Marketplace Morning Report - podcast cover

Marketplace Morning Report

Marketplacewww.marketplace.org
In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.

Episodes

Paying out of pocket for breast cancer screenings

If doctors can catch breast cancer early enough, the chances of survival are about 90%. In order to catch it early enough, women over the age of 40 usually get annual mammograms, paid for by their health insurance. Roughly half of those women have dense breast tissue that requires additional screenings, however, which aren’t always covered by insurance. Also: a record-high stock market and the state of the economy surrounding the Strait of Hormuz.

Jun 27, 20259 min

Swiping left on dating apps

Romance apps are struggling to get dates right now. Bumble says it’s laying off nearly a third of its employees. Since the company’s launch of its stock in 2021, stock prices have fallen about 90%. We'll hear how changing habits and economic uncertainty are factoring in. Plus: where the Senate version of the big tax and spending bill stands and a trip to Georgia, where farmland and solar panels are coexisting.

Jun 27, 20257 min

Beijing confirms progress in trade talks with Washington

From the BBC World Service: A White House official said the talks lay the groundwork for expediting rare earth shipments from China to the U.S. Then, the 12-day war between Iran and Israel brought intense focus on a key waterway, the Strait of Hormuz. How has the conflict affected a region so dependent on the Strait? And, European leaders have been gathering in Brussels to decide on a common negotiating position toward the Trump administration.

Jun 27, 20257 min

The fight over job training for younger people

A federal judge has stopped the Labor Department from halting operations at the federal Job Corps program, which gives teenagers and young adults training in trades like construction and car repair. We'll hear about the costs of the program — and the potential costs of cutting it. Plus, economic growth has been revised downward, and a new report finds that home ownership costs are uncomfortably high in nearly 80% of U.S. counties.

Jun 26, 20257 min

Who comes next?

The Wall Street Journal is reporting that President Donald Trump is thinking about announcing his pick to replace Federal Reserve Chair Jerome Powell as soon as this fall, months before Powell’s term is over. Plus, the national price tag for health care is expected to reach more than 20% of GDP by 2033, even as Congress considers significant cuts to what taxpayers spend on health care for vulnerable Americans. And later, what is a "shadow fleet"?

Jun 26, 20257 min

Could Japan's rice crisis be easing?

From the BBC World Service: In good news for Japanese consumers, rice prices have fallen to their lowest level in two months. That's after a shortage of the country’s staple food, caused by a poor harvest and increased tourist demand. Then, Zimbabwe has moved forward with compensation payments to white farmers whose land was seized during a controversial land reform program more than 20 years ago. And, business leaders are in China for the country's annual economic forum.

Jun 26, 20257 min

Abortion funds face financial squeeze 3 years after Roe was overturned

This week marks three years since the Supreme Court’s Dobbs decision, which struck down Roe v. Wade and paved the way for tighter abortion restrictions across the country. Now, grassroots abortion funds that help people travel to states where the procedure is legal are facing difficult financial times. We'll hear more. But first: Home-building costs and mortgage rates are still high, and China encourages more international trade during the World Economic Forum's annual conference.

Jun 25, 20257 min

Higher electricity demand means higher electricity investment

Two sounds across much of the country this morning: the AC grinding away and the ticking up of your electric bill. With hotter temperatures and AI-driven data centers drawing so much power, investors are putting money into the power industry. Global investments in electricity could reach 50% more than what’s spent on bringing coal, natural gas, and oil to market. Plus, Fed Chair Jerome Powell testified before the House yesterday, and FIFA’s Club World Cup isn’t generating as much hype as hoped f...

Jun 25, 20257 min

NATO leaders set to support Trump defense spending target

From the BBC World Service: We start today's show in the Netherlands, where President Donald Trump is for the NATO Summit. Most European countries have agreed to up their defense spending to 5% of GDP, though Spain has been less forthcoming. Then, India's dark stores deliver to online shoppers in just 10 minutes. What's the impact on retailers? And, demonstrators protest the lavish wedding of Jeff Bezos in Venice by throwing inflatable alligators into some of the city's iconic canals....

Jun 25, 20258 min

Big changes could be coming for student loan borrowers

Currently, if you or your kids get into college and don’t have the money to pay for it, you can borrow however much you need from the federal government to cover tuition and living expenses. If the tax cuts and budget bill working its way through Congress passes, that won’t be the case anymore. Plus, some oil experts aren't worried about the Strait of Hormuz and Fed Chair Jerome Powell heads to Capitol Hill.

Jun 24, 20257 min

Why Wall Street isn't betting on a wider war in the Middle East

The situation in the Israel-Iran war is fluid, with Israel accusing Iran of violating a ceasefire that President Donald Trump had announced late yesterday. Israel is vowing firm retaliation. Players in financial markets continue to take a wait-and-see position. We'll discuss the state of play. Also on the program: a preview of consumer confidence and a look at why defense is front and center at this week's NATO summit.

Jun 24, 20257 min

Oil prices volatile after broken ceasefire accusations

From the BBC World Service: The price of Brent crude oil has fallen to $69 a barrel, despite a statement from Israel saying that it has identified missiles launched from Iran earlier this morning, something Iran has denied. Israel had announced it had agreed to a U.S.-brokered ceasefire with Iran earlier today, causing the oil price to drop 15% from a high of $81 a barrel yesterday. Plus, Google comes under pressure and a tariff deadline looms.

Jun 24, 20257 min

Are federal cuts threatening food safety?

Last week, a listeria outbreak linked to ready-to-eat meals sold at Walmart and Kroger led to hospitalizations and three deaths. Major DOGE cuts targeted administrative and communications staff at food safety agencies, and some experts worry there could be further weakening of America's food safety systems. We'll hear more. But first: We'll give an update on oil markets and the Middle East, and learn about the work left to do on the big tax and spending bill.

Jun 23, 20257 min

"Markets are sort of holding their breath"

In the wake of President Donald Trump’s decision to bomb Iranian nuclear facilities and the continuation of missile exchanges between Iran and Israel, stock, bond, and oil markets are in a holding pattern. This morning, we'll unpack how financial markets are responding to war headlines. Plus, the big tax and spending legislation includes a ban on state AI regulation and would override more than 100 local laws already on the books.

Jun 23, 20257 min

Geopolitics and oil prices

From the BBC World Service: We're tracking volatility in global oil prices following U.S. attacks on Iran over the weekend. There's a renewed focus on a key oil transport waterway, the Strait of Hormuz, which Iran’s parliament voted to shut down. U.S. Secretary of State Marco Rubio has also called on China to influence the situation there. Plus, the Spanish city of Seville carried out a pilot project naming heat waves to raise public awareness and better prepare local economies.

Jun 23, 20257 min

Yet another reprieve for TikTok

A bipartisan law slated to kick in in January would have required TikTok's Chinese owner, ByteDance, to sell the app to an American company or be banned. But the Trump administration delayed the law's implementation for a third time this week. We'll unpack how we got here and chart the app's path forward. Plus: how one U.S. shoemaker is planning to shift the balance from imports to domestic production.

Jun 20, 20257 min

So you wanna green your investment portfolio

Divestment is often credited with helping end apartheid in South Africa. So can divestment from fossil fuel businesses similarly help make a difference when it comes to climate and the environment? This morning, we're joined by Amy Scott, host of Marketplace's "How We Survive" podcast , to discuss. But first: plans to cut funding for financial literacy and consumer education at the CFPB and headwinds for the consulting industry....

Jun 20, 20257 min

Pain in Spain for Airbnb

From the BBC World Service: Vacation rental giant Airbnb has lost its appeal against the Spanish government, which ordered the platform to block 66,000 listings from the country. We'll hear more about how the country is being strained by and dealing with mass tourism. Plus, Greenland's government wants to extend a minerals deal signed by President Donald Trump during his first term. Then, can automation help boost U.S. shoe production?

Jun 20, 20257 min

Black-owned businesses weather yo-yoing support

Following the murder of George Floyd, the social justice movement it accelerated led to a wave of support for Black-owned businesses — from consumers, banks, and big corporations. But a lot of that support has faded away. Today, we'll hear how small business owners have grappled with the ebbs and flows. Plus, as films and television shows opt to film in places like Georgia or New York, businesses in Los Angeles say the move away from Hollywood is hitting their bottom line.

Jun 19, 20257 min

On reparations: How much is owed Black Americans today?

Last month, Marketplace's Mitchell Hartman visited Tulsa, Oklahoma, where he reported on the history of the area's “Black Wall Street” and its destruction during the Tulsa Race Massacre more than a century ago. The city's mayor recently announced a $105 million reparations plan. Tulsa joins a number of localities addressing the racial wealth gap, but if addressed federally, the sum would have to be closer to $16 trillion. We'll hear more. But first: how to tell how factories are navigating tarif...

Jun 19, 20257 min

Will he or won't he?

From the BBC World Service: Oil prices influence the prices of many goods that we buy. Now, mixed signals from President Donald Trump about whether to get involved in the conflict between Israel and Iran are causing volatility in global oil prices and adding to overall economic uncertainty. And, we'll look at how key industries in Thailand are feeling about the prospect of steep U.S. tariffs.

Jun 19, 20257 min

Financial markets are steady at the moment, despite geopolitical tensions

Financial markets are strangely calm so far this morning, given — among other things — continued hostilities between Israel and Iran. As the trading day gets underway, there's been no sign from the White House about whether the U.S. would take military action against nuclear facilities in Iran. We'll try to get a sense of the market. Plus, sometimes taking a vow of poverty is easier said than done. From Marketplace's "This Is Uncomfortable," we'll learn all about a nun's finances....

Jun 18, 20257 min

Why a Colorado mental health provider turned down an ICE contract

Contractors provide legally required services for people detained by Immigration and Customs Enforcement. These include medical care, where providers are trying to navigate the administration's assertions that detainees do not have rights to normal due process. Today, we hear about a mental health facility in Colorado that decided not to take this business. Also: a big win for cryptocurrency businesses in the Senate and a look at the horror movie economy.

Jun 18, 20256 min

How tariffs are hitting the Japanese auto sector

From the BBC World Service: Japanese vehicle exports to the United States dropped by almost a quarter last month amid the fallout from President Donald Trump's new tariffs. Tokyo has been seeking relief from the 25% U.S. import taxes on foreign-made vehicles, but no agreement has been reached despite a series of high-level talks. Plus, we hear how French wine producers are reacting to the uncertainty around tariff talks.

Jun 18, 20257 min

A touch of Trump in every phone call

The Trump Organization, the president’s family business, is getting into mobile phones. The company is promising a new wireless service — called Trump Mobile — and releasing a new, gold smartphone. The Trump Organization says the phone will be made in the U.S., but industry experts are skeptical about whether that’s even possible. Also on the show: how one sneaker broker turned his hobby into a full-time job.

Jun 17, 20257 min

Making the concert-going experience more sustainable

First, we'll take a closer look at Senate Republicans' version of the mega tax and spending bill, which differs from the House-passed version on some flash-point issues. Then, we’ll discuss a new study examining the impact of traveling to music events from Reverb, a nonprofit working to create a more environmentally friendly music industry. It finds a lot of interest among music lovers in more sustainable transportation options. But is the infrastructure there?

Jun 17, 20257 min

China’s biggest EV maker BYD speaks out over tariffs

From the BBC World Service: Chinese carmaker BYD has been slashing prices at home to dominate the market. BYD only relatively recently expanded into international markets and, last year, sold more electric cars worldwide than Tesla. This all has existing established manufacturers in Europe and elsewhere very worried. Plus, we'll head to Spain to hear how the country's olive oil and Iberian ham producers are thinking about American tariffs.

Jun 17, 202510 min

Markets respond to immigration policy and trade policy differently. Should they?

Despite continued protests over immigration policy, President Donald Trump in an online post yesterday directed immigration enforcement to deport more people in the country illegally, specifically those in major cities like Los Angeles, Chicago, and New York. Today, we're continuing to track what more restrictive immigration policy could cost the U.S. economy. But first: What's the biggest risk to the economy right now? The Federal Reserve has to decide.

Jun 16, 20257 min

The color of the day is gold

Nippon Steel’s deal to buy U.S. Steel finally crossed the finish line. But there's an unusual aspect to the arrangement: a so-called "golden share," which gives presidents a stake in the merged companies and considerable power. Plus, a website is now live for President Donald Trump's “gold card" visa, intended to attract wealthy individuals. And later, we look at what's behind the bipartisan push to revive American shipbuilding.

Jun 16, 20257 min

Oil prices in flux as tensions rise in the Middle East

From the BBC World Service: The price of oil is in flux as fears ease over a wider war in the Middle East. There have been days of missile strikes between Israel and Iran, and crude jumped by as much as 13% on Friday after Israel hit Iranian military and nuclear sites. Prices have since fallen back. We'll hear more about the market movements. Plus, the inaugural direct flight from the U.S. to Greenland touched down this weekend.

Jun 16, 20257 min
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