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.

Trump to pick the next Federal Reserve chair

Oct 18, 2017

President Donald Trump confirmed to reporters in the Rose Garden that he has narrowed his search for the next Chair of the Board of Governors of the Federal Reserve System to five candidates. Trump said yesterday that he “likes them all” and will decide within a “fairly short period of time” who his pick will be.

Janet Yellen’s term as Fed chair ends on February 3, 2018.

Marketplace host Kai Ryssdal talked to Ben White, chief economics correspondent at Politico about Trump’s Fed Chairman pick.

The stock market has been on quite a run since the election. The workings of the Federal Reserve have indeed had an impact on the economy, investors and companies. But recent comments from the Treasury secretary suggest that continued stock successes hinge on tax reform. Most Wall Street analysts will tell you something quite different.

Click the audio player above to hear the full story.

While that sounds like an opportunity he wouldn't pass up, President Donald Trump is reportedly considering five economists for Fed chair, including current Chair Janet Yellen. Politico's Ben White takes us through the list of potential candidates, weighing them against what Trump is looking for: someone he can relate to and influence, and someone who won't raise rates as he enters the re-election period. All eyes should really be on China right now, where the Communist Party Congress opened today.

They are at it again. Millennials are breaking down yet another workplace taboo: talking about salaries. Americans 18 to 36 years old said they discuss their pay with their family, friends and co-workers, according to a new survey from The Cashlorette, a Bankrate company.

(Markets Edition) The markets keep hitting new highs. Is this bullish sentiment or are actual profits pushing these stock prices? Susan Schmidt from Westwood Holdings Group stopped by to discuss earnings season, in which the big banks have reported better-than-expected earnings. Afterwards, we'll go back 30 years to revisit the markets when they weren't doing so well. On Oct. 19, 1987, the stock market suffered its biggest single-day drop in U.S. history, and it turns out that in 2017, our regulatory system and circuit breakers might not be enough to prevent a similar decline.

Tim O'Reilly, founder and CEO of O'Reilly Media, says financial markets are almost like rogue artificial intelligence, but it doesn't have to be that way. Then: FCC Chairman Ajit Pai finally says no, you actually can't take away a broadcast license (Mr. President). Finally, "The Lego Ninjago Movie" producer Daniel Lin answers our Make Me Smart question. 

A job isn’t always just a job – sometimes it is a way of life. This story is part of a series exploring what it means when jobs define several generations and are part of the very fabric of a community.

On the shore of Deadfish Lake on the reservation of the Fond du Lac Band of Lake Superior Chippewa this fall, Ed Jaakola and Jerrad Ojibway scooped handfuls of wild rice from the bottom of their canoe into big plastic bags.

Can we get a critical mass of women in tech within a decade?

Oct 18, 2017

Silicon Valley has a gender problem, one that many of the largest technology companies have said they want to fix. But how do you hire more women if they've already been discouraged from pursuing tech and engineering when they were in school? And how do get young women and girls interested in coding before they start their careers if they don't see other women in those jobs already?

(U.S. Edition) President Xi Jinping delivered a big speech today to kick off China’s Communist Party Congress, which happens twice a decade. We'll look at the economic policies Jinping is expected to focus on during the event. Afterwards, we'll speak with author Diana Henriques about Black Monday, the stock market's biggest single-day drop in U.S. history. She shares some of the lessons that America still needs to learn from that event. 

Xi urges stronger Chinese stand against "grim" challenges

Oct 18, 2017

BEIJING (AP) — Chinese President Xi Jinping on Wednesday urged a reinvigorated Communist Party to take on a more forceful role in society and economic development to better address "grim'' challenges facing the country as he opened a twice-a-decade national congress.

Speaking in the massive Great Hall of the People near Tiananmen Square, Xi laid out his vision of a ruling party that serves as the vanguard on everything from defending national security to providing moral guidance to ordinary Chinese.

Here's why we shouldn't forget about the crash of '87

Oct 18, 2017

On Oct. 19, 1987, the stock market dropped 22.6 percent.

In other words, that's twice as bad as the worst day of 1929, worse than any single day in 2008 and the equivalent to the Dow dropping 5,000 points now.  

10/18/2017: A 'new era' for China's economy

Oct 18, 2017

(Global Edition) From the BBC World Service ... Revitalizing the Chinese economy has been a key part of President Xi Jinping’s leadership, but some say those efforts have come up short. Can his promise of a “new era” in Chinese politics fire up the nation’s growth engine? Afterwards, we’ll discuss the rural and urban divide in Shanghai and why upward mobility is so difficult to achieve there.

10/18/2017: Imagining romance with a robot

Oct 18, 2017

Ever since we started imagining robots, we’ve pictured them looking like humans. There are researchers who think androids are going to a part of our future. They’re developing robots that could become our caretakers, best friends and maybe even our lovers. Marketplace Tech’s Molly Wood talks with author Alex Mar, who profiled a designer who studies human intimacy and interaction with robots.

China wants nothing to do with America's trash

Oct 17, 2017

America is known for it's large trade deficit with China. But the United States does have a surplus of one particularly smelly export — trash. Erica Phillips of the Wall Street Journal wrote about this unusual trading relationship in her piece "Oh, Scrap: China, the Biggest Buyer of America’s Trash, Wants No More." Erica talked with Marketplace host Kai Ryssdal about China's changing attitude towards American scrap.  

10/17/2017: China's done doing our recycling

Oct 17, 2017

At America's largest ports in Los Angeles and Long Beach, bales of plastic and paper are piling up. Once upon a time, they would have been packed and shipped to Asia, where they'd be turned into consumer goods and shipped back. But China has plenty of its own recycled materials now to sustain the manufacturing of goods, leaving the U.S. with a big problem: where's it all going to go?