Marketplace Morning Report

We call ourselves “Marketplace,” so part of our job is exploring how marketplaces work, in all their forms. Come with me as we visit five markets, all in the near-orbit of this program’s world headquarters in Los Angeles. None are financial markets in a formal sense, but all markets are financial markets in a way, right? My goal was to learn from the experts the right and the wrong moves in places where humans buy and sell face to face. This is “Tricks of the Trade,” a Marketplace special. What we can learn from the pros at five marketplaces.

Stock, dollar and cryptocurrency buyers may have calmed down from their initial excitement over Donald Trump’s re-election. But bankers are still in a party mood, says JPMorgan Chase CEO Jamie Dimon. He made that comment yesterday at a global forum in Peru, where leaders of major economies have gathered. Also on the program: U.S. jobless claims hit a six-month low, and South Korea’s TV and film industry faces significant challenges.

At Marketplace, it’s our job to explain how marketplaces work. This week, we’re turning from traditional stock and financial markets to the in-person kind. For the final installment of our new “Tricks of the Trade” series, we learn how to hunt for the best fruit and vegetables at the Santa Monica farmers market. But first, how South Korean auto giant Hyundai is preparing for the Trump administration.

From the BBC World Service: The European Parliament has voted to delay and water down a proposed ban on importing commodities like cocoa and soy linked to deforestation. But chocolate companies aren’t happy. Also: “Squid Game” Season 2 is on the way. But as fans await its release, Korea’s film and TV producers say their industry is facing a “serious crisis.” We visit the set to find out what’s at stake.

Republicans will lead the House of Representatives, the Senate and the executive branch, giving President-elect Donald Trump considerable leeway to push through his tax, immigration and trade agendas. It also means the biggest U.S. trading partners need to adjust. “Marketplace Morning Report” host David Brancaccio spoke with The Economist’s editor-in-chief, Zanny Minton Beddoes, about what’s to come. Also on today’s program, an FBI raid on the home of Polymarket’s CEO and a new congestion pricing plan for New York City.

At Marketplace, it’s our job to explain how marketplaces work. This week, we’re turning from traditional stock and financial markets to the in-person kind. For the fourth installment of our new “Tricks of the Trade” series, we wake up in the wee small hours to see what’s fresh at San Pedro Harbor’s fish markets. Plus, we’ll look at why the cost of driving is going up.

From the BBC World Service: The ribbon-cutting is taking place today at the Port of Chancay — a Chinese-built megaport on Peru’s Pacific coast, that could transform regional trade. But will those investments come with any geopolitical risks? Plus, we hear from the first recipients of climate change compensation.

According to the latest CPI numbers out on Wednesday, prices rose 0.2% in October and were 2.6% higher than they were a year ago. But wage growth continues to outpace inflation. As Americans are seeing a rise in disposable income, we’ll look at how it’s helping drive a significant improvement in consumer confidence and spending. Also on the show, we’ll explain the role federal income tax has traditionally played in the federal budget.

There are few details yet of the structure of a new entity the incoming Trump administration is calling the Department of Government Efficiency, or DOGE. But we do know Elon Musk and Vivek Ramaswamy will help run it. Plus, for the third installment of our “Tricks of the Trade” series, we head over to the LA jewelry and gemstone district.

From the BBC World Service: This year is on track to be the warmest on record according to the UN’s World Meteorological Organization and extreme weather is having a significant impact on the grapes grown for wine production. Plus, the electric vehicle maker Rivian has linked up with Germany’s Volkswagen. And can Bitcoin’s value continue to soar?

According to new research from Zillow, nearly 90% of would-be homebuyers say it’s important to find a house with at least one “climate-resilient feature,” like a flood barrier, seismic retrofitting or a water catchment system. More listings are starting to highlight those features, too. But first: what a stronger dollar means for the U.S. economy and where bitcoin prices stand after the election.

At Marketplace, it’s our job to explain how marketplaces work. This week, we’re turning from traditional stock and financial markets to the in-person kind. For the next installment of our new “Tricks of the Trade” series, we visit The Original Los Angeles Flower Market to learn from experts about the do’s and dont’s in the floral business. Plus, we hear about a consequential climate case from The Netherlands.

From the BBC World Service: Oil giant Shell has won a landmark case in the Dutch courts, overturning an earlier ruling requiring it to cut its carbon emissions by 45%. Plus, China shows off its latest military hardware at a major aviation show. And, were some Spanish businesses slow to realize the dangers of the country’s recent devastating floods?

Veterans own about 5.4% of businesses in this country, generating more than $900 billion in revenue. Those who have served are pretty good at starting and running businesses, thanks to the skills they learned in the military. We’ll hear more. Plus, how U.S. fiscal policy will fare under a second Trump term and what a GOP-controlled Congress would mean for tax policy.

At Marketplace, it’s our job to explain how marketplaces work. This week, we’re turning from traditional stock and financial markets to the in-person kind. As part of our new “Tricks of the Trade” series, we’re heading to five different markets in LA. Today, we’re taught how to navigate The Rose Bowl Flea Market by a pro. But first, we’ll look at how president-elect Donald Trump’s fiscal policies could impact government finances.

From the BBC World Service: China’s annual shopping bonanza offers attractive discounts to tempt shoppers to spend big, but will the price cutting work? Then, the latest COP international climate conference is getting underway and comes as projections suggest this year will be the hottest ever recorded. And later, facing population decline, Croatia’s government is trying to encourage people who’ve left the country to return home.

Gen Z has come of age in a pandemic, lived through its first spike in inflation and was raised in the shadow of the Great Recession. Gen Zers also have 86% less purchasing power than than baby boomers did at their age. And the issue of affordability was on their minds when they headed to the polls. Also on today’s program, we’ll delve into immigration and the future of inflation.

The Federal Reserve cut its short-term interest rate by a quarter of a percentage point yesterday. At his briefing, Fed Chair Jerome Powell stayed away from politics, despite the freshness of the news of Donald Trump’s decisive victory. But many of Trump’s proposals could affect the central bank’s interest rate policy. We dig in. Plus, a look at Trump appointments and a view on how European investors are moving money.

From the BBC World Service: China has unveiled measures worth $1.4 trillion to tackle a mountain of local government debt, as Beijing steps up plans to support its slowing economy. Then, an increasing number of people in France are opting for a mixed lifestyle — part city job and part farming. Plus, the COP29 climate conference in Azerbaijan gets underway on Monday but has been overshadowed by a scandal over fossil fuel deals.

This was a breakout moment for companies taking bets on the election’s outcome. Betting markets got attention for their early predictions of a victory by former President Donald Trump, while traditional polls were showing a tossup. We’ll hear more. Plus, why the U.S. dollar may grow stronger, how Trump’s immigration policies could impact the labor market, and why a Fed rate cut today may not bring mortgage rate relief.