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
With just a few hours left of July, the dollar is set for its biggest monthly decline in a decade. Analysis finds that Black and Latino workers are having their state unemployment claims rejected at disproportionately higher rates, compared to white workers. And, the fight to save bananas from extinction.
From the BBC World Service: The eurozone saw its largest contraction on record with declines of more than 10% each in Germany, France, Italy and Spain. Life after lockdown for a restaurant group in Lithuania. Airlines worry travel restrictions are stifling passenger demand.
Amazon has taken a big step to build out a network of satellites to beam high-speed internet service to underserved areas. Plus, there’s concern from some, namely Republican lawmakers, that expanded jobless benefits keep people from returning to work. A Yale study this week finds that’s not the case. And, fewer people are staying at hotels during the pandemic, and layoffs have followed.
There are new tools to help with online learning, but a recent report from Common Sense Media and Boston Consulting Group found that at least 15 million students in the United States lack either a device or internet access, and 9 million kids lack both. Those disparities are worse in rural communities and Black, Latinx and Native American households. Hundreds of thousands of K-12 teachers also lack hardware or internet access. Molly spoke with Elizabeth Gettelman Galicia, vice president for policy at Common Sense Media.
After failing to agree on and pass a new pandemic relief bill, the U.S. Senate appears to have officially recognized July 2020 as National Blueberry Month. That sounds a least a little productive … until you remember July ends Saturday, and so does the extra $600 weekly unemployment benefit millions of Americans rely on. You know it was a tough day when even “Make Me Smile” makes us cry.
We expected a bad GDP report today, but that doesn’t make the historic contraction easier to swallow. Ditto for the 17 million continuing unemployment claims for the week ending July 18. Today, we’ll dig into what it all means for the economy. Plus: defining “disinflation,” the economics of the NBA’s Florida “bubble” and Ron Howard talks about “Rebuilding Paradise.”
In the April-to-June pandemic quarter, GDP contracted at an annual rate of nearly 33%. And, at the regional level, economic activity declined far more in areas reliant on sectors like manufacturing and tourism. Plus, how Quebec is trying to help its local businesses stay afloat.
Democrats and Republicans appear no closer to reaching a deal on a coronavirus relief bill. What does Fed Chair Jerome Powell think about that? Plus, strong second-quarter earnings expected for Amazon. And, what utility PG&E can expect from a deal with Tesla.
From the BBC World Service: Germany saw a large drop-off in consumer spending and in its vital export sector. China’s Huawei takes Samsung’s crown as the world’s biggest smartphone seller. Kenya’s flower industry starts to blossom again.
This week on “Marketplace Tech,” we’re reporting on the innovations that will help us transition to a post-pandemic future. One of those innovations has been waiting in the wings for a long time: robots. Robots can do jobs that are too dangerous for humans or just make life a little easier while offering companionship during quarantine. Molly Wood speaks with Ayanna Howard, a roboticist and professor at Georgia Tech. She says the pandemic has been a boost for robotics of all types.
We’re tackling a deeply important question on this Whadda Ya Wanna Know Wednesday: What’s everyone snacking on in quarantine? Let’s compare notes. Plus, we’ll answer some other listener questions about the coronavirus relief bill and how weirdly hard it is to unload your extra coins. For a list of everything we talked about today, check out the episode page at makemesmart.org.
Today the CEOs of Apple, Google, Facebook and Amazon faced a (virtual) grilling from lawmakers over a whole slew of issues. We’ll run down everything you need to know about that, plus the latest from the Federal Reserve. Later, we’ll look at big retailers’ Black Friday plans, why a gap year isn’t an option for most college students and how some Americans are faring at the end of the month.
CEOs of four of the world’s most powerful companies are testifying before Congress today. Investors consider more second-quarter earnings reports, including those for GM and Boeing. And, you’ll be able to watch Universal Pictures movies at home sooner after their releases thanks to a new deal with AMC.
People of color are almost twice as likely as white people to be worried about how to pay for care if they get COVID-19, according to new research. Plus, just how bad the pandemic has been for big automakers. And, the former writers and editors of Deadspin return with a new company and business model.
From the BBC World Service: The French government has launched a crisis distillation scheme to deal with an oversupply of wine. Turkey has new social media laws. Saudi Arabia expects major losses with fewer people at the Muslim hajj pilgrimage.