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  • Hosted by Kai Ryssdal

Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us."  Hosted by Kai Ryssdal, award-winning Marketplace is public radio's daily magazine of business and economics. Marketplace takes a fresh approach to business news covering  listeners from wallet to Wall Street. 

The Hankamer School of Business at Baylor University and Mc Lane Intelligent Solutions are local sponsors of Marketplace on KWBU.

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Chart of the day: Consumer spending is up

19 hours ago

Average daily spending ticked up slightly last month, according to Gallup. Throughout the month, surveyors asked Americans how much they spent yesterday, excluding bills and major purchases. 

Italian Prime Minister Matteo Renzi resigns

19 hours ago
Kai Ryssdal

The Italian Prime Minister Matteo Renzi resigned today after losing a referendum on government control of the country’s economy yesterday. About 60 percent of Italians voted against a plan for constitutional reform favored by Renzi.

Carrier to raise commercial prices

20 hours ago
Kai Ryssdal

Even though President-elect Donald Trump pushed Carrier to prevent 1,000 jobs from being exported from their plant in Indianapolis, it's likely that their parent company, United Technologies, may still move jobs to Mexico.

Why clothing sizes are all over the map

20 hours ago
Mitchell Hartman

Listener Caren Johannes of Westminster, Colorado, emailed this question to Marketplace: “I’ve always wondered how clothing manufacturers figure out what sizes of clothes to make. I’m very short and I have a terrible time finding clothes, as do many of my relatives and friends.”

President has some broad powers when it comes to trade

21 hours ago
Sabri Ben-Achour

President-elect Donald Trump has made many promises about what he'll do once he's president when it comes to trade.  He's doubled down on some of them — for example over the weekend he tweeted that companies that move production out of the U.S. could face a 35 percent tax on the things they want to sell here. But what can a president actually do?

For example, Trump has talked about renegotiating The North American Free Trade Agreement (NAFTA). Could he do that without Congress?

The Valley's Problem with Empathy

21 hours ago
Kai Ryssdal and Adhiti Bandlamudi

The tech giants of Silicon Valley constantly look for the next move that changes the way we live. And while these advancements are groundbreaking, it can shift a system that already existed, affecting the jobs and livelihoods of people embedded in that system. In a world of algorithms and technological processes, the customer at the end of that process is sometimes reduced to a number or statistic. 

Annie Baxter

The controversial Dakota Access pipeline has been halted for now. The Army Corps of Engineers denied a permit for the oil pipeline to pursue a route near the Standing Rock Sioux Reservation, amid protests from the tribe, which was worried about potential water pollution. But other groups, such as opponents to fossil fuel, hoped to thwart the project as part of a bigger strategy. They're trying to delay new pipelines and other fossil-fuel infrastructure projects until renewable energy sources can be competitive.

What it means to be a futurist

22 hours ago
Kai Ryssdal and Bridget Bodnar

Given the pace of change in the tech industry, sometimes it’s hard for companies to know just which trends to chase. One person they might turn to for answers is Amy Webb, a futurist.

Marketplace for Monday, December 5, 2016

Dec 5, 2016
Annie Baxter

On today's show: President-elect Trump has talked a lot about changing trade deals and tariffs, we take a look at how much a president can actually change U.S. trade policy with just the stroke of a pen.  Also, why blocking the Dakota Access pipeline is likely to remain a victory for its opponents only until the Trump administration takes office. Lastly, have you ever wondered how apparel companies decide sizes for clothing? We have answers. 

ExxonMobil CEO could be next Secretary of State

Dec 5, 2016

On today's show, we'll talk about the effects of Sunday's Italian referendum on the markets; claims that China manipulates its currency; reports that ExxonMobil's CEO, Rex Tillerson, is being considered for Secretary of State; and the Bay Area's shortage of affordable housing.

Trump's 35% tax

Dec 5, 2016
Kai Ryssdal and Andrea Seabrook

Over the weekend, Trump called for a 35 percent tax on products sold by any U.S. business that moves jobs out of the country. Kai and Andrea discuss Trump's proposal and what it would take for him to get it done. Got questions about politics and your economy? Tweet them to us @Marketplace, @KaiRyssdal, and @RadioBabe. 

Bay Area fire highlights region's housing issues

Dec 5, 2016
David Brancaccio

Authorities in Oakland, California caution that the number of casualties in Friday's concert fire could rise significantly. Thirty-six people who were in the warehouse are known dead. The building was dubbed the Ghost Ship, a structure where some people reportedly lived amid makeshift electrical gas and plumbing lines. 

The investigation has only begun, but there are already discussions about Silicon Valley-driven real estate prices that drive some residents into marginal structures.

Universal basic income could become reality

Dec 5, 2016
David Brancaccio

One big idea is re-emerging as automation and software take over many jobs formerly held by humans. It's called universal basic income, a policy in which all citizens would get money from the government. There are already a number of experiments going on around the world based on universal incomes. 

Marketplace's senior economics contributor Chris Farrell explains why this concept is returning to the discussion table.

On why economic conservatives are seriously discussing the idea of a universal income:

Surprise. China is not a currency manipulator

Dec 5, 2016
Sabri Ben-Achour

President-elect Donald Trump is wrong when he says China is holding its currency down. According to the U.S. Treasury Department, China is not a currency manipulator.  It may have been in years past, but for the past two years or more, economists have observed that China is — if anything — propping its currency UP, not holding it down. In the words of one economist, China is "doing the U.S. a favor."

Click the above audio player to hear the full story. 

Italy referendum casts uncertainty on country's banks

Dec 4, 2016
David Brancaccio

Italian voters have defeated a referendum on constitutional reform by a wider than expected margin — 59 percent of them said "no." Italian prime minister Matteo Renzi plans to resign, with new elections likely to begin by early spring, if not earlier.