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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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President Donald Trump signed the National Defense Authorization Act today. It calls for around $700 billion in defense spending for fiscal year 2018. That would blow right through the spending caps Congress agreed to back in 2011. Congress has to vote to modify those caps, if it wants to spend this much money on defense. And it’s not clear Republican leaders have the votes to do that.

Click the audio player above to hear the full story. 

In the aftermath of CVS’ $69 billion deal to buy health insurance giant Aetna, the company wants to turn its MinuteClinics into health care hubs where people can get even more of their basic needs met. But what would it take for this to happen? And since we can’t go one day without talking taxes, we discuss the Treasury Department’s one-page analysis of the bill with Politico’s Ben White.

When child care worker Kimberly Nunez woke up one morning with her eye swollen from a sty, she called her doctor. 

“The doctor wasn’t in that day,” she recalled. “When I called they just told me to go to urgent care or somewhere where they could handle it.”

Nunez decided her best option was a CVS MinuteClinic in Philadelphia.

“No calling, no nothing. Easy. It’s very convenient. It’s always a second option,” she said.

CVS is hoping its latest move will make it a first option for more consumers.

An impossible race, and why Italians love this particular shade of red

Dec 12, 2017

In her new book, "The Secret Lives of Color," Kassia St. Clair chronicles the origin stories of a rainbow of colors, dyes and shades. In this occasional series, we'll highlight some of the hues featured in her book and the unusual stories behind them. Today, she tells the story of how rosso corsa, a particular shade of red, came to be Italy's national racing color.

The race to fill Jeff Sessions’ Senate seat is about to come to an end. Sessions was sworn in as the new attorney general at the beginning of February. Today Alabama voters will choose his replacement. The two candidates — Democrat Doug Jones and Republicans Roy Moore — have spent the last few months on the campaign trail and have remained tied in the polls till the very end.

12/12/2017: The great Amazon-Walmart rivalry

Dec 12, 2017

(Markets Edition) Lawmakers are meeting tomorrow in the hopes of reconciling the House and Senate versions of the tax bill. We'll recap some of their key differences, which include controversy over state and local tax deductions. Afterwards, we'll discuss why stores still see a need for glossy catalogs, and then look at where both Amazon and Walmart stand in the retail war.

It's striking just how unpopular the tax overhaul has become.

Taxes aren’t the only topic under debate in Congress right now. Today a committee in the House takes up a comprehensive bill to rewrite the federal Higher Education Act. The process is expected to take months … and could affect everything from how students pay for college to campus free speech.   

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(U.S. Edition) Not many people are on board with the GOP's plan to overhaul the tax system. Less than a third of Americans like it, according to several polls —  including one from Reuters. But there is one group that's excited about it: small businesses. Juanita Duggan, president and CEO of the National Federation of Independent Business, explains why. Afterwards, we'll look at how countries outside of the U.S. are reacting to the plan. Germany, the U.K., France, Spain and Italy say parts of the emerging tax plan could violate World Trade Organization rules.

Holiday catalogs boost online sales

Dec 12, 2017

Most of us do our holiday shopping online, but those catalogs keep coming. That’s because stores see a role for the glossy catalogs.

Click the above audio player to hear the full story.

(Global Edition) From BBC World Service … Two years after the Paris climate accord was signed, how much progress has been made? French President Emmanuel Macron thinks President Trump will bring the U.S. back into the deal. Influential think-thank The Rand Corporation is predicting any break with the European Union will hurt the British economy. But they say there is one outlying scenario which could bring benefits to the U.K., EU and the U.S. Plus: Would you like to receive $665 per month for doing absolutely nothing?

The FCC is poised to overturn net neutrality this week. One possible alternative to get online? Municipal broadband. San Francisco, Seattle, and Boston are all looking into it as an alternative to traditional internet providers. Marketplace Tech host Molly Wood talked with Christopher Mitchell, director of Community Broadband Networks for the Institute for Local Self-Reliance, a nonprofit that advocates for sustainable community development, about how city-provided internet would work. Below is an edited portion of their conversation.

The FCC is poised to overturn net neutrality this week. Part of that conversation is about competition – what if an internet provider becomes too expensive or provides poor service? San Francisco, Seattle, and Boston are promising municipal broadband as an alternative. What would that look like and how much would it cost? On this episode of Marketplace Tech, Molly Wood talks with Christopher Mitchell, director of Community Broadband Networks for the Institute for Local Self-Reliance, a nonprofit that advocates for sustainable community development.

12/11/17: Such a bubblicious economy

Dec 11, 2017

We’ve all heard bitcoin is volatile, risky, quite possibly a bubble. So why then the demand for bitcoin futures? We take a look at what happened during yesterday’s bitcoin futures trading launch. And in Saudi Arabia, a ban on movie theaters has been lifted, ushering in what is predicted to be a $24 billion cinema industry to offset the economy’s dependence on oil.

The Environmental Protection Agency has announced 21 new places to be deemed Superfund sites, areas with toxic pollution around the country. Being added to the Superfund list means federal officials oversee the cleanup. Yet the White House budget proposal includes a 30 percent cut for the Superfund program.