Marketplace with Kai Ryssdal

By Marketplace

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Description

Marketplace® is the leading business news program in the nation. Host Kai Ryssdal and our team of reporters bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. Airing each weekday evening on your local public radio station or on-demand anytime, Marketplace is your liaison between economics and life. Marketplace with Kai Ryssdal is part of the Marketplace portfolio of public radio programs broadcasting nationwide, which additionally includes Marketplace Morning Report®, Marketplace Weekend®, and Marketplace Tech®. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace

Episode Date
Are we talking about trade again?
00:25:56
Is the sky blue? Kai catches us up on our current trade relationship with China and all the events that got us here. We follow that up with the Weekly Wrap. This time we're joined by Rachel Abrams from the New York Times and Dion Rabouin from Yahoo Finance. And in non-trade news: We talk to director Hiro Murai. You probably know him from his collaborations with Donald Glover on FX’s “Atlanta” and Childish Gambino’s “This Is America.” (06/15/18)
Jun 15, 2018
Sedan sales aren't what they used to be
00:25:55
The trusty sedan might not be enough for Americans these days. Sales have been tanking the last few years, giving way to bigger trucks, SUVs and crossovers. We find out why. Also on the show, we talk with Politico’s Annie Karni about her reporting on the how the White House was looking for new employees at a job fair. Plus, we ask, "Is there a way for a country to engage in 'good' protectionism for its own interests?" Short answer: Well, it depends. Just give it a listen. (06/14/2018)
Jun 14, 2018
Today we all learned a little Fedspeak
00:25:43
The Federal Reserve raised interest rates today, and Chair Jay Powell took some time to explain the economics of the decision. We thought that was our job. Anyway, we'll bring you the highlights, plus the latest in corporate mega-mergers as Comcast makes a bid for Fox. Then: A lot of us still feel the effects of the financial crisis, but there are places where you can actually still see them. Houses that got stuck in foreclosure limbo, abandoned by their owners and are still sitting empty years later. They're called "zombie homes." We'll take you to Long Island, which has more than anywhere else.
Jun 13, 2018
The $85 billion AT&T-Time Warner merger has the green light
00:26:00
President Donald Trump vowed back in 2016 that his presidency would block the mega-merger between AT&T and Time Warner. Today, a federal judge decided otherwise. We'll talk about how we got here and what happens next. Plus, in light of the historic summit in Singapore and the Fed meeting today and tomorrow, we'll put the American and North Korean economies in context. 
Jun 12, 2018
Would you rather have net neutrality or an open internet?
00:26:00
Those might sound the same, but in practice they're very, very different. Under President Obama, the Federal Communications Commission mandated that internet service providers treat all internet traffic the same. Today, those net neutrality rules were officially rolled back. We had Chairman Ajit Pai on to talk about what will change, how he measures success and what happens if his vision for an open internet doesn't work. Plus, it’s been a year since Amazon acquired Whole Foods. How has Amazon’s entry changed the grocery business?
Jun 11, 2018
"The expansion of the international economy is not a foreign invasion. It is an American triumph."
00:26:02
Ronald Reagan said that 30 years ago in a weekly radio address about protectionism. For decades, the global economy has trended toward more free trade, not less. We're going to spend a few minutes today charting how we got here, from that speech through the next four administrations and up to our current moment, on the brink of a trade war. But first, we'll talk about the gathering of world leaders in Canada this weekend and America's place in it. Is it really the G-7? Or the G-6 plus one? We'll talk about it. Plus: The job market is the tightest it's been in decades, but transgender Americans say they've been denied work or promotions because of their gender identity. As employers hunt for workers, we'll look at whether things are improving. (06/08/2018)
Jun 08, 2018
Learning to think long term
00:25:53
You hear a lot on our show about corporate profits, quarterly earnings reports and how companies beat or missed expectations. Warren Buffet and Jaime Dimon spoke out about this kind of quarterly forecasting this week, on the grounds that it fosters too much short-term thinking. We'll talk about it. Then: steel and aluminum tariffs are the headline trade news, but what about solar panels? Solar tech is subject to 30 percent tariffs right now, and the resulting hit to the American solar energy industry might outweigh any benefits. Plus: The Tony Awards are this weekend, but Broadway already has a lot to celebrate. We'll talk about the economics of the Great White Way.
Jun 07, 2018
"You can’t barbecue your way out of this problem"
00:25:31
If only. President Donald Trump likes to talk about the trade deficit, the difference between what the United States sells to other countries and what it buys from them. It shrank between March and April, according to the latest report, something the White House would say is good news. But it's still higher than it's been in years, and when you take a closer look at the numbers, you can see how the current trade disagreements are changing the global economy. Then: What the bond market has to do with Republican tax cuts. Plus, the barbecue problem: Wild hogs. (06/06/2018)
Jun 06, 2018
The White House's energy and trade policies are straight out of the '80s
00:25:20
A year-plus into NAFTA negotiations, President Donald Trump might be considering a new tactic: Split up the whole thing into two bilateral deals with Mexico and Canada. We'll take a look at what that would look like. Then, we hear from more businesses feeling the effects of the brewing trade war and looking for exemptions. Plus, 10 years and an internet economy explosion later, the Justice Department and the Federal Trade Commission are taking stock of real estate data and broker commissions. 
Jun 05, 2018
It's shaping up to be an awkward week for the White House
00:25:42
Treasury Secretary Steven Mnuchin got the cold shoulder at the G-7 finance ministers meeting this past weekend, and as President Donald Trump heads to Quebec for more meetings, Canada, Mexico and the European Union are issuing blistering responses to his tariffs. We'll kick off today's show looking at the potential political costs and economic benefits of all this. Then: We'll take apart a bunch of big tech stories from today — and see what you can learn about our relationship with the Chinese by literally taking apart a ZTE phone.
Jun 04, 2018
Tariffs are taxes, so what does that mean for last year's big tax cut?
00:25:48
It's been a while since one of President Donald Trump's tweets made economic news, but today he kind of scooped the rest of the government. "Looking forward to seeing the employment numbers at 8:30 this morning," he tweeted, potentially violating a federal rule against discussing that job report early. We'll talk about why that matters. Then, more from the brewing trade war, including more of your questions and a look at whether rising tariffs will undo recent tax cuts. Plus, an interview with the first American to study at a North Korean university. But first, as always, we'll recap a wild five days gone by on the Weekly Wrap. (06/01/2018)
Jun 01, 2018
The trade war is back on. Here's everything you need to know.
00:25:37
The threat of a trade war has been looming over this country since President Donald Trump announced steel and aluminum tariffs almost three months ago. But one set of tariffs, and a bunch of exclusions and carve-outs to it, does not a trade war make. But now those exceptions are expiring, countries are retaliating and things are getting real. Today, we'll break down what's happening, talk to businesspeople trying to figure out their place in all this and answer your questions about all things trade. Plus, we're capping off our series on the view of American manufacturing from a Georgia factory town.
May 31, 2018
Caught in the crosshairs of global trade policy
00:25:53
Over 12.5 million people in the United States work in the manufacturing sector. That's nearly 12 percent of U.S. GDP. So what we make and how make it matters. We're starting off with the second part in our series about manufacturing in America. Today, we're at a foundry that's seen business improve under President Donald Trump, but its owners are wary of steel tariffs. Then: What do Snapple, Dr. Pepper, Peet's Coffee, Keurig and Panera Bread have in common? They're all owned by one company that's on a buying spree. Plus, a conversation with the James Beard Foundation CEO about restaurants in the post #MeToo era. (05-30-2018)
May 30, 2018
05/29/2018: Raise your hand if you can’t keep track of Trump's China policy
00:25:53
... unless you're driving. Then honk maybe? At any rate, you're not alone. The White House is back to being the Bad Cop, pushing ahead on tariffs and punishing China for playing unfair with intellectual property. We'll bring you the latest on that and the changes coming to the Volker Rule, starting with what it is. Plus: One of the three last denim factories in the United States is shutting down. We'll visit and look at what it means about manufacturing in this country.
May 29, 2018
Are you using your vacation days?
00:25:33
Or are you in the 52 percent of American workers who left them on the table in 2017? We look at the economic effects of people taking their paid vacation time. And on this Memorial Day, the future of of the $55 billion VA Mission Act, which provides a boost of funding for the system that delivers healthcare to more than 9 million veterans. Plus, 41.5 million Americans are travelling this Memorial Day weekend despite the highest gas prices in four years, a personal story from the aftermath of the financial crisis and how meat companies are trying to satisfy meat lovers with meat-like alternatives.
May 28, 2018
How can you tell if unconscious bias training worked?
00:25:59
Starbucks stores around the country are closing down next week for unconscious bias training. The programs are getting more and more popular, but is their impact measurable? Plus, we cap of our week covering graduates in the recession with the story of one man who regrets going to college. But first, a look back at the week's business and financial news.
May 25, 2018
What does the automobile industry have to do with national security?
00:25:33
The Trump administration announced it would investigate possible tariffs on auto imports on national security grounds. But, how exactly is the auto industry connected to national security? We sent Marketplace's Sabri Ben-Achour on a hunt for answers. And while we're on the subject, we talked to a sales manager at a German auto parts company with a U.S. factory about what the Trump administration’s investigation into possible auto import tariffs could mean for his business. Also on today's show: The story of one scientist’s search for a new red pigment that could be worth a billion dollars. 
May 24, 2018
Does the class of 2018 have it made?
00:26:20
Probably not, to be honest. They have a lot of student loans. But hey, the job market is good! Well, sort of. Listen to the story, we'll explain. Today we talk to Qualcomm CEO Steven Mollenkopf about why he isn't worried about China and why 5G is exciting. Also on today's show, a couple hundred business people lit up Capitol Hill this week for the Cannabis Industry Association’s Lobby Days. They asked the lawmakers to either legalize marijuana or at least ease up on some banking and tax rules so they can do business like everybody else. (05/23/2018)
May 23, 2018
This graduation season, think back to what's changed in 10 years
00:25:41
The House is set to take up a bill today dialing back parts of Dodd-Frank, the law regulating banks after the financial crisis. The bill, which has already passed the Senate, would change mortgage lending requirements and raise the threshold at which banks will be officially big, or "systemically important financial institutions," if you want to get technical. We'll start off by telling you everything you need to know, and we'll also look at the rotating deck chairs on the American CEO cruise ship. Plus, speaking of the recession, we'll look at what it's like to graduate into one. The damage can last well after the economy recovers, and some young professionals never catch back up. (05/22/2018)
May 22, 2018
The trade war is on hold — for now
00:25:27
After two days of trade talks in Washington and a high-level trip earlier this month, China and the United States have announced a truce in the simmering trade war, with U.S.-imposed tariffs on hold. We'll spend some time a the top of today's show recapping how we got here, what's settled and what's not. Then: We'll talk to the reporter who wrote the book on the failed blood-testing startup Theranos and the "scorched earth" tactics it took to cover up fraud. Plus: What you need to know about the new Supreme Court ruling that says employers can keep workers in private arbitration and out of class-action lawsuits.
May 21, 2018
So, what's going on with trade again?
00:26:00
We're talking NAFTA. We're also talking tariffs. And China. And trade deficits. Leigh Gallagher from Fortune Magazine and Dion Rabouin from Yahoo Finance join us for the Weekly Wrap to talk about the unforeseen consequences of U.S. trade policy and the latest on the 10-year Treasury note. Also on today's show, we get into the Trump administration's attempt to get China to buy more goods from the United States. Trump wants to lower the trade deficit with Beijing, but is buying more American goods going to solve the problem? We also take a look at apology ads. They're all the rage these days. Facebook, Uber and Wells Fargo have launched apology campaigns in the past several weeks in order to regain the trust of their customers. But does "I'm sorry" make for an effective ad?
May 18, 2018
The Markle Effect
00:25:27
We're just a couple days away from the royal wedding, and the fashion industry loves Meghan Markle. We'll look at her style and how it might change once she marries Prince Harry. But first, let's talk about the Newtonian law of global trade: For every policy action, there's an equal or opposite reaction. Japan could reportedly be taking the United States to the World Trade Organization over steel and aluminum tariffs, and we'll spend some time at the top of today's show exploring trade's many unintended consequences. Then: Birthrates have been on the decline for a while, and the latest numbers have kept up that trend. So if Americans aren't getting busy, what will happen to the labor force? Plus, hard times in a boom town and the Vatican on economics. (05/17/2018)
May 17, 2018
"I Love Capitalism!"
00:25:40
That's the name of Ken Langone's new book. He co-founded The Home Depot, and he's been around this economy for a while. We'll unpack that premise, but first we'll talk NAFTA renegotiations. Tomorrow's supposed to be the deadline, but it appears that deadline is malleable as the talks narrow in focus. Plus: the latest from a whole slew of earnings reports, including a big surprise from Macy's. (05/16/2018)
May 16, 2018
Just about everyone agrees drugs are too expensive
00:25:23
So what are they actually doing about it? Today on the show, we'll do the numbers. The 100 most-common brand-name pharmaceuticals got 232 percent more expensive in the past decade. State lawmakers have filed more than 150 bills this year to rein in costs, something 80 percent of people surveyed by Kaiser agree we need. Some drug companies are starting to feel the squeeze from their own shareholders, too. We'll talk about it. But first: U.S. Immigration and Customs Enforcement has more than doubled workplace investigations over last year. Audits and arrests are up, too. We'll look at the economics of these raids. Plus: Uber and Lyft are changing the way they handle sexual harassment and assault claims. (05/15/2018)
May 15, 2018
Welcome to ~*~the future~*~
00:25:55
It's not all it's cracked up to be. A Tesla Model S rear-ended a firetruck at a red light last night. The car was doing 60, and witnesses say it didn't break. The driver broke his ankle, and now investigators are wondering if the car's autopilot system was active at the time. The self-driving mode has been involved in two fatal crashes, and there are a lot of questions about whether drivers can be expected to take over when self-driving tech is essentially still in the testing phase. We'll talk about that, plus the story of Project Maven, a Pentagon initiative to make drones better at recognizing things. A dozen Google staffers have resigned over it. Plus, the latest from TV upfronts and what you need to know about the Supreme Court's gambling ruling. All that and more on Marketplace for Monday, May 14, 2018.
May 14, 2018
05/11/2018: Remember when the news was slow?
00:26:05
We packed a lot in the first half of this episode: What President Donald Trump said (and didn't say) in his speech on drug prices today, the looming NAFTA deadline, the swamp and the draining thereof, it's all here. Then: The upfronts are next week. That's the big to-do the major TV networks have every year to show off their new lineups, and, as with most recent years, streaming makes it an uphill battle. Plus, why $5.6 billion worth of U.S. scrap exports to China just came to a screeching halt.
May 11, 2018
05/10/2018: Doing the numbers on the Hermit Kingdom
00:25:27
President Donald Trump announced today he's going to meet Kim Jong Un on June 12 in Singapore. There are a whole lot of variables in this equation: What's motivating who to do what? One thing that might have driven North Korea to the negotiating table is its economy. It had been growing amid sanctions, but now? We'll talk about it. Then, another economic story couched in a geopolitical one: Now that the U.S. is re-imposing sanctions on Iran, what will the EU do? Plus: Some 2,300 families fled Puerto Rico after Hurricane Maria. Now, the program giving them temporary shelter on the mainland is coming to an end. So where will they all go? 
May 10, 2018
05/09/2018: What's Facebook up to?
00:25:22
The news coming out of Facebook this week is maybe a bit friendlier than it has been: The company announced some leadership shuffles yesterday, along with a new department focused on blockchain technology. We'll kick off today's show with everything you need to know. Plus, we're still talking all things trade, exploring the effects of new Iranian sanctions and a new bill to give companies a break on tariffs on imported goods. Then: Would you subscribe to a car the way you would subscribe to Netflix? Some brands are offering monthly payments that cover the car, insurance and maintenance.
May 09, 2018
05/08/2018: The economic fallout of leaving the Iran nuclear deal
00:25:40
Iran agreed to a slew of limits on its nuclear program three years ago in exchange for lifting decades of international sanctions from the United States and five other countries. The year after the deal went into place, Iran's real GDP grew by 12.5 percent. Growth has certainly fallen off since then, and there were protests in Iran this winter over economic inequality. Now that President Donald Trump has withdrawn from the deal and threatened new sanctions, what happens to U.S. companies doing business there? And businesses of other countries in the deal? That's where we're starting today. Then, we'll examine the story of New York Attorney General Eric Schneiderman, who positioned himself as an ally of #MeToo before stepping down today amid allegations of abuse. Plus, the Parkland shooting has renewed demand for a whole range of products and services to make schools safer from gun violence. We'll take a look at that market.
May 08, 2018
05/07/18: A venti deal between Starbucks and Nestle
00:25:38
Or maybe it's a grande deal? Whatever. It's a very big deal. The Swiss food brand is paying more than $7 billion for the rights to distribute Starbucks coffee. We'll talk about what Nestle does (or doesn't) get for its money. Probably it means no one will write "Nestly" on their cups again. Then: Tomorrow is the first big primary day for elections in the country and a preview of what may come in November's midterms. A lot of the people running this year are political newcomers from the science community. They worry that the people in power now are discounting science when they make policy, but they're learning that running a lab and running a campaign are two very different things. Plus: Why fast food restaurants like McDonald's, KFC and Taco Bell are experimenting with modern architecture and comfy furniture in their stores.
May 07, 2018
05/04/2018: The economy is weird right now
00:25:35
The labor market, to be specific. It's been out of whack for a while, and this morning's jobs report only got stranger. Last month saw 3.9 percent unemployment, the lowest in 18 years. Finding a job is pretty easy, but wages still aren't rising. What's changed since 2000? That's where we'll start today. Then: Obamacare is still the law of the land, minus the individual mandate, which Republicans removed as part of the new tax plan. As a result, premiums are going up again. Plus: How'd things go with this week's China trade talks? And why is the New York Times' food critic going after ice cream sundaes? Two equally important questions we'll answer today.
May 04, 2018
05/03/2018: Yes, millennials buy houses sometimes
00:25:24
We've been talking a lot about the countries and companies that have asked for exemptions from President Donald Trump's steel and aluminum tariffs. But remember, the whole point of these things is to help out America's steel and aluminum industries. So we'll start today's show looking at the pro-tariff crowd before chatting with a few of the thousands of companies looking for exemptions. Then: Tesla's earnings call yesterday was feisty as Elon Musk's electric car company beat expectations while posting a record loss. We'll look at the challenges Musk is facing as he makes the turn from luxury to the mass market. Plus: Conventional wisdom says most millennials just can't buy houses anymore. We'll talk to a few who did and see how they were able to swing it.
May 03, 2018
05/02/2018: 2 percent inflation euphoria
00:25:15
Today, the Federal Open Market Committee chose not to raise interest rates, but it did have other news: Inflation has reached the Fed benchmark of 2 percent. How tolerant of inflation is the Fed going to be? That depends on whether the economy is experiencing good or bad inflation. We look at the difference between the two. Meanwhile, a U.S. delegation led by Treasury Secretary Steven Mnuchin are on the ground in Beijing, resting up before their tariff meetings tomorrow. Most American companies doing business in China are making money, so they might want different things from the talks than the negotiators do. Marketplace China Correspondent Jennifer Pak breaks it down for us. Speaking of tariffs, American companies submitted over 3,500 applications for exemptions. We dig into what some of these companies are doing to try and increase their chances.
May 02, 2018
05/01/2018: Just because you use words interchangeably doesn't mean they're the same
00:25:24
Ahead of a midnight deadline last night, the White House gave a slew of countries exemptions from steel and aluminum tariffs lasting a month or longer. South Korea has already scored itself a permanent pass by agreeing to restrict its steel and aluminum exports to the United States. That's the deal the Trump administration is offering Europe and its NAFTA partners, too: If you don't want tariffs, then agree to a quota. Thing is, there's a pretty big economic difference between the two. We'll explain, then examine the reaction to this policy from a number of trading partners. Plus, a look at Canada's skills-based immigration policy, which Trump has said he admires, and its unintended side effects.
May 01, 2018
04/30/2018: The race to 5G
00:26:08
The big corporate story du jour is T-Mobile and Sprint, but we're going to focus on something specific the two wireless companies said when they announced a proposed merger: that the combined company would be able to move faster on fifth-generation wireless technology than anyone else — specifically the Chinese. Will that help win over government regulators? We'll talk about. Then, ahead of Treasury Secretary Steven Mnuchin's trip to Beijing, we'll talk about China's bid for tech domination by 2025. Plus: President Donald Trump has until midnight tonight to make up his mind on a whole bunch of temporary tariff exemptions. We'll look at the state of play so far. 
Apr 30, 2018
04/27/2018: Is vaping *too* cool?
00:26:14
The e-cigarette manufacturer Juul started off aiming its product at adult smokers looking to quit, but now the brightly-colored, fruit-flavored refill cartridges have caught on with teens, and the FDA is stepping in. We'll talk about it. Plus: the view from Dallas on NFL Draft Day, and the Avengers' infinite sponsorships. Plus, everything's looking up at Amazon: profits — and the cost of a prime membership.
Apr 27, 2018
04/26/2018: Buying a Ford doesn't mean what it used to
00:26:08
The big corporate headline of the day is an industrial story, a commodities story, a global trade story and a good ol' wow-that's-an-interesting-move story. Ford Motor Company announced this morning it's going to stop making cars for the North American market, save the iconic Mustang. We'll talk about what that means for the company and the auto industry writ large. Then: Despite Facebook's recent privacy fiasco, the company reported a 63 percent increase in year-over-year profits for the first quarter. We'll explain why. Plus: Teachers have been striking all over the country this spring, but there's another massive reorganization in Puerto Rico's schools you need to know about. We'll bring you the view from the ground.
Apr 26, 2018
04/25/2018: Enchanté!
00:25:31
If what's past is prologue, we're in for a change of mood at the White House. French President Emmanuel Macron's on his way out of town, after what you can only call a very warm reception from President Donald Trump. German Chancellor Angela Merkel shows up on Friday. The two European leaders are pushing the same agenda, but they're going to be greeted much differently. Then: CFPB head Mick Mulvaney said last night he wants to take the agency's database of consumer complaints offline, out of public view. We'll explain what's going on. Plus: A visit to Guangzhou, the south China home of the world's biggest trade show, Canton Fair. 
Apr 25, 2018
04/24/2018: Who's up, who's down
00:26:07
Quick: Are rising interest rates good or bad? What about oil prices? Home prices? It's kind of a trick question. Those are all signs of an economy that's growing quite nicely — when wages are going up. That's where we're starting today. Then: If you're talking about wages, it's worth mentioning that some of the biggest companies in this country are sitting on mountains of cash: $102 billion at Google's parent company, more than double that at Apple. So what are companies doing with all that money? We'll explain. Plus: Back in the '60s, traffic in Los Angeles was so light you could get across town in 20 minutes. We know firsthand that's impossible now. So what happened? And what's that say about the economy?
Apr 24, 2018
04/23/2018: The cost of money
00:25:58
We begin today with a number, a relatively simple number that brings with it meaning for everybody in this economy who has debt: 3 percent. That's the interest rate that the government's 10-year Treasury note is getting really close to, for the first time since January 2014. In isolation, it's not a huge deal, but in the context of the low-rate environment, it's really something. We'll start today by explaining all the hype. Then: What you need to know about French President Emmanuel Macron's visit to Washington, and a follow-up to that hefty fine the government hit Wells Fargo with last week. Plus: Horror movies are back from the dead, making big money on small budgets.
Apr 23, 2018
04/20/2018: Mick Mulvaney on Wells Fargo, the role of regulators and restructuring the American economy
00:26:05
Wells Fargo will pay the federal government a billion dollars to settle charges of misconduct in its car and home loans. That's a lot, but only a small percentage of the banks' recent profits. It's also the biggest bank fine imposed by the Trump administration and the first by the Consumer Financial Protection Bureau under the direction of Mick Mulvaney. He's no fan of the agency he's now in charge of, and he's still Trump's budget guy, so we had him on today to talk about all of it. Then: We'll talk over the interview with our friends on the Weekly Wrap and take a look at where all that money's going. Plus: unpacking Trump's tweets about OPEC.
Apr 20, 2018
04/19/2018: Puerto Rico is still recovering
00:25:59
Sometimes you've got a plan for reporting out a story, then circumstances change your mind. That's what happened to Marketplace Weekend host Lizzie O'Leary, who's in Puerto Rico this week. She was in the middle of reporting an update on how the island is recovering after last year's hurricanes, then the lights went out ... everywhere. We got Lizzie on the phone today to talk about how things are going. But first, the latest on the AT&T-Time Warner trial — and reminder of what's at stake. Plus: the business of a royal wedding.
Apr 19, 2018
04/18/2018: Did you go to Starbucks today?
00:25:43
American consumers can be a fickle bunch, and companies spend billions to make that fickleness break their way as best they can — especially in a crisis. Bloomberg calculated that Starbucks' upcoming shutdown for racial bias training is gonna cost $17 million in lost sales. But what do Starbucks customers think of last weekend's incident in Philadelphia, where two black men sat down without buying anything and left in handcuffs? That's where we're starting today. Then, another Trump tweet fact check: Are bilateral trade deals really better for the U.S. than big pacts like the Trans-Pacific Partnership? Plus: More on brand loyalty, and why disgruntled Facebook users are still relatively happy with its subsidiary, Instagram.
Apr 18, 2018
04/17/2018: The Tax Day that wasn't
00:25:56
It was supposed to be Tax Day in America, but thanks to computer issues at the IRS, everyone gets another day to file. Taxes were still on the docket at the Supreme Court today though — the justices heard South Dakota v. Wayfair Inc. At issue is whether the online retailer and others like it should collect sales tax. We'll follow the money. But first: Starbucks is closing down all 8,000 of its company-owned stores for one day next month to give its 175,000 workers racial bias training. The move comes after two black men were arrested at a Starbucks in Philadelphia when a manager called the police because they were sitting in the cafe without buying anything. We'll talk about it. Plus: President Donald Trump is meeting with Japanese Prime Minister Shinzo Abe this week, and trade's on the table. Japan's one of several American allies and 2,200 companies looking for an exemption. We'll look at who else is on the list. 
Apr 17, 2018
04/16/2018: It's another episode of "Is There Anything Beyoncé Can't Do?"
00:26:09
It's a bit of a musical episode today, from Beyoncé's mammoth Coachella performance to... the new Fed appointments? We'll explain. None of our trading partners were hit with a currency manipulator label in the latest report from the Treasury department last week, but decisions by the president's own government often don't dissuade him from tweeting what he believes, like "Russia and China are playing the Currency Devaluation game." We'll talk about it. Plus: We're just past the point of maximum pressure for a lot of high school seniors. College admissions are a roll of the dice, but early-decision admissions are getting a closer look from the Justice Department, possibly for antitrust violations, and that's not the only complaint people have with it.
Apr 16, 2018
04/13/2018: Trump did a 180 yesterday ... and another today
00:26:20
President Donald Trump has gone back and forth on the Trans-Pacific Partnership the past few days, and you might be looking for a refresher. What exactly is in the thing? We'll get you up to speed today and talk a bit about the Farm Bill, too. Then: The president has kicked things up a notch in his fight with Amazon over the U.S. Postal Service. He's ordering a task force to dig into the operations and finances of the post office, which he says is on an unsustainable financial path. But is a task force gonna fix that? We'll look into it, but first, the Weekly Wrap.
Apr 13, 2018
04/12/2018: TPP? TBD
00:26:04
Much like health care, it seems global trade is a harder nut to crack than the White House thought it might be. In a meeting today, Presdient Donald Trump said he's told his top economic and trade advisers to look at getting the United States back into the Trans-Pacific Partnership. It's not really a surprise. The president hinted at it in Davos, and Treasury Secretary Steven Mnuchin flat out said it in an interview on this program. That's where we're starting today, plus the latest on bank earnings and Disney's move to streaming. Also: A lot of science fiction tech has become reality. Now some companies are settling into stacks of sci-fi to find the Next Big Thing.
Apr 12, 2018
04/11/2018: What Paul Ryan's departure means
00:25:58
We got the most recent Federal Reserve meeting minutes. The key takeaways: Trump tax cuts and increased federal spending will give the economy a short-term boost, but all the deficit spending and retaliatory tariffs carry long-term risks. Speaker of the House Paul Ryan won't have to worry about any of this soon. He announced today he'll leave Congress in January. We'll talk about the ripple effects of that departure. Then: Mark Zuckerberg's second day of testimony saw the Facebook CEO answering more questions about his company's business model: A lot of it comes down to the Like button, that little thumbs up that may well be the most powerful tool in social media. We'll explain. Plus: More from our "How We Changed" series.
Apr 11, 2018
04/10/2018: "Senator, we run ads."
00:26:08
If you were listening to Mark Zuckerberg's testimony in front of the Senate, you missed the sort of bewildered smile on the Facebook CEO's face as he explained to Sen. Orrin Hatch how his company makes money. Zuckerberg was still answering questions as we taped the show this afternoon, but we brought in Marketplace Tech host Molly Wood to talk about the story so far. Then, we'll look at another striking moment from this afternoon, when Zuckerberg said Facebook isn't a monopoly as it stares down regulation, here and abroad. Then: Toys R Us filed Chapter 11 bankruptcy last year, with more than $5 billion in debt on its books. But soon afterward, it asked the bankruptcy court for permission to pay big executive bonuses. That sounds remarkable, but it's actually pretty common. We'll look at why. Plus: One in three American families has trouble affording diapers. We'll look at why.
Apr 10, 2018
04/09/2018: Would you pay for Facebook?
00:26:10
It's been a while since we've started this program by dissecting a presidential tweet. But with a whiff of trade war in the air, there's some good economic context to be had from that exercise today. At 6:03 in the morning, the president said, "When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that sound like free or fair trade. No, it sounds like STUPID TRADE - going on for years!" Believe it or not, the most important part of that whole thing was the last two sentences. We'll explain. Then: It's often said that if you aren't paying for a product, you are the product. The past few weeks at Facebook have been a stark reminder of that. So, with CEO Mark Zuckerberg set to testify before Congress tomorrow, we'll explore this model, other companies that use it and whether Facebook has any alternatives. Plus: Kai ended the trade war! He lost.
Apr 09, 2018