Marketplace

All Stations: 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.

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Meet Goldman Sachs' new CEO: DJ D-Sol

3 hours ago

(Markets Edition) Fed Chair Jerome Powell is set to begin two days of testimony on Capitol Hill, and investors are watching closely. We'll talk to Gabriela Santos — global market strategist with JP Morgan Funds — about what we should expect. Afterwards, we'll discuss Goldman Sachs' new CEO, David Solomon, and why the news is so significant, and then we'll explore the growing problems restaurants have in finding enough staffing.

On Wednesday, we get second-quarter earnings from Alcoa, the major aluminum manufacturer. And that may offer clues about how the escalating trade battle is playing out for domestic manufacturers and workers now that tariffs on aluminum and steel are a reality. The United States is now charging 10 percent tariffs on imported aluminum from Canada, the European Union and other countries. This puts Alcoa’s U.S.-made aluminum at a competitive advantage in the domestic market. But it may not help reopen aluminum plants that were already shuttered, thanks in part to low-cost foreign competition.

The National Restaurant association projects that sales will grow by 4 percent this year. Celebrity chefs and Instagram foodie streams all point to an industry on the upswing. But staffing restaurants isn’t easy these days. Susan Spicer runs three restaurants in New Orleans, and says this is in part because her industry gets a bad rap — long hours, little pay, substance abuse, harassment. She spends a lot of time fighting that image, but still has trouble finding people to work for her.

Goldman Sachs' new CEO has a side hobby as a DJ

5 hours ago

Full-time company president, part-time DJ. 

Goldman Sachs has just announced that David Solomon, 56, will be its next CEO, taking over the reins from the current chairman, Lloyd Blankfein. We found out that when he's not helping steer the direction of one of the world's largest investment banks, he serves as an electronic dance DJ under the name "DJ D-Sol," with gigs in New York, Miami and the Bahamas. 

Goldman Sachs names David Solomon, investment banker and DJ, as its new CEO

6 hours ago

The powerhouse investment bank Goldman Sachs has just announced David Solomon will be its next CEO, succeeding chairman Lloyd Blankfein. 

Solomon, 56, is the firm's current president, rising through the ranks since he first arrived at the company. Following the financial crisis, he's been a part of Goldman's shift from trading toward consumer lending (in 2016, the company launched a direct bank called GS Bank, where consumers could open savings accounts).

(U.S. Edition) The Federal Communications Commission has thrown a wrench into a proposed merger between Sinclair Broadcast Group and the Tribune Media Company. We'll look at why FCC Chairman Ajit Pai, who's considered pretty business-friendly, has a problem with the deal.

A cars-for-cheese deal

8 hours ago

(Global Edition) From the BBC World Service … About 600 million people are about to benefit from a major free trade agreement between the European Union and Japan in what's called a "cars-for-cheese deal." With tariffs on most goods set to disappear, we explain why it’s America — not Asia — that’s suffering from the “protectionist disease." Then, the world's largest e-commerce retailer may be running a massive promotion, but in Germany, Amazon's workers are striking over pay.

About half an hour before the Houston Astros take on the Oakland A’s in an afternoon game at Minute Maid Park, a bar across the street from the stadium, HTX Fan Tavern, is packed. But Gabe Luna, the bar’s manager, knows it’s about to thin out significantly.

How Univision's talent scout finds the next social media star

8 hours ago

As part of our series on the creator economy, we’re looking at “influencers.” Those are the YouTube, Instagram and Snapchat personalities who get big followings and free products that they then promote to their followers. We're also looking at the people who find those influencers and connect them with the brands who want to influence people.

How Univision finds the next social media star

9 hours ago

As part of our series on the creator economy, we’re looking at “influencers.” Those are the YouTube and Instagram personalities who get big followings and free products that they then promote to their followers. We're also looking at the people who find those influencers and connect them with the brands who want to influence people. One of those finders is Jennifer Perri, vice president of the Univision Creator Network. She talks with Marketplace Tech host Molly Wood. 

China filed a complaint with the World Trade Organization Monday, nearly a week after President Donald Trump threatened it with an additional $200 billion in new tariffs.

It's the halfway point in the Major League Baseball season, with the All-Star Game happening Tuesday night in Washington, D.C. The good news for MLB is that television ratings are up. The bad news? Leaguewide attendance is down compared to this point last season. 

One exception has been the Houston Astros, which won the World Series last year and has one of baseball's best records so far this season.  At Minute Maid Park on a recent afternoon, hundreds of people lined up at the box office for tickets to watch the Astros take on the Oakland A’s.

Hi, I'd like to file a complaint

23 hours ago

We're starting today with news from overseas, not Helsinki but Geneva, where the World Trade Organization is fielding complains from China against the United States, and the U.S. against pretty much everybody. We'll talk about what happens next and what it could mean for the brewing trade war(s). Then: site glitches aside, Amazon's Prime Day has become a sort of Black Friday in July, which means a lot of packages will be on the move these next few days. We'll look at whether the shipping industry will be able to, uh, deliver.

The business of luxury chicken rearing

Jul 16, 2018

(Markets Edition) We had some strong numbers for retail last month. The U.S. Census Bureau has revealed that June retail sales were up 0.5 percent. We'll hear from Julia Coronado, founder of MacroPolicy Perspectives, about what these figures say about consumers, the labor market and inflation. Afterwards, we'll discuss Facebook's plan to pay Fox News, CNN and ABC to make programs exclusively for the platform, and then we'll explore how wealthy residents in the Bay Area are sinking $20,000 into fancy heritage chickens and ornate homes for them.

Backyard chicken keeping has taken off in the Bay Area as residents seek ways to disconnect from technology. Most people spend $1,000 or less on their birds and coops, but a wealthier subset of chicken owners have really gotten into it, in some cases sinking $20,000 or more into fancy heritage chickens and ornate homes for them.

Click the audio player above to hear the full story. 

 

Another rural hospital has closed, the 85th to shutter in the U.S. since 2010. This latest closing happened in Dunklin County, Missouri, one of the poorest counties in the state. The hospital was home to the only OB-GYN physician in a region that has one of the highest premature birth and infant mortality rates in the state.

How are consumers spending their money?

Jul 16, 2018

The U.S. Census Bureau will release June retail sales data this morning. We already know that consumer spending is strong right now due in part to a tight labor market and inflation. But how are consumers financing their current spending spree and what are they spending on, exactly?

Click the audio player above to hear the full story. 

(Global Edition) From the BBC World Service … It’s official: Chinese growth figures showed the economy lost steam in the second quarter against a backdrop of growing trade tensions. Is it time to worry about the world’s second-largest economy? Meanwhile, European Union leaders have urged China, the U.S. and Russia not to start a trade war. We ask if multilateralism, mutual understanding and mutual respect are enough to avoid one. Then, imagine flying from New York to Singapore in just a couple of hours. The boss of Boeing thinks hypersonic jets are coming sooner than you think.

Ten years later, what we learned from WALL-E

Jul 16, 2018

Ten years ago this summer, we all became familiar with the little trash compacter that could — WALL-E — and his slightly scary, Earth-scanning, but eventual companion Eve.

Disney's "WALL-E," which took home the Academy Award for Best Animated Picture in 2009, offered a darker look at Earth's possible future — one where humans have ruined the planet's environment with trash — and are forced to live in space, captive to screens, self-driving chairs and robot servants. 

Ten years later, what we learned from WALL-E

Jul 16, 2018

Ten years ago this summer, the Pixar film “WALL-E” came out. It's about a future where humans have ruined earth's environment with trash, so they live in space, captive to screens, self-driving chairs, and robot servants. One little robot is left on Earth to clean up the mess, until he finds love — and ends up saving humanity from itself. As part of our summer entertainment series, we're pondering the critiques and lessons of Wall-E with sci-fi writer Kim Stanley Robinson, who also happens to be a big fan of the film.  (07/16/2018)

Income inequality, the gap between people at the top of the income scale and those at the bottom, has been growing bigger in the U.S. for several decades. And if you break down income inequality by race and ethnicity, large variations emerge, even within some of those groups.

Until Viagra hit the scene in the late '90s, treatment options for erectile dysfunction were limited.

“The thing that made Viagra so wonderful was the only thing before that was a drug called Caverject,” said former Pfizer attorney Kent Bernard. “Caverject needed to be injected into your penis about half hour before you wanted to have sex. You would not want to come within a mile of using that product,” he said.

Why Hulu is a real prize in the battle for Fox

Jul 13, 2018

Disney and Comcast have been outbidding one another the last several months to buy Rupert Murdoch’s 21st Century Fox. It looks like Disney may have landed the final bid. Disney and Fox shareholders are expected to vote on the merger at the end of this month.

And one asset that’s been a big draw in all this is Hulu. The two companies bidding for Fox – and Fox itself – each own a 30 percent stake in Hulu, but the winner will get majority ownership.

Trump's stirs controversy during U.K. visit

Jul 13, 2018

Prime Minister Theresa May’s heart must have sunk. As she waited for President Donald Trump outside Blenheim Palace — a magnificent 18th century mansion in Oxfordshire where she was hosting a banquet in honor of the president – the prime minister was told about an interview her unpredictable guest had given earlier to a British tabloid newspaper, The Sun. In the interview, he lobbed a metaphorical grenade into May’s most important policy and made remarks which one of her supporters described as “deeply insulting.”

China might be worried about an economic slowdown

Jul 13, 2018

(Markets Edition) China reported last month that it had a record trade surplus with the U. S. — another way of saying it had a record trade deficit with the country. But there were some other surprises buried deeper in the data, which we'll dive into on today's show. Afterwards, we'll discuss how Amazon's competitors have started hopping on the "Prime Day" bandwagon.

FIFA World Cup by the numbers

Jul 13, 2018

Croatia and France will battle for the title of best soccer team in the world on Sunday at 11 a.m. EST in the FIFA World Cup final. You can watch the game on Fox or Telemundo (if you're jonesing for those awesomely-elongated goal calls).  Many fans were hoping for an England vs. France final, but in an upset, Croatia beat England 2-1 in Wednesday's semifinal. And if you're an executive for one of the World Cup broadcasters, you were probably hoping for that final as well, because Croatia's not really a club that’s a household name.

What Big Macs can tell us about currencies around the world

Jul 13, 2018

We go through a lot of economic indicators on this program, but only one can claim to be the tastiest of them all: The Big Mac Index

Trump, on U.K. visit, blasts May's Brexit plan

Jul 13, 2018

British politicians from the left and right have condemned blunt comments on Brexit made by President Trump yesterday. The president is in the U.K. for his first official visit since taking office. In an interview with the tabloid newspaper "The Sun," Trump said Prime Minister Theresa May was "wrecking Brexit." He also cast doubt on the prospects for any bilateral trade deal between Britain and the U.S.

Click the above audio player to hear the full story.

The Big Mac Index

Jul 13, 2018

(U.S. Edition) President Trump visited the U.K. this week, leaving some very mixed messages. We'll discuss how the trip went, along with the British prime minister's push to snag a bilateral trade deal with the country. Afterwards, as part of Fed Chair Jerome Powell's first broadcast interview, we'll preview parts of his conversation with Marketplace's Kai Ryssdal, and then we'll talk to The Economist about its "Big Mac Index," which measures the difference between the price of a Big Mac in different countries to help us understand their currencies.

Trump dampens hope for U.K.-U.S. trade after Brexit

Jul 13, 2018

(Global Edition) From the BBC World Service … Protesters have lined the streets in central London this morning to speak against President Trump’s visit to the capital. Prime Minister Theresa May was counting on support from her U.S. counterpart with Brexit negotiations reaching a crescendo, but overnight comments from the president might have squashed her hopes. Then, new figures released today show China’s trade surplus with the U.S. hit a record high last month. How much of that has to do with escalating trade tensions between the two nations?

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