APM: Marketplace

APM: Marketplace

United States

Marketplace from American Public Media is the premier business news show on public radio. Host Kai Ryssdal and the Marketplace team deliver news that matters, from your wallet to Wall Street. Online at Marketplace.org.

Episodes

06/22/2017: It's no secret — the Senate bill won't make health care cheaper  

At long last, Senate Republicans have revealed their health care bill. It was hatched in secret, and they hope to vote on it in a week so let's dig in. It's similar to the plan passed by the House: Sharp and sweeping cuts to Medicaid, more power to states to decide what insurance plans have to cover, shrinking the Obamacare subsidies. Here's what it won't do: make health care cheaper. We'll talk about why, then head to Arkansas, where a plan to roll back Medicaid expansion will put tens of thousands back on the exchanges, if they can afford it. Plus: An interview with the executive director of Covered California, the state's Obamacare exchange.

06/21/2017: Kalanick's no longer behind the wheel at Uber  

Uber CEO Travis Kalanick is making his time away from the C-suite permanent amid investor pressure and a PR firestorm. Kalanick's company changed transportation as we know it, and his aggressive attitude toward growth over everything got the company where it is today in every sense. We'll talk about it. Then: As the GOP keeps hashing out its bill behind closed doors, insurers are deciding whether to stay on Obamacare exchanges. Some big players are dropping out, and that's giving smaller companies an opportunity. Plus, it's the first official day of summer, so we have a conversation with Carnival cruise line CEO Arnold Donald.

06/20/2017: A very important 17 percent of the economy  

We know about as much about Senate Republicans' plan to repeal and replace Obamacare as we did yesterday — pretty much nothing, except that we might be able to see the secret bill Thursday. That's a lot of uncertainty around a plan to rework 17 percent of the economy. So in the meantime let's talk about that number. Where'd it come from? Then, as we continue on series "The Big Promise," we'll look at one problem facing rural Pennsylvanians President Trump hasn't talked much about: the digital divide. The lack of high-speed internet means video rental stores still clean up and some business owners have to rely on expensive data plans to get connected. Plus, it's a perennial question that pops up this time of year: Why aren't Americans taking vacations?

06/19/2017: Senators, and their depleted staffs, are reshaping health care in secret  

You've probably heard the Senate is working on a health care bill. So far there's no public drafts, no hearing, no CBO score, no nothing. But it's there, according to the small group of Senators who are trying to put it up for a vote before July 4. The whole situation is a conundrum for lobbyists and interest groups. Their whole business is legislation, but how can you get a seat at the table when there is no table? Then, speaking of Congress: rank-and-file members are facing shrinking staffs and an ambitious legislative agenda. What could go wrong? Plus, JAY-Z has a new album coming next week, but you can only hear it if you're on Tidal... or Sprint?

06/16/2017: What can $13.7 billion buy Amazon at Whole Foods?  

Retailers got a shock to the system today when Amazon announced plans to buy the high-end grocer Whole Foods for $13.7 billion. So what does the world's largest digital retailer want with all those stores? We'll talk about it in the Weekly Wrap. Then: What comes to mind when you hear the word "manufacturing"? Giant factories? Big burly dudes operating heavy machinery? Well, it might be time to rethink that. A new group of entrepreneurs are bringing smaller-scale manufacturing back to America's cities. Plus: Another installment of our seasonal series "Summer: Brought to You By."

06/15/2017: The U.S. has more Disney World workers than coal miners  

EPA Administrator Scott Pruitt caught a lot of heat for claiming the U.S. has added 50,000 coal jobs. That's not true; there are actually about 51,000 coal miners in this country total. That small group wields out-sized political influence, so we'll do numbers on the coal industry and the way energy is moving overall. Then: A gas explosion in Colorado this spring is renewing an intense debate in that state over drilling in urban areas. Plus, as we approach the ten-year anniversary of the iPhone, we'll take a look at the untold stories of its invention with author Brian Merchant.

06/14/2017: It's time for another hike  

As many suspected, the Federal Reserve raised interest rates a fourth of a percent today. It's the third hike in six months, and we'll get a little wonky parsing Janet Yellen's comments on inflation, the labor market and overall economic health. Then, we're going hunting for the silver lining in a very cloudy year for retailers. Plus: a look at why bootlegging is booming again.

06/13/2017: Can the Senate rework 18 percent of the economy in three weeks?  

Senate Majority Leader Mitch McConnell has said he wants a vote on Republicans' health care bill before Congress leaves town for the July 4 recess. That gives the Senate 13 working days to vote on 17.8 percent of the American economy without, so far, any public hearings. We'll take stock of where that's at. Then: A new Bloomberg investigation found Russia's digital intrusion into the U.S. election was more widespread than we thought. We'll talk about the latest. Plus, two local news stories that get at interesting questions: Why can't the Yankees sell tickets and why do Southern California doughnuts come in pink boxes?

06/12/2017: Et tu, Delta?  

In this summer's Shakespeare in the Park, the titular character in "Julius Caesar" is distinctly Trumpy. Of course — 400-year-old spoiler alert! — he's assassinated, and outcry from the right caused Delta and Bank of America pull their support. The theater is the latest in a growing series of political minefields for brand-sensitive companies. We'll look at how companies are trying to find their way and what it means for entertainment. Plus, it's been a tough start to the week for America's highest-profile CEOs, with GE's Jeff Immelt being shown the door and Uber's Travis Kalanick facing a possible leave of absence amid personal tragedy and a new report of dysfunctional corporate culture. Then: New York City is adding a new area code, and the after-market for the old 212 is booming.

06/09/2017: How much more chaos can one global economy stand?  

Oy. Right after the U.K. kicked off the two-year countdown to Brexit in March, Prime Minister Theresa May called for a snap election in hopes of getting a stronger majority in Parliament to negotiate the country’s exit from the European Union. That plan has backfired, leaving May with less support than she started with. We asked our London reporter for an update on the ground there. Then: We'll talk through the week in business and economic news — it's infrastructure week at the White House, remember? Plus, Taylor Swift and Spotify gave us a lesson in why you should never say, "We Are Never Ever Getting Back Together."

06/08/2017: The House just voted to dismantle Dodd-Frank  

The Senate spent most of the day consumed with former FBI Director James Comey's testimony on President Trump and Russia. But over on the House side, political theater turned into economic reality with the passage of the Financial Choice Act. We'll talk about what it does, how it relates to the GOP's pledge to dismantle Dodd-Frank and its chances of actually becoming law. Then: Big news out of Kansas got a little lost this week. The state's five-year-old experiment with big income tax cuts ended this week. The idea was that low, low taxes would spur economic growth, but for lawmakers the deficits were just too much. What went wrong? Plus: We've talked a lot about the troubles facing brick-and-mortar retail — here's how one California mall says it will survive. 

06/07/2017: Cracked phone screens are a $4 billion business  

Tomorrow's Election Day in the U.K., and it's a test for Prime Minister Theresa May ahead of Brexit negotiations with the European Union. One of the toughest issues in those talks may well turn out to be immigration. More than 3 million European nationals have settled in Britain, but since the Brexit vote, EU migration to the U.K. has slowed sharply. That's stoked fears of a labor shortage. We'll talk about it. Then: For the first time, Apple is giving third-party vendors access to a sort-of secret machine it uses in fixing cracked phone screens. Screen repair is a $4 billion business, but this move from Apple means it could be in for some changes. Plus, a conversation with the woman who runs the second-busiest airport in the country.

06/06/2017: Do tax cuts automatically lead to economic growth?  

Let's say Trump's tax plan that has yet to be introduced to Congress does get passed. How long would it take for tax cuts to jolt the economy? We ask tax experts. Also on the show: Amazon offers a discount on Prime memberships for people receiving government assistance. What's behind the move? Amazon, again, is going toe-to-toe with Walmart. Plus, we talk to Forbes reporter Chloe Sorvino, who scored an interview with a very private billionaire in Denver whose company controls 85 percent of the pizza cheese market.

06/05/2017: Simplifying the tax code isn't so simple  

The Trump administration has promised to simplify the tax code, which is an idea Democrats and Republicans can get behind. But reforming the tax code is no easy task. We take a look at what this change could mean for the IRS, tax-prep companies and Americans filing their taxes each year. In other news from the White House, President Trump wants to put a nonprofit in charge of air traffic control instead of the Federal Aviation Administration. How would air traffic control work as an independent organization? Also on today's show: We talk to Stephen Beard, Marketplace's European bureau chief, about the upcoming election in the U.K. 

06/02/2017: What if climate agreements were actually good for business?  

Happy jobs day Friday! The unemployment rate is at a 16-year low, but the participation rate is down, with more people leaving the labor force. Also, wage growth is still sluggish. So what is Janet Yellen thinking? We get to it in the Weekly Wrap. In other big news this week: President Trump decided to pull out of the Paris Agreement on climate change, but that isn't stopping companies from participating. American automakers like Ford and GM have said they’re unhappy with the decision and want to continue lowering emissions. Also on today's show: We return to Erie, Pennsylvania, this time to the county prison, where more than half the inmates enter addicted to drugs, including opioids. A new drug called Vivitrol could help the opioid addicts, but under Trump’s proposed budget, the county may no longer be able to afford it.  

06/01/2017: Pittsburgh or Paris?  

After days of build-up, President Trump finally made it official: The U.S. is pulling out of the Paris climate agreement. "I was elected to represent the citizens of Pittsburgh, not Paris," Trump said. That's true! But not for nothing, moving away from coal and steel has made that city's economy strong again. Plus, with the U.S. taking a seat on the sidelines of the fight to control global warming, it's also sitting out big investment opportunities that China and the E.U. are promising to grab. Then: There's something of a tug-of-war going on within the Trump administration over the debt ceiling. We'll tell you what you need to know. Plus, the latest installment of our series "My Economy" visits a stay-at-home mom in Texas.

05/31/2017: We'll always have Paris (or maybe we won't)  

We're still waiting on the official word out of the White House on whether President Trump will pull the U.S. out of the Paris Agreement on climate change. It's looking likely, but some of the news around Trump's decision today indicate businesses are still planning on climate change no matter what. Then: Goldman Sachs is taking heat for nearly $3 billion worth of Venezuelan bonds it bought from a state-owned oil company via a broker. It stands to profit handsomely, but protesters are ripping the bank for making money from a country that's facing food shortages. We'll explain everything you need to know about the so-called "hunger bonds." Plus: A look at how one airport is enlisting drones to get things moving more efficiently.

05/30/2017: Again with the trade deficit  

Donald Trump is back in the country, and his Twitter account is making up for lost time. The President ripped the "MASSIVE" and "very bad" trade gap between the U.S. and Germany. But reality check: it's not nearly as scary as it sounds. Then according to data released this morning, consumer spending rose last month. Home prices are up too, and the average American FICO score hit 700 last month, the highest it's been in over a decade. So how'd we get here, and what's it mean for the economy? Plus, a visit to the schools of Erie, Pennsylvania for our series "The Big Promise."

05/29/2017: America's parks are in danger of being "loved to death"  

You might be spending the long weekend relaxing with family, paying respect to fallen servicemembers, or getting outside. But if you're enjoying a national park this weekend, maybe think twice about pulling out your smartphone. 2016 was the third record-breaking year in a row for the National Park Service, but all that extra traffic from selfie-snapping tourists can harm the places they visit. Plus: What's at stake of the U.S. pulls out of the Paris climate agreement. Then: California's drought has all but ended, but some wells are still dry, forcing some of the state's poorest people to pay a premium on water.

05/26/2017: What it was like to rent from Jared Kushner  

The European leg of President Trump's trip abroad got off to a rocky start yesterday when, in a meeting with G7 officials, the president was reportedly critical of Germany's trade practices. The main gripe, it seems, was about the number of German cars sold here, but that's just one slice of a pretty huge trade relationship. We'll talk about it, plus the drama back home at the Department of Education, which is considering handing some of its student loan business to the Treasury. Plus: A look at Kushner Companies, the family real estate business where Jared Kushner worked before taking a role in the White House.

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