Marketplace with Kai Ryssdal

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 Jul 27, 2018

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 Jul 12, 2018


Marketplace® is the leading business news program in the nation. Host Kai Ryssdal and our team of reporters bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. Airing each weekday evening on your local public radio station or on-demand anytime, Marketplace is your liaison between economics and life. Marketplace with Kai Ryssdal is part of the Marketplace portfolio of public radio programs broadcasting nationwide, which additionally includes Marketplace Morning Report®, Marketplace Weekend®, and Marketplace Tech®. Visit for more. From American Public Media. Twitter: @Marketplace

Episode Date
Fax me, beep me, if you wanna reach me
Fax machines, once the height of telecommunications tech, have mostly gone the way of the beeper. Some offices still fax occasionally, via those big industrial copiers, which new research shows are very vulnerable to hacking. We'll talk through today's cybersecurity and yesterday's tech, but first: What you need to know about Zimbabwe's election and Turkey's currency crisis. Plus: A new book explores what it's like growing up in a company town when the company is the U.S. government.
Aug 13, 2018
Are Turkey's problems contagious?
It's rare that foreign exchange markets top the news, but when they do, it's never good. Turkey's currency, the lira, fell to record lows against the dollar as President Donald Trump hit the country with additional tariffs on steel and aluminum. We'll break down what happened and try to figure out if other countries should be worried. Then, we'll talk to a business near the wildfires that closed down Yosemite National Park during peak season. Plus: The sun sets on the celebrity chef restaurant.
Aug 10, 2018
Half of (corporate) marriages don't work out
There are no trade stories in today's podcast (you're welcome). Instead, we're talking about mergers and acquisitions. This summer has seen several high-profile deals go through and others fall apart. That's not unusual. In fact, one out of five announced mergers don't end up happening at all, and only half are successful. Why do they fall apart? Mostly because of people. Then, in light of the insider trading charges against Rep. Chris Collins, we'll look at congressional investing do's and don'ts. Plus, the business of the Academy Awards and what "outstanding achievement in popular film" means anyway.
Aug 09, 2018
Remember when we had to pay for credit scores? It wasn’t all that long ago. Now it seems everybody wants us to check our scores all the time, for free. Why? But first: It's been 160 days since President Donald Trump announced his steel and aluminum tariffs, kicking off the trade war. As White House chief economic adviser Larry Kudlow told us last week, the effect on real gross domestic product has been minimal. That's true, but it doesn't mean people aren't feeling the effects — and the longer the trade war goes on, the more pain people are gonna feel. We'll look at the micro and the macro today. Plus: Elon Musk's tweet yesterday about taking Tesla private was a big deal, but until he shows us the money, it's only theoretical. We'll talk about the implications (and the legality) of the announcement. 
Aug 08, 2018
Elon Musk's taking his car company and going home
Say what you will about Elon Musk — he's not shy about saying what he thinks. The Tesla CEO tweeted this morning that he was considering taking the electric car company private, "funding secured." We'll talk about what that meant for markets, but also what it might mean for the American car consumer, because if there's gonna be a lot more Model 3s on the road, we're gonna have to learn how they work. Then: Google likes to do big things, but whether it gets those big things done is a whole other matter. Case in point: What ever happened to Google Fiber? Plus, what you need to know about Disney's foray into the streaming video business.
Aug 07, 2018
Just because Trump says something doesn't make it true
President Donald Trump's tweets made a lot of news Sunday, but we want to zoom in on this bit: "Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt," Trump wrote. "While at the same time reducing taxes for our people." Leaving aside that tariffs are taxes, could they ever pay off the national debt? Or even just the deficit? We looked into it. Then, a look at JPay, a company that lets prison inmates and their families exchange emails — for a cost. Plus, we'll talk with Mandy Harris Williams about her Instagram account @idealblackfemale and her experience as a woman of color at the mercy of Facebook's algorithms.
Aug 06, 2018
Kudlow: “Don’t class warfare me” on trade
With the caveat that President Donald Trump is often his own economic adviser, we headed to the West Wing today to chat with National Economic Council Director Larry Kudlow. He joined the administration just as Trump levied new tariffs on steel and aluminum. We talked with him about those tariffs, today's jobs numbers and more in a wide-ranging interview. Plus, of course, we run it all back with our panelists on the Weekly Wrap.
Aug 03, 2018
A trilli, a trilli, a trilli, a trilli
We do the numbers all the time, but today's is the biggest yet: Apple is the first company to reach an estimated $1 trillion market capitalization. We'll talk about what that means on today's show. But first: The Trump administration announced its plans to freeze automobile fuel economy and emissions standards at 2020 levels. In theory, that's meant to help the car industry, right? It has to worry not quite as much about environmental regulations. But another way to look at it is that it's hard to do business when the goalposts keep moving. Plus: We'll talk with the director of "The Spy Who Dumped Me."
Aug 02, 2018
The brave new world of legalized sports gambling
The NBA has become the first major sports league in this country to sign a deal with a sports betting operation. Back in May, the Supreme Court said it was OK for states to legalize sports betting, meaning Las Vegas would no longer have a monopoly. ESPN reports the deal the NBA signed with MGM Resorts is worth $25 million over three years. We'll talk about how that might play out. Then: A MoviePass competitor is expanding to the United States just as the company is struggling. Can Sinemia make the business model work? We asked its CEO. Plus: Google might be developing a new version of its search engine just for China. We'll tell you what you need to know.
Aug 01, 2018
In LA, driving to work can be a part-time job of its own
Southern California's housing market is as hot as ever, with home prices double the national average. That has many buyers searching for more affordable houses outside the city, and that means a much longer commute. Think 90+ minutes. Then: The Labor Department says employer benefit spending is the highest they've seen in 10 years. But are benefits really getting better, or just more expensive? Plus, the latest on pressures on the Chinese economy and Utah's plan to break the cycle of poverty.
Jul 31, 2018
Uncertainty is spelled t-a-r-i-f-f-s
It’s report card time for U.S. companies. Every three months, corporate executives from publicly traded companies sit down with shareholders to share their quarterly earnings. This quarter, CEOs are stuck between those shareholders and the trade war. They're hoping you'll help save them. Then: Snap, the company behind Snapchat, is picking up and leaving Venice, the beach community in LA it's called home for years. We'll look at the legacy the company is leaving behind there. Plus, a conversation with a Montana mall owner who says business these days is like "3D chess and all the pieces are the same color."
Jul 30, 2018
The latest GDP numbers are good. They're good! But ...
... They need some context. Yes, 4.1 percent quarterly GDP growth on an annualized basis is unambiguously good news. But a lot's happened in the economy this quarter that's worth mentioning as we take a wider view on how fast the economy is growing. We'll start today's show by doing the numbers. Then, we'll look at some big numbers, like 1,200 percent profit growth at Amazon. That's a huge leap, and it's especially notable because the company's biggest moneymaker isn't retail. Finally, public housing in NYC needs more than $32 billion in property repairs. How can the city make up that gap?
Jul 27, 2018
Talking summer TV with "Sharp Objects" producer Marti Noxon
Summer has traditionally been kind of a dead zone on the television calendar. The big networks mostly save their big premieres for fall. But increasingly, and especially this summer, with streaming services and cable networks pumping out more and more content, there's a lot to watch out there. We'll talk with producer Marti Noxon, who's behind HBO's "Sharp Objects," about TV business and her other two shows on air this summer. Plus, GDP numbers come out tomorrow, and experts predict strong growth. But with tax cuts, tariffs and high consumer spending, what will this number really mean for the economy? Then, looking back on the career of former Fiat Chrysler CEO Sergio Marchionne. 
Jul 26, 2018
A deal to make a deal to deal with a trade war
President Donald Trump and European Commission President Jean-Claude Juncker announced negotiations today to try and cool recent trade tensions between the United States and the European Union. We'll talk about what's changed, what's still in the "to-do" pile and why American corporate giants are speaking out about tariff pain. Then, more on the state of the American housing market amid the news this morning that home sales were off 5 percent from May to June. Plus: Life, death and whatever crazy stuff is happening on "Riverdale" with Archie Comics co-CEO Jon Goldwater.
Jul 25, 2018
A new kind of farm aid
The Department of Agriculture announced $12 billion in emergency assistance for farmers hurt by President Donald Trump's trade policies, and retaliatory tariffs from China, the EU and Canada. We'll tell you what you need to know. Then: House Democrats introduced a bill today aimed at making higher education more affordable, including two free years of community college. That's one proposal Arne Duncan pushed as education secretary under the Obama administration. We'll talk with Duncan about his new book "How Schools Work." Plus, a look at the New York startup that wants to be "Yelp for cops." 
Jul 24, 2018
Where does welfare money really go?
Welfare reform is in the air again, with a House bill and a renewed push at the White House Council of Economic Advisers. But what do we really know about welfare in America? Especially since the last reform effort two decades ago? Our podcast The Uncertain Hour will break down the latest numbers. But first: Summer homebuying season is underway, but sales fell in June for the third-straight month amid a shortage of existing homes. We'll look at why, and what that says about the housing market. Plus, why is Amazon suddenly the destination for strange novelty food items?   
Jul 23, 2018
Live every week like it's Shark Week
President Donald Trump accused China of manipulating its currency today. It's not the first time the White House has thrown out the accusation, but this time it comes amid trade tensions, when the yuan has fallen 8 percent compared to the dollar, which could offset the effects of tariffs. We'll talk about that at the top of the show today, along with Trump's recent comments about the Fed. Then, the latest in Trump’s efforts to roll back Obama-era regulations includes the Endangered Species Act. The administration plans to analyze the economic costs of regulating endangered wildlife, which has environmentalists worried. Plus: What "WALL-E" says about us, a decade after its release, and a conversation with the author behind "The Meg" on the enduring power of sharks on the big screen.
Jul 20, 2018
What does summer sound like?
"Domestic car company" is kind of a misnomer these days. Auto manufacturers get parts from all over the world, and companies like Ford and General Motors stand to both benefit and be hurt by tariffs, making the politics much murkier. We'll talk about it, plus we'll hear from one business owner who applied for exclusions from steel tariffs and was denied. Plus, we'll talk about urban heat islands and how we crown the Song of the Summer. 
Jul 19, 2018
As Europe goes, so goes the internet
Antitrust regulators in the European Union are charging Google a $5 billion fine for using its Android software to push out competition and making phone companies pre-install its apps. We'll talk about what that means for the company and the ways overseas regulations reach consumers in the United States. Then, we'll talk about Kathleen Kraninger, who President Donald Trump has nominated to lead the Consumer Financial Protection Bureau, despite her lack of consumer finance experience. Plus: Storm chasing as tourism.
Jul 18, 2018
What's carbon really cost?
Under the Trump administration, federal agencies are no longer required to determine the financial costs of climate change, so a group of scientists have stepped up to the plate. We'll talk about that project and what it can tell us about the real-world cost of carbon. Plus: Amid rising tensions with the United States, Japan and the European Union have struck a new trade deal with each other. Then: We'll talk with Lauren Greenfield about her new film “Generation Wealth."
Jul 17, 2018
Hi, I'd like to file a complaint
We're starting today with news from overseas, not Helsinki but Geneva, where the World Trade Organization is fielding complains from China against the United States, and the U.S. against pretty much everybody. We'll talk about what happens next and what it could mean for the brewing trade war(s). Then: site glitches aside, Amazon's Prime Day has become a sort of Black Friday in July, which means a lot of packages will be on the move these next few days. We'll look at whether the shipping industry will be able to, uh, deliver. Plus: If you're sad the World Cup's over, there's always baseball ... and Major League Baseball has lots of open seats.
Jul 16, 2018
Mergers and mergers and mergers and acquisitions
The Department of Justice is appealing the ruling that cleared Time Warner's $85 billion merger with AT&T, the government announced just before we put out yesterday's show. Today, we're trying to game out what's next, especially since the merger's already begun. Then, we'll look at the other huge media deal in the offing: Disney and Comcast's bidding war for 21st Century Fox, and Hulu's role in it. And, of course, we'll tackle the fire hose of political news in the Weekly Wrap.
Jul 13, 2018
Powell on wages, transparency and independence at the Fed
Jay Powell's been the chairman of the Federal Reserve for about five and a half months. His office in the Federal Reserve Building on Constitution Avenue is still getting put together, but he's already put his mark on the central bank and chatting with us today is part of that. We talked about transparency, trade disputes and stagnant wages, but he wasn't able to talk about inflation. The numbers came out just minutes after our conversation ended, and they showed consumer prices are growing faster year over year than they have since 2012. We talk about what that means for the Fed and for you.
Jul 12, 2018
Full interview: Federal Reserve Chair Jerome Powell
In the five months since Jerome “Jay” Powell took over as chairman of the Federal Reserve, the country is facing a growing number of tests: stagnant wage growth, tariff disputes around the world and a White House that likes to publicly offer the Fed economic advice. In his first broadcast interview since taking the job, Powell told Kai Ryssdal that he is “not concerned” about political pressure and that he’s keeping his focus on carrying out the Fed’s mandate from Congress: “We have a long tradition here of conducting policy in a particular way, and that way is independent of all political concerns,” he said. They also talked about The White House's ongoing trade disputes, why wages aren't rising and inflation. You can also read the whole thing here
Jul 12, 2018
If you thought all the Chinese trade talk was testy, you should see footage from President Donald Trump's first day of North Atlantic Treaty Organization meetings today. Trump slammed American allies, saying "many countries owe us a tremendous amount of money" from years of defense spending. And that was just the photo op. We'll fill you in on the NATO meeting and what to expect during the next few days of talks in Brussels. Plus, the latest on those tariffs. Then: Like a lot of cities hit hard by the housing crisis, foreclosed homes in South Euclid, Ohio were bought on the cheap by investors, who planned to flip them when the market recovered. But it didn't, really, and now some landlords are unloading them with shady rent-to-own deals.
Jul 11, 2018
The SCOTUS news is just starting
President Donald Trump's nomination of Brett Kavanaugh to the Supreme Court came with a little surprise and a lot of theater. But what happens next should come as no surprise at all: millions of dollars and hundreds of hours of advertising for and against Kavanaugh's appointment. We'll talk about what to expect. Then: We'll explain the upcoming rent control ballot measure in California, and what it could mean for the affordable housing crisis around the country. Plus, what you need to know about Trump, Pfizer and the market for one of that company's most profitable drugs: Viagra.
Jul 10, 2018
Let's do the numbers. But which ones?
We've heard of a "soft Brexit" and a "hard Brexit," but what about a "BRINO: Brexit In Name Only"? We'll kick off today's show with everything you need to know about negotiations and the furor Prime Minister Theresa May is trying to manage on a tight deadline. Then, we'll look at the future of HBO after the Time Warner-AT&T merger — and why it might look a lot like Netflix. Plus: We love to do the numbers, but there are a lot of them. So what are the best figures to look at if you want to know how the economy is doing? You've always wondered, so we'll break it down.
Jul 09, 2018
Where's the exit?
Well, here we are. As of July 6, the U.S. is officially at odds with our biggest trading partner, to say nothing of several other large economies. So, what's the exit strategy? That's what we'll try to figure out today. Then, it's important to note this is all happening at a time when the American economy is doing quite well. We'll dig into the latest evidence of that: today's jobs report, which saw unemployment tick up, albeit for a good reason. Plus, we'll look at why even celebrity chef-owned restaurants are always "an inch from disaster."
Jul 06, 2018
The trade war is about to get real
Today might feel like a Monday, but it's actually the end of the week, which means U.S. tariffs against China go into effect tomorrow. Should you be worried about inflation? Or even ... deflation? We'll talk about it, then head to a Georgian pecan farm to see the impact of Chinese tariffs up close. Plus, how the "world's friendliest border" became the front for another trade dispute. And finally, how the box office bounced back this summer.
Jul 05, 2018
Your electric bill is feeling the heat
Happy Fourth of July, it's a hot one and your AC can feel it. The heat wave gripping parts of the midwest and northeast could have a damaging effect on the electric grid system. It also holds economic concerns for the areas poor. Although it’s a holiday, many people will be working, especially food vendors who sell at festivals all summer long. There's a big business for a lot of small businesses that work the music festival circuit. Also on today's show: lights, camera, tax breaks. The governor of New Jersey signed a bill yesterday offering tax incentives to attract film production. We took a look at how the state-by-state debate over film tax incentives affects the entertainment industry.
Jul 04, 2018