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

NerdWallet wants to help you with finance

Sep 19, 2018

It started with a simple Google search to compare credit cards, but when nothing helpful turned up, an idea was born. Tim Chen is the founder and CEO of NerdWallet, a financial advice website with more than 100 million yearly users. While struggling to compare credit cards online, he got the idea for a website with all types of financial advice and products. He told Kai Ryssdal that the idea resonated with millennials because “millennials are just used to comparing things. Even college professors.”

(Markets Edition) Early Wednesday trading witnessed a 126-point rise for the Dow, along with a boost for one of the benchmarks of U.S. interest rates. We check in with a market analyst for more. Then, we talk to the two people responsible for spearheading the big financial reform law in Congress, 10 years after the collapse of Lehman Brothers and the following financial crisis: Former Congressman Barney Frank and former Sen. Chris Dodd.

The Source Code: Brad Katsuyama

Sep 19, 2018

When the financial crisis of 2008 hit, Brad Katsuyama worked on Wall Street as an investor for the Royal Bank of Canada. For some time, he'd noticed odd trends in the way his trades were executed and traced the cause back to the growing influence of high-frequency trading and its growing influence on the stock market. Looking for ways to counter the influence of HFT, he and his partners created IEX, Investors Exchange, in 2012.

(U.S. Edition) The top trade officials for U.S. and Canada are back at the negotiating table for the NAFTA overhaul a month after the U.S. and Mexico ironed out a preliminary deal. We look at what it might take for Canada to get on board. Also, this week, we’re 10 years away from the financial crisis that erupted after the collapse of Lehman Brothers. We talked to the two people who pushed the massive financial reform law through Congress: Former Congressman Barney Frank and former Sen.

China defends retaliation to U.S. tariffs

Sep 19, 2018

(Global Edition) From the BBC World Service … At the world economic forum in China, officials on Tuesday morning defended the country's economic policies after the latest round of tariffs with the U.S. Liberia – the west African country founded by freed American slaves – has launched an investigation to trace $100 million worth of newly printed notes that have vanished. Sri Lanka's Hambantota port cost about $1.5 billion, but already the country is concerned it will not be able to pay back the money it borrowed from China to build it.

The business case for a stock market speed bump

Sep 19, 2018

Marketplace Tech is exploring investment technology as part of the Divided Decade project on the financial crisis of 2008. Brad Katsuyama started a new stock exchange, IEX, in 2012, with an aim to neutralize some impacts of high-frequency trading.

The business case for a stock market speed bump

Sep 19, 2018

Marketplace Tech is exploring investment technology as part of the Divided Decade project on the financial crisis of 2008. This is the second half of host Molly Wood’s conversation with Brad Katsuyama, whose IEX stock exchange aims to address some of the negative impacts of high-frequency trading by slowing down the system — by a whole 350 millionths of a second. This speed bump caused what Katsuyama calls “one of the biggest controversies” in the stock market’s recent history as IEX sought approval.

In the event of another financial crisis, the lawmakers behind one of America’s largest financial reform bills say the government would not get the political support it needs for a bailout.

Former Connecticut Sen. Chris Dodd and former Massachusetts Rep. Barney Frank — the co-authors of the 2010 Dodd-Frank Act, a law aimed at making banks safer in order to protect consumers and the economy  — told Marketplace that legislators wouldn’t agree to save failing financial institutions with taxpayer money like they did back in 2008.

Consumers may not link tariffs and higher prices

Sep 18, 2018

How much do you pay attention to fluctuations in the prices of stuff you buy? There are new tariffs coming on some $200 billion worth of goods from China. They'll start with a 10 percent tariff Monday and climb to a 25 percent tariff in the new year. Today, China immediately promised to retaliate with tariffs on $60 billion worth of American goods. Tit for tat and all that.

Click the audio player above to hear the full story. 

It's use-it-or-lose-it season in Washington

Sep 18, 2018

Congress is making some progress on spending bills for fiscal year 2019, which starts October first. But, while lawmakers fight over next year's budget, federal agencies are still struggling to  spend all the money they got this year, because what they don't use by the end of the month, Congress takes back. So cue the September spending spree, which has become so routine, many agencies plan for it. Up to a point, anyway. 

Use-it-or-lose-it season

Sep 18, 2018

China and the U.S. traded more tariffs since just yesterday, and many companies have said they’ll pass the cost onto consumers. So when can Americans expect a price hike? We'll talk about it, and interview a tile industry spokesman who supports the tariffs. Then: With the budget expiring at the end of the month, federal agencies are hurrying to spend their budgets before time runs out. Some are taking things down to the literal last minute. Plus, hard truths with rapper and author Dessa.

82: This is your brain on VR

Sep 18, 2018

Decades after it was first introduced, virtual reality finally feels like it’s on the precipice of enormous potential. And it’s not all entertainment — VR could change the way we go to work, communicate with loved ones or train ourselves to deal with difficult situations. But that got one of our listeners wondering: Who’s thinking about the drawbacks? We put that to Jeremy Bailenson. He’s the founding director of Stanford University’s Virtual Human Interaction Lab. He’s a big proponent of VR and yes, he’s been pondering the scary stuff we haven’t even thought of.

(Markets Edition) With both the Trump administration and China announcing rounds of tariffs on each others’ goods, retail stores in the U.S. are keeping an even closer eye on what could happen next, especially if Trump follows through on a plan to essentially tax everything from China. We also talk to an economist for more. Also, we look to the toll that summer heat has had on farm workers, as they are 20 times more likely to die of heat-related illnesses.

Rapper Dessa on hard truths about life as a touring artist

Sep 18, 2018

Dessa is a rapper, singer, writer and member of the Minneapolis-based hip-hop collective Doomtree. She talked with Marketplace host Kai Ryssdal about making a living as a touring musician and her new book "My Own Devices: True Stories from the Road on Music, Science and Senseless Love." Dessa said she's had to hustle and sacrifice to make life work as an artist. "I have earned the dark circles this year," she said.

Coca-Cola reportedly exploring cannabis-infused beverages

Sep 18, 2018

Coca-Cola and cannabis could be coming to a beverage label near you.

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