Marketplace

M-F 6:30 p.m.
  • Hosted by Kai Ryssdal

In-depth focus on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. The only national daily business news program originating from the West Coast, Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance.

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Andy Uhler

Dean Spanos, the billionaire who owns the Chargers, thinks getting into the Los Angeles market is going to pay off. But with the Rams in L.A. already, the Chargers won’t be the only NFL franchise in town. So will fans actually show up to games and spend money on yet another team’s gear?

Allen Sanderson, economics professor at the University of Chicago, said this move isn’t really about the Chargers or the Rams.

The Environmental Protection Agency announced today that it’s locking in car fuel efficiency standards set four years ago, in advance of the incoming Trump administration. The plan requires automakers to more than double their fleet-wide fuel efficiency by 2025. While a key part of President Obama’s legacy, the regulation is not all popular with the automobile industry.

For banks, there’s a delayed benefit to rising rates

Jan 13, 2017

Interest rates are rising, which tends to be good news for banks. But it looks like it'll take a little longer for them to see the benefits. In earnings announcements today, several big banks, including Bank of America, reported flat or only slightly higher margins on interest rates. So when can the banks expect to cash in?

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Hayley Hershman

No matter who you are, you've probably had a rough day at the office that changed your perspective, or maybe you made an impulse purchase you really, really wish you could take back. This week, Chris Thile, the host of "A Prairie Home Companion," took our money-inspired personality questionnaire.

You can catch "A Prairie Home Companion" on your local public radio station.

Fill in the blank: Money can't buy you happiness but it can buy you ______

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Lizzie O'Leary

This week, President-elect Donald Trump held his first press conference since July, and answered questions about his plans for his businesses. 

The brief gist: he says he's handing over control of the Trump Organization to his older sons and a business associate and putting his assets into a trust. Trump says no new foreign deals will be made, but new domestic deals are allowed and the President-elect can look at an overall profit and loss statement.

The changing balance of US-Russia relations

Jan 13, 2017
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Lizzie O'Leary and Eliza Mills

In the past few weeks, there's been a lot of news about Russia, from the DNC hacking, to the intelligence community's conversations with President elect Trump about the Kremlin.

President Obama recently issued new sanctions against against the country, and ejected 35 Russian diplomats from the United States. 

To get a better sense of the economic and political relationships between the U.S. and Russia and what might change, Marketplace Weekend reached out to Matthew Rojansky, Director of the Kennan Institute at the Wilson Center.

01/13/2017: Business conflicts? Trump has a few

Jan 13, 2017
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Marketplace

We're going long and short on private prisons and President Barack Obama's legacy as a job creator with Marketplace's Lewis Wallace and The Atlantic's Gillian White. Then, UCLA law professor Jon Michaels talks us through President-elect Donald Trump's potential conflicts of interest and Russia expert Matt Rojansky explains the economic and political relationship between the U.S. and Russia. Plus, "A Prairie Home Companion" host Chris Thile takes the Marketplace Quiz.

Globalization backlash looms over Davos forum

Jan 13, 2017
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Sam Beard

The presidential inauguration may cast a pall over the World Economic Forum at Davos in the Swiss Alps next week. The vote for Donald Trump represented a stunning rejection of  some of the core beliefs propagated at Davos: a belief in the benefits of  globalization,free trade and mass immigration. Both Trump’s victory and the vote for Brexit in the United Kingdom  have been widely seen as a slap in the face for the global political and business  elite, the very people  who will gather in the Swiss ski resort. Will they feel abashed and deflated by these two electoral setbacks?  

Leigh Gallagher of Fortune and Felix Salmon of Fusion join Kai Ryssdal to discuss the week's business and economic news. This week, they debate whether the new administration will work towards heavily slowing down Congress, if President-elect Trump really is a "tweet risk" and what might be the best thing to ask Steven Mnuchin at his congressional hearing.

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Kim Adams

The city of St. Louis is trying a new strategy to fight urban blight. A massive project to raze an entire neighborhood and turn it into a new campus for a government intelligence agency.

The $1.75 billion project will keep thousands of jobs in the city, but comes at the expense of a historically black community that remains skeptical of how much of the development will benefit them.

Advocates for the unbanked worry about the Trump era

Jan 13, 2017
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Nancy Marshall-Genzer

Nineteen year-old Roxana Mercado Rojo needed $700. She was brought to the U.S. from Bolivia as a toddler.  She’s undocumented, and decided to apply for an Obama administration program that lets people like her get temporary protection from deportation and eligibility for a work permit.  There’s a fee.  Where to get the money?

“You know, I couldn’t kinda borrow from my parents and, you know, there wasn’t anyone of trust that I can borrow from,” she said.

01/13/17: Big banks, big money

Jan 13, 2017

After the election, some of the biggest banks were able to pull in a lot of money. We'll dive into the latest market trends. Next, we'll explore complaints from the EPA that some of Fiat Chrysler's vehicles are responsible for illegal pollution. Finally, we'll talk with some political outsiders who are vying for a position in the Trump administration.

Outsiders hope for jobs in Trump administration

Jan 13, 2017
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Nancy Marshall-Genzer

David Vincent Gagne is a chief technology officer for a web development company. He's from Ormond Beach, Florida. Sergio Loya is a management consultant in Ashburn, Virginia. Gagne voted for Hillary Clinton. Loya voted for Donald Trump. But they describe themselves as political outsiders.

They both applied for jobs in the new administration. I first talked to them the week after the election.

“I think with Trump there’s a much greater chance for people that have not been in the political 'industry' to make a change in the world,” said Gagne then.

With a few banks reporting earnings Friday  — JP Morgan Chase, Wells Fargo, Bank of America — we'll take a look at banking’s prospects. The new Trump administration and a GOP-controlled Congress have said they plan to dial back Dodd-Frank and other financial regulations. For the most part, bank stocks – and the market overall — have done well in the months since the election. Rising interest rates are a help to banks, of course. But in the long run, how will things play out if the new administration removes banking and finance regulations?   

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Marketplace

The Justice Department announced that it would phase out the use of private prisons. But the Georgia town of McRae-Helena has staked its future on these facilities. We've visited the region to see how residents feel about their presence. And in Trump-related news, we'll look at some of the cabinet picks who have yet to be scheduled for confirmation hearings, and discuss what the future might look like for big banks during his tenure. 

01/13/17: Using Fitbit to detect health issues

Jan 13, 2017
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Marketplace

With the expectation of big domestic growth, Amazon plans to create 100,000 full-time positions in the U.S. over the next year and a half. We'll look at where the retailer expects to see growth and where its thousands of new employees are likely to be working. Next, we'll talk about a new study that says fitness trackers can be used for the early detection of health problems, and then cap off the show with our weekly numbers game, "Silicon Tally." This week's opponent: Alex Davies, the transportation editor at Wired.com. 

As we all know, the maker of EpiPen, Mylan, has engaged in price gouging. But this week, the larger health care industry sent a strong message that they are not going to stand for it. On Wednesday, Cigna announced it would only cover the generic version of EpiPen. On Thursday, CVS announced a deal with an EpiPen competitor that could hurt Mylan’s generic sales. It’s a strange and unusual kind of pushback. The kind we rarely see in the health care industry.

Click the above audio player to hear the full story.


A small Georgia town where prisons play a big role

Jan 13, 2017
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Lane Wallace

McRae-Helena, Georgia, with a population of about 8,700, is what you could call a prison town, times two. There’s a state prison at one end, and McRae Correctional — a private federal prison — at the other. Together, the two facilities house some 3,000 people. 

Lon Hamilton owns the Southern Star Grill, a family-style restaurant not far from the federal prison. 

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Kai Ryssdal

If you were watching the web feed of C-SPAN today, you might've noticed something odd.

Just as California Congresswoman Maxine Waters was making a speech about SEC regulations, the feed abruptly switched over to Russia Today, the television network funded by the Kremlin. There was a flurry of cheerful pop music, followed by a slideshow of promotional tweets encouraging tourism in a fictional country called San Escobar.

What the heck is reconciliation?

Jan 12, 2017

GOP lawmakers are using “the R word” again: reconciliation. In the last couple of years, it’s become Congressional leaders’ favorite tool to ratchet down federal spending. Now Republicans plan to use the budget maneuver to start their repeal of parts of Obamacare. But what is reconciliation anyway? And is it a good idea for Congress to use it this way?

The civil rights divide over charter schools

Jan 12, 2017
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Amy Scott

Inside a small brick row house in northwest Baltimore, Md., Tiela Smith pulls on a parka, pink hat and gloves and a huge backpack. Then she heads out the door to walk one block to Langston Hughes elementary school.

But instead of going inside, she walks around the side of the building to a parking lot, where a yellow school bus is waiting. Langston Hughes closed last year, so Tiela, 8, now rides the bus a mile away to Arlington elementary. 

Tiela doesn’t mind, she said, because “when you don’t walk your legs don’t feel tired.”

A look at intelligence units, made just for airports

Jan 12, 2017
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Kai Ryssdal and Crystal Castle

Intelligence operations have been in the news of late. But there are all kinds of analysis and information gathering going on at airports and other areas of this country's infrastructure.

What will Trump critics do about conflicts now?

Jan 12, 2017

President-elect Donald Trump’s plan to deal with his business conflicts is under fire from government ethics experts of the Republican, Democratic and non-partisan variety. Trump is transferring control of his businesses to his adult sons and a Trump Organization executive, but not selling his assets and not forming a blind trust. The ethics community doesn’t like it, but Trump says that’s the deal, setting up a fight. Can they turn to the courts? 

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Marketplace

Roughly 240,000 tickets have been distributed for the inauguration. Factor into that some 150,000 protesters turning up for Women’s March on Washington scheduled for the following day, and Washington D.C. will be welcoming two very large, and very different, crowds of people into the city next week.

That creates both an opportunity and a challenge for businesses. While both Republican and Democratic money is green, as political activists look to put their money into businesses that support their politics, things can become complicated.

How to make lunch at your desk less sad

Jan 12, 2017
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Kai Ryssdal

A limp salad thrown into Tupperware. A PB&J served on a paper towel. A stolen slice of breakroom birthday cake.

This is the "Sad Desk Lunch," a familiar, sorry sight for many an office worker. They're often eaten quickly, while hunched over a keyboard.

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