Marketplace podcast

Marketplace

Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.

Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.

 

#50

Closer, but not there

Annual inflation, according to the consumer price index, fell to a multiyear low in August. That’s great, but we’re still half a percentage point away from the Federal Reserve’s 2% goal. What’s holding up prices? Also in this episode: Campbell’s wants us to know it sells more than soup, recession alarm bells are ringing — but maybe not for the reason you think — and will companies that already collect our data please stop sending us surveys? ... Read more

20 hrs Ago

28 MINS

28:28

20 hrs Ago


#49

Movin’ right along

Since 1970, Amtrak has run U.S. passenger rail service and — per a formal agreement with private railroad companies — those passenger trains get preference over cargo carriers on the tracks. But now, the Department of Justice says freight companies are breaking the rules. Also in this episode, more moving: New pipelines carry excess natural gas out of Permian Basin fields, programs that help families move into affordable housing assist with repairs too, and farmers pressure Congress to budge on the delayed farm bill. ... Read more

Yesterday

27 MINS

27:57

Yesterday


#48

The Fed’s last gut check

When the August consumer price index is released Wednesday, it’ll be the final major inflation report before the Federal Reserve’s policymakers meet next week, when they’re expected to cut interest rates. But how important is the CPI as a gut check this time around? Also in this episode, backup generators are too expensive for many older Texans who need them most, China makes electric vehicles that seem impossibly cheap, and U.S. leaders show interest in a sovereign wealth fund. ... Read more

09 Sep 2024

25 MINS

25:54

09 Sep 2024


#47

And in first place … Nevada!

The Inflation Reduction Act set aside $369 billion to invest in climate change programs and energy security two years ago. So far, when it comes to the percentage of IRA dollars claimed by state, Nevada ranks No. 1. In fact, the states that spent the most per capita last year aren’t Democratic strongholds either. In this episode, why Republican governors are leaning into clean energy. We’ll also hear from three “Marketplace” regulars about their jobs in the “analog” age, and dig into the August jobs report. ... Read more

06 Sep 2024

27 MINS

27:11

06 Sep 2024


#46

The economics of immigration

As the presidential race heats up, we’re sure to hear more about immigrants and how they affect the U.S. economy. In this episode, we break down immigration’s impact on housing, tax revenue, consumer spending and the labor market. Plus, 8 million student loan borrowers are in limbo while President Joe Biden’s SAVE plan is challenged in court. Also: Lots of small businesses can’t afford to hire, and energy storage batteries may be coming to an electric grid near you. ... Read more

05 Sep 2024

27 MINS

27:35

05 Sep 2024


#45

Who’s still hiring?

The job market is the tightest it’s been in over three years — but don’t freak out. There are still more open positions than there are job seekers right now. But some experts are stressing about what the labor market may look like in a few months. Would potential interest rate cuts influence job creation in 2025? Also in this episode: The services sector is looking better than manufacturing, U.S. war stockpiles have climate-friendly uses and we check in with a former restaurateur who pivoted to consulting. ... Read more

04 Sep 2024

27 MINS

27:22

04 Sep 2024


#44

Who can get Ozempic?

Nearly a quarter of overweight or obese adults in the U.S. have taken a GLP-1 — a class of weight loss drugs that includes Ozempic. But in some states, Medicaid doesn’t cover GLP-1s, though low-income Americans are more likely to be overweight or obese. In this episode: Who can access or afford this new medicine? Plus, striking hotel workers want higher pay and a return to pre-pandemic norms, the Federal Trade Commission is making it easier to cancel unwanted subscriptions, and the manufacturing sector is in a rut. ... Read more

03 Sep 2024

25 MINS

25:55

03 Sep 2024


#43

A turning point for the “vibecession”?

Consumers’ long-term economic outlook were a bit more positive in August, data from the University of Michigan shows. So if your in-laws were in a better mood on Labor Day than they were, say, on the Fourth of July, that could be why. In this episode, we get into why some Americans are feeling good about the economy while others still feel like they’re struggling to make ends meet. Plus, pediatricians have to make tough decisions about how many COVID-19 vaccine doses to purchase and new Department of Transportation rules require airlines to reimburse passengers’ costs for canceled and significantly delayed flights, no matter the cause. ... Read more

02 Sep 2024

29 MINS

29:00

02 Sep 2024


#42

Spending more, saving less

New data shows that while consumer spending is strong, Americans aren’t saving like they used to. But the pandemic made year-to-year comparisons a bit misleading. So are consumer habits normalizing after an unusual economic period, or should we be concerned that savings have taken a dip? Also in this episode: Some businesses prefer to operate on a “fiscal” calendar, public swimming pools try to stay afloat and corporate tax changes may be important in this year’s election. ... Read more

30 Aug 2024

26 MINS

26:00

30 Aug 2024


#41

A weaker dollar

Why is the U.S. dollar losing steam? The short version: Falling demand for the currency drags its value down. Since the Federal Reserve is likely to cut interest rates soon, investors aren’t racing to buy U.S. bonds. And you need U.S. dollars to buy U.S. bonds … you get the picture. In this episode, more on currency fluctuations — and why the dollar losing value isn’t all bad. Plus: Businesses investing in themselves drove up second-quarter GDP, China has a burgeoning black market for Nvidia semiconductors and human bodies make great compost. ... Read more

29 Aug 2024

28 MINS

28:07

29 Aug 2024


#40

Breaking Ground: Here’s what universal broadband access could look like

What if every American household and business had access to high-speed internet? That’s what the Broadband Equity, Access, and Deployment program, a federally funded project, aims to accomplish. As part of our “Breaking Ground” series, we visit a town in Kentucky that’s had universal fiber-optic internet connections since 2014, thanks to a cable utilities cooperative and Great Recession-era stimulus funding. Could McKee be a model for what the U.S. might look like if the BEAD program achieves its goal? ... Read more

28 Aug 2024

27 MINS

27:25

28 Aug 2024


#39

Breaking Ground: Bringing high-speed internet to every home in Kentucky

Roughly 200,000 Kentucky households lack internet access or are “underserved,” according to Meghan Sandfoss, executive director of the state’s Office of Broadband Development. It’s her job to open digital doors for all those residents, rural and otherwise — a tricky task that involves coordinating federal, state and local offices as well as internet service providers, nonprofits and engineers. In this episode, we’ll upack the process of hooking up homes to a fiber-optic network, including getting local buy-in, developing detailed maps and navigating environmental challenges. ... Read more

27 Aug 2024

29 MINS

29:11

27 Aug 2024


#38

Breaking Ground: How are fiber-optic cables made?

Bringing high-speed internet access to every U.S. household is one goal of the Bipartisan Infrastructure Law. To do that, we’re gonna need a lot more fiber-optic cables. Per the Build America Buy America Act, the $42 billion in federal funding designated for expanding high-speed internet access has to be spent on American-made cables and the optical fibers that make them up. So in this episode, we’ll visit a factory in Claremont, North Carolina, to see how they’re made and learn why the U.S. wants fiber prioritized over other ways to connect to the internet. ... Read more

26 Aug 2024

28 MINS

28:46

26 Aug 2024


#37

Libraries are still an internet lifeline

In this century, reliable internet access isn’t just a want — for many, it’s a need. The federal government is spending billions to bring broadband to underserved areas, but in the meantime, for residents of those hard-to-reach places, libraries are often the only place to access high-speed internet. In this episode, we visit an internet-providing library in rural Kentucky. Plus: Automakers expected a faster EV investment payoff, and prospective homebuyers play the falling-mortgage-rate waiting game. ... Read more

23 Aug 2024

26 MINS

26:42

23 Aug 2024


#36

Hotel, motel, affordable home?

For many old hotels and motels, the most reliable guests may be ghosts in the attic. Unfortunately, they’re not paying the nightly rate. Worse, many hotels with empty rooms are surrounded by communities suffering housing shortages. Instead of closing their doors, they’re being converted into transitional housing for low-income people with the help of nonprofit organizations. In this episode, we visit one. Plus, retirees feel financially stable while working Americans don’t, Fortune 500 firms fear AI and rural parents struggle with living in “child care deserts.” ... Read more

22 Aug 2024

26 MINS

26:35

22 Aug 2024


#35

Hey, it’s still job growth

The Bureau of Labor Statistics just revised its count of new jobs created between March of last year and March of this year. Although revisions are routine, this was a big one: 818,000 fewer than it initially calculated. In this episode, what the new numbers means for the labor market and the Federal Reserve. Plus, a pig farmer keeps tabs on the presidential race, retailers use “newness” to reel in shoppers, and the U.S. counties with the best and worst employment growth. ... Read more

21 Aug 2024

26 MINS

26:05

21 Aug 2024


#34

How homeownership got so out of reach

The gap between median household income and median income for homebuyers in the U.S. has been growing, putting housing affordability in its “worst spot” in the last 40 years, an economist told us. In this episode: How homeownership got so out of reach. Plus, a tax deduction business owners love expires in 2025, community colleges that are more training ground than stepping stone, and the debate over open-source AI. ... Read more

20 Aug 2024

26 MINS

26:05

20 Aug 2024


#33

Luxury beauty products have lost some of their glow

When consumers can’t afford what they used to, many are drawn to inexpensive luxuries. Take the so-called lipstick index: When the economy slumps, lipstick sales go up. So what does it mean, economically, that luxury beauty brand Estée Lauder reported sales were down 2% compared to last year? In this episode: shifting consumer beauty habits in the U.S. and China. Plus, everyone’s signing NDAs these days, convenience stores are upping their grub offerings and California fast-food workers got a major raise, but what about prices? ... Read more

19 Aug 2024

26 MINS

26:04

19 Aug 2024


#32

Campaign promises and what happens later

The presidential campaign has been full of economic promises. Do you pick the contender vowing to reduce food costs and invest in housing? Or the one promising more tariffs and oil drilling? Promises can become targets for the opposition, even if they have little chance of being carried out in their original form. Which leaves some voters wondering: Do policy goals pitched on the campaign trail matter? Plus: The insurance boogeyman creeps up behind condos and a Pennsylvania town navigates life without a coal plant. ... Read more

17 Aug 2024

29 MINS

29:47

17 Aug 2024


#31

Just keep spending

Even though unemployment has bumped up, retail sales are going strong. Consumers spent $7 billion more in July than in June, the Census Bureau reported. Food, clothing, appliances and other categories saw sales growth over 2023. In this episode, is all that spending the force that’s keeping our economy afloat? Plus, the pros and cons of “dual agency” in real estate transactions and why Atlanta Federal Reserve President Raphael Bostic counsels patience. ... Read more

15 Aug 2024

26 MINS

26:47

15 Aug 2024


#30

Time for the Fed to pivot?

For the first time in years, the consumer price index — one measure of inflation — fell below 3%. That’s good for Americans and the Federal Reserve, which has a dual mandate to maintain stable prices and maximum employment. But as inflation has chilled out, so has the job market. What can the Fed do about it? Also in this episode: Mars bets that America will keep snacking, the lag in housing inflation data, and one interest rate to rule them all? ... Read more

15 Aug 2024

27 MINS

27:35

15 Aug 2024


#29

Taking the temperature of small business

When you think “high prices,” you might think of stressed family budgets. But small businesses have to pay up too. Nevertheless, small-business optimism hit a two-year high last month, but it remains under the 50-year average. We’ll visit a boutique in New York and a bookstore chain in Georgia to get entrepreneurs’ on-the-ground perspectives. Also in this episode: New labor data could signal that interest-rate cuts are imminent, snack companies cook up Ozempic-friendly treats and Canada steps into the crude oil supplier spotlight. ... Read more

13 Aug 2024

28 MINS

28:02

13 Aug 2024


#28

The ol’ stock-bond balancing act

Last week, when the stock market took a tumble, some investors put their cash into bonds instead. Why? Well, we tend to think of the stock and bond markets as having an inverse relationship: when stocks do well, bonds do worse. But when the economy gets wonky, that relationship doesn’t necessarily hold. Also in this episode: Aging Chinatown residents struggle to pass the baton, consumers guess where the economy is headed next, and we ride an Amtrak train from Los Angeles to Portland, Oregon. ... Read more

12 Aug 2024

29 MINS

29:21

12 Aug 2024


#27

The politics of Fed independence

A lot of folks like to weigh in on what the Federal Reserve should do with interest rates; Donald Trump said this week that if he were to reoccupy the White House, he should have a say in setting monetary policy. But keeping the Fed free of political pressure is important for several reasons. We’ll get into them. Also: Oklahoma tribal nations fill a gap in federal food aid for kids, Oregon ranchers deal with major wildfire losses, and theme park attendance dips. ... Read more

09 Aug 2024

25 MINS

25:45

09 Aug 2024


#26

This back-to-school season, “value” is at the top of America’s shopping list

The back-to-school shopping season is well underway. But with stubborn high prices in this economy, how will parents get their kids ready without feeling financially burdened? Also: decoding quarterly earnings, what goes into pricing mortgage rates, and why airport food is so expensive. Plus: A projectionist remembers his reel life. ... Read more

08 Aug 2024

25 MINS

25:31

08 Aug 2024


#25

Has the Fed ever met its 2 goals?

Since the 1970s, the Federal Reserve has been officially tasked with a dual mandate: keeping prices stable and maximizing employment. But has the Fed ever found that sweet spot? It would be easier to answer if the economy wasn’t always in flux. Also: Disney’s streaming service posts its first profit, what we can learn from women entrepreneurs of the 19th century, and noise from a bitcoin mine haunts people in a rural Texas town. ... Read more

07 Aug 2024

25 MINS

25:36

07 Aug 2024


#24

Why we freak out when the stock market freaks out

How are people feeling about the economy after the dramatic drop in stocks? They’re “Googling the word ‘recession’ like crazy,” an economics professor told us. On the show today: Why perception is so important in economics. Also: The not-so-bad reasons for the higher unemployment rate, what the Google antitrust ruling could mean for Big Tech, and stealth shopping — hiding purchases from partners — is on the rise. ... Read more

06 Aug 2024

25 MINS

25:28

06 Aug 2024


#23

“Chaotic,” “volatile,” “tumultuous”

These aren’t words you want to hear about the stock market, but here we are. Global markets, including the major U.S. indexes, tanked today. Along with stocks, crude oil prices also took a hit. We’ll look at the causes and what might happen next. Also, the critical role of exporting services in this economy and a status report on a possible TikTok sale. ... Read more

05 Aug 2024

25 MINS

25:45

05 Aug 2024


#22

The information industry takes a hit

Job creation slowed sharply in July, the Labor Department reported today. One sector that took a hit is information and entertainment. That includes data processors, moviemakers, software publishers and — ahem — broadcasters and news websites. Do  those job losses signal a meaningful change or was it just an off month for the field? Plus, shipping rates may come down next year, the Spanish-language interpretation industry is expected to grow, and remember when cellphones had antennas? ... Read more

02 Aug 2024

25 MINS

25:47

02 Aug 2024


#21

Making more stuff without working more hours

Strong productivity growth last quarter coupled with recent wage growth means we’re generating more output and, at least to some extent, getting paid for it. In this episode, why productivity growth prevents a wage-price spiral. Plus, California wants to build an offshore wind turbine assembly plant, national economics impact national performance in the Olympics and equity-rich homeowners can’t do much with their housing wealth right now. ... Read more

01 Aug 2024

27 MINS

27:37

01 Aug 2024