Jun 26, 2020

Black Americans are far more likely to be denied a mortgage

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Plus: Facebook's about-face on ads and Texas' influx of Californians.

Segments From this episode

Black applicants are more likely to be denied mortgages, study finds

Jun 26, 2020
And that's one reason for the persistent homeownership gap.
A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers.
Stephen Brashear/Getty Images for Redfin

People still leaving California for Texas despite COVID-19 surge

Jun 26, 2020
The reasons for relocation include the lower cost of living, bigger houses for less money and more conservative politics.
Demonstrators call for the reopening of Texas at the state Capitol in April. Politics is one reason some Californians relocate to Texas.
Sergio Flores/Getty Images

More advertisers are joining the Facebook boycott

Jun 26, 2020
A number of civil rights groups are calling on companies to press pause on Facebook and Instagram advertising.
The list of companies boycotting Facebook by pulling their ads continues to grow. Above, Facebook CEO Mark Zuckerberg speaks at a conference in 2018.
Justin Sullivan/Getty Images

Consumer spending rises — for now

Jun 26, 2020
An 8% uptick in May follows a 20% drop over March and April. That's the good news. There are plenty of potential economic blows on the horizon.
Consumer spending in the United States shot up a record 8.2% in May, but it doesn't mean recovery is on the way.
Spencer Platt/Getty Images

Music from the episode

Blow Beyoncé
C.R.E.A.M. Wu-Tang Clan
Drive Incubus
Pick Up Bonobo
1 Thing Amerie

The team

Nancy Farghalli Executive Producer
Bridget Bodnar Producer
Daisy Palacios Producer
Sean McHenry Associate Producer
Maria Hollenhorst Associate Producer