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

08/21/2017: Two very different kinds of war  

You can look at the costs of increasing the number of American troops in Afghanistan in a couple of ways, right? There are lives, of course, the most basic measure. The easiest way is probably in dollars and cents, billions of them. Trump makes his first prime-time address as president tonight, talking about how America will move forward in a war that's been going on since 2001. There's a stability question here, too: Despite, or maybe because of, 16 years of American and allied involvement, the Afghan economy is still in trouble. Then: The president is settling back into the White House and Congress is getting back to work, but over the recess, the media balance has shifted. Steve Bannon walked out of the White House and back into his website Breitbart. We'll talk about what that means amid a busy fall at the capital. Plus, just as the U.S. started to catch up on credit card security, scammers have moved on to a new target: your phone.

08/18/2017: Life in a "New Deal Utopia."  

Steve Bannon has joined the list of recent White House departures, and with that, the prospect of a trade war with China got a little less likely. And that's good, because in spite of all the real economic competition between the world's two largest economies, they need each other. To that end: Beijing put out some new rules on overseas investments today, specifically limits on certain kinds of foreign acquisitions by Chinese companies. We'll talk about what that means. Then: During the Great Depression, the government started an experiment. It designed and built entire towns that were federally planned and subsidized. They were called Greenbelt Towns, and three of them got made before politics and economics got in the way. We'll talk with photographer Jason Reblando, who explores the Greenbelt in his new book "New Deal Utopias." Plus, as always, we'll cover a busy week in business and economic news during the Weekly Wrap.

08/17/2017: America needs more than jobs to fix race relations  

If you've been paying attention to some of President Trump's recent public remarks, you might've noticed something (besides all that). He often leads with the economy, the stock market or his economic agenda and how great it's gonna be. In his extraordinary press conference on Tuesday, he even pointed to jobs as a way to fix race relations. That argument seemed a bit tidy, so we called up an expert to check the facts. That presser was supposed to be about infrastructure, by the way. The president has hyped a big spending package on roads, bridges, transit and the like for a while now. Today, we traveled back to Erie, Pennsylvania, for our series "The Big Promise" to see how infrastructure, public transit in particular, affects real people. Plus, we'll start off the show by asking: Are we at economic war with China?

08/16/2017: The day corporate America broke up with Trump  

CEOs of some of the biggest companies in America have been saying for the past two days they simply had to stay on two White House councils. But after Trump's comments yesterday, more and more of them changed their minds and said a seat at the table wasn't worth it. Finally, President Trump announced via Twitter that he'd be disbanding the councils anyway, thank you very much. We'll talk about what changed the dynamic between the executive in D.C. and all the rest of them. Then: We told you yesterday about the time BMW took a chance on building a huge factory stateside. Today we'll look at what happened and talk to the families enjoying the spoils of globalization in our series Trade Off. Finally: We check in with cultural critic Wesley Morris about what people want to watch in these troubled times.

08/15/2017: Why would CEOs stick with Trump?  

An infrastructure announcement turned into an off-the-rails press conference this afternoon as President Trump blasted the four (now five) CEOs who have left his manufacturing council. We'll correct the record on some of his criticisms and then zoom out to the bigger question: If you're a CEO tapped for one of these White House advisory roles, why do you stay? Then: Trump has nominated people to fill just 106 of 577 key Senate-confirmed jobs in his administration. NASA and the National Oceanic and Atmospheric Administration are both lacking permanent leadership. We'll try to figure out what's at stake for the scientific community without — or with — someone in charge. Plus: Your pumpkin pie is a lie, and we'll tell you why.

08/14/2017: When Trump does something — or doesn't — what's a CEO to do?  

Seeing how we've started this program more than once with a tweet from the chief executive, we'll start today with a tweet from a chief executive. Pharmaceutical CEO Kenneth Frazier was a member of President Trump's Manufacturing Council until this morning. He announced his resignation on Twitter, citing Trump's belated response to the events in Charlottesville, Virginia, last weekend. Trump responded with two searing tweets Monday about drug prices. Frazier and the dozens of other CEO advisers to the president are once again facing scrutiny over their response to a national issue with Trump at the center. Then: One small fishing town in Maine is trying something new to help the next generation gain valuable work skills: a new charter school focused on the idea of work-based learning, designed to put students into the community and expose them to different kinds of jobs in their state. Plus: James Patterson has a new book out, and the villain is very familiar...

08/11/2017: America the protectionist  

Donald Trump won the presidency in part on the idea that the United States isn't getting its fair share of the global economic pie. The slogan "America First" more or less boils down to protectionism. Now, the Trumpian approach to global trade might feel like a departure from recent history. But the American industrial economy has its roots in protectionism, all the way back to Alexander Hamilton. We'll talk about it in the second installment of our series "Trade Off." Plus, the latest on SoundCloud's financial troubles, and we try to fit a wild week of news into five minutes of live radio. 

08/10/2017: Markets go down. Go figure.  

All three major stock indices fell today, and not a little bit either. And guess what: That's what's supposed to happen. We'll talk about it when we do the numbers. Then: The White House touted a huge deal between Wisconsin an Foxconn: 13,000 jobs in exchange for $3 billion in tax breaks. The state won't break even for more than 25 years, but these deals are becoming more and more common. Plus: Most undocumented immigrants who are deported are Latino men with jobs. That has a ripple effect on housing.

08/09/2017: Stop worrying and love the bond market  

The headlines about fire and fury and escalation and threats and all that has happened the past 24 hours are alarming. No doubt about it. Without discounting the reality of what's going on, allow us to cut through the fear a little bit. Nothing in this economy reacts as viscerally to the news as the markets to. The bond market, in particular, is a refuge in times of uncertainty. And it's telling us to take a deep breath. We'll explain. Then: For the first time in 60 years, the U.S. is set to become a net exporter of natural gas. Now we need to get the infrastructure up to speed. Plus: Go ahead, cut the cord, see if cable companies care. 

08/08/2017: Let's do the numbers on a few crises  

We're starting the show tonight by doing the numbers of two crises facing the U.S. — and neither of them have to do with North Korea. First, we'll talk about the challenges of getting money to fight the opioid crisis, then why fighting climate change doesn't have to mean cutting economic growth. Of course, we'll also look at how markets reacted to President Trump's talk of raining "fire and fury" on North Korea (with a shrug). After that, we'll look at recent advertising campaigns focused on social issues, their risks and their rewards. Plus: How the decline of laundromats is changing U.S. cities.

08/07/2017: Where did globalization go wrong?  

A lot's changing about America's place in the global economy. NAFTA negotiations are starting next week in Washington, and President Trump has already withdrawn from the Trans-Pacific Partnership. In a lot of ways, it's the total opposite of the late '80s and early '90s, when opening things up was supposed to be the key to growth. We're kicking off our new series, "Trade Off," with a look at the dream of trade some 30ish years ago. Globalization had some much-hyped economic winners, but the losers were hit disproportionately hard. Plus: putting the recent sanctions against North Korea into perspective. Then: What would get people to stop using checks?

08/04/2017: Talking trash  

Today's jobs report was good, really good. But as with almost all things economic, it wasn't all sunshine. We'll talk about why, and recap the rest of the week's news. Then: Toyota and Mazda said today they're going to build a $1.6 billion plant in the U.S. in the next couple of years. The news comes amid seven straight months of falling sales for the Big Three American auto companies. Plus: New Yorkers produce a lot of garbage, which is only natural in a city of 8.5 million people. But what’s not so natural is the city's recycling rate: around 17 percent.

08/03/2017: When an immigration raid sets off economic crisis  

President Trump has thrown his weight behind a bill that would fundamentally change American immigration policy. It would make immigration skills-based and cut in half the number of people legally allowed to come here. Put another way, it's a bill that would make the labor force smaller in an economy already pretty near full employment. We'll talk about it, then look at wages: The tight labor market is making it harder to hire without (finally) raising pay significantly. Plus: In Postville, Iowa, hundreds of workers were arrested in an immigration raid and virtually disappeared overnight. The small town's economy still hasn't recovered.

08/02/2017: The Dow is not the economy  

... And the economy isn't the Dow Jones Industrial Average. It's worth repeating today, when the Dow closed above 22,000 and President Trump is touting the record as a big economic win. We'll just note that stocks aren't even the right market to be watching; the dollar is tumbling. Then: Chaos continued in Venezuela today with confirmation that voting machines had been tampered with before last weekend's election. The U.S. is threatening more sanctions, but they could lead to unintended consequences. Plus: Most people expect public Wi-Fi to be free. So how do you make money providing it? We asked Boingo's CEO. 

08/01/2017: A lot happened while you were busy watching Washington  

The Trump administration has been pretty distracting. White House comings and goings, tweets, health care, all of it. So today we're bringing you a few stories you might have missed recently. To start, we'll talk car sales, which are tanking, and the bond market, which may or may not be in a bubble. Then: Wells Fargo is somehow still in trouble for something else. Plus: Just a couple generations ago, hunting was a way of life for some families. It put food on the table. Now fewer people are getting up early and putting on camo — but those who do are spending more.

07/31/2017: If the government can get its act together, maybe businesses can?  

We're starting today with an attempt to bring order out of chaos. We're not talking about the recent White House staffing changes, but lobbying groups that are moving past health care as Congress turns to tax reform. Millions are set to be unleashed, but what do those groups hope to get for their money? Then: It's earnings season, and so far things are pretty good, but what does corporate health tell us about the economy? Plus, a history of the income tax deduction, and what "The Emoji Movie" says about Hollywood.

07/28/2017: It's been quite a week  

Wow, TGIF. We're going to try to fit in as much analysis as we can about health care, staffing changes, the Federal Reserve and more. Then: Tax reform. It's the next big thing on Republicans' list. After six months, congressional leaders and negotiators from the White House have come to agreement on the broad outlines of what they think it'll look like. And that was the easy part. We'll talk about what's next. Plus: As part of our series "Summer, Brought to You by..." we'll take a look at the origin of the classic beach cruiser bike.

07/27/2017: The other Anthony Scaramucci story  

We're going to set aside the palace intrigue around new White House Communications Director Anthony Scaramucci today (yes, even that) and take a look at his finances instead. He ran a fund-of-funds firm called SkyBridge Capital, which he sold to a Chinese company to take a government job. We'll take a look at the sale and how much "The Mooch" is set to make from it. Then: a deep dive into the challenges and promise of wind farms at sea and a visit to a virtual charter school in Erie, Pennsylvania.

07/26/2017: Inside the mind of Janet Yellen  

The Federal Open Market Committee wrapped up its meeting today. No changes in interest rates, as we all knew there wouldn't be. But the Fed did change its narrative of the American economy. We'll try to read the tea leaves in Chair Janet Yellen's statement. Then: Amazon says it's hiring 50,000 people for fulfillment centers all around the country. That's about a quarter of all the jobs the entire economy has been adding every month. But is the hiring spree actually as big a deal as it seems? Plus: A Nashville organization tries to pair refugee organizations with hipster restaurants.

07/25/2017: This is what "voting to proceed" looks like  

The Senate's effort to repeal-and-something Obamacare inched forward a bit today, and the next 24 hours or so are going to be busy. We'll walk though what happens next. Then: The Federal Reserve meets tomorrow, so let's talk interest rates. The benchmark federal funds rate has gone up a full percentage point since the Fed started hikes. So why isn't your saving account making a thing? Plus: Farmers are struggling thanks mostly to low commodity prices amid a global grain glut. We'll look at the view from the wheat fields.

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