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

05/19/2017: TGIF  

Honestly, what's there to say at this point? There was even more news related to President Trump, Russia and ousted FBI Director James Comey this afternoon, to cap off a relentless week of compounding scoops and scandals. We'll do our best to figure out the economic effects of it all during the Weekly Wrap. Then: Trump was on his way to Saudi Arabia this week, the first stop in a nine-day trip abroad. He'll be bringing with him a $100 billion deal with the Saudis to buy American planes, ships and munitions, and they're not the only ones. We'll talk about the delicate balance between arms deals and diplomacy. Plus: Uber for trucks and the lay of the land for this summer's movie season with The New York Times' Wesley Morris.

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.

05/25/2017: What, me worry?  

We've talked a lot about the economic anxiety normal Americans face every day, but today we're casting and eye toward economic anxiety in and about Washington. First, the White House's budget. There are some assumptions that don't quite add up, but today Treasury Secretary Steven Mnuchin reiterated his confidence that tax cuts, deregulation and trade policy will ratchet up economic growth. But what if it doesn't? Then: Mnuchin and White House budget director Mick Mulvaney both testified on Capitol Hill this week to sound the alarm about the deb limit. They're worried Congress might have to raise it sooner than expected. We'll explain what's going on. Plus: a California prison town's big bet on pot to save its economy.

05/24/2017: The CBO has spoken  

The Congressional Budget Office released its analysis of the American Health Care Act today. That's the revised version, passed by the House already. The CBO says this bill will leave 23 million people without insurance by 2026, while reducing the deficit by $119 billion. The last version scored by the CBO came out to a million more uninsured, but a steeper deficit reduction. We'll get some initial analysis from Vox's Sarah Kliff. Then, we'll return to Pennsylvania for our series The Big Promise, exploring how health care is propping up Erie's faltering manufacturing economy. Plus, a conversation with PayPal CEO Dan Schulman. 

05/23/2017: Trump's budget math doesn't quite add up  

They call it "A New Foundation for American Greatness," we just call it the White House budget proposal. Whatever you want to call it, Trump's budget guy Mick Mulvaney presented it today with a focus on three percent economic growth. We talked to several experts who say the whole plan is based on assumptions and math that doesn't quite add up, not to mention a tax plan that isn't done yet. Then, we'll dig into the White House's proposed cuts to the USDA and Obamacare. Plus: how the mess at Penn Station ripples through the economy of the entire East Coast.

05/22/2017: It's not hard to get into Mar-a-Lago, if you're a hacker  

With President Trump abroad this week, the business news agenda was set early this week by Ford. The American car maker announced over the weekend that CEO Mark Fields will be replaced by Jim Hackett, who most recently headed the company anonymous car division. We'll talk with executive chairman Bill Ford about it, plus we'll get some perspective from the Wall Street Journal's car critic. Then: Trump's clubs and resorts are exclusive and pricey, but if you're a hacker it's easy to get in and that could create a big national security problem. Plus, could you name the only bank in this country indicted for mortgage fraud after the financial crisis? You've probably never heard of them, because they weren't too big to fail.

05/18/2017: Trade is center stage as Trump heads abroad  

On the eve of his first trip abroad since taking office, President Trump took the first formal steps of renegotiating NAFTA. But is it the right time? And what will the U.S. get out of it? That's what we're talking about today before turning to Saudi Arabia. It's Trump's first stop on a whirlwind nine-day trip, and he's bringing a lot of CEOs with him. Plus: Roger Ailes, the founder and former CEO of Fox News, died today at 77. Ailes was, according to more than a dozen women, a serial sexual harasser who enabled others to do the same. But he was also a man who changed the United States and propelled Trump to the White House. We'll talk with Ailes biographer Gabriel Sherman. Plus: We covered stocks and currency under Trump already this week. So why not try to predict the future and complete the trifecta with a look at the bond market?

05/17/2017: That joke we made yesterday about markets? Not so funny now.  

Leaving aside some late-breaking special (counsel) announcements, stocks seemed pretty immune to the chaos in Washington until today. But the dollar? Different story; it's at a seven month low, in fact. That's not to say currency traders are more on the ball than the folks in equities but... if the shoe fits? We'll talk about it, and today's big sell-off. Then: TV upfronts are wrapping up this week. All the networks are showing off their fall schedules which look... a lot like stuff we've seen before. Finally, we follow a cancer patient who's devoting his life to making drugs more affordable.

05/16/2017: Investors might be just too exhausted to react to Trump  

In the past week, the president of the United States shared highly classified information with the Russians after he fired the director of the FBI. That whole affair was still roiling as we taped this show. Before that, Congress pulled a major piece of legislation affecting almost 20 percent of the American economy off the House floor before a vote, then passed it by the thinnest of margins. In different times, all this chaos would have spooked traders, shaken up markets and maybe Washington in the process. So it's worth hitting pause and asking: What did the markets know? And when did they know it? Then: What you need to know about Ford's plan to cut 10 percent of its global workforce, and the U.S. Postal Service's bid for millennials. Plus, as the WannaCry cyberattack fades, a new story is emerging: Hollywood films held by hackers for ransom. What would it take for studios to pay up? Should they?

05/15/2017: Why pay a ransom in bitcoin?  

Here's the thing about WannaCry, the ransomware attack much of the planet was dealing with today: it's been remarkably unprofitable for the perpetrators. Hackers asked for as much as $300 worth of bitcoin per infected user, and they've only netted about $55,000 for their efforts. Why use bitcoin as ransom payments? We'll talk about it. Then: 2017 is gonna be written about in the history books for a whole lotta reasons, one of which might be as a tipping point in the global economy. Following China's big infrastructure summit we'll sort through the state of negotiations around the world. Plus: why it's a good time to be a restaurant worker in Nashville. 

05/12/2017: This week was packed, with few exceptions  

We have a lot to talk about on the Weekly Wrap this week: We'll cover the economic impacts of Comey's firing, the interview President Trump gave about his own economic policies and that letter about Trump's Russian business interests or lack thereof. Then: State governments submitted more than 500 infrastructure projects to the White House for consideration as Trump puts together his spending plan. We're tracking what's on each state's wishlist along with APM Reports. Plus: What the Justice Department's new action on drug offenses means for the private prison business.

05/11/2017: Trumponomics  

As we await tonight’s already-a-bombshell conversation with NBC News, there’s another Trump interview we’ve been unpacking today. The president and two of his key economic advisers sat down with The Economist to talk health care, trade and more. We're going to zoom in on one part, where Trump said he'll "prime the pump" of the economy while claiming he invented the term. He didn't, but we'll talk about what it means and why that policy matters. Then: The Senate has confirmed Robert Lighthizer as the U.S. trade representative, and he's going to have his hands very full (see above). Plus, we'll look at a grim but hidden dimension of this country's opioid epidemic: morgues and medical examiners are overwhelmed.

05/10/2017: Is this what running the government like a business looks like?  

Kellyanne Conway went on CNN this morning to talk about President Trump's bombshell firing of FBI director James Comey and said this: "You want to question the timing of when he hires, when he fires. It’s inappropriate. He’ll do it when he wants to." Um, asking questions is exactly what a free press in a representative democracy is supposed to do, and we still have a lot of them. Questions like: what's gonna happen with health care? Tax reform? Trump's trillion-dollar infrastructure package? And there's a broader question that's unique to this president: Is this how you run a business? Is it how you run the government like a business? We'll talk about it. Plus: the state of schools in Erie County, Pennsylvania and the second part of our interview with Susan Burton.

05/09/2017: Trump fired FBI Director James Comey. Now what?  

President Trump has fired FBI Director James Comey, the White House said, for the way he handled the investigation into Hillary Clinton's emails. We'll talk with Politico's Sudeep Reddy about whether that reasoning passes the sniff test and what this news means for Republicans' congressional goals. Then: The Trump administration has put off a decision about staying in the Paris climate agreement as coal production is up. The long term for coal is trickier though. Plus: "American Idol" is back from the dead.

05/08/2017: Now that the French election is over, it's time to focus on Mexico  

Emmanuel Macron easily won France's presidential election over the weekend, but he has a rough road ahead. Parliamentary elections are next month, and the rest of Europe will be watching. We'll look at what comes next, then turn to Mexico, where U.S. President Trump's plans for a border wall and continued uncertainty over NAFTA have triggered a national conversation there about the American border and economic freedom not seen in years. Plus: a whopping fourth of Starbucks' sales come through its mobile app, but that app could be vulnerable to fraud. 

05/05/2017: A hundred-some days of big promises  

It's jobs day, and a strong showing for April wrapped up a pretty packed week for business and economic news. We'll talk about health care, the Fed and unemployment all on the Weekly Wrap. Then, we'll dig into why wage growth isn't keeping pace with jobs and bring you the latest on the French election. Plus, the view on Trump's first 100 days from a breakfast table in Erie, Pennsylvania, as part of our series The Big Promise

05/04/2017: We don't know what the health care bill costs, and neither does Congress  

After several false starts and a few amendments, Republicans in the House finally passed their plan to repeal and replace Obamacare. The bill is on its way to the Senate and still without scoring from the Congressional Budget Office. That means we don't really know what the bill could cost or who could lose coverage, and Congress doesn't really know what they voted for. We talked with Doug Elmendorf, who was running the CBO when Obamacare was under debate, and he called the vote "a terrible mistake." Then, we'll talk about the latest from Brexit and Puerto Rico's debt crisis. Plus: President Trump is heading back to New York for the first time since he took office, and his old neighborhood on Fifth Avenue in Manhattan might look a little different.

05/03/2017: The "Trump effect" on the Fed  

There's a lot of arm twisting and horse trading going on between the House and the White House this week, trying to push a new health care bill through. But there's a fundamental economic reality going on here: Lawmakers are trying to change the health care market and ignoring market forces. Then: The news out of the Federal Reserve was no news, but looking ahead, you can expect a hike and President Trump to fill as many as five vacancies on the Board of Governors. We'll talk about it. Plus: NAFTA's effect on Texas cattle and reappearing chicken nuggets in Los Angeles schools. 

05/02/2017: Government shutdowns are never good for the economy  

The current mantra with President Trump seems to be look at what he does and not what he says. But words (and facts) matter, and this morning the president tweeted that America needs "a good 'shutdown' in September to fix mess!" The mess being, it's clear from the context, the trouble the White House is having getting its agenda through Congress. We can argue about how a shutdown might help or hurt the president's agenda, but there's no question it would be bad for the economy. Plus, we'll talk about #vanlife and the string of bad earnings reports for American car companies (they aren't related).

05/01/2017: We avoided a government shutdown. Now what?  

After we avoided a government shutdown Friday, this weekend congressional negotiators reached a trillion-dollar deal to keep things going till the end of the fiscal year, five months away. It's not exactly a budget, it's more catch-as-catch-can. We'll explain how the process got so toxic and partisan on the show today. Then: Another executive is out at Fox News just as Bloomberg enters in a new deal with Twitter to get off TV entirely. Plus: Can you boost the economy with old buildings? We'll talk with the CEO of the National Trust for Historic Preservation.

04/28/2017: What a week  

Just ahead of his 100-day mark, President Trump had one of the bigger economic weeks of his young administration. This week had it all: Tax policy! Trade policy! A narrowly avoided government shutdown tied to the budget and health care! Plus, capping it all off, a lackluster GDP report. We'll try and figure out what it all means in the Weekly Wrap. Plus: Trump just signed an executive order allowing more drilling in the Atlantic and Arctic oceans with the premise it will create jobs. But with crude at $50, is that really going to happen? Then: another visit to Erie, Pennsylvania for our series "The Big Promise."

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