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.

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With the recent "Brexit" vote causing turmoil in the world's markets, Britain's finance minister George Osborne is trying to calm U.K. citizens. 

His efforts to stop people from panicking contrast with his rhetoric prior to the referendum. Osborne warned that a vote for Brexit would lead to a cataclysm, causing him to introduce an emergency budget, hike taxes and make spending cuts. 

Click the above audio player to hear the full report. 

 

The hidden fallout of Brexit

Jun 24, 2016
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Andy Uhler

Wall Street's head is still spinning from the Brexit, but the fallout is short-term. We spoke with experts who said U.K.'s split from the European Union will have us talking about what this means for businesses and the global economy for the next decade.

Fiona Hill, director of the Center on the United States and Europe at the Brookings Institution

Currency traders take a wild ride during Brexit

Jun 24, 2016

Foreign currency traders spent the night glued to their screens as the results came in that U.K. decided to leave the European Union. Yra Harris is a Chicago-based veteran trader who shares his experience trading the pound during the Brexit vote.

Click the audio player to listen to his story.

The future of the Bank of England's governor

Jun 24, 2016

On today's show, we'll talk about a drop in the value of the British pound following the recent Brexit vote; David Cameron's decision to step down as prime minister; and whether the governor of the Bank of England, Mark Carney, will remain in his position. 

What U.S. leaders have to say about Brexit

Jun 24, 2016
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Greta Hallberg

The final votes were tallied early Friday morning and the U.K. voted to leave the European Union, rattling global markets. Here are the official statements about the news from major U.S. players:

The Federal Reserve:

What you should do when the markets go crazy

Jun 24, 2016
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Kim Adams

Prepare for a lot of red today. Global markets are down in response to the U.K. referendum to leave the European Union. Some traders are saying they haven’t seen volatility like this since 2008, which can be a lesson for individual investors.

When markets go crazy, investors seeing sharp declines in their retirement or other accounts might feel the urge to sell and cut their losses. Jennifer Myers, a financial planner and president of Sagevest Wealth Management in Virginia, warned that people shouldn’t panic.

A look at Brexit's impact on Asia

Jun 24, 2016
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Rob Schmitz

As it became clear overnight that Britain will be leaving the European Union, markets in Asia were the first to react. In Seoul, markets tumbled nearly 4 percent. The stock markets of Hong Kong and Shanghai were down. 

And in Japan, the Nikkei was down 8 percent. Stocks in the country suffered their worst day in five years.

At the start of the day, the yen was trading at 106 to the dollar — that dropped to 99 to the dollar as global investors sought a safe haven for their money, said Gavekal Dragonomics’ Arthur Kroeber.

Some still optimistic in the face of Brexit vote

Jun 24, 2016
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Marketplace staff

The U.K. has decided to leave the European Union, casting uncertainty over immigration, trade and the world's financial markets. "Leave" voters won 52 percent to 48 percent, according to our partners at the BBC. 

But despite the turmoil that global markets and "Remain" voters  are currently facing, some business leaders are still projecting enthusiasm about the region's future. 

Brexit vote rattles markets

Jun 24, 2016
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Kim Adams

Global markets are already reacting to the decision by U.K. voters to leave the European Union. The “Leave” voters won by a tiny margin in Thursday’s referendum, edging out those who wished to remain in the political and economic union by just a few percentage points.

That came as a surprise to many, according to Michael Hewson, chief market analyst at CMC Markets in London.

“The betting markets had really been banking on a 'remain' vote," he said. "Certainly the direction of travel for equity markets and the pound had pretty much been a one-way bet all of this week.”

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Marketplace

On today's show, we'll talk about the United Kingdom's decision to leave the European Union, with special coverage from London, Asia and Wall Street. 

Marketplace Tech for Friday, June 24, 2016

Jun 24, 2016
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Marketplace

On today's show, we'll talk about Twilio's first day of trading on the New York Stock Exchange. Plus, we'll play this week's Silicon Tally with Katie Notopoulos, a senior editor at Buzzfeed. 

What's the mood in London after the Brexit vote?

Jun 23, 2016
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Kai Ryssdal

Polls in the U.K. are now closed on the referendum vote that determines if the nation will exit the European Union. We won't know the results for a few more hours, but Marketplace's Stephen Beard checks in from London about how people are feeling now that the vote is over, the role weather has played and Wall Street's initial reaction.

Click on the audio player above to listen.

 

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Amy Scott

The Supreme Court ruled Thursday that the University of Texas can continue to consider an applicant’s race as one of many factors in its admissions decisions.  The 4-3 ruling came as a bit of a surprise. The majority opinion was written by Justice Anthony Kennedy, who had never before voted to support race-conscious admissions.

“The decision is a home run for the University of Texas and a grand slam for higher education,” said Terry Hartle with the American Council on Education.

S01-5: “Pregnant? We can help.”

Jun 23, 2016
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Karen Clark and Caitlin Esch

When Brandi David discovered she was pregnant, she knew she wanted an abortion. Brandi was a graduate student at the time and didn't feel ready to be a mother. She wasn't sure where to go for help. But then she remembered a billboard at a busy intersection in South Bend, Indiana that she had driven by many times. It said: "Pregnant? We can help." So she called the number.

What happened to Brandi next... well, that's what brings us to Indiana--the last stop on our cross-country trip where we investigate how states spend federal welfare dollars. 

What's behind tech companies' pledge to diversify

Jun 23, 2016
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Nancy Marshall-Genzer

More than 30 tech companies have signed a pledge to increase diversity among their workforces, including some big names like Spotify and Pinterest. The companies say they’ll recruit and retain more diverse workers, publish data on how many women and minorities work for them, and invest in partnerships to build a pipeline of diverse tech talent. 

“Our goal around hiring is to hire 30 percent women software engineers,” said Candice Morgan, head of diversity at Pinterest.

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