Marketplace

Mon-Fri 6:30 - 7:00 pm
  • Hosted by Kai Ryssdal

Hosted by Kai Ryssdal, Marketplace is an in-depth program that focuses on everything from 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.

Will the iPhone (RED) boost Apple's sales?

23 hours ago
Jana Kasperkevic

Apple’s new iPhone 7 — a distinctly colored red iPhone — is on sale today. The newest iPhone is a collaboration between Apple and Bono’s (RED) Campaign, but while the phone is connected to a charitable cause, it may also mean a bump in sales.

Scott Tong

An insider says pollution from a Nigerian oil spill in a pipeline owned by Shell's parent company remains “astonishingly high” nearly a decade on.

In 2008, two Shell pipelines burst in a part of Nigeria known as the Bodo community. Local villagers asserted in court that the amount spilled equals that of the Exxon Valdez tanker disaster from 1989.

Even with approval, Keystone pipeline may not get built

Mar 24, 2017

The Trump administration has approved a construction permit on the long-delayed Keystone XL pipeline. Back when it was planned in 2010, oil was still trading at $100 a barrel and fracking had yet to fully ramp up. The project still serves as a symbol for both environmentalists and energy companies. But the overall impact of the pipeline may be less than originally thought, both in environmental terms and its demand from a market that is already flush with supply.

Click the audio player above to hear the full story.

Why hiring a new CEO can be really difficult

Mar 24, 2017

The world’s biggest entertainment company is taking a little more time to choose a new CEO. Disney announced it will extend the contract for CEO Robert Iger for another year, until 2019. This is the third time Disney has extended Iger’s contract. He was originally supposed to retire in 2015, but Disney keeps convincing him to stay on, this time with a $5 million bonus for the extra year. Disney isn’t the first company to have trouble putting a succession plan in place. Why is it so hard?

Click the audio player above to hear the full story.

What people get wrong when they talk about NAFTA

Mar 24, 2017
Kai Ryssdal and Daisy Palacios

This story is from our special series that explores NAFTA’s role in our economy from the perspective of workers, business owners and trade negotiators. What exactly is NAFTA? And what happens if it changes? Join us to discuss how one of the most hotly contested issues in our society shapes the way we live.

Kai Ryssdal

Leigh Gallagher of Fortune and Sudeep Reddy of Politico join us to discuss the week's business and economic news. This week, they talk about the GOP's health care bill falling apart and what comes next now that President Donald Trump shifts focus on tax reform.   

Why your robot restaurant might get sued

Mar 24, 2017

About half a dozen kiosks stand ready to take your order at Eatsa in midtown New York. With the help of technology, the fast-food startup basically eliminated the need for front-of-the-house staff. Hungry New Yorkers walk in, key in their order, pay and then pick up their order from one of the nearby cubicles. No human interaction necessary.

That is, unless you are blind.

What 'Frozen' had to do with the 'Beauty and the Beast' reboot

Mar 24, 2017
Kai Ryssdal and Bridget Bodnar

When Disney's live-action remake of "Beauty and the Beast" opened in theaters last weekend, it broke a bunch of box office records. That's pretty good news for Todd Lieberman and David Hoberman, the producers at Mandeville Films who made the film for Disney. Lieberman talked to Marketplace host Kai Ryssdal about the experience. Below is an edited transcript of their conversation.

Scott Tong

This story is from our special series that explores NAFTA’s role in our economy from the perspective of workers, business owners and trade negotiators. What exactly is NAFTA? And what happens if it changes? Join us to discuss how one of the most hotly contested issues in our society shapes the way we live.

Marketplace

Well then. Seven years and one day after the Affordable Care Act became law, after more than 50 votes to repeal and one tense, go-for-broke replacement attempt under President Donald Trump, Republicans backed off their health care plan. We'll leave the political post-mortems to others, and instead just focus on the economy and tax reform, which the GOP says is next on their agenda. Plus, we have a double-dose of Disney stories (one in the boardroom, another at the theater) and the thrilling conclusion of our NAFTA series.

There's been another sharp drop in the markets this week, following a delayed vote on the GOP's health care bill. FTN Financial's Chris Low joins us to explain why there's a connection between the two. Next, we'll talk about one indie music label's investment in vinyl records, and then look at the effect that interest rate hikes from the Fed will have on the automobile market. 

Senate votes to end Obama-era privacy rules

Mar 24, 2017

Most congressional headlines are focused on health care this week, but another bill is on the move that could kill off internet privacy protections.

The Senate voted Thursday to put a stop to Obama administration privacy rules that would prevent internet providers like Comcast and Verizon from selling consumer browsing information. The bill looks likely to pass the House and be signed into law by President Trump.

Starting next Monday, customers of Wells Fargo bank will be able to make ATM withdrawals nationwide without a card using a smartphone. The trend could spread quickly to other banks around the country as consumers grow more used to advanced banking technology.

Click the audio player above to hear the full story.

New York plans to boost broadband infrastructure

Mar 24, 2017

The New York is looking to bridge the digital divide by bringing broadband access to every household in the Empire State by the end of next year. It would be the first state in the country to pull that off. Many poor and rural areas lack broadband. 

Click the audio player above to hear the full story.

This indie music label is investing in vinyl

Mar 24, 2017
Hady Mawajdeh

Dustin Blocker is the owner of Hand Drawn Records near Dallas, a label that caters to independent musicians. And recently, Hand Drawn ventured into a new business: It’s manufacturing vinyl records.

Blocker’s presses are inside a giant packaging facility — it’s about the size of two Home Depots. The place is filled with rows of boxes stacked floor to ceiling. In one corner sit two brand-spanking-new vinyl record presses, each about the size of a pickup.

Why the government can't compete with Silicon Valley

Mar 24, 2017
Nancy Marshall-Genzer

The federal government’s tech workforce skews older. As its IT employees retire, they could be hard to replace — it’s difficult for federal agencies to attract young tech workers. 

You can see the federal IT worker shortage playing out on your computer screen. The Information Technology and Innovation Foundation, a tech think tank, analyzed almost 300 of the most popular federal websites, looking at security and speed, and whether they’re mobile friendly and accessible for the disabled. 

03/24/17: A new way to withdraw money from the ATM

Mar 24, 2017
Marketplace

Wells Fargo is going to start letting customers withdraw money from ATMs using their smartphones, no debit card required. We'll chat with the Tiffany Rad, the CEO and founder of the security firm Anatrope, about whether this method of transaction is actually safe. Afterwards, we'll play this week's Silicon Tally with Vanity Fair's Maya Kosoff, and then look at the Senate's decision to scrap various user privacy rules for Internet Service Providers. 

Marketplace

The Senate has voted to put a stop to rules from the Obama administration that would prevent internet providers like Comcast and Verizon from selling your browsing data. We'll look at how these regulations were supposed to protect your privacy. Next, we'll talk about Wells Fargo's decision to allow customers to withdraw money from ATMs using their phones, and then explore the federal government's difficult recruiting young tech workers.

Three finalists named for St. Paul superintendent opening

Mar 23, 2017

Dateline: St. Paul
Updated 4:35 p.m. | Posted 3:52 p.m.

Finalists for the next St. Paul schools superintendent include the current leader of the Burnsville-Eagan-Savage school district and two out-of-state candidates, according to a district announcement Thursday.

Joseph Gothard of the Burnsville-Eagan-Savage district, Cheryl Logan, chief academic support officer in the Philadelphia school district, and Orlando Ramos, a regional superintendent in Milwaukee Public Schools are in the running for St. Paul's top job.

My Economy: Caring for seniors through art

Mar 23, 2017
Robert Garrova

For this latest installment of our series My Economy, we hear from Martha Rast, a therapeutic art teacher living in Tuscon, Arizona.

“My name is Martha Rast, and I teach therapeutic art lessons.

It’s way better than cool. It’s the best job in the world — I love it. Any kind of therapeutic experience, really, has to be human-to-human. Because the one thing machines cannot do yet, and I don’t think they ever really will, even if there’s AI, is really truly understand emotional intelligence.

Kai Ryssdal

Liza Mundy’s cover story in the current issue of The Atlantic, “Why Is Silicon Valley So Awful to Women,” draws on a long history of sexism in high tech and in Silicon Valley in particular.

The latest carrot that House leadership and the White House are using to win conservative Republican votes for the health care bill is repealing an Obamacare provision that standardized insurance policies. Under Obamacare, virtually all insurance policies cover things like hospitalization, mental health, prescription drugs and pregnancies – known as essential health benefits. But guaranteeing those benefits cost money, while doing away with them would drop the price of premiums.

Click the audio player above to hear the full story.

As farmworkers grow scarce, wages are on the rise

Mar 23, 2017
Kai Ryssdal

Tighter borders were supposed to mean more jobs for native-born Americans. That's the theory anyway, but California farmers aren't living in that world. Instead, they're competing for a workforce where nine out of 10 people are immigrants, and many are undocumented. While some farmers are raising wages well above the minimum to attract workers, many others can't afford to. Los Angeles Times economy writer Natalie Kitroeff visited several California farmers to see how they're coping with a smaller workforce. Host Kai Ryssdal spoke with Kitroeff about what she learned.

Multiple U.S. companies are pulling their ads from YouTube over offensive material. AT&T, Verizon and Johnson & Johnson’s decision follows other companies here and abroad that will stop advertising until Google can guarantee their ads won’t run before videos containing hate speech. Google says it's committed to working on a resolution, but there are technological challenges, among others.

Click the audio player above to hear the full story.

What if NAFTA were never born?

Mar 23, 2017
Scott Tong

This story is from our special series that explores NAFTA’s role in our economy from the perspective of workers, business owners and trade negotiators. What exactly is NAFTA? And what happens if it changes? Join us to discuss how one of the most hotly contested issues in our society shapes the way we live.

Trump's trips are expensive. Can Congress step in?

Mar 23, 2017
Tony Wagner

We spent a lot of time this week talking about an existential question for people watching Donald Trump's young presidency: What's a crisis and what isn't? We also spend a lot of time trying to parse what's typical for a new administration and what, like Trump himself, is unprecedented. 

Those questions were still rattling around in our heads when we got this question from Margot S.:

ICE union to Trump: Come drain our swamp

Mar 23, 2017
Jana Kasperkevic

President Donald Trump’s plans for immigration policy enforcement call on the U.S. Department of Homeland Security to hire thousands of new employees, but union reps are saying that’s not going to happen without some changes.

Union presidents representing Immigration and Customs Enforcement agents and Customs and Border Protection agents voiced their concerns Wednesday, citing an arduous hiring process and low morale as obstacles to Trump’s hiring directives, even as they lauded the president’s dedication to immigration enforcement.

It didn't take Apple CEO Tim Cook long. He visited India for the first time just short of a year ago. Now comes word that Apple will begin assembling iPhones in Bangalore within a month or two. India is the world's second-largest smartphone market and growing fast. With China just about tapped out on expensive phones, the Indian market could hold the key to Apple's future growth. The potential for the tech company is huge. But the hurdles Apple needs to clear are pretty big, too. 

Click the audio player above to hear the full story.

Marketplace

So, no vote on the big GOP health care bill today. There might be one tomorrow, depending on whether you listen to the White House or to Republican leaders in Congress. The latest carrot they're using to win votes is scrapping an Obamacare provision that standardized insurance policies. We'll talk about "health care a la carte." Plus, a NAFTA thought experiment and the latest in our My Economy series.

03/23/17: When your government is a bank robber

Mar 23, 2017

Last week, 258,000 applied for unemployment benefits last week. While these numbers move around week to week, the latest figures indicate a large spike. Diane Swonk, the CEO of DS Economics, breaks down the causes of this increase, which include bad weather. Next, we'll talk about new research that looks at the connection between the mortality rate and job opportunities. And finally, we'll discuss North Korea's possible involvement in a mega bank heist at the New York Fed.

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