Marketplace

Weekdays 6-6:30 p.m.

Marketplace is produced and distributed by American Public Media (APM), in association with the University of Southern California. The programs focus on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. The only national daily business news program originating from the West Coast, Marketplace  is noted for its timely, relevant and accessible coverage of business, economics and personal finance.

Official Website: http://www.marketplace.org/

01/19/2018: Shutdown countdown

18 hours ago

As we tape this, the United States government is hours away from grinding to a halt, barring a last-minute deal. The blame game is already starting, and that's where we'll start today's show. Then we'll look at lessons federal workers learned from the last shutdown. Plus, the latest on Amazon Prime, IBM and electric vehicle sales.

You can’t live in Lawrence Park, Pennsylvania, and not know General Electric. The company designed and built the entire community — the street grid, the houses — over a century ago.

Jim Connelly spent his childhood in the shadow of GE’s 350-acre facility near Erie. And eight years ago, after college and the military, he came home to Lawrence Park and joined the ranks.  

“I really admired that factory when I was growing up, wondering what they did inside the fence,” he said.

After years of decline, IBM reports a revenue jump

19 hours ago

A 4 percent revenue hike is not big news for many companies. But for century-plus firm IBM it’s the first in half a decade, and could signal that its focus on cloud computing is paying off.

Click the audio player above to hear the full story. 

Amazon is raising its monthly Prime membership rate, from $10.99 to $12.99. But the annual membership cost is staying the same, at $99. So what’s the logic here? Is Amazon trying to push more people into becoming annual members? Might the price hike prompt some people to drop the service altogether? What are the pros and cons of this strategy?

Click the audio player above to hear the full story.

Garbage won't pile up during this government shutdown

20 hours ago

During the last government shutdown, in 2013, garbage piled up in parts of Washington, D.C. The city’s budget was frozen because it was tied to the federal government. Washington was only able to function by dipping into its emergency reserves. It won’t be doing that again.

“We have an exemption for our local funds during the shutdown," said Jenny Reed, director of D.C.’s Office of Budget and Performance Management.

President Donald Trump stood in front of two piles of paper last month. One was the current Code of Federal Regulations, he said; the other was the code back in 1960. Using a pair of golden scissors, Trump cut a piece of “red tape” connecting them.

01/19/2018: One year of President Trump

22 hours ago

On the verge of a government shutdown, we ask: What happens to federal contractors in the event of a government shutdown? And how would bond markets react? Also on the show this week, three mayors from very different cities reflect on what's changed during the first year of the Trump presidency. Plus, a conversation about regulations, a look at smart flu tracking and an examination of dual-enrollment education. 

01/19/2018: All about bonds

Jan 19, 2018

(Markets Edition) A lack of enthusiasm for older, lower interest rates is pushing bond yields up to their highest point in years. Chris Low, chief economist at FTN Financial, joined us to give us some perspective on what's happening. Next, we're looking at another type of bond: the one you pay to get out of jail. One group is seeking to bond 160,000 out of jail in dozens of U.S. cities over the next several years. 

How the potential government shutdown could affect you

Jan 19, 2018

The House of Representatives has passed a bill to temporarily keep the government funded. But to keep it from shutting down just after midnight tonight, the Senate would have to pass its funding extension and, as you've been hearing, the votes may not be there.

One key issue they're fighting over is DACA, the Deferred Action for Childhood Arrivals program. Democrats want protections for people who arrived in the U.S. as undocumented immigrant children.

New figures show Venezuela’s oil output plummeted again last year, continuing a years-long streak of falling production. What will it mean for the economy as inflation soars and quality of life for residents declines? Rice University’s Francisco Monaldi explains why he calls the trend a “death spiral” for the country’s oil industry.

Click the above audio player to hear the full interview.

Why most employees still won’t report sexual harassment

Jan 19, 2018

Despite the growing number of women speaking out publicly about sexual harassment in the workplace, a recent survey found that in many cases, employees who were sexually harassed never reported it to management, in fear of being labeled a “troublemaker.”

“Others said it was their word against the other person’s. Or, they’re afraid of losing their job,” said Ladan Nikravan Hayes, a career advisor at CareerBuilder, the company behind the survey.

In the fight against bail, a new group brings resources

Jan 19, 2018

When somebody gets arrested, having a few hundred dollars in a bank account can mean the difference between sleeping at home and spending time in jail. But that’s not an easy proposition for people struggling to make ends meet.

Take Jasmine Borden. She was arrested in May 2017 on charges of child endangerment and leaving the scene of an accident. She is still awaiting trial in that case, but she spent a little over two months at the St. Louis Medium Security Institution before several community organizations raised $500 to bail her out.

(U.S. Edition) The Senate has to approve a spending bill by midnight to keep the government from shutting down, but the votes just don't seem to be there. Jim Kessler, from the centrist think tank Third Way, explains which groups and agencies could be affected. Afterwards, we'll discuss a recent survey that finds in many cases, employees who were sexually harassed never reported it to management. Plus: We look at Jordan's dependence on the U.S. for foreign aid, and what the future of that relationship looks like now that the U.S.

(Global Edition) From the BBC World Service … New figures show Venezuela’s oil output plunged again last year, continuing a yearlong streak of falling production. What will it mean for the economy as inflation soars and quality of life for residents declines? Then, evidence is growing against a Taiwanese businessman accused of selling oil to North Korea in violation of U.N. sanctions. Afterwards, we’ll tell you what new U.S. satellite images reveal about our planet. There's so much debris floating around Earth, it looks like a swarm of insects.

01/19/18: The healthy race to measure health

Jan 19, 2018

There are lots of startups as well as established tech companies, like Apple and Google, that are interested in measuring our waists and monitoring our blood pressure. But as the Food and Drug Administration loosens regulations in the digital health space, who’s looking out for the consumers? On our segment Quality Assurance — a second look at the week’s tech news — Marketplace Tech host Molly Wood talks about the regulation of health tech with CNBC's Christina Farr.

One year later: we check in on the refugee settlement in Erie, Pennsylvania

Jan 18, 2018

In January of 2017, Marketplace traveled to Erie, Pennsylvania to do a live show the day before President Trump's inauguration as part of our series The Big Promise. The particular politics of Erie, voting twice for President Obama and then for Trump, have made it a microcosm of the larger political and socioeconomic climate in America. That includes the way its economy has changed over the past couple of decades -- specifically, the number of immigrants and refugees who joined the workforce.

You may need to get used to the threat of government shutdown

Jan 18, 2018

There is currently no plan to fund the federal government beyond tomorrow. Lawmakers have yet to agree on a continuing resolution to fund the government. The deadline to do so is this Friday at midnight. To get a sense of how budget negotiations used to go—and whether we can expect the current state of affairs to be the new normal—Marketplace host Kai Ryssdal spoke with Stan Collender, professor of public policy at Georgetown. 

Here we are again. No federal budget, no government funding beyond the next day or so. There was a time when this state of affairs was brushed off as congressional legislators simply kicking the can down the road, that they'd come to their senses and be, y'know, responsible. But those days seem to be gone, and this economy's getting by on a never-ending series of four-week budget stopgaps. That's how we're starting the show today. Then: a check on the White House's infrastructure plan, which is expected in the next few weeks.

Mick Mulvaney doesn’t think the CFPB needs more money

Jan 18, 2018

Mick Mulvaney, the director of the Office of Management and Budget and the acting director of the Consumer Financial Protection Bureau, sent an unusual letter to Fed Chair Janet Yellen yesterday. The CFPB gets its funding from the Federal Reserve like other government bureaus, so each quarter it requests money to keep the bureau going. However, this time no money was requested for the second quarter of this fiscal year.  

That’s right, Mulvaney requested $0 for the CFPB.

If your New Year's resolution is to cook more, you might be tempted to order a meal kit from a company like HelloFresh, Sun Basket, or Blue Apron. These companies prepare and package up ingredients, along with a recipe and send them right to customers' doorsteps.

For years, some small farmers have been doing something similar —  CSA or community-supported agriculture. Now, some of those farmers say that the meal kit companies are cutting in to that market.

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