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
A widening wealth gap isn’t good for democracy. Yet inequality has been on the rise for decades in the United States. So what does that tell us about the state of the republic? On today’s show, Atlantic staff writer George Packer walks us through some historical examples of when stark inequities led to revolution and reform — and boils down everything from the New Deal to collard greens.
A new report from the New York Federal Reserve confirms that Black-owned businesses have been having more trouble during the COVID-19 pandemic, and a lot of it comes down to relationships with banks. We’ll look at why those relationships are so important. Plus: pay disparities in the video game industry, CEOs put pressure on Congress and a view from a college campus preparing to reopen.
According to two indices, manufacturing is not only up but growing. It’s another sign things are reopening. Plus, President Trump wants the U.S. government to get a cut of any American deal with TikTok. And, research on hits to the health care industry and how that affects the wider U.S. economy.
President Trump is proposing bringing back the eviction moratorium and enacting a payroll tax cut all by himself, through executive orders. Is it that simple, though? Tyson Foods has a new CEO as the meat industry continues to struggle. And, we hear from the unemployed people in this country who still have not gotten their payments.
From the BBC World Service: The oil giant BP has reported a record quarterly loss of $6.7 billion. Plus, $3,500 fines for people breaching COVID-19 restrictions in Melbourne, Australia. And, Ghana offers Americans of African ancestry the opportunity to move.
It’s Election Day in a half-dozen states, and another opportunity for election officials to sort out just how to run elections in a pandemic. As roughly 8,000 jurisdictions prepare for November, one concern is cybersecurity and if their systems can withstand any kind of hacking. Some of these folks don’t have the strongest security background, so they need training on setting up things like secure passwords and two-factor authentication. To help, the University of Chicago created a program called Election Cyber Surge to connect election officials with cybersecurity experts. Kimberly Adams speaks with Maya Worman, the executive director of the initiative.
There’s a reason things cost what they do — sneakers, pizza, you name it. Businesses put a lot of thought into how much they charge, because they have to consider their behind-the-scenes costs. But you might put just as much thought into what you’re willing to pay — so in a way, you get the final word on whether the prices are right. This week on the show, we’ll talk about how we value the things we buy. Plus, two Dollar Scholars talk to each other about their saving and spending habits, and we’ll hear pastry chef Duff Goldman’s idea for a pizza rover. Don’t forget to send us your questions about money and your ideas for what businesses you wish existed at Marketplace.org/million!
Kimberly Adams is co-hosting the show this week with Molly Wood. We kicked off our Monday episode with a little perspective on the U.S. Postal Service. Plus, we try and unpack what exactly has been going on with TikTok over the past few days. For smiles, we’ll have an update on your favorite uncles and some cute alpacas.
That’s not exactly breaking news, but it’s important because more than 30 million people started facing their economic futures this week without an additional $600 a week in federal unemployment benefits. We’ll look at what that means depending on where you live. Plus: the inflationary and deflationary pressures on this economy, the disconnect facing students this fall and what’s going on with the White House, Microsoft and TikTok.
People around the world are less interested in holding U.S. dollars during the pandemic. But that might not be as bad as it seems. Plus, U.S. action on Chinese companies may go beyond TikTok. Democrats and the White House can’t agree on how to extend additional unemployment aid. And, amid calls for more police accountability, body cameras are getting more attention.
Last week, President Trump threatened to ban TikTok. Now, Microsoft says it’s in talks to take over the app’s U.S. operations. Where do things stand? Plus, Disney earnings this week. And, social impact investing is alive and well.
From the BBC World Service: U.S. tech giant Microsoft has confirmed that it is continuing talks to purchase the U.S. operations of Chinese-owned video-sharing app TikTok. Europe’s biggest bank, HSBC, sees profits plunge amid protests in Hong Kong, adding to COVID-19 pressures. And, two years on from a deadly bridge collapse in Genoa, the Italian city has inaugurated its replacement on the key transport route.
Video games have become a huge release for lots of people, especially the many who are entering their sixth month of some sort of coronavirus lockdown. Sales of video games are up 26% from a year ago. But online harassment has been a problem in gaming for years, and in June, dozens of women accused streamers — people who broadcast their gaming on Twitch or YouTube — of sexual harassment, abuse or assault. Now, a longtime video game activist is launching a hotline for people who play games or work in the games industry to get support. Molly speaks with Anita Sarkeesian, the executive director of the nonprofit media site Feminist Frequency.
James Murdoch, scion of News Corp. founder Rupert Murdoch, resigned from the company’s board of directors today, citing “disagreements over certain editorial content.” We’ll spend a little time today talking about what that means for Murdoch’s older brother, Lachlan, and the family’s media empire. Plus, somehow “Make Me Smile” keeps getting sadder. TGIF. As always, you’ll find links to everything we talked about on the episode page at makemesmart.org. You’ll also find a link to subscribe to our YouTube channel, so you never miss a live taping.
The Trump administration today announced a blockbuster, $2.1 billion vaccine-development deal with two drug companies, giving the United States dibs on 100 million vaccine doses. Hours later, the European Union struck a similar arrangement for even more doses. On today’s show, we’ll dig into fears around so-called “vaccine nationalism.” Plus: What’s going on with the economy (and whether Americans’ savings accounts are ready for it), how loss leaders work and the state of labor organizing in a pandemic.