Marketplace

Airs Weekdays at 6:30 pm
  • Hosted by Kai Ryssdal

In 30-minutes, Marketplace breaks down the day's business and economic news. With a reporting style that is lively and unexpected, the stories range from impacting your wallet to Wall Street. Marketplace Morning Report presents the morning business news at 5:50 and 7:50 am weekdays. MMR is hosted by David Brancaccio.

Distributed by: American Public Media

Let’s do the numbers: the 'Star Wars' empire

6 hours ago
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Jana Kasperkevic

Happy 40th birthday, "Star Wars"! May the Force be with you.

Disappointment over declining oil prices abound. OPEC had agreed to make production cuts to help with an oil glut, but it seems these policy changes aren't helping — and neither is the U.S. We'll look at how America's own production habits undercuts the cartel's. Afterwards, we'll examine how state insurance markets that get waivers for pre-existing conditions would react to the GOP's new health care bill, and then talk about the stock market's inability to yield the magic it used to.

The Congressional Budget Office has released its report on the health care bill passed in the House of Representatives. It projects an additional 23 million people would be uninsured under that bill. And it also imagines what the insurance market would look like in states that take advantage of one of the bill’s key provisions: waivers from federal rules on pre-existing conditions and essential health benefits. 

The struggle is real for Sears Holdings — the company behind Sears and Kmart. The once-powerful brand warned investors back in March that there was “substantial doubt” about its future. This week, Sears announced it’s pushed back a deadline on a $500 million loan by six months. That’s got Sears vendors even more anxious about a looming bankruptcy.

Click the audio player above to hear the full story.

NYU program piles on classes for early graduation

10 hours ago
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Kristin Schwab

Colleges across the country are trying new ways to confront the rising cost of tuition. One increasingly popular option: accelerated degrees.

New York University recently announced a program that helps students graduate a semester early by taking extra courses throughout the year and during winter and summer breaks. There are similar programs at the University of San Francisco and American University in Washington, D.C., among others.

First-time homebuyers are taking out more new loans

11 hours ago
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Ryan Kailath

The number of people taking out new home loans is at a three-year low, according to a report out today from the real estate data firm ATTOM. But one group taking out more new loans, ATTOM said, is first-time homebuyers.

Mortgage rates are rising, which means buying the same priced home costs more money every month. And that naturally scares some people away. So what edge do these first-time homebuyers have?

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Marketplace

If you're an independent video game company, it can be hard to get exposure. Ian Bogost, an interactive gaming professor at Georgia Tech, joins us to talk about issues of access and discovery within the indie game market. Plus: a conversation with The Economist's Daniel Franklin, author of the new book "Megatech."

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Marketplace

Part of Trump's agenda during his meeting with NATO leaders includes pushing them to join an anti-ISIS coalition and invest more in their militaries. We'll take a look at the numbers behind Europe's defense spending. Then back in the U.S., we'll discuss the increase in mortgage co-signing for first-time home buyers, and explore NYU's new effort to help college students graduate early. 

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Kai Ryssdal

There's finally a price tag on the amended American Health Care Act that was passed by the House of Representatives almost three weeks ago. The report from the Congressional Budget Office is sort of like the report card for the bill. It explains what it’s going to do and how much it’s going to cost.

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Kai Ryssdal

Arguably no company has done more for the cause of digital money than PayPal. But after Venmo, where does PayPal take our money next? And more importantly, how does it keep that money safe? Marketplace host Kai Ryssdal spoke to PayPal CEO Dan Schulman and got some answers about cybersecurity and the digitization of money. An edited transcript of their conversation is below. 

Trump's NATO visit is going to be awkward

May 24, 2017

President Trump has arrived in Brussels on the latest leg of his first official foreign trip since his election. Apart from meeting European leaders, he will visit NATO’s shiny new headquarters in the Belgian capital. This could be a tricky visit. During the election campaign, Trump was not overly complimentary about the alliance.

Click the audio player above to hear the full story.

Education Secretary Betsy DeVos was on the Hill today defending the president’s 2018 budget request before a House appropriations subcommittee. The White House has proposed cutting or shrinking more than 30 federal education programs, shaving more than 13 percent off the overall budget. That’s the biggest proposed cut to the department’s discretionary funding since the Reagan administration. And there’s a lesson in that history about the reality of presidential budgets.

Click the audio player above to hear the full story.

Online shopping is sometimes just that — shopping. The actual buying happens later — in an actual store. Until now, retailers haven’t been able to connect those dots. Google says it has a tool that will let them connect online clicks to in-store buys. Good for Google, which may be able to sell more search ads. But maybe not so good for us. 

Click the audio player above to hear the full story.

 

Mobile banking could ruin retail, or save it

May 24, 2017

Venmo. Bitcoin. If there's one company that's become synonymous with digital money, it's PayPal. On this episode of the Corner Office, Marketplace host Kai Ryssdal spoke with Dan Schulman, the who became CEO of PayPal in 2014. They talked about the future of digital money, how PayPal keeps closes tabs on its users in order to prevent fraud and how mobile banking could change the landscape of small businesses. According to Schulman, mobile banking may not destroy brick-and-mortar stores but re-envision them.  

How health care is healing Erie's ailing economy

May 24, 2017
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Erika Beras

Like a lot of people in Erie, Marc Bryant spent decades in manufacturing. He was an engineer at Hammermill Paper, which became International Paper. And then the mill closed in 2002. Bryant said some of his co-workers retired. Others, “honestly, ended up on a bar stool somewhere complaining about how things were bad until their benefits ran out,” he said.

And the rest did what he did.

“I elected to, at the age of 48, take a leap of faith and go back to college,” he said.

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