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Marketplace

Marketplace Business News Podcast
Kai Ryssdal
Latest Episode

10/20/2017: Macroeconomics’ big mystery

Oct 21, 2017

Episodes 2391 - 2400 of 5795

  • 10/19/2017: Tax reform’s brain drain
    Mark Wilson/Getty Images

    Kai Ryssdal promised we weren’t going to talk about tax reform today, but it kept coming up: Rep. Pat Tiberi’s resignation from Congress signals a brain drain of tax code experts in the Ways and Means Committee, which could make tax reform a lot messier. And we checked in with a union leader in Erie, Pennsylvania, who wasn’t exactly moved by President Donald Trump’s big announcement that tax reform would lead to the rebirth of American industry. But we mostly focused on government regulation of political ads on Facebook and Google, corporate restructuring and how Brexit could trigger a crisis in the U.K. cheese industry.

  • U.S. Treasury Secretary Janet Yellen took account of a variety of economic issues during her talk in Germany ahead of G7.
    Chip Somodevilla/Getty Images

    While that sounds like an opportunity he wouldn’t pass up, President Donald Trump is reportedly considering five economists for Fed chair, including current Chair Janet Yellen. Politico’s Ben White takes us through the list of potential candidates, weighing them against what Trump is looking for: someone he can relate to and influence, and someone who won’t raise rates as he enters the re-election period. All eyes should really be on China right now, where the Communist Party Congress opened today. It’s an important meeting that happens once every five years, and today’s speech by Chinese President Xi Jinping revealed China’s five-year economic plan, which includes valuable information for companies and China-watchers. Next, we go to Minnesota to check in on the wild rice crop, a cornerstone of life for local Native American tribes. And on this week’s edition of Corner Office, we talk to Reshma Saujani, CEO of Girls Who Code, an organization dedicated to teaching girls to code and getting more women jobs in tech. 

  • 10/17/2017: China’s done doing our recycling
    Spencer Platt/Getty Images

    At America’s largest ports in Los Angeles and Long Beach, bales of plastic and paper are piling up. Once upon a time, they would have been packed and shipped to Asia, where they’d be turned into consumer goods and shipped back. But China has plenty of its own recycled materials now to sustain the manufacturing of goods, leaving the U.S. with a big problem: where’s it all going to go? Maybe it can be hidden in the giant $2.4 trillion hole that the GOP’s tax plan would leave in the budget (but it’s likelier to end up in storage for now.) The tax plan is a big flip-flop from the fiscal responsibility Republicans have been been preaching, but it’s not without precedent — historically, each side cares more about debt when they’re in the opposition. Plus, NAFTA negotiations, what’s really behind Amazon’s choice of location for their secondary headquarters and how Houston’s undocumented parents are struggling to receive federal aid for their children as the city recovers from Hurricane Harvey.

  • 10/16/17: What if only the rich got tax breaks on charitable donations?
    Brendan Smialowski/AFP/Getty Images

    Many nonprofits are shaking in their boots at the prospect of a GOP tax plan that would decrease incentives for giving, especially for individuals in lower tax brackets. And as the smoke begins to clear from massive wildfires in Northern California (some of which are still active), we examine the failure of maps that show places most at risk for wildfires. One neighborhood that burned last week was Coffey Park, a subdivision in the middle of Santa Rosa — the type of place that everyone assumed would be safe from wildfires. And on the latest installment of My Economy, we hear from one listener grappling with health care costs.

  •  Storm clouds fill the sky over the U.S. Capitol Building.
    Mark Wilson/Getty Images

    We wrap up the news week wondering: Will Congress be able to pass any big legislation in 2017? What will happen to low-income people seeking health care once government subsidies disappear? Will President Donald Trump and European leaders decide to impose new sanctions on Iran? Plus, corporate America’s reliance on nondisclosure agreements helps serial harassers stay under the radar and aren’t necessarily protecting public interest, so why do we still have them? And, on a more personal note, it would make it a lot harder for us to do our jobs if we didn’t have accurate economic data. The Census Bureau usually takes care of this every five years, but the upcoming count has already been delayed by six months because of funding cuts. 

  • 10/12/17: If you can’t repeal it …
    Mandel Ngan/AFP/Getty Images

    President Donald Trump signed an executive order today that will eventually allow Americans to buy health insurance with lower premiums. While younger, healthier people may be able to take advantage of these plans, they may exclude some sick people with pre-existing conditions and other factors Obamacare eradicated. The president is keeping us in business as fact-checkers: Last night he said the rising stock market will fix the debt problem. But debt and stocks are entirely different assets and can’t be compared dollar for dollar. And while fires rage in Northern California, we look into the risk assessment of floods and why some in Houston would prefer their homes stay off official floodplain maps.  

  • 10/11/2017: The truth about taxes
    Chip Somodevilla / Getty Images

    The White House made a few statements recently regarding tax cuts and tax rates that could really use some fact-checking. And that’s what Marketplace is here for. President Donald Trump tweeted that the massive tax cuts he’d like to see from Congress would cause an already rallying stock market to skyrocket. But historically, the effects of big tax cuts on the stock market have been small, and it has likely gone up  since Trump was elected in anticipation of cuts. Then, Sarah Huckabee Sanders assured the press corps that the U.S. has the highest tax rate in the developed world, which is technically true, but the rate most corporations actually pay is pretty average in comparison. There’s also some tax trouble in Cook County, Illinois, over a soda tax that’s been repealed after only two months in effect. Plus, we dive deep into home buyouts in post-flood Houston, the economic mood in Catalonia and how to make a women’s magazine thrive in a competitive industry.

  • Canadian Prime Minister Justin Trudeau wears Chewbacca socks while taking part in a panel at the Bloomberg Global Business Forum on September 20, 2017 in New York City.
    John Moore / Getty Images

    The venture capitalists who just gave $110 million to a sock company said that. And that’s today’s good news. Nearly everything else revolves around two men at the helm of their respective organizations who are losing popularity this week: Harvey Weinstein, whose business affiliates in Hollywood are fleeing from deals with his eponymous production company after years’ worth of sexual assault allegations were reported, and Donald Trump. His tactics renegotiating NAFTA were described as an “existential threat” by the president of the U.S. Chamber of Commerce, his big infrastructure plan is in limbo after he made comments trashing the public-private partnerships that had been expected to fund it, and data shows that the coal industry won’t be coming back anytime soon despite his reversal of greenhouse gas emissions regulations. And we answer a listener’s question: “Why are bottles of soda sold in liters but milk is sold in gallons?”    

  • President Donald Trump speaks to the media before boarding Marine One on the South Lawn of the White House on October 7, 2017 in Washington, DC. 
    Shawn Thew-Pool / Getty Images

    There’s a lot of policy reform underway at the White House this week. President Donald Trump is gearing up to sign an executive order to undermine Obamacare, and people are calling it a “synthetic repeal.” He’s also worked out a deal with Democratic senators on immigration, a deal that shifts policy based on family ties to one that prioritizes skilled workers. And the clock is ticking for Trump and the Republicans to overhaul taxes — there are only 32 legislative days left in 2017. Across the globe, we look at what’s happening diplomatically behind the scenes to put pressure on North Korea, how destruction in Puerto Rico looks like opportunity to some corporations and how European Union member states are breaking apart and coming together in the name of reform.  

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About the show

Hosted by Kai Ryssdal, our leading business news radio program and podcast is about providing context on the economic news of the day. Through stories, conversations and newsworthy developments, we help listeners understand the economic world around them. Marketplace makes sense of the economy for everyone, no econ degree or finance background required. Marketplace doesn’t just report on the numbers, we take it deeper, adding context to what’s happening in the stock market and how macroeconomic policy can affect you and your business. Monday through Friday, our team speaks with a wide range of industry professionals — from small business owners to Fortune 500 CEOs, Marketplace breaks down complex topics related to business and the economy without industry jargon and over-complicated explanations.

Kai Ryssdal has led the program since 2005 and has hosted the program from China, the Middle East and dozens of cities across the United States. As a leading public media voice, Kai has been a trusted broadcaster for two decades and received an Emmy for investigative journalism on a PBS FRONTLINE documentary about money in politics called “Big Sky, Big Money.” He has appeared often on CNN, CNBC and CBS news. His written work has been featured in The New York Times and The Atlantic.

Produced and distributed by American Public Media (APM) our popular business news podcasts are available worldwide on Apple Podcasts, Spotify, and RSS Feeds and any place else where you get your podcasts.

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