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The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditures price index, out this morning indicates that inflation tempered last month. FHN Financial Chief Economist Christopher Low helps us look behind the numbers. And, China’s holdings of developing countries’ debt is beginning to play into the wider U.S.-China relationship, says David Dollar of the Brookings Institution.
A new paper in the journal “Nature” finds that the rate of scientific innovation has been on a steady decline, despite living in the most technologically advanced age in the history of humanity. Co-author Russell Funk, a professor at the University of Minnesota, helps us understand what’s going on. This round of corporate layoffs could portend a larger slowdown in the labor market, which has remained hot. And, yesterday’s GDP numbers may be good on the surface, but there are some less-than-ideal signs deeper in the report.
From the BBC World Service: In a special programme from Dresden in east Germany, we hear from one European green tech company – Solarwatt – who are calling for the EU to give the industry similar tax breaks and financial incentives to those introduced by President Biden in the U.S.. We also talk to the semi-conductor manufacturer Global Foundries about how to keep the supply chain secure, amid concerns about China’s data collection.      
Today’s GDP numbers likely lifted many an economist’s spirits — the economy grew at 2.9 percent in the fourth quarter last year, a solid showing despite inflation pressures and the threat of recession. KPMG Chief Economist Diane Swonk helps us dissect what’s in today’s report. Boeing is being sued for fraud over faults in its 737 MAX plane that caused two fatal crashes. And, a look at the effects of the increasing amount of private money flowing into drug rehabilitation programs.
The maker of the Taser, the weapon meant to be a non-lethal option for law enforcement, is toying with the idea of selling drones with Tasers attached. Among the potential clients: schools. We talked to Dina Temple-Raston, host of the “Click Here” podcast, about her reporting on the story. Southwest is facing a probe on whether the airline booked more flights than it could cancel at the time of its mass-cancellation debacle. And, there are storm clouds hanging over the housing market, but there are some signs they may be lifting a bit.
From the BBC World Service: A deal has finally been done to send American and German tanks to Ukraine. President Volodymyr Zelensky says they need to be delivered quickly, but just how realistic is that – and how costly? We hear from the former commander of the British Army’s tank regiment. Millions of Pakistanis were left without power this week after a major failure of the country’s energy grid. The system is back up and running but businesses tell us they fear more cuts, and the disruption they bring. And, how the Dutch have made more space for cyclists by building an underwater bike park.
The corporate earnings season has thus far been a downer. Yesterday, Microsoft announced its profits fell 12 percent last quarter, which comes after major banks reported similarly poor performances. We check in with Susan Schmidt, Head of Public Equity at the State of Wisconsin Investment Board, about what to expect as companies continue to report earnings. Mainline economic indicators fell again this month, raising the spectre of recession. Copper prices are surging worldwide, partly due to China’s re-emergence after lifting its Covid lockdown restrictions. And, a report from the BBC’s Sally Nabil from Egypt about the country’s worsening economic situation.
Tesla and Twitter CEO Elon Musk is once again defending himself against a lawsuit. This time, plaintiffs are suing Musk over a 2018 tweet saying he was considering taking Tesla private which caused investors to lose money. Erik Gordon, a professor at the University of Michigan, helps us break down the suit. And, the Department of Justice is suing Google’s parent company, Alphabet, over allegations that the company has monopolized the digital advertising business.
From the BBC World Service: We hear from the Amazon workers in the UK who are staging their first strike in a dispute over pay and conditions. Plus, a German union says Ford is planning thousands of job cuts in Europe. What’s driving the group’s future strategy? And, Egypt is struggling with rising prices, a weak currency and a cash-strapped government. What impact is that having on day-to-day lives?
The CEO of Live Nation, an entertainment company bought by Ticketmaster over a decade ago, is facing a grilling on Capitol Hill over last year’s online sales debacle with Taylor Swift concert tickets. This, as it reportedly faces a probe by the Department of Justice. There’s data today that orders from factories are down, which comes amid a spate of bad news for the manufacturing sector. And, as part of our Econ Extra Credit series, we delve into how social media and algorithms promote a certain body image…and how that can translate into harm for some people.
Amazon announced it will launch a new subscription drug service dubbed Amazon RxPass to complement its existing pharmaceutical products. The service, which will offer generic medications for $5 a month with Prime membership, will be the latest attempt by the online retail behemoth to make waves in the healthcare space. And, as part of our Econ Extra Credit series, we delve into the extreme fitness industry with Stephen Mayville, a Reno-based psychologist who studies muscle dysmorphia and steroid misuse.
From the BBC World Service: Twitter stands accused of skipping rent to King Charles III. The Crown Estate in the U.K., which manages property belonging to the reigning monarch, has filed court proceedings against the firm for arrears on its headquarters in London’s famous Piccadilly Circus. Plus, questions are being raised over Ticketmaster and whether it has a monopoly. We look at what U.S. regulators could maybe learn from Europe. And we hear more on those plans for a common currency in South America.
With the latest inflation report indicating a moderation in rising prices, some CEOs and economists are changing their tune on forecasts of a potential recession this year. Julia Coronado explains what’s driving optimism that the near-term economic future may not be as bad as originally predicted. As Lunar New Year festivities kick off worldwide, China is having to balance celebrating one of the country’s most important holidays with a severe Covid situation. And, Chris Farrell talks about the potential benefits of the bigger Social Security checks that went out this month.
The holiday season may be over, but another “season” is now upon us — the one to pay your taxes. The IRS’s window to submit tax returns is open from now until around April 15 for most people, and the agency is promising better service than in recent years when it experienced crippling delays. Renters nowadays are having to spend higher and higher proportions of their income on housing, which takes away from spending in other areas. And, some of the Federal Reserve’s highest-profile figures are publicly disagreeing about how much to hike interest rates in the near future.
From the BBC World Service: We examine why Brazil and Argentina are exploring a common currency. Both countries have been wracked by economic demons – with Argentina in particular suffering one of the highest inflation rates in world. Plus, why Pakistan is facing power cuts. And we meet the Hongkongers celebrating Lunar New Year in the U.K.
A big swing in the housing market occurred over the last year: for the vast majority of people, it’s now cheaper to rent a place than to own it. According to a new report, that’s in big part due to rising mortgage rates, which have risen in tandem with the Fed’s rate hikes. Netflix’s CEO, Reed Hastings, is stepping down — he helped transform the company from a mail-order DVD service to a streaming behemoth. Christopher Low helps break down what’s behind the recent strength of bond yields. And, the Sundance Film Festival is back in person after two years of being virtual because of the pandemic.
Harvard Medical School, one of the top in the country, will stop submitting data to the U.S. News and World Report college ranking system. It’s another blow for the rankings, which has recently come under criticism from a number of high-profile schools for alleged flaws in the methodology. Alphabet, the parent company of Google, announced that it would lay off 12,000 workers, making it the latest tech giant to announce job cuts. And, the high-flying Davos summit wraps up today amid a mix of optimism and caution for coming year.
From the BBC World Service: The fight over a controversial coal mine in Germany isn’t over according to one of the country’s best-known climate activists Luisa Neubauer. She tells us how mining cannot be justified, even in the context of an energy crisis in Europe triggered by Russia’s war with Ukraine. Plus, the demise of British Volt, once the UK’s great hope for the future of the auto industry. And millions are on the move in Asia for the Lunar New Year.
There’s more bad news out this morning for the embattled housing sector. Housing starts, the metric used to measure the number of new homes being constructed in the U.S., fell for a fourth consecutive month. KPMG Chief Economist Diane Swonk helps us break down what the data means for the wider economy. And, Treasury Janet Yellen said that her department would take “extraordinary measures” to keep the U.S. government paying its debts as Congress mulls increasing the debt ceiling. And, a story about how a $30 million philanthropic donation to start an Illinois addiction treatment center played out when staffers had to actually run the place.
It’s estimated that the U.S. government will hit the Congressionally-mandated debt ceiling today, meaning it will have to find ways to shuffle funds around until Congress raises the limit. Lawmakers are gearing up for a protracted fight on Capitol Hill. Recent data from the Federal Reserve Bank of New York show that inflation is hitting low-income households, especially those that are Black and Latino, the hardest. And, amid unease following the collapse of FTX, crypto miners are being squeezed by high energy costs and lower prices for cryptocurrencies.
Comments (20)

Nava Pourtaghi

useful

Jan 21st
Reply

Kate Taralin

It was not a problem to find a trusted company that will be helping with business development but if you are going to open your own marketplace, here are some tips and suggestions. I was gathering info at https://www.codica.com/blog/how-to-build-online-service-marketplace/ which is an informative article made by professionals who are helping with suggestions and solution in creating your own online business. It become really popular after pandemic.

Nov 12th
Reply

Lee Hyde

The new 'No Mercy' podcast promos are loud and obnoxious. I can't turn down the volume fast enough, so I just want to throwthe phone. If those persist like that, I'll have to unsubscribe from the shows that appear in.

Oct 5th
Reply

Lee Hyde

The new 'No Mercy' podcast promos are loud and obnoxious. I can't turn down the volume fast enough, so I just want to throwthe phone. If those persist like that, I'll have to unsubscribe from the shows that appear in.

Oct 5th
Reply

Karen M

download failed

Aug 8th
Reply

evildonut

41 billion is big sure but what would the costs be of not getting care for these folks?

Aug 3rd
Reply

Billy Weinheimer

Crypto mining??? EPA says crypto mining takes a lot of energy? No minerals involved... Just random generation of recognized and accepted data. The amount is based on an unknown to me. But it is not based on a mined mineral. It is bought and sold with established currency.

Mar 8th
Reply

Randall Caughron

!!??

May 4th
Reply

Randall Caughron

the dow is down 248.7 tenths %

May 4th
Reply

Billy Weinheimer

So once the shakedown starts there is no stopping it.

Apr 23rd
Reply

j marrin

Someone needs to verify the premise first, like with unicorns.

Apr 21st
Reply

Julie Dodge

So, what else did we learn. Federal Employees jobs are not what they used to be. Federal Employees usually make less then their Private Sector counterparts. It is a trade off for job security. Federal Job security is gone and a lot of Federal employees live paycheck to paycheck. American, we are supposed to be better than this.

Feb 13th
Reply

Arno Bosley

w I

Jan 24th
Reply

Arno Bosley

w

Jan 24th
Reply

Arno Bosley

be by

Jan 24th
Reply

Arno Bosley

v

Jan 24th
Reply

Mario Velasco

.

Jan 10th
Reply

iTunes User

A good taste of Marketplace. I am not able to listen at the "right" time to catch Marketplace over the air so this is a good replacement. It would be great if they could put the full broadcast up! I would even contribute to my local station. Honest! :)

Aug 30th
Reply

iTunes User

I enjoy the Marketplace Morning Report podcasts immensely as they are a great summary of what is happening in the markets. However, the reason I don't give it a higher score is that they are inconsistent as to the time the podcast becomes available. I download several podcasts in the morning(at about the same time, 8 am Eastern, every work day) and take my iPod to with me so I can listen as I review the morning e-mails, etc. It is hit or miss on whether I get this podcast or not.

Aug 30th
Reply

iTunes User

The Marketplace Morning Report is another fantastic show from American Public Media, showcasing the breaking business and personal finance news stories for the coming day. At just under fifteen minutes long (on NPR in the mornings, the podcast is even shorter than that!), I am always left wanting more. I would love for the Marketplace Morning Report to be as long as Marketplace! 30 minutes would be perfect. I won't knock the Marketplace Morning Report down a star for being too short, though. Like Kai Ryssdal (host of Marketplace and Marketplace Money), Marketplace Morning Report host Scott Jagow has the knack for turning what could be very bland business and personal finance news into stories that anyone would be interested in listening to. He has a perfect combination of knowledge and wit that really helps to keep a person awake on that early morning drive to the office. Unlike Marketplace and Marketplace Money, the Marketplace Morning Report has always been a free podcast. (The other two were previously only available via a paid subscription through Audible.) If you only have 10 minutes to listen to a few money-related stories, check out the Marketplace Morning Report. You probably won't be sorry you did!

Aug 30th
Reply
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