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Marketplace Morning Report

APM: Marketplace

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.

Location:

United States

Description:

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.

Language:

English


Episodes
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The Supreme Court, tribes and online gambling

6/21/2024
In a flurry of recent U.S. Supreme Court decisions, the Justices’ lack of action on one case is a major victory for the tribal gaming industry. The court left in place an agreement between the Seminole Tribe of Florida and the state of Florida, and left the door open for tribal nations to expand into online gaming. We’ll delve into the impact. And we’ll also examine how immigration policy has shaped the U.S. economy.

Duration:00:07:59

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The latest on that potential TikTok ban

6/21/2024
TikTok’s Chinese parent company, ByteDance, has six months to divest or the U.S. plans to ban the app for national security reasons. But in a new court filing, ByteDance calls the U.S. government’s demands unconstitutional and says government officials have refused to seriously negotiate for two years. Also, AI comes for banking jobs. And later, what if your deepfake was circulating halfway across the world in China?

Duration:00:08:07

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Kenyans push back against new taxes

6/21/2024
From the BBC World Service: Kenya’s government has been forced to drop some of its plans for new taxes, but widespread protests are continuing over its controversial finance bill. We’ll hear about the government’s intent behind the proposed new taxes, as well as which policies have now been scrapped. Also, what does a British court judgement on the climate impact of oil projects mean for future developments?

Duration:00:06:53

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The extra long lag of the Fed’s interest rate hikes

6/20/2024
In the U.S., the Federal Reserve has decided to keep rates elevated for a year now. The Fed’s goal is to hit a 2% inflation target, but that last mile has been difficult. And part of it has to do with how we are able to lock in debt at times of lower rates in the U.S. We’ll discuss. We’ll also hear about RV sales, then the Europe and China’s tit-for-tat trade battle.

Duration:00:07:11

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When each state has “its own unique cannabis industry”

6/20/2024
Cannabis is now legal — for medical or recreational use — in 38 states, plus D.C. But marijuana remains illegal at the federal level, meaning there are stringent rules governing the transportation of cannabis. That can leave some parts of the industry stranded, sometimes on literal islands. Today, we travel to Martha’s Vineyard to hear how those hurdles have impacted one dispensary. Plus, a look at fossil fuel use and the effort to reopen a criminal case against Boeing.

Duration:00:07:35

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China goes tit for tat on tariffs

6/20/2024
From the BBC World Service: Chinese carmakers are urging Beijing to slap import taxes of up to 25% on some European cars, following the European Union’s confirmation that it will place tariffs of up to 38% on electric vehicle imports from China. Then, global fossil fuel use and carbon emissions hit record highs last year, despite growing energy production from wind and solar. And charities are worried about the impact of some G7 governments’ slashing foreign aid budgets.

Duration:00:09:00

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Support has waned for the Buy Black Movement

6/19/2024
One effort in trying to narrow the racial wealth gap is by supporting Black-owned businesses. That effort grew in 2020 amid racial justice protests after the murder of George Floyd, but where do things stand now? We check in. Plus, Brooklyn’s Long Time Tattoo is a queer Asian American Pacific Islander run tattoo collective that’s helping create an inclusive space for clients, other tattoo artists and the wider community.

Duration:00:07:19

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Black entrepreneurship and closing the racial wealth gap

6/19/2024
Part of the of the racial wealth gap is a gap in business ownership. Today, we’re joined by Kezia Williams, CEO of the Black upStart, a national initiative and curriculum for Black entrepreneurs, for a conversation about some of the hurdles Black business owners face and efforts to close the gap. Also on the program: A new study finds that expanding early childhood education could be well worth the investment.

Duration:00:08:19

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Amazon U.K. staff vote on union representation

6/19/2024
From the BBC World Service: Amazon could be forced to recognize a trade union for the first time in the United Kingdom, as staff at its warehouse in Coventry, England, begin consulting with the GMB general trade union union ahead of a July vote. Also: An Afrobeats track has become the first of the genre to break one billion streams. We’ll explore the genre’s rapid growth.

Duration:00:07:48

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Another bad day for Boeing

6/18/2024
Yet another Boeing whistleblower is set to testify at a Senate hearing this afternoon, citing a failure to properly track defective parts in the company’s factories. Plus, the tragedy of errors and shortcuts that led to last year’s Titan submersible implosion.

Duration:00:08:21

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Closing a $50 billion tax loophole for the wealthy

6/18/2024
The Treasury and IRS announced a new initiative Monday to close a tax loophole for wealthy people that could raise more than $50 billion in revenue over the next decade. Plus, the evolving economics of “gayborhoods” in U.S. cities.

Duration:00:06:34

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Putin heads to Pyongyang

6/18/2024
From the BBC World Service: Russia’s Vladimir Putin is visiting North Korea and its leader Kim Jong Un for the first time in 24 years, as the pair look to deepen their relationship in the face of international isolation. And: Wildfires forced tens of thousands of people to evacuate the Greek island of Rhodes last year – now there’s a focus on how to make tourism more sustainable.

Duration:00:07:10

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The Fed says one thing, investors hear another

6/17/2024
Wall Street investors bet on extra rate cuts this year, in spite of Fed predictions that there will be just one. Plus, Megabus parent company Coach USA has filed for bankruptcy after ridership dropped during the pandemic and failed to recover. And for Baltimore firms, work on the Francis Scott Key Bridge reconstruction is personal.

Duration:00:07:54

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Is it time to treat social media like cigarettes?

6/17/2024
Surgeon General Dr. Vivek Murthy has called for cigarette-style warning labels aimed at young users of social media platforms, citing social media’s significant contributions to the mental health crisis among adolescents. Plus, a surge in secondhand shopping among consumers, and a look inside the world of gender-affirming vocal coaching.

Duration:00:08:38

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French President launches election campaign amid challenge from far right

6/17/2024
From the BBC World Service: Emmanuel Macron has kicked off a fortnight of frenetic election campaigning as he gambles everything to stave off a big challenge from the far right. German sportswear giant Adidas is investigating what it calls ‘potential compliance violations in China’ after reports that senior managers at the Chinese branch allegedly received bribes from suppliers. The European Soccer Championship has kicked off and it offers significant branding opportunities — this year, Nike is outspending its rivals, securing 37.5% of the visibility with nine team deals.

Duration:00:08:52

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Why the global supply chain cracked under COVID

6/14/2024
Four years ago, the pandemic sent the world economy into disarray. Panic buying led to widespread backlogs, with shipping gridlocks so bad you could see them in satellite images. It all revealed a troubling reality: Our global supply chain is incredibly fragile. Where did things go wrong? We discuss. Also, Tesla shareholders voted to restore CEO Elon Musk’s pay package valued at $44.9 billion, so let’s talk about how CEO pay gets determined.

Duration:00:08:16

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The financial war between Israel and the Palestinians

6/14/2024
Israel is withholding $35 million in tax revenues from the Palestinian Authority, which provides limited self-governance for the Palestinian people in the West Bank. The move threatens to worsen an already dire financial situation there, even as a war devastates Gaza, the other Palestinian enclave. Plus, big questions linger following the end of a strike at University of California campuses. And Wells Fargo fired some employees for “fake working.”

Duration:00:08:08

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Scams target Hajj pilgrimages

6/14/2024
From the BBC World Service: Every year, more than a million Muslims from around the globe make a pilgrimage in Mecca. But there’s a lucrative trade in fake permits, and the number of scams has caused raised concerns for Saudi authorities. Then, Thailand scraps a planned $8 tourism fee for visitors arriving by air. And Virgin Australia is set to allow dogs and cats to fly in the main cabin of its planes.

Duration:00:08:11

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Smaller races are drawing big campaign bucks

6/13/2024
Federal campaigns get much of the spotlight, but state and local races can be as consequential for residents’ lives. Funders know that. Today, we’ll trace some of this year’s campaign spending behind state elections, local elections and ballot initiatives. We’ll also hear about a G7 plan to use seized Russian assets to help Ukraine. Plus, inflation for wholesalers was negative last month. What’s a central bank to do with that?

Duration:00:06:51

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The disappearance — and reimagination — of the gay bar

6/13/2024
Gay bars are often a fixture of queer nightlife and can help foster a sense of community. Yet across the country, gay bars have shuttered at an alarming pace, down around 45% between 2002 and 2023. But queer nightlife isn’t disappearing — it may just be evolving. We’ll hear more. But first: Interest rates are staying where they are, so where do we go from here?

Duration:00:09:11