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

Ali Ashkanani started studying English in elementary school in Kuwait, more than 6,000 miles away from where he now lives in Philadelphia.

He said he realized quickly that the English pronunciation he learned in Kuwait wasn't going to cut it, if he was going to pursues a degree in industrial engineering in the United States.

Take the common phrase — “bottle of water.”

The obligation of capitalism

May 16, 2018

Ken Langone is an investment banker and entrepreneur who's worked on many deals in his lifetime, but is perhaps best known for co-founding The Home Depot. Most recently, he's offered a strong defense of capitalism in his new book, "I Love Capitalism! An American Story." He talked to Kai Ryssdal about why he wrote this book now and how he thinks capitalism should work. The following is an edited transcript of their conversation.

"I Love Capitalism!"

May 16, 2018

That's the name of Ken Langone's new book. He co-founded The Home Depot, and he's been around this economy for a while. We'll unpack that premise, but first we'll talk NAFTA renegotiations. Tomorrow's supposed to be the deadline, but it appears that deadline is malleable as the talks narrow in focus. Plus: the latest from a whole slew of earnings reports, including a big surprise from Macy's. (05/16/2018)

Lower airfares are making it easier to book travel to destinations across the Atlantic, especially to Europe, this summer. Competition between low-cost and traditional carriers are helping to bring prices down. But how long will this last?

Click the audio player above to hear the full story. 

A note about Marketplace Weekend

May 16, 2018

To our loyal listeners,

(Markets Edition) The yield on the benchmark 10-year Treasury note is still hovering above 3 percent. We'll talk with Susan Schmidt, senior portfolio manager at Westwood Holdings Group, about what this means for the U.S. economy, and whether China is holding too much of our debt. Afterwards, we'll chat with Boston College finance professor Richard McGowan about the legalization of sports gambling and its consequences for fantasy sports. (05/16/2018)

 

Macy’s: Rewards for all, no card needed

May 16, 2018

Struggling to keep the customers coming to stores, Macy’s is expanding special deals by offering rewards and discounts to all shoppers, not just its credit card holders.

Click the audio player above to hear the full story. 

This week, the Seattle City Council unanimously voted in what’s commonly known as a “headcount tax.” Businesses that bring in more than $20 million in annual revenue will have to pay a $275 tax for each of their full-time employees. It’s a lower fee than what many were hoping for, but there are still plenty of concerns.

Click the audio player above to hear the full story. 

A caution about workplace friendships

May 16, 2018

(U.S. Edition) Kellogg is the latest U.S. company to pull out of Venezuela amid soaring inflation and dwindling access to raw materials. We'll take a  look at how the country's president, Nicholas Maduro, is reacting to the news. Afterwards, we'll discuss Seattle's decision to approve a "headcount tax," which would require businesses that bring in more than $20 million in revenue a year to pay $275 for each full-time employee. Plus: We dive into some of the downsides workplace friendships with Nancy Rothbard, co-author of a new paper called "Friends Without Benefits." (05/16/2018)

What's the downside of making friends at work?

May 16, 2018

Workplace friendships could have negative effects for a company, especially in the age of social media, according to a study published in The Academy of Management Review.

There’s a lot of talk about robots and automation taking over industries and putting people out of work. And that distinct possibility isn’t lost on folks working in the oil fields of West Texas, where technology advances are the key to maximizing efficiency and weathering the storm when oil prices inevitably fall.

In a mobile trailer next to a 100-foot oil rig in the heart of the Permian Basin oil patch, between Midland and Odessa, Texas, Pablo Talamantez pointed to a bright, blinking computer screen on his desk.

Netflix loses EU court fight over German film tax

May 16, 2018

(Global Edition) From the BBC World Service...Netflix has lost an EU court fight to overturn German film tax rules. With European content quotas for steaming services in the pipeline and Netflix frozen out of Cannes, is the tide now turning against America’s tech giants? Then, the government in Venezuela has seized a plant owned by the US-based cereal producer, Kellogg's, after it said it was pulling out of the country because of the economic crisis. And, Zimbabwe is preparing for national elections.

The current wave of automation is sometimes described as the fourth industrial revolution. And almost every industry is affected, including oil and gas. Almost 40 percent of oil and gas workers are in Texas. With the price of crude oil at $70 a barrel, there’s a boom — but not in hiring. Job numbers haven’t gone up as much as some observers expected. Automation is partly to blame, but the industry is bringing in other technologies to stay ahead of the game as well.

63: Take your data and go home

May 15, 2018

What would a Hippocratic oath look like for the people we trust with our data? That's one of the questions NYU professor Laura Norén asks in her course "Ethics for Data Science." Consumers should be pushing for more empowered, informed consent, she says, because right now they have two choices: blindly agree to give up your data to [insert social media or digital platform here] or quit altogether. We'll start there, and somehow end up at trans-humanism — it's sci-fi stuff, but it's where the privacy conversation wants to go, if you let it.

Just about everyone agrees drugs are too expensive

May 15, 2018

So what are they actually doing about it? Today on the show, we'll do the numbers. The 100 most-common brand-name pharmaceuticals got 232 percent more expensive in the past decade. State lawmakers have filed more than 150 bills this year to rein in costs, something 80 percent of people surveyed by Kaiser agree we need. Some drug companies are starting to feel the squeeze from their own shareholders, too. We'll talk about it. But first: U.S. Immigration and Customs Enforcement has more than doubled workplace investigations over last year. Audits and arrests are up, too.

Pages