Claim OwnershipMarketplace Morning Report
Subscribed: 8,303Played: 903,550
Subscribe
© Copyright 2025 American Public Media
Description
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.
3476 Episodes
Reverse
California officials and insurance representatives are holding workshops starting this weekend to help people deal with their insurance companies amid the fires. It’s a complex system. Today, we’ll have a conversation with California Insurance Commissioner Ricardo Lara about gaps in insurance and what the road to recovery looks like from here. Plus, a new World Bank report shows that economic growth among developing countries is slowing. We’ll unpack the reasons why.
From a new so-called Department of Government Efficiency to an incoming Republican Congress, deep cuts to the federal government are promised this year. Among areas to be reviewed are Medicaid and Medicare. But that spending is popular among voters — Republicans and Democrat alike, according to a new poll from the health research organization KFF. But first, California officials are launching a new effort to help people navigate the insurance maze this weekend.
From the BBC World Service: China’s economy grew by 5% last year, beating expectations. This growth was driven by the country’s manufacturing sector, with those goods mainly heading to foreign markets. But China is still struggling to shake off a protracted property crisis, high local government debt and youth unemployment. We’ll discuss. And later on the program, we’ll hear about the economics and history of Italy’s traveling troubadours.
“We already felt like we’re being priced out,” said Claire Contreras, a teacher who lost her Altadena apartment to a fire. “All of this just kind of puts a big question mark on our long-term ability to even stay in LA.” Today, we’ll hear Contreras reflect on reentering the rental market at a time when thousands of others are also seeking longer-term shelter. Also: a look at competition for U.S. seasonal work visas in Guatemala.
TikTok is set for a U.S. cut-off on Sunday. The short video social media app has more than 170 million American users, some of whom are turning to alternative apps like RedNote. But those alternatives have their own shortcomings. Plus, with news of a ceasefire deal that could end the Israel-Hamas war, we’ll dig into what — and how pricey — rebuilding could look like. And later: Texas looks likely to pass school voucher legislation.
From the BBC World Service: Across Europe, economic challenges and political shifts having been shaking up bond markets, pushing up borrowing costs. What’s been driving uncertainty in European bond markets and causing bond yields to rise? Then, we’ll hear about Canada is prepping for U.S. tariffs and learn more about what could be at stake for seasonal workers ahead of a second Donald Trump administration.
With dangerously high winds back in the forecast for Southern California today, an estimated 12,000 structures — many of them homes — have already been destroyed. While more damage and displacement is expected, what are the costs so far? One industry estimate puts insured losses in the $30 billion range. Plus, we’ll discuss this morning’s consume price index and learn more about the Securities and Exchange Commission’s lawsuit against Elon Musk.
Catastrophe bonds — financial instruments issued by insurance, reinsurance firms and sometimes government to help cover losses in a disaster — keep insurance markets functioning at a time when it’s harder for homeowners to get coverage. Today, we’ll hear more about the role these cat bonds play in paying to rebuild after fires and other disasters. Also, we’ll learn about the impacts LA’s fires could have on the region’s unhoused population.
From the BBC World Service: Germany is known for its strong industrial sector, but it’s been battling a deep economic slump; Germany’s GDP was down 0/2% in 2024. Then, regulators in the States are suing Elon Musk over disclosures relating to his purchase of Twitter. And, as President-elect Donald Trump threatens high tariffs on imports from Canada, how prepared is the United States’ northern neighbor?
In Los Angeles, the Federal Emergency Management Agency is opening assistance centers today to help those impacted by the area’s fires. But nonprofits have also stepped up, and many people have taken to crowdfunding — and raised millions in the process. We’ll hear more. Plus, we’ll map out how EV sales are doing around the globe, and we’ll learn about some of the struggles of taxi and rideshare drivers in China.
A growing number of Americans are joining the “sandwich generation,” which refers to people caring for younger children and aging parents at the same time — and it’s often unpaid labor, on top of a separate full-time job. This all takes a toll on mental, physical and financial health. Then, speaking of sandwiches, burger chain Shake Shack looks to expand as more customers turn to fast casual dining.
From the BBC World Service: Italian fashion photographer Oliviero Toscani, who created iconic and controversial ad campaigns for clothing brand Benetton, has died at age 82. We’ll take time to reflect on his impact and legacy. Plus, cryptocurrency giant Tether plans to move its headquarters to El Salvador. And then, Spain is taking a bold step to address its housing crunch by imposing high taxes on homes purchased by non-EU residents.
If insurers are buckling, and backup insurers are buckling, where’s the backup for the backup? Private insurers were exiting parts of California and other markets well before these current firees, causing millions of people to opt for state-run backup insurance plans. Those plans are also now buckling under pressure of intensifying natural disasters. So where do we go from here? We discuss. And later, we’ll interrogate some of the working conditions of Shein factory workers in China.
Los Angeles is starting the week with the prospect of strengthening winds and increasing fire danger. Twenty-four people have died, 62 square miles have burned, and 12,000 structures are expected to be damaged or destroyed. We’ll hear the latest. Plus, immigration is likely to be a top priority for the incoming Trump administration, and and a tax form is likely to end up in a lot more people’s mailboxes this year.
From the BBC World Service: The BBC has found that workers in Chinese factories making clothes for the fast-fashion giant Shein are laboring more than 75 hours a week and earning less than $1 an item. This breaks the country’s labor laws and adds to concerns about working conditions at Shein. Also on the program: China has reported its largest-ever trade surplus, amounting to nearly $1 trillion last year.
More than 130,000 people across Southern California are under evacuation orders for the firestorms that swept the Los Angeles area this week. Thousands of structures have burnt, which will add strains to affordable housing. The disaster will also affect the region’s chronically unhoused, who face unique challenges in evacuating, accessing shelter and recovery. Plus, a standing ovation from an accounting conference? We’ll hear a professional improviser reflect on his career.
With Donald Trump’s second inauguration about 10 days away, it’s a good time to survey what lies ahead for the U.S. and global economies. The political risk consultancy Eurasia Group recently put out its annual list of top risks for the year ahead. In 2025, rivalries and instability could pose threats to the global economy. Also: a look at the British bond market and what to expect when you’re expecting a jobs report.
From the BBC World Service: U.K. government borrowing costs are hovering near a 16-year high, as bond yields have surged, inflation is proving sticky, and the value of the pound has drooped. What’s causing the uncertainty? Plus, Ethiopia has a stock exchange again after 50 years. And later: Shipping giant Maersk warns that only half of its ships are arriving on time and warns of more volatility on the way.
On Friday, the Supreme Court holds the fate of many of the nation’s content creators in its hands. TikTok parent company ByteDance wants the court to halt a bipartisan law that would require the company to sell the social video platform to a U.S. company. But ByteDance has a backup plan just in case. Plus, 2024 was a record year for bankruptcies, and Peru’s Chinese-funded port aims to reshape global trade.
Today is a national day to remember Jimmy Carter, the 39th president. This morning, we’re taking a look at Carter’s “malaise” speech. It was given in mid-July 1979, when inflation was running high in the midst of the second oil crisis, and includes a direct economic plea. Also, after 20 years apart, the Service Employees International Union is going back into the collection of unions known as the AFL-CIO.
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
Download from Google Play
Download from App Store
United States
Elite did a Maui on Pacific Palisades.
lack of imported labor raises labor costs, read opening the border and cheap labor pours in, the lower end workers make less money. How does that help the poor? Cesar Chavez was against the inflow border crossing cheap labor because it lowers the incomes of all but the corporations. Ask your Democrat politician why Biden hates labor. While you are at it, ask Nancy Polosi why she too hates having to pay the higher amount for local labor and insists on open labor borders.
💚WATCH>>ᗪOᗯᑎᒪOᗩᗪ>>LINK>👉https://co.fastmovies.org
We don't need a Gavin Newsom to crash the United States of America like he is crashing California.
Have all the women kill simutaneously all the Talban men. Then go to university.
Being a Democrat is self harm.
Just have the most successful money launderer help with the cover-up, call Biden.
Although baccarat appears to be a fairly straightforward, simple game that is completely dependent on chance, it has remained very popular for many years. The most difficult part of the game is counting points when the winner is determined, but in offline casinos this is done by the dealer, and on online platforms everything happens automatically. You can find more useful information on this topic here https://xn--12cfvb5etcxfbb7a3itdjh.com/
Humanitarian aid to Gaza so they can repeat?
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.
Why not improve public schools rather than drag Private Schools down.
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.
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.
Take the money and run, sounds like a Leftist. I didn't know Biden was an artist.
Hitler thought a war and Holocaust was worth getting art.
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.
Human trafficking is dangerous since you would be competing with the Biden administration directly as they are flying in and bussing in migrants themselves.
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.
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.
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.