Marketplace

Weekdays 6pm
  • 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.

For program sponsorship information, contact Bill Leek at 254-710-4472.

Weekly Wrap: What Trump's tax plan tells us

Apr 28, 2017
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Kai Ryssdal

Nela Richardson from Redfin and Sudeep Reddy of Politico join us to discuss the week's business and economic news. This week, they talk about President Trump's tax plan. There are still a lot of questions surrounding it, but it aims to cut the corporate tax rate to 15 percent and would benefit the wealthy and corporations the most. Plus, we revisit Trump's comments on NAFTA.    

President Trump’s latest executive order seeks to open new federal waters for offshore drilling, but the most popular place for oil companies is decidedly land based – the Permian Basin in Texas.

Click the audio player above to hear the full story.

There was a common theme in some of the big tech earnings announcements this week: the cloud. Most of Amazon’s more than $700 million first-quarter profit came not from shipping books and electronics all over the globe, but from its Amazon Web Services business. Amazon was a pioneer in letting companies rent computer processing and data storage on its huge collections of internet-connected servers, but this week, Microsoft and Alphabet’s Google also reported growth in their cloud businesses. 

Click the audio player above to hear the full story.

A look at why first-quarter GDP is often lackluster

Apr 28, 2017

Today’s report of a tepid rise in first-quarter gross domestic product, by 0.7 percent, comes with an asterisk: There appears to be a recurrent pattern of low growth in first-quarter GDP going back years. Some economists argue it goes back decades.

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Andy Uhler

In the latest Marketplace-Edison Research Poll we asked people about a wall. The wall. Responses show that 57 percent of Americans think building a wall between the U.S. and Mexico would hurt the U.S. economy.

Workers who provide services to veterans and their families just took a pay cut

Apr 28, 2017
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Kai Ryssdal and Maria Hollenhorst

The standard line about the American military, be it from politicians, celebrities or bumper stickers is “Support our troops.” But hundreds of the people who do that by helping service members, veterans and their families in what are called Family Assistance Service Centers just took a huge pay cut because of a new federal contract.

What happens when government breaks the rules

Apr 28, 2017
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Eliza Mills

In government, as in life, things don't always go according to plan. Bills stall, disagreements cause gridlock, tax bills, like the one introduced this week by President Trump, are passed back and forth, changed and debated.

Things rarely run smoothly, and some sometimes, they're even dramatic. Congress can shut down the government. The Supreme Court can spend nearly a year with eight justices instead of nine.

Rules are broken and changed, and it affects everyone living in the U.S.

We asked what was stressing you out about the economy. You had a lot to say.

Apr 28, 2017
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Lizzie O'Leary and Hayley Hershman

This week, our Marketplace-Edison Anxiety Poll found that 18- to 24-year-olds were feeling pretty stressed about the economy. So we asked you to tell us about what was giving you anxiety.

People had a lot to say on the matter. Listeners called, emailed, wrote to us on Facebook and tweeted.

 

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Kai Ryssdal

Marketplace has been working on a new series since inauguration day called "The Big Promise." Based out of Erie, Pennsylvania, it's a look at how President Trump's policies and the promises he made are playing in a town where the economy is changing.

We were in Erie yesterday and took a swing by a bait shop called Presque Isle Angler Bait and Tackle. It's the kind of place where you can get your supplies: a couple of worms, some tackle and a cup of coffee, too.

04/28/2017: What a week

Apr 28, 2017
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Marketplace

Just ahead of his 100-day mark, President Trump had one of the bigger economic weeks of his young administration. This week had it all: Tax policy! Trade policy! A narrowly avoided government shutdown tied to the budget and health care! Plus, capping it all off, a lackluster GDP report. We'll try and figure out what it all means in the Weekly Wrap. Plus: Trump just signed an executive order allowing more drilling in the Atlantic and Arctic oceans with the premise it will create jobs. But with crude at $50, is that really going to happen?

President Obama signed offshore drilling bans for Arctic and Atlantic areas just before he left office, but President Trump's new executive order could cancel that.

Click the audio player above to hear the full story. 

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Jana Kasperkevic

Turns out, the "Fearless Girl" statue is not just a feminist symbol, it’s also generated millions in free advertising for the financial firm that commissioned it.

Apex Marketing crunched the numbers and found that since State Street Global Advisors installed the statue in early March, it has been worth $7.4 million in advertising, according to Bloomberg. All the tweets, selfies and news reports mentioning the artwork resulted in:

First-quarter economic growth numbers are out this morning, indicating that GDP underwent the slowest pace of growth in three years. We'll explore what the data points reveal about consumer and business activity. Next, we'll look at the local South LA economy 25 years after the infamous LA riots, which followed the acquittal of several white police officers who were caught on video beating the unarmed black motorist Rodney King. Today, some residents are enjoying a housing boom, but for many, economic conditions haven't improved since 1992.

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Tony Wagner

We started kicking the tires on a Make Me Smart book group a couple weeks ago, and today we're making it official.

The GDP first estimate for the first quarter is out Friday. President Trump has promised growth of 4 or even 5 percent; his treasury secretary just promised major economic growth in defense of the president’s supply-side tax proposal. But what, realistically, is the first quarter GDP likely to show? Economists are puzzling over a contradiction between what they call “hard” and “soft” data. Reports on consumer and business spending, industrial output — the “hard data — have been pretty mediocre so far this year.

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