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Marketplace Morning Report

Author: Marketplace

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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. 
2930 Episodes
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Seven of the largest U.S. sportsbooks, including FanDuel and DraftKings, are launching a trade group to promote responsible gambling. The move comes as legal sports wagers surge and as the NBA and MLB each investigate high-profile betting scandals involving athletes. Also on today’s show, we hear how the Baltimore bridge collapse is impacting workers there and look at proposed legislation aimed at tackling some of the burdens of medical debt.
From the BBC World Service: There is good news for Australian wine producers: They’ll no longer face tariffs from their largest trading partner, China. Also in China, smartphone giant Xiaomi moves into the EV market. What’s behind the move? Plus, dates are often associated with the holy month of Ramadan and the breaking of fast. We take an examination of how supply chain stressors are affecting the economy of dates.
Medical debt is the leading cause of personal bankruptcy in America. Throughout the week, we’ll hear portions of a recent “Marketplace Morning Report” event to better understand what’s behind some of these exorbitant costs and hear about potential solutions. Plus, rerouting ships away from the Port of Baltimore will take time and money. We look at the potentials costs and see what other ports stand to gain.
The child care system in the U.S. is in crisis. The latest government funding bill just approved by the White House included a $1 billion increase for programs focused on child care and early childhood learning. Advocates see the boost as a win but caution that it still isn’t enough. Then, we’ll discuss what you need to know about the stock market debut of Donald Trump’s Truth Social.
From the BBC World Service: China’s leaders are trying to find ways to battle what many economists have described as a demographic ticking time bomb. One in five people are over 60 there, making it the largest elderly population in the world. Plus, flying cars have long been a futuristic dream. A European company has developed — and successfully flown — its “AirCar” but just sold the technology to China.
After a container ship struck a column of Baltimore’s Francis Scott Key Bridge early Tuesday morning, the structure collapsed and sent multiple cars into frigid waters. We’ll discuss what we know so far about the collision and its likely impacts on one of the busiest ports on the East Coast. Also on the program, we’ll hear useful context for the current crisis unfolding in Haiti and what a path forward might look like.
Shares of former President and presumptive Republican nominee Donald Trump’s social media company start trading Tuesday morning under the ticker symbol DJT. Initial public offerings can often bounce on their inaugural day, which could boost Trump’s wealth — on paper. But first: some numbers on a critical Baltimore bridge that collapsed overnight. We’ll also analyze Indigenous household finances and hear about a dip in sales at casual restaurant chains like Olive Garden.
From the BBC World Service: The humanitarian crisis in Gaza continues as aid is still not getting through to large parts of the territory, according to the U.N. agency UNRWA, which reports it is being blocked from delivering food to northern areas. Plus, a court in China sentenced the former president of its football governing body to life in prison for taking bribes, and Canada’s maple syrup reserves reach a 16-year low.
Boeing’s CEO has announced plans to step down just as the company begins negotiations with its largest labor union, which could authorize a strike in July if its demands aren’t meant. Also, the European Union’s antitrust regular investigates Apple, Google and Meta; why new home sales have become such a large chunk of the housing market; and tracing Haiti’s economic history from its founding to the current crisis.
Today’s the deadline for former President Donald Trump to come up with more than $450 million in cash or bond to cover New York State’s civil fraud judgement against him. He could get a quick hit of cash as Truth Social’s parent company goes public with the help of a merger with something called a SPAC. Meanwhile, Nordstrom is making another attempt to remove itself from public trading and go back to being a private company. The retailer tried and failed to make a similar move back in 2018.
From the BBC World Service: In an exclusive interview with the BBC, the World Trade Organization’s director-general Ngozi Okonjo-Iweala says that when countries bring production back home — known as “reshoring” — it does not necessarily make supply chains more resilient. She thinks it contributes to a fragmentation of global trading relationships. Plus, how the popularity of the Mediterranean island Ibiza has driven up rents, making life hard for workers and the tourist businesses that employ them. And the streets of Paris see the return of a historic race of cafe servers.
Are grocery prices high because of supply chain problems and rising costs? Or is it because major grocery chains took advantage of those trends to pad their profits? A new report from the Federal Trade Commission suggests the latter. We’ll unpack what the report says. Plus, Biden cancels $5.8 billion in student debt for public service workers, and we’ll hear key takeaways from CERAWeek, the “Super Bowl” of energy.
The House is set to vote on a $1.2 trillion spending package Friday ahead of a partial government shutdown deadline. The proposed appropriations bill includes a significant bump in border security funding, including cash intended to more or less double the number of Border Patrol agents. We’ll also break down the Department of Justice’s antitrust case against Apple and hear how the need for insurance is influencing major life decisions.
From the BBC World Service: Nike is replacing Adidas as the sponsor of Germany’s national soccer team. Then, Volodymyr Zelenskyy is pleading for more ammunition for Ukraine’s war efforts; German chancellor Olaf Scholz says he’ll back a plan to use money from frozen Russian assets to buy more weapons. And a Swedish pharmacy chain says it won’t sell anti-aging skincare products to kids under the age of 15.
On Thursday, Reddit debuted on the New York Stock Exchange under the ticker symbol RDDT. The social network is valuing itself at $6.4 billion. But we wondered: Why go public now? Plus, the Congressional Budget Office says that the national debt will be smaller than previously thought, citing less government spending and more immigration. And we look at why we may end up with higher interest rates over the next few years.
The Federal Reserve left interest rates unchanged at its meeting this week, though it’s penciling in three rate cuts at some point this year. But what does the Fed need to see before it’ll actually lower rates? We’ll discuss. Then, Hermès faces a class-action lawsuit over Birkin bag sales. And the mining of metals beneath our feet is vital to the green energy transition but is often complicated.
From the BBC World Service: The Balkan state Kosovo, which broke away from Serbia in 2008 after a bitter civil war in the late 1990s, currently doesn’t accept transactions in the Serbian dinar. But some Serb-majority areas are still reliant on the currency. We’ll hear more. But first, a Chinese-funded port in Pakistan was attacked by militants. We’ll detail what exactly happened.
The ice cream business is pretty chilly these days. Consumer goods giant Unilever announced this week that it’s going to spin off its ice cream business, which includes familiar names like Ben & Jerry’s, Popsicle and Klondike. The industry is dealing with declining demand, so how does it plan to defrost? Plus, the secret to using AI well at work may involve “more chat and less bot.”
Today, we’re bringing you a very ESG-focused podcast. First, Texas is pulling $8.5 billion from the country’s biggest asset manager, BlackRock, which the state’s school fund says is hostile to the fossil fuel industry. It’s a pushback against ESG investing, in which environmental, social and corporate governance issues factor into decision-making. Then, a new paper says climate resilience is an investment opportunity for big-time institutional investors. We delve in.
From the BBC World Service: China’s foreign minister is making his first trip to Australia in seven years. Will the talks bring a bitter three-year trade war to an end? Plus, the Red Sea is used by 30% of the world’s container ships using the Suez Canal, but the journey is being made perilous by drone attacks from Houthi rebels in Yemen. We hear from one of the U.S. warships now patrolling the waters.
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Comments (48)

malutty malu

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Feb 5th
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Billy Weinheimer

We don't need a Gavin Newsom to crash the United States of America like he is crashing California.

Jan 13th
Reply

Billy Weinheimer

Have all the women kill simutaneously all the Talban men. Then go to university.

Jan 2nd
Reply

Billy Weinheimer

Being a Democrat is self harm.

Dec 20th
Reply

Billy Weinheimer

Just have the most successful money launderer help with the cover-up, call Biden.

Nov 26th
Reply (1)

Milania Greendevald

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Nov 23rd
Reply

Billy Weinheimer

Humanitarian aid to Gaza so they can repeat?

Nov 9th
Reply

Billy Weinheimer

If I spent , borrowed, then dumped that borrowed money into the market, as much as the Federal government does, the inflation would grow exponentially. The key is that the inflation is based on the difference between taxes income and money spent. If government borrowing covers the over spending each borrowed dollar lowers the value of each dollar already in the market, since the tax income doesn't change. Ergo inflation. Consumer spending increases the market value by the exchanging of dollars.

Oct 29th
Reply

Billy Weinheimer

Why not improve public schools rather than drag Private Schools down.

Oct 19th
Reply

Billy Weinheimer

Using Biden style overseeing. See no Evil, Hear no Evil, Say nothing about the Evil, such as Biden's control over the FBI and the CIA. Nancy Pelosi must be proud of the use of child labour as she promoted border crossing of all the children to do various kinds of work. Can you list all the things children can do? I knew you could. Such a good neighbor.

Oct 4th
Reply (1)

Billy Weinheimer

Nothing like semi- slavery to save on labor costs. Elites develope vaccines to have low wage autistic laborers for duties that would have cost more for non-autistic labor. You missed a table.

Sep 29th
Reply

Billy Weinheimer

Take the money and run, sounds like a Leftist. I didn't know Biden was an artist.

Sep 29th
Reply

Billy Weinheimer

Hitler thought a war and Holocaust was worth getting art.

Sep 17th
Reply

Billy Weinheimer

Downtowns anywhere in California are exposed to the security that is not provided by the Democrat political powers in California and the fear of Downtown attacks prevents wise businesses from operating in downtown areas.

Aug 15th
Reply

Billy Weinheimer

Human trafficking is dangerous since you would be competing with the Biden administration directly as they are flying in and bussing in migrants themselves.

Aug 5th
Reply (2)

Billy Weinheimer

People, some of the 7,000,000 that left Venezuela, can tell Democrats why changing the USA to Socialism/Communism is so dangerous. Not the change they want but have been herded into.

Aug 5th
Reply

John Morrow

It's great that you're going to focus on responsible gambling when you develop a gambling platform, have you already chosen a provider? I believe that solutions like https://runyourownpokersite.com/ are great, both affordable and customizable, so providing your users with the best experience possible won't be a problem.

Jul 5th
Reply

Sasha Teller

I don't think there's anything wrong with gambling as long as it's approached responsibly. I'm planning to develop a gambling platform myself, and I'll definitely note the importance of responsible gambling.

Jul 5th
Reply

Billy Weinheimer

inflation comes from government spending. Tell your National Government administration to quit spending on any extra expenses. It is the debt spending, spending more than what is brought in through taxes, any person with a 💳 credit card understands how it works.

Jun 14th
Reply (1)

Billy Weinheimer

First the Nord Stream pipeline, now a dam that ruins agriculture. When will the USA quit Stalinizing against the public?

Jun 14th
Reply
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