In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.
The Trump administration hopes that tariffs will encourage more products to be made in America. But a new report out this week also says the president's tariffs will be an effective tax increase, with low-income consumers hit the hardest. We'll unpack. Plus, by one analysis, California's economy is now the fourth largest in the world. And later: how the Trump administration is pushing the limits of authority ov...
In the months since President Donald Trump's re-election, a lot has changed between the United States and Canada. New import taxes and talk of Canada becoming the 51st state, for example. It all adds up to a strained relationship where Canadians feel both betrayed and uncertain about the future. Today, we're visiting Thunder Bay, Ontario to hear more. Plus, we're looking at why more farmers are struggling to pa...
From the BBC World Service: The U.K.'s Post Office continues to pay millions of dollars to use the bug-ridden Horizon IT system, whose failings resulted in hundreds of wrongful fraud convictions. We'll unpack why the Post Office has failed to switch systems yet. Then, India revokes visas and Pakistan halts trade after a deadly attack in Indian-administered Kashmir. Plus, we'll examine the rise in the price of g...
Scientists say they have developed a way to measure how much liability individual corporations have for the economic damage caused by climate change. The total cost over decades is calculated at $28 trillion, with 10 fossil fuel companies responsible for more than half of that amount. Plus, we'll read between the lines of the Federal Reserve's Beige Book and hear how a Baltimore community college is rising to meet ...
The government has moved to give immigration officials access to IRS records. The Trump administration wants to use tax information to find people under deportation orders or who have committed crimes. Critics say this move is illegal and could cost the government tens of billions of dollars in tax revenue. Also on the show: international tourism declines in the U.S. and how tariffs are shaping the toy biz.
From the BBC World Service: Australia is planning to stockpile minerals like lithium, nickel and cobalt, which are vital in modern technology. It comes as countries like the United States aim to counter China's dominance in global processing capabilities. Then, the United Kingdom is closing a tax loophole used by Chinese retail giants Shein and Temu to help keep prices low. And later: a trip to Shanghai's motor.
...The stock market is open with wind at its back. The Dow is up 2.8%, the S&P 500 is up 3.3%, and the Nasdaq is 4.1%. Market participants attribute this to President Doanld Trump saying he's not going to fire Federal Reserve Chair Jerome Powell. What should we make of this all? Also on the show: a look at Tesla stock movements and an idea to spur spending among China's retirees.
There's no way of sugar-coating it: The numbers from Tesla’s first quarter results were quite bad. That's unsurprising considering the blowback and protests at Tesla dealerships resulting from Elon Musk’s cost-cutting work with DOGE within the Trump administration. Auto sales were down 20%, and profits were down a whopping 70%. Plus, consumer-oriented brands struggle to predict their outlooks amid consumer jitters,...
From the BBC World Service: The International Monetary Fund has cut its prediction for global economic growth from 3.3% to 2.8%. In its assessment, it describes President Donald Trump's tariffs as “a major negative shock to growth." Then, China is trying to stimulate its domestic consumption. One idea? "Silver trains." Designed for older people, and offering cocktails and karaoke, these tourism initiativ...
As the market for electric vehicles matures in the United States, sales of used EVs are climbing. They grew 39% year-over-year in March, according to data from Cox Automotive. Today, we hear how a used EV dealership in New Hampshire has experienced growth — and navigated market swings. And later in today's program: why a California public public school district is offering an elite athletic training program.
The Department of Health and Human Services has stopped the flow of money designated by Congress to protect immigrant children from exploitation. Layoffs have hit legal aid groups across the country that help the tens of thousands of unaccompanied minors who cross the U.S.-Mexico border and are especially vulnerable to forced labor. We'll hear more. But first: hefty tariffs on solar panel parts and DHL's pause on c...
From the BBC World Service: Sky-high tariffs on Chinese goods arriving at the U.S. border are already having a knock-on effect for many companies. Many manufacturers in China are in a state of limbo, having to warehouse stock and hoping for a more favorable trade deal eventually. Meanwhile, the international diamond trade is keeping a close eye on India, where U.S. Vice President JD Vance has been talking trade with Prime ...
The U.S. dollar is down more than 1% this morning. It may be a sign that investors globally are wondering if our currency is still as safe as they once thought, given President Donald Trump’s trade wars and his threats to the independence of the Federal Reserve. We'll dig in. Plus, Capital One and Discover are set to merge, and we'll look at how debts can weigh on older Americans.
When the Food and Drug Administration determined there was a shortage of weight-loss drugs like Ozempic and Wegovy, it allowed compounding pharmacies to step in and make them. But the shortage is officially over, meaning many of these pharmacies have to stop selling their own versions of these drugs starting tomorrow. We'll hear more. Plus, a developer shares how he plans to rebuild his Altadena home with fireproofing ...
From the BBC World Service: China has warned that it will hit back at countries that make deals with the U.S., which it fears will hurt Beijing's interests. It's a sign that the trade war between the world's two biggest economies threatens to drag in other nations. What does this all mean? And we also learn about the economics of carpet-weaving, one of the only jobs women in Afghanistan are now allowed to do.
...Stop us if you’ve heard this before: We’re in an unprecedented economic moment. But this time really is different. America’s place in the global economy is shifting, and what happens next is going to matter for businesses, consumers and you. This special Marketplace broadcast, hosted by Kai Ryssdal, is focused on helping you understand the scale and scope of the economic change in real time. Here’s what you’ll hear:
It's the law that insurance companies have to cover the costs of certain screenings for cancer, diabetes, infectious diseases and more. Patients could soon have to pick up more of the tab, however, if the Supreme Court sides with two Texas businesses. And later: Ukraine says it's signed a memorandum of intent to sell minerals to the U.S., and sportswear brands are cashing in on running's growing popularity.
...The American Revolutionary War began 250 years ago Saturday. You probably know the political reasons behind the American colonists' fight for independence, but there were major economic grievances, as well. Today, we're taking a look back. Plus, the Trump administration has moved to fire most staffers at the Consumer Financial Protection Bureau. And despite attempts at a revival from the Trump administration, the f...
From the BBC World Service: Ukraine says it has signed a memorandum of intent on a minerals deal with the United States after negotiations in Washington. Plus, following the tariffs back and forth between the U.S. and Canada, Stellantis — owner of Chrysler, Dodge and Jeep — announced it would close its assembly plant in Windsor, Ontario for two weeks. On Monday, production will start back up again, but for how long?
Yesterday, Federal Reserve Chair Jerome Powell took a wait-and-see posture on interest rates amid market disruptions and increased talk of recession linked to President Donald Trump's tariffs. This morning, the president went after the Fed boss on social media, saying Powell's "termination can’t come soon enough.” We'll unpack. Also: a leveling off of men's retirement age in the U.S. and the costs of s...
Daniel Jeremiah of Move the Sticks and Gregg Rosenthal of NFL Daily join forces to break down every team's needs this offseason.
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