Summary: Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
Home construction ticked up in January. What coronavirus and a jump in the price of acetaminophen in India mean for the world’s largest generic drug exporter. Plus, a look at economic equality through the “veil of ignorance.”
L Brands prepare to sell control of Victoria’s Secret at a $1.1-billion valuation. ViacomCBS reports its earnings for the first time since a December merger. And the Beatles teach us something about taxes and unintended economic consequences.
From the BBC World Service… EU leaders meet to work out the bloc’s budget, without the $10 billion contributed by the UK. Acetaminophen prices jump 40% in India. Plus, gold trading is removed from the UK’s official trade statistics.
Host Molly Wood spoke with Mark Scott, chief technology correspondent at Politico, about the potential rules that Europe wants to put in place that might, Scott says, shape the way the digital ecosystem will be for the next decade. Specifically, they spoke about what this means for Facebook CEO Mark Zuckerberg in an era when his company has been subject to lots of antitrust investigation.
Two in 10 American workers are in the service industry. As part of “The United States of Work” series, we’re following a bartender in Portland, Oregon, and a hair stylist in Boise, Idaho. Plus: sinking toy sales, new producer price index numbers and what it’s like to build your own house.
The European Union issues proposed rules on artificial intelligence that will have far-reaching implications for tech giants like Facebook, Google and Amazon. The rise in home-building permit applications shows developers are confident about the future. How social media is helping fuel coronavirus fears. Plus, Photoshop has changed the media landscape over the last 30 years, for better and worse.
China says coronavirus cases are falling, and that’s probably thanks to residents near the outbreak’s epicenter forgoing travel. Black homeownership ticks up slightly, but it’s still way lower than it should be. Plus, a primer on Michael Milken, the former “junk bond king” whom President Trump just pardoned.
From the BBC World Service…The European Commission is expected to unveil new proposals for more oversight over tech giants like Google, Facebook and Amazon. Plus, how do perceptions of risk factor into the impact of events like the coronavirus outbreak?
SoftBank’s $100 billion Vision Fund started pumping a lot of money into the tech startup scene around 2018, but it has lost billions in recent months after the WeWork IPO disaster, disappointing returns from Uber, other SoftBank backed companies announcing layoffs or shut down. Now, SoftBank Group is apparently putting in billions of its own money to try to keep Vision Fund Two going. Molly Wood spoke with Paul Kedrosky from SK Ventures about what she called a burble in the startup economy.
At least, according to New York Times reporter Conor Dougherty. We talk with him about the affordable housing crisis, local government and his new book “Golden Gates.” Plus, listeners weigh in on BlackRock and the “Internet der Dinge,” and we celebrate our 150th episode.
There are 164 million people making this economy go. We don’t have room on our show to profile the entire workforce, but this year we’re going to follow 10 of them in a new series, “The United States of Work.” We’re starting with Michael, a New York-based accountant. Plus, how the COVID-19 outbreak is affecting Apple and Nintendo earnings and a look at the booming market for hard seltzer.
We’re getting the first official numbers on the coronavirus’ impact on global business. The Boy Scouts of America face bankruptcy amid hundreds of lawsuits over sexual abuse. Plus, some credit cards are offering great perks with commensurate annual fees.
Apple says coronavirus fears have affected the supply and demand of its products. HSBC is cutting 35,000 jobs in a restructuring. Homebuilders are still looking for workers in this tight labor market. Plus, the NBA follows the NFL and MLB in its push to gain fans in Mexico.
From the BBC World Service… HSBC is set to axe 35,000 jobs worldwide. Singapore sets aside more than $4 billion to deal with the economic impact of the COVID-19 outbreak. Plus, how coronoavirus restrictions on Chinese travelers have impacted U.K. tourism.
Last week, the Federal Trade Commission said it would examine hundreds of past tech deals to see if they were hurting the competitive landscape. Big tech companies buy a lot of startups, either to acquire technology or to get their hands on hot engineering talent — a system that benefits venture capitalists. In fact, mergers and acquisitions is by far the most common way for VCs to make back their money and then some. If the FTC puts a damper on deals, it could be a problem. Molly Wood spoke with Paul Kedrosky, an investor with SK Ventures, and he said folks are stressing.