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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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How the PGA Tour commissioner plans to grow golf's fan base

Apr 25, 2018

Jay Monahan took over as the PGA Tour commissioner in 2017 after spending a couple of years working closely with his predecessor. He talks to Marketplace host Kai Ryssdal about his plans to grow the fan base for golf, and why social media and a big play for the month of August, have to do with it. What follows is an edited transcript of their conversation. 

Kai Ryssdal: A little bit of nomenclature here right. You run the PGA Tour which is not the PGA, the Professional Golfers Association.

The PGA Tour commissioner wants to see your selfies

Apr 25, 2018

Golf is hundreds of years old, and even today, it’s known more for its traditions than memes. And that makes for a tricky proposition for Jay Monahan, the newish PGA Tour commissioner. “Five years ago, when you came to a PGA tournament, we didn’t let you bring your cellphone on site," he said. Monahan talks with us about bringing social media onto the green, competing against other sports like football and what it’s like when your biggest stars are essentially freelancers.  

04/25/2018: The real reason the markets are nervous

Apr 25, 2018

(Markets Edition) The 10-year Treasury yield remains above 3 percent, which some are blaming for our market decline. We'll talk with Susan Schmidt, senior portfolio manager at Westwood Holdings Group, about why this narrative might be wrong. Afterwards, we'll look at the connection between high gas prices and SUV/pick-up truck sales, and then we'll visit Midland, Texas, to find out why the region — one of the richest in the nation — has schools that consistently rank among the poorest in Texas. 

U.S. automakers could be headed down a rocky road

Apr 25, 2018

For years, low gas prices fueled sales of SUVs and pickup trucks, and low interest rates made it easier for car buyers to trade up every time some shiny new technology came along. But with gas prices and interest rates rising, and tariffs on imported aluminum and steel driving up costs, automakers are facing an uncertain future.

Click the audio player above to hear the full story. 

(U.S. Edition) As the U.S. increasingly looks to Europe as a model for how to regulate internet companies, we'll look at how Europe is cracking down on one popular communication tool. There's word Whatsapp, which allows you to text and make voice and video calls using encrypted Wi-Fi, will cut off kids under 16. Afterwards, we'll talk to Zanny Minton Beddoes — editor in chief of The Economist — about how she thinks liberalism should adapt to the needs of the 21st century.



Found Furnishings is a second-hand furniture store in what locals call “old Midland.”

Kristen Covington, the owner, grew up in the area and went to public schools in the Midland Independent School District. She and her husband have kids age 2 and 5, and education weighs on her mind a lot. 

(Global Edition) From the BBC World Service … The fifth time might just be a charm for Japanese drug maker Takeda in its bid to buy Shire. What’s the Irish company’s big allure, and how much is Takeda willing to pay? Then, the yield on the 10-year U.S. Treasury note is at 3 percent for the first time in four years. How does it impact you, and why does that level matter? Afterwards, today marks three years since Nepal was hit with a series of deadly earthquakes. We’ll take you to Kathmandu where one architect thinks he has the answer for making more indestructible buildings. 

When Nepal's twin earthquakes hit three years ago, entire Himalayan villages disappeared beneath tons of earth and rock. Hindu temples dating back to the 10th century shattered into shards of carved wood and stone. Urban glass and steel buildings toppled.

But seven miles from the first epicenter, a three-room public school — built to demonstrate local earthquake-proof techniques — was still standing amid the national ruin of 9,000 fatalities and 800,000 homes destroyed.

The Economist magazine celebrates its 175th anniversary this year. The publication, according to current editor-in-chief Zanny Minton Beddoes, was founded to espouse "classical liberalism," or the belief that open societies, freer trade and the preservation of individual freedom are important to modern progress. 

But the rising popularity of protectionist policies in the United States, the United Kingdom and other countries has led Minton Beddoes to reevaluate liberalism's role in the world. 

Political campaigns want your data. At least that’s what the Facebook and Cambridge Analytica scandal taught us. But data isn’t just a factor in presidential politics. Local campaigns collect lots of data as well, and that data needs to be secured. Marketpalce Tech host Molly Wood spoke with Marketplace’s Kimberly Adams about what kinds of information smaller campaigns have. 

When you’ve got a little extra money to work with — or a lot — what do you do with it? Maybe you stuff it under the mattress. Maybe you try to invest it and put it to work. Or maybe you spend it on yourself and some important people in your life. That last option is what many American companies seem to be doing with their cash hoards these days:returning it to investors via stock buybacks and dividends. What else could that money be doing?

Click the audio player above to hear the full story. 

EU is unhappy with U.S. steel and aluminum tariffs

Apr 24, 2018

When the United States imposed tariffs on steel and aluminum imports last month, the European Union and a handful of other key allies got a temporarily exemption that expires next week. China was not granted an exemption and took its case to the World Trade Organization. This week, the EU has decided to join that complaint, as have Russia, India and others.

Click the audio player above to hear the full story. 

Advertisers are not leaving Facebook any time soon

Apr 24, 2018

Ads and consumer data are Facebook's financial lifeblood. Yet, after all of the recent controversies  and #deletefacebook campaigns, are advertisers concerned that users will abandon the platform for greener — and more reputable — pastures?

60: "The great lie at the heart of the criminal justice system"

Apr 24, 2018

When Robin Steinberg and David Feige were public defenders in New York, they saw thousands of clients — often poor people of color — stuck in jail because they couldn't make bail for minor offenses. They started the Bronx Freedom Fund to pay that bail and help people stay in their jobs and with their families while awaiting their day in court. Now they're going national with The Bail Project. We talked with the husband-and-wife team about the economics of criminal justice reform. First though, this week's news fixations: the bond market and (yes, more!) privacy on Facebook.

People who live in crowded urban areas often complain about car traffic and wring their hands over how much it costs in lost productivity. But congestion itself is also a sign of thriving economic activity. Perhaps no city complains as bitterly about traffic as the so-called car capital, Los Angeles. However, there was a time not so long ago when residents used to boast you could get anywhere in the city in 20 minutes.

“I heard it and I trusted it at least in the first decade of driving that I did,” said Michael Alexander, who grew up in LA.