Asia. Plus, Evergrande files for U.S. bankruptcy protection and mortgage rates are high.
08:22
18 Aug 23
The business of college soccer
Two-thirds of the teams competing in the 2023 women’s World Cup have at least one player that trained at a U.S. college. We’ll talk about why the college system is crucial for supporting women’s soccer at an international level. Plus, a Chinese real estate giant files for U.S. bankruptcy protection, and 30-year mortgage rates are at a 20-year high.
The business of college soccer
Two-thirds of the teams competing in the 2023 women’s World Cup have at least one player that trained at a U.S. college. We’ll talk about why the college system is crucial for supporting women’s soccer at an international level. Plus, a Chinese real estate giant files for U.S. bankruptcy protection, and 30-year mortgage rates are at a 20-year high.
08:44
18 Aug 23
Evergrande files for bankruptcy protection
From the BBC World Service: Chinese property giant Evergrande has filed for bankruptcy protection in the U.S. This allows the company, which is swimming in debt, to safeguard its assets in the U.S. The Women’s World Cup soccer tournament has been the most watched in history, giving a huge boost to hospitality spending. Tourism is Croatia’s largest industry and increasingly tourists are being served by workers who’ve travelled thousands of miles themselves, as businesses turn to Asia to solve staff shortages.
Evergrande files for bankruptcy protection
From the BBC World Service: Chinese property giant Evergrande has filed for bankruptcy protection in the U.S. This allows the company, which is swimming in debt, to safeguard its assets in the U.S. The Women’s World Cup soccer tournament has been the most watched in history, giving a huge boost to hospitality spending. Tourism is Croatia’s largest industry and increasingly tourists are being served by workers who’ve travelled thousands of miles themselves, as businesses turn to Asia to solve staff shortages.
07:52
18 Aug 23
A 10 year crystal ball
The yield on the 10-year Treasury note — that’s the return you get from investing in one — has hit a high not seen since 2007. We’ll talk about what this could be predicting about the future of interest rates and the economy in general. Plus, the minutes from last month’s Fed meeting, and a rise in the popularity of all-inclusive resorts.
A 10 year crystal ball
The yield on the 10-year Treasury note — that’s the return you get from investing in one — has hit a high not seen since 2007. We’ll talk about what this could be predicting about the future of interest rates and the economy in general. Plus, the minutes from last month’s Fed meeting, and a rise in the popularity of all-inclusive resorts.
08:13
17 Aug 23
The cost of the Maui fire
Accuweather has predicted the economic toll of the wildfires that ripped through Maui last week could be as high as $16 billion. That’s a combination of home and job losses, structural damage, the mental and physical effects on residents and more. Before that: Why new home construction could slow, and what Fed chair Jerome Powell might say at the upcoming Jackson Hole Symposium.
The cost of the Maui fire
Accuweather has predicted the economic toll of the wildfires that ripped through Maui last week could be as high as $16 billion. That’s a combination of home and job losses, structural damage, the mental and physical effects on residents and more. Before that: Why new home construction could slow, and what Fed chair Jerome Powell might say at the upcoming Jackson Hole Symposium.
09:09
17 Aug 23
Tomatoes off the menu at Burger King
From the BBC World Service: Burger King has scrapped tomatoes from wraps and burgers in Indian outlets after prices more than quadrupled. McDonalds and Subway in India have also taken tomatoes off the menu due to soaring costs. The Panama Canal has extended restrictions on vessels as it battles an on-going drought; maritime firms say this adds delays and extra fees, inflating shipping costs. All inclusive holidays are growing in popularity, with Marriott and Hyatt expanding their offerings.
Tomatoes off the menu at Burger King
From the BBC World Service: Burger King has scrapped tomatoes from wraps and burgers in Indian outlets after prices more than quadrupled. McDonalds and Subway in India have also taken tomatoes off the menu due to soaring costs. The Panama Canal has extended restrictions on vessels as it battles an on-going drought; maritime firms say this adds delays and extra fees, inflating shipping costs. All inclusive holidays are growing in popularity, with Marriott and Hyatt expanding their offerings.
10:43
17 Aug 23
In Barcelona, a tourism paradox
Millions of people visit Barcelona every year, but residents are less than enthusiastic about living among tourists and some are being pushed out of their homes. Our partners at the BBC take us to Spain to hear about this economic dilemma. Plus, consumer spending from a few angles, and an explanation of why the Fed could cut interest rates sometime soon.
In Barcelona, a tourism paradox
Millions of people visit Barcelona every year, but residents are less than enthusiastic about living among tourists and some are being pushed out of their homes. Our partners at the BBC take us to Spain to hear about this economic dilemma. Plus, consumer spending from a few angles, and an explanation of why the Fed could cut interest rates sometime soon.
08:22
16 Aug 23
China’s deflation problem
While inflation and interest rates stay high in the U.S., China is suffering from the opposite problem: deflation. We’ll hear from Marketplace’s China correspondent Jennifer Pak about the problems that come with steeply falling prices, including layoffs and decreased consumer spending. Plus, the UAW could vote to authorize a strike next week, and Novo Nordisk can’t produce enough of their buzzy weight loss drugs.
China’s deflation problem
While inflation and interest rates stay high in the U.S., China is suffering from the opposite problem: deflation. We’ll hear from Marketplace’s China correspondent Jennifer Pak about the problems that come with steeply falling prices, including layoffs and decreased consumer spending. Plus, the UAW could vote to authorize a strike next week, and Novo Nordisk can’t produce enough of their buzzy weight loss drugs.
08:38
16 Aug 23
Ralph Lauren under investigation in Canada
From the BBC World Service: Canada’s corporate ethics watchdog is investigating the local unit of the fashion retailer, Ralph Lauren, over accusations it used forced labour from China’s Uyghur minority in its supply chain. A year ago, President Biden signed the Inflation Reduction Act into U.S. law; but America’s first serious attempt to tackle the climate crisis has ruffled European feathers. And we look at why Barcelona is a victim of its own success, with the sheer volume of tourists creating problems.
Ralph Lauren under investigation in Canada
From the BBC World Service: Canada’s corporate ethics watchdog is investigating the local unit of the fashion retailer, Ralph Lauren, over accusations it used forced labour from China’s Uyghur minority in its supply chain. A year ago, President Biden signed the Inflation Reduction Act into U.S. law; but America’s first serious attempt to tackle the climate crisis has ruffled European feathers. And we look at why Barcelona is a victim of its own success, with the sheer volume of tourists creating problems.
08:36
16 Aug 23
The constitutional right to a clean environment
A group of young climate activists sued their home state of Montana over the right to a clean environment, as promised in state’s constitution. Yesterday, they won. Plus, China has stopped reporting its youth employment rate, retail sales were up higher than expected in July, and we board a cruise to hear about the industry’s bounce back from pandemic lows.
The constitutional right to a clean environment
A group of young climate activists sued their home state of Montana over the right to a clean environment, as promised in state’s constitution. Yesterday, they won. Plus, China has stopped reporting its youth employment rate, retail sales were up higher than expected in July, and we board a cruise to hear about the industry’s bounce back from pandemic lows.
09:25
15 Aug 23
Are office districts obsolete?
In efforts to revitalize downtown areas during the era of remote work, some cities are refocusing from work to play. We’ll visit San Francisco, where the transition has been difficult. Plus, new bank regulations are coming in response to the banking crisis earlier this year, and some young people got into investing during the pandemic.
Are office districts obsolete?
In efforts to revitalize downtown areas during the era of remote work, some cities are refocusing from work to play. We’ll visit San Francisco, where the transition has been difficult. Plus, new bank regulations are coming in response to the banking crisis earlier this year, and some young people got into investing during the pandemic.
08:39
15 Aug 23
Afghanistan funding shortfall could lead to hunger
From the BBC World Service: The United Nations has warned that a huge shortfall in funding could lead to the collapse of the Afghanistan’s health system and widespread hunger. The cruise industry is making a post-covid comeback with American passengers accounting for 50% of global revenue. The CFO of Novo Nordisk explains why it’s limiting the global roll out of its weight loss drug Wegovy.
Afghanistan funding shortfall could lead to hunger
From the BBC World Service: The United Nations has warned that a huge shortfall in funding could lead to the collapse of the Afghanistan’s health system and widespread hunger. The cruise industry is making a post-covid comeback with American passengers accounting for 50% of global revenue. The CFO of Novo Nordisk explains why it’s limiting the global roll out of its weight loss drug Wegovy.
09:18
15 Aug 23
The cost of motherhood
August 15th is this year’s Mothers’ Equal Pay Day, which marks how far into 2023 moms had to work to catch up to what dads made in 2022. Black, Latina and Native women would have to work even longer. What could close the gap? But before that, we’ll look at stablecoin regulation and the Afghani women’s national soccer team.
The cost of motherhood
August 15th is this year’s Mothers’ Equal Pay Day, which marks how far into 2023 moms had to work to catch up to what dads made in 2022. Black, Latina and Native women would have to work even longer. What could close the gap? But before that, we’ll look at stablecoin regulation and the Afghani women’s national soccer team.
09:07
14 Aug 23
Tensions in the Black Sea
From the BBC World Service: Ukraine has accused Russia of piracy in the Black Sea, alleging that a Russian warship fired on a cargo vessel near Turkey’s coast. The U.S.-based Miss Universe organization, which hosts beauty pageants around the world, has cut ties with Miss Universe Indonesia after local organizers were accused of sexual assault. We’ll also hear from some of the players on the Afghan national women’s soccer team who escaped to Australia following the Taliban takeover two years ago.
Tensions in the Black Sea
From the BBC World Service: Ukraine has accused Russia of piracy in the Black Sea, alleging that a Russian warship fired on a cargo vessel near Turkey’s coast. The U.S.-based Miss Universe organization, which hosts beauty pageants around the world, has cut ties with Miss Universe Indonesia after local organizers were accused of sexual assault. We’ll also hear from some of the players on the Afghan national women’s soccer team who escaped to Australia following the Taliban takeover two years ago.
08:22
14 Aug 23
The key to Fresno’s future
In the aftermath of pandemic shutdowns, some cities are recovering better than others. One study put Fresno — a place that doesn’t tend to get the best PR — high on the most improved list. We’ll visit the California city to figure out what they’re doing right. Plus, U.S. Steel rejected a buyout bid from Ohio-based Cleveland-Cliffs.
The key to Fresno’s future
In the aftermath of pandemic shutdowns, some cities are recovering better than others. One study put Fresno — a place that doesn’t tend to get the best PR — high on the most improved list. We’ll visit the California city to figure out what they’re doing right. Plus, U.S. Steel rejected a buyout bid from Ohio-based Cleveland-Cliffs.
08:48
14 Aug 23
No money? No problem
Hip-hop is a multi-billion dollar industry, but it wasn’t always that way. For the 50th anniversary of the genre, we’re looking at early entrepreneurs in the business — from a taxi company to a streetwear line. Plus, food prices are up more than inflation, and the IRS lost millions of tax records stored on microfilm.
No money? No problem
Hip-hop is a multi-billion dollar industry, but it wasn’t always that way. For the 50th anniversary of the genre, we’re looking at early entrepreneurs in the business — from a taxi company to a streetwear line. Plus, food prices are up more than inflation, and the IRS lost millions of tax records stored on microfilm.
08:25
11 Aug 23
Travel on climate change’s schedule
Thanks to upticks in extreme heat, wildfires, hurricanes and more, travelers are being extra choosy about where and when they vacation. Some are even planning travel to places that will soon be near-impossible to get to, thanks to climate change. Plus, an update on a Purdue Pharma settlement that would protect the Sackler family from civil suits, and a look at real estate troubles in China.
Travel on climate change’s schedule
Thanks to upticks in extreme heat, wildfires, hurricanes and more, travelers are being extra choosy about where and when they vacation. Some are even planning travel to places that will soon be near-impossible to get to, thanks to climate change. Plus, an update on a Purdue Pharma settlement that would protect the Sackler family from civil suits, and a look at real estate troubles in China.
09:31
11 Aug 23
Rice prices highest in 12 years
From the BBC World Service: Rice prices have surged to their highest levels in almost 12 years, according to the United Nations’ food agency. India’s rice export ban and adverse weather conditions are the main culprits. Hip-hop is 50 years old; it all started in the Bronx and is now a multi-billion dollar global phenomenon. Saudi Arabia’s soccer Pro League is kicking off today; but is it going to be an expensive flash in the pan?
Rice prices highest in 12 years
From the BBC World Service: Rice prices have surged to their highest levels in almost 12 years, according to the United Nations’ food agency. India’s rice export ban and adverse weather conditions are the main culprits. Hip-hop is 50 years old; it all started in the Bronx and is now a multi-billion dollar global phenomenon. Saudi Arabia’s soccer Pro League is kicking off today; but is it going to be an expensive flash in the pan?
07:41
11 Aug 23
Off to the races
ESPN just made $2 billion in a deal with a casino company to put its name on their sports betting website and app. ESPN may be adding gambling to their portfolio because traditional revenue streams don’t cut it anymore. Plus, worker productivity is up — how come? We’ll also look at WeWork’s fizzle into likely closure, and what the July CPI means for rate hikes.
Off to the races
ESPN just made $2 billion in a deal with a casino company to put its name on their sports betting website and app. ESPN may be adding gambling to their portfolio because traditional revenue streams don’t cut it anymore. Plus, worker productivity is up — how come? We’ll also look at WeWork’s fizzle into likely closure, and what the July CPI means for rate hikes.
10:09
10 Aug 23
Why do collectors collect?
Is it about hoping to making a ton of money someday, or the satisfaction of having a full set? Collectibles expert Harry Rinker, also known as the Beanie Meanie, talks us through why so many people spent big on Beanie Babies and the risks of the collecting economy. Plus, airlines step in to fly people out of Maui during catastrophic wildfires.
Why do collectors collect?
Is it about hoping to making a ton of money someday, or the satisfaction of having a full set? Collectibles expert Harry Rinker, also known as the Beanie Meanie, talks us through why so many people spent big on Beanie Babies and the risks of the collecting economy. Plus, airlines step in to fly people out of Maui during catastrophic wildfires.
08:52
10 Aug 23
China criticizes U.S. investment ban
From the BBC World Service: We look at the impact of a new U.S. policy that will seek to restrict American investment in Chinese tech, especially in sensitive technologies like computer chips. The aim is to ensure that U.S. cash does not support China’s military modernisation. Plus, as West African leaders meet again to discuss the coup in Niger we hear how it’s affecting life on the ground for people in the country. And, Cher has been selling her own ice cream around Los Angeles, the Cherlato. We speak to the New Zealand ice cream maker behind the brand, Giapo Grazioli.
China criticizes U.S. investment ban
From the BBC World Service: We look at the impact of a new U.S. policy that will seek to restrict American investment in Chinese tech, especially in sensitive technologies like computer chips. The aim is to ensure that U.S. cash does not support China’s military modernisation. Plus, as West African leaders meet again to discuss the coup in Niger we hear how it’s affecting life on the ground for people in the country. And, Cher has been selling her own ice cream around Los Angeles, the Cherlato. We speak to the New Zealand ice cream maker behind the brand, Giapo Grazioli.
07:54
10 Aug 23
No texting at work!
Federal regulators are cracking down on Wall Street traders using side-channels like text messaging and Signal to make deals and trades. Nearly a dozen firms will pay $549 million in fines. Plus, young people in China are looking for affordable housing solutions, and a new “biodiversity credit” could help heal ecosystems.
No texting at work!
Federal regulators are cracking down on Wall Street traders using side-channels like text messaging and Signal to make deals and trades. Nearly a dozen firms will pay $549 million in fines. Plus, young people in China are looking for affordable housing solutions, and a new “biodiversity credit” could help heal ecosystems.
08:50
9 Aug 23
Got debt?
For the first time, credit card debt in the U.S. has hit $1 trillion. The record was hit thanks to a combination of inflation, high interest rates and Gen Z confidence. Plus, the Biden administration is expected to restrict U.S. firms from investing in certain kinds of China-based tech. We’ll also discuss diversity at a major upcoming economic conference. Update (8/9/23): The story about diversifying the Kansas City Fed’s Economic Policy Symposium has been updated to accurately reflect Boston Fed President Susan Collins’ involvement. For more information, check out the story on marketplace.org.
Got debt?
For the first time, credit card debt in the U.S. has hit $1 trillion. The record was hit thanks to a combination of inflation, high interest rates and Gen Z confidence. Plus, the Biden administration is expected to restrict U.S. firms from investing in certain kinds of China-based tech. We’ll also discuss diversity at a major upcoming economic conference. Update (8/9/23): The story about diversifying the Kansas City Fed’s Economic Policy Symposium has been updated to accurately reflect Boston Fed President Susan Collins’ involvement. For more information, check out the story on marketplace.org.
08:51
9 Aug 23
Made in China: How the world’s second largest economy battles deflation
From the BBC World Service: China’s economy is facing a new challenge: deflation — which is a sustained decrease in prices. This could have a negative impact on economic growth and consumer spending. Stephen McDonnell, the BBC’s China Correspondent, explains what is going on and why it matters. Plus, leaders of eight South American countries have signed a joint declaration at a summit in the Brazilian city of Belém, aimed at cutting deforestation, but does it go far enough? The BBC’s Katy Watson reports from the meeting.
Made in China: How the world’s second largest economy battles deflation
From the BBC World Service: China’s economy is facing a new challenge: deflation — which is a sustained decrease in prices. This could have a negative impact on economic growth and consumer spending. Stephen McDonnell, the BBC’s China Correspondent, explains what is going on and why it matters. Plus, leaders of eight South American countries have signed a joint declaration at a summit in the Brazilian city of Belém, aimed at cutting deforestation, but does it go far enough? The BBC’s Katy Watson reports from the meeting.
08:31
9 Aug 23
Campbell’s gets saucy
Campbell Soup Company recently acquired Rao’s, a high-end jarred sauce brand that has roots in an impossible-to-get-into New York restaurant. We’ll talk to their CEO about why the purchase was made. Plus, we visit Mexico City, home to an increasing number of remote workers, and Italy, where banks were just hit with a 40% windfall tax.
Campbell’s gets saucy
Campbell Soup Company recently acquired Rao’s, a high-end jarred sauce brand that has roots in an impossible-to-get-into New York restaurant. We’ll talk to their CEO about why the purchase was made. Plus, we visit Mexico City, home to an increasing number of remote workers, and Italy, where banks were just hit with a 40% windfall tax.
08:49
8 Aug 23
What happened to Yellow?
Yellow might have declared bankruptcy on Sunday, but some say the writing was on the wall for a decade. We’ll talk to a bankruptcy expert about why the nearly 100-year-old trucking company shut down, and what it could mean for supply chains. Before that, who bought Simon & Schuster, and what’s the deal with PayPal’s new digital currency?
What happened to Yellow?
Yellow might have declared bankruptcy on Sunday, but some say the writing was on the wall for a decade. We’ll talk to a bankruptcy expert about why the nearly 100-year-old trucking company shut down, and what it could mean for supply chains. Before that, who bought Simon & Schuster, and what’s the deal with PayPal’s new digital currency?
08:55
8 Aug 23
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