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.

Tech, like a lot of other industries, is dominated by men. Women get $3 in venture capital for every $4 that men do, according to tech site Crunchbase. And only 17 percent of startups have a woman as their CEO. Katrina Lake, the founder and CEO of Stitch Fix, has experienced that sexism first hand. In 2017, she was the only female CEO to take a company public in the U.S.

An inquiry is being conducted after allegations that the aid group Oxfam covered up a sex scandal involving some of its senior staff. There's money on the line to be lost, but also the worrying matter for any charitable organization of lost public trust.

Click the audio player above to hear the full story. 

Getting Facebook out of controversy

Feb 13, 2018

It has been a rough couple years for Mark Zuckerberg and the company he owns. Facebook is at the uncomfortable center of the controversy over the 2016 election and how easily the company's news algorithms were duped by the Russians. And it is also being accused of spreading fake news on its site.

During the past two years, Zuckerberg has been trying to fix it all.

The Fed is expected to raise interest rates multiple times this year, which could affect interest rates and yields in the broader bond market. Today a top bond trader at Goldman Sachs forecast the yield on the 10-year Treasury will rise to as high as 3.5 percent by the summer. We haven’t been in a world of rising bond yields for quite awhile. So what does this mean?

Click the audio player above to hear the full story. 

Markets wait for latest inflation number

Feb 13, 2018

The Labor Department will be out tomorrow with one measure of inflation: the consumer price index. You can bet a lot of people are going be paying special attention to that number, because investors have made it clear they’re worried about rising prices. Meanwhile, although it turns out we can measure inflation, it is really hard to predict.

Click the audio player above to hear the full story. 

U.S. mortgage debt rises to $8.8 trillion

Feb 13, 2018

As of Dec. 31, Americans are $13.15 trillion in debt. That’s $193 billion more than the quarter before, according to the latest data released by the Federal Reserve Bank of New York. Most of that increase — about $139 billion — has been in mortgage debt. Americans owe a total of $8.88 trillion in mortgages loans.

02/13/2018: Brace for inflation

Feb 13, 2018

We'll get the latest monthly inflation numbers tomorrow morning, before the bell, and as we saw last week, markets are a little skittish. The thing about the Consumer Price Index is we can measure it pretty well, but predicting it is a lot harder. Then, we'll look ahead to the Fed and bond markets, and how interest rates could be affected by inflation. Plus: What we can learn from Facebook's "Two Years of Hell."

When Dan Weiss was in grad school, in the 1980s, he'd pay a dollar to visit the Metropolitan Museum of Art. The museum has had a "pay what you wish" policy in place since 1970. Later in life, Weiss chose to pay $5, and eventually the full suggested fee. These days, of course, Weiss gets in for free. He's the museum's president and CEO. "I pay with my life," Weiss laughed.

How does China’s social credit system work?

Feb 13, 2018

By 2020, China wants to have a system to assess a person’s creditworthiness, however, credit is still relatively new in China. Most Chinese do not have a credit card, a mortgage or other bank loans. Thus, officials are collecting not only financial credit information but also legal infractions, as well as anti-social behaviors such as jaywalking or not sorting garbage in the appropriate bins.

In the summer of 2016, Xie Wen applied for a loan at the bank and was rejected. Later, he tried to purchase a plane ticket online but was blocked by the system.

“That is when I knew I was blacklisted,” Xie said.

(Markets Edition) The Trump administration wants to roll back Obama-era climate emission regulations, which could result in companies drilling on federal lands to let more methane get out into the atmosphere. We'll look at the potency of the gas, and the Trump administration's pursuit of energy dominance. Afterwards, we'll look at the amount of money the 2019 presidential budget is allocating to combat the opioid epidemic, and then discuss how countries around the world are racing to implement a 5G wireless system.

Unilever’s head of marketing, Keith Weed, told an advertising conference in California that digital platforms had become “swamps” of fake news, racism and sexism. What will this mean for advertising on social media?

Click the audio player above to hear the full story. 

The U.S. job market is tight. With around 6.7 million workers currently searching for jobs and almost 6 million job openings, the competition for workers is heating up. One of the ways that we are seeing this play out is through different compromises that employers are willing to make when hiring new talent. One of those compromises is not requiring a four-year degree for certain jobs.

(U.S. Edition) Point72 Asset — the investment firm of billionaire Steven Cohen — is facing a lawsuit alleging sex discrimination. On today's show, we'll look at the claims and discuss how Wall Street banks have ways of keeping issues like these quiet. Afterwards, we'll look at the possibility that Unilever — one of the world's biggest advertising spenders — will pull its ads from sites like Google and Facebook, citing racism and sexism.

(Global Edition) From the BBC World Service … After a marathon session, South Africa’s ruling ANC party decided to recall President Jacob Zuma, giving him 48 hours to respond or else launch a parliamentary vote of no confidence. Then, Iraqi officials estimate the country needs about $88 billion to rebuild after it was seized by the Islamic State in 2014. We’ll take you to a donor conference taking place in Kuwait and explain where the money is likely to come from and how it could be spent.

What do you do to unwind after a long, hard day at work? Some of us like to veg out on the couch, drink a glass of wine, or — in the case of some of the world's top business leaders — practice meditation. Specifically, transcendental meditation.

Transcendental meditation is a technique that involves closing your eyes, 20 minutes twice a day, so that you can "experience a field of calm deep within."

Why facial recognition software has trouble recognizing people of color

Feb 13, 2018

Facial recognition software has made huge advancements in accuracy, but it has a long way to go — specifically when it comes to recognizing people of color. Commercially available software can tell the gender of a person using a photograph. But according to researcher Joy Buolamwini, of the MIT Media Lab, that software is correct 99 percent of the time when it’s looking at a white male and less than half as accurate when looking at a darker-skinned female. Marketplace Tech host Molly Wood spoke with Buolamwini about her research and the human biases that creep into machine learning.

Facial recognition software has made huge advancements in accuracy, but it has a long way to go — specifically when it comes to recognizing people of color. Commercially available software can tell the gender of a person using a photograph. According to researcher Joy Buolamwini, of the MIT Media Lab, that software is correct 99 percent of the time when it’s looking at a white male but is less than half as accurate when looking at a darker-skinned female. Marketplace Tech host Molly Wood spoke with Buolamwini about her research and the human biases that creep into machine learning. 

The darkest building on the planet is at the Olympics

Feb 12, 2018

Among the skating rinks, the bobsled tracks and the ski slopes of the Winter Olympics in Pyeongchang stands something completely different — what's being called the darkest building on the planet. It's a pavilion sponsored by Hyundai painted with a high-tech new color that its maker says is the world's darkest man-made substance.  

On infrastructure, Donald Trump has a math problem

Feb 12, 2018

Today, the White House outlined a $1.5 trillion plan to deal with our nation’s infrastructure problems — everything from waterways to highways to commercial space infrastructure. But the federal government plans to provide just $200 billion of that $1.5 trillion. Where would the rest come from? Mostly from state and local governments, who already feel burdened by federal policy.

Click the audio player above to hear the full story. 

With her MBA in hand, Jessica Saturley-Hall knew she wanted to start her own business, and she got hooked on the concept of compost. She knew that food scraps produce significantly more methane, a greenhouse gas, when tossed in a landfill, rather than breaking down on their own. So she wondered, what if you could somehow reward people for separating their food waste from their trash?

At first, she thought about the idea of somehow paying people for their compost. She ran a host of financial models, looked at it every which way, but couldn’t come up with a solution.

The fiscal year 2019 budget the White House released today isn't what you might call an "operative" piece of fiscal policy. Congress hammered out a two-year spending plan just last week, after all. But the budget is still worth a read for some of the assumptions the Trump administration's making — like a decade of economic growth at 3 percent or more. We'll start the show by unpacking that and the White House's new infrastructure plan, and the math issues therein.

WASHINGTON (AP) — President Donald Trump on Monday launched what he calls a “big week” for his infrastructure plan, which envisions $1.5 trillion in spending over a decade to rebuild roads and highways. The plan would fulfill a key campaign goal but rely heavily on state and local government budgets to become a reality.

The president was meeting with eight governors and several state and local officials at the White House later in the day to drum up support.

In just about every occupation, women earn less than men. For every dollar that a man makes, his female colleague earns about 80 cents, according  to the U.S. Department of Labor. On top of that, white, non-Hispanic and Asian women outearn Black and Hispanic women. In fact, the U.S. ranks at No. 49 in countries making the most progress toward equal pay.

(Markets Edition) President Trump is releasing his 2019 budget proposal today, which will call for $4 trillion in spending. We'll take a look at where the White House is allocating some of this money. Afterwards, we'll talk to economist Julia Coronado from MacroPolicy Perspectives about this week's upcoming temperature reading on inflation, and then discuss  China's social credit system, which punishes people who engage in behavior deemed "anti-social."

The budget plan passed in the wee hours of the night on Friday not only put a quick end to the second shutdown of 2018 but also temporarily breathed life into several expired tax deductions. Under the plan many of these tax breaks were only extended retroactively for 2017. As such, their future remains uncertain.

(U.S. Edition) Now that Congress has struck a budget deal and passed a tax bill, President Trump is moving on to infrastructure. We'll look at where the White House plans to get the money for its projects and why it'll be tough. Afterwards, we'll discuss the billions that this flu season could cost in lost productivity, and then talk to five people named Jerome Powell about their thoughts on the economy.

Flu season could cost employers billions of dollars

Feb 12, 2018

Since flu season began in October, roughly 30 of Dan Turner’s 140 employees have called in sick. His response to them?   

“Rest, get lots of fluids, and did you remember to get your flu shot?” said Turner, president of IT consulting firm, TCG. “Hopefully they did because we actually paid for them to get the flu shots.”

President Trump to outline infrastructure plan

Feb 12, 2018

Budget deal … done. Tax plan … done. Now to infrastructure reform. President Donald Trump is set to release his plan for how to update the nation’s roads, bridges and water systems today. If this all sounds familiar, it’s because the White House has been promising the plan was coming “soon” since Trump came to office. 

Click the audio player above to hear the full story. 

(Global Edition) From the BBC World Service … Australia’s biggest banks, among the world’s most profitable, are being accused of exploiting customers and corporate fraud. We’ll explain what a landmark inquiry is looking into. Then, the latest developments after a World War II-era bomb discovered in the River Thames brought London’s City Airport – frequented by European business travelers – to a standstill this morning. Afterward, how migration and the rise of the far right have become big issues for Italians heading to the polls for national elections next month.  

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