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  • 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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The fight over labor unions in Missouri

1 hour ago

(Markets Edition) Edgy rhetoric used to cause investors to fall back on the perceived safety of bonds, but despite the headlines on trade and Iran, markets are still ticking along. We'll talk to David Kelly, chief global strategist at JP Morgan Funds, about why investors aren't running scared from stocks. Afterwards, we'll discuss Missouri's plan to vote on potential new powers to undercut private-sector labor unions, and then we'll look at how Arkansas is experimenting with work requirements for those on Medicaid.

U.S.-China trade tensions worry Christmas exporters

3 hours ago

Yiwu city, sometimes referred to as Santa's real workshop, is just a short bullet train ride from Shanghai.

Some 600 factories in the city are estimated to produce two-thirds of the world's Christmas products, according to the local Christmas Products Association.

The items are on display at the Yiwu international wholesale market, which is a sprawling complex that is almost two square miles in size – picture 280 Macy’s department stores.

Arkansas phasing in work requirements for those on Medicaid

5 hours ago

Arkansas is at the forefront of a national experiment to see whether requiring work for health care coverage helps lift people out of poverty. So far, the state’s plan has seen low compliance among beneficiaries who may soon see themselves fall off the Medicaid rolls. Out of the around 10,000 people who were supposed to report their work in the state’s first phase of the work requirements, 7,464 had not reported  as of June.

Voters in Missouri will decide Tuesday whether to pass a “right-to-work” law. If approved, Missouri would join Michigan, West Virginia, Wisconsin and more than 20 other states in banning private-sector unions from charging dues to members.

Unions, who oppose right-to-work laws, say without the ability to collect union dues, they’ll have less power to bargain for higher wages for their workers. That in turn will hurt workers of all stripes, since nonunion employers typically raise wages to compete with union shops.

It's Black Women's Equal Pay Day

6 hours ago

(U.S. Edition) The U.S. has re-imposed sanctions on Iran overnight, but there's one way the Middle Eastern country is trying to get around that. We'll look at how Iran has been telling its citizens to import precious metals and get their hands on U.S. dollars. Afterwards, as part of Black Women's Equal Pay Day, we'll look at the wages that black women make compared to white men, and what some are trying to do to end the wage gap. Then to cap off today's show, we'll explore what trade tensions between the U.S. and China might mean for Christmas.

(Global Edition) From the BBC World Service … Snapback sanctions from the U.S. against Iran went into effect at midnight, and while European governments have vowed to protect companies wanting to continue doing business with the Middle Eastern country, will many choose to risk being frozen out of the American economy? Then, amid a diplomatic row between Saudi Arabia and Canada, one activist who left Saudi Arabia says economic reforms cannot be achieved without more political freedoms.

Venture capital: Using your own money

8 hours ago

We continue our look at venture capital — how it works, how investments are made and how those investments shape our world. Social Capital is a venture capital fund founded by Chamath Palihapitiya, a former Facebook executive and professional poker player. He believes more venture capitalists need to use their own money when investing and not rely on institutional partners such as universities and pension funds. We revisit his talk with Marketplace Tech host Molly Wood about what should change in startup investing. (08/07/2018)

Numbers don't back up Trump on tariffs paying down debt

18 hours ago

President Donald Trump tweeted about the economy this weekend and made this claim: “Because of tariffs we will be able to start paying down large amounts of the $21 Trillion in debt." He’s right about the size of the debt, but the power of tariffs to reduce it? 

Click the audio player above to hear the full story. 

Navigating Instagram's algorithm as @idealblackfemale

19 hours ago

As an artist who uses Instagram as her primary platform, Mandy Harris Williams wants to know who is moderating content at Instagram and Facebook, Instagram's parent company. They've been criticized of inaction where the flow of misinformation and hate speech on their platforms is concerned, though their removal of posts from right-wing conspiracy theorist and Infowars founder Alex Jones might indicate a step forward.

The tight labor market has prompted employers to reach into pools of workers they might have otherwise overlooked: People who failed drug tests, people with prison records, early retirees. And people who were out of that labor market — like older workers — are starting to look for jobs again despite reduced benefits and stagnant wages. So is the labor force pretty tapped out, or are or are there more potential workers waiting in the wings to jump in?

Click the audio player above to hear the full story. 

A new twist on rent-to-own housing

21 hours ago

Gabby Jacobs and her husband, Erin Bullock, were in a battle with their landlord, and they were losing. They were living in Bedford, Ohio, outside Cleveland. There was no heat in their daughter’s room. The stove didn’t work. The landlord refused to make repairs. The time had come to buy a place of their own.

“It was a big jump for us, but we always knew homeownership was a big plus, because it would be ours,” Jacobs said.

Tuning pianos to fill in the financial gaps

22 hours ago

My Economy tells the story of the new economic normal through the eyes of people trying to make it, because we know the only numbers that really matter are the ones in your economy.

This week we hear from a music teacher who decided he needed another source of income while looking for a full-time job.

President Donald Trump's tweets made a lot of news Sunday, but we want to zoom in on this bit: "Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt," Trump wrote. "While at the same time reducing taxes for our people." Leaving aside that tariffs are taxes, could they ever pay off the national debt? Or even just the deficit? We looked into it. Then, a look at JPay, a company that lets prison inmates and their families exchange emails — for a cost.

(Markets Edition) Elders are going bankrupt at a much higher rate than they used to, according to a new study from the Consumer Bankruptcy Project. We'll look at some of the factors that may be causing them financial distress. Afterwards, we'll talk to economist Julia Coronado from MacroPolicy Perspectives about how China's currency is faring, and then we'll discuss how the Trump administration might let people factor in inflation when calculating the tax on capital gains.

Longtime PepsiCo CEO Indra Nooyi will step down as the top executive at the world’s second-largest food and beverage company.

Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 100 company. She oversaw PepsiCo during a turbulent time in the industry that has forced food giants including Coca-Cola Co., Campbell Soup Co. and Oreo maker Mondelez International Inc. to adapt to changing tastes. All of those companies changed CEOs in the last year.

Andy Warhol's love of money

Aug 6, 2018

(U.S. Edition) With U.S. sanctions on Iran going into effect today, we'll explore how many companies are in a lose-lose situation — whether they do business with the Middle Eastern country or they don't. Afterwards, we'll look at how the ongoing trade conflict between the U.S. and China will affect Southeast Asian countries, and then we'll chat with art critic Blake Gopnik about the way Andy Warhol mixed business with art.

U.S. sanctions on Iran go into effect today. Back in 2015 when Iran agreed to limit its nuclear program, many U.S. sanctions were lifted. But President Donald Trump pulled out of the multinational agreement in May, and now the measures are back. What's at stake for foreign companies?

Click the audio player above to hear the full story. 

(Global Edition) From the BBC World Service … A top supplier to Apple was hit by a computer virus over the weekend – and it could cost the Taiwanese company more than $250 million. Then, orders at the factory gate in Germany saw a sharp drop in June amid growing concerns about global trade tensions. What does this signal for economic growth in the second half of the year?  Afterwards, what would you do if you saw your face advocating for a product you’ve never used? Or endorsing a college program you never participated in? All without your consent?

Venture capital: The bad apples

Aug 6, 2018

All week we're looking at venture capital and the people who control that wealth. We start with the industry's very culture. In November, venture capitalist Steve Jurvetson of Draper Fisher Jurvetson left that firm following allegations of inappropriate behavior and an internal investigation. The company said he left by mutual agreement. Ellen Pao is a venture capitalist who sued another well-known firm, Kleiner Perkins Caufield and Byers, for gender discrimination in 2012. She lost the case, but it inspired other women to come forward.

Kudlow: “Don’t class warfare me” on trade

Aug 3, 2018

Larry Kudlow, who became President Trump’s chief economic adviser in March, sits in an office on the second floor of the West Wing. Kudlow is not a desk guy — he sits at a conference table with stacks of papers covered with comments and yellow sticky notes.  I sat down at that table today to talk with him about the health of the American economy.  

Our favorite Marketplace Weekend stories (encore)

Aug 3, 2018

This week, we are revisiting a bunch of our favorite stories from over the past few years. The average woman earns about 80 cents for every dollar the average man makes. So how can we move toward pay equality? Then, our health. Changes in health care affect society’s most vulnerable citizens — children. We’ll take a look back at our visit to a pediatric hospital in Southern California. Plus, dogs. Rescue dogs make our hearts melt AND teach us lessons about supply and demand! The business of rescuing, transporting and adopting puppies is complicated, so we break it down.

Americans do want tariff relief

Aug 3, 2018

In his interview with Marketplace host Kai Ryssdal today, National Economic Council Director Larry Kudlow said that President Donald Trump's tariffs have left "very little impact, almost unmeasurable impact on real GDP. That's a fact." While gross domestic product may not have budged, we've talked to many manufacturers and farmers across America whose businesses have shifted to accommodate tariffs over the last several months.

Some weaknesses in the July jobs report

Aug 3, 2018

(Markets Edition) We have yet another trade war update. China is upping up the ante by announcing it may impose tariffs on $60 billion worth of U.S. products. We'll look at what's behind this decision and the kinds of U.S. exports China is targeting.

Heather Repennin, vice president of the Los Angeles Bureau of Public Works refers to herself as a "wastehead." 

“It’s someone who is completely immersed in discussions, operations and policy around the waste sector,” Repenning said. In her job, Repennin helps set waste and recycling policy for the city of Los Angeles. “Welcome to the world of being a wastehead," she said. 

One thing that keeps wasteheads up at night is the lousy job of recycling that non-wasteheads are doing.

U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year.

The unemployment rate ticked down to 3.9 percent from 4 percent, the Labor Department said Friday. That’s near an 18-year low of 3.8 percent reached in May.

Will scandal slow CBS juggernaut?

Aug 3, 2018

CBS reported stellar earnings on Thursday, and CEO Leslie Moonves spoke about a bright future for the network even as he grapples with allegations of sexual misconduct. Similar charges have been leveled at the executive producer of one of the network's most popular shows, "60 Minutes." But will the scandals cause advertisers to flee the prime-time news magazine and the network as a whole? 

Click the above audio player to hear the full story. 


We don't know how to recycle

Aug 3, 2018

(U.S. Edition) Since it's jobs day, we'll dive into how wages are faring in the U.S. While growth hasn't been impressive, not all sectors are seeing stagnation. Afterwards, we'll look at a new report that says the economies of Africa and Southeast Asia will be hit hardest by global warming over the next three decades.

For some workers, big pay raises. Others, not so much.

Aug 3, 2018

The Labor Department released the latest jobs numbers this morning, revealing that the economy added 157,000 jobs in July, while the unemployment rate dipped to 3.9 percent.

The employment picture’s been pretty rosy lately, with average job growth above 200,000 a month since mid-spring and more people coming back into the labor market.

One thing that hasn’t impressed much is wage growth. Average hourly earnings increased 2.7 percent year over year — the same rate as it did in June.

(Global Edition) From the BBC World Service…Four days after voters went to the polls, election results are finally in for Zimbabwe’s presidential race. But controversy is swirling about the credibility of the outcome. We’ll hear from one factory owner who describes how the results could impact ongoing international investment in the country. Then, despite Venezuela’s ongoing economic crisis, the country’s gasoline is still the cheapest in the world. But President Nicolas Maduro wants to change that.

The trade story of the day is actually more of a currency story. As you know, the Trump administration has proposed another round of tariffs on some $200 billion worth of Chinese products — ranging from tobacco to dog food to plywood. Now, the president is threatening to more than double the size of that tariff from 10 percent to 25 percent. One reason: the falling value of China's currency. The yuan is trading at a 14-month low against the U.S. dollar, blunting the intended effect of those tariffs.

Click the audio player above to hear the full story.