Marketplace on WCAI

Weekdays at 6:30pm
  • Hosted by Kai Ryssdal

In-depth focus on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. The only national daily business news program originating from the West Coast, Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance.

http://www.marketplace.org/

President Donald Trump has long promised to declare the opioid crisis in America a national emergency, freeing up more federal resources to fight the epidemic. Today turned out to the be the day. At the White House this afternoon, the president directed acting Health Secretary Eric Hargan to declare a public health emergency under the Public Health Services Act. The declaration comes with no new money. It does cut some red tape to help more people get treatment and frees up other sources of funding. 

Click the audio player above to hear the full story.

China sets course for a "moderately prosperous" economy

Oct 26, 2017

Chinese President Xi Jinping was installed for another entirely expected five-year term by the Communist Party Congress this week. And in the course of a three-plus hour speech to open the Congress, Xi said something that hasn't gotten much notice here, but is all over the Chinese press: He wants to build a moderately prosperous society. Bearing in mind that China's now the second-biggest economy in the world, and, as such, its fortunes are our fortunes, the idea of a "moderately" prosperous society doesn't really sound like something to aspire to.

Playing every role in "Hamilton"

Oct 26, 2017

If you are running a business, this is a good problem to have: Your product is crazy popular, enough that word of mouth is basically the only advertising you need. People are willing to pay top dollar, and demand is through the roof, even two years after it launched. Of course, with such success comes a desire to scale to maximize your reach, which presents its own challenges.

The NAACP is advising African-American travelers to watch out for American Airlines.

The civil rights organization has compiled accounts of "disturbing incidents," including a case involving two traveling companions who showed up with first-class tickets. The white passenger was allowed in first, while the black passenger got bumped down to coach.

(Markets Edition) Amazon will soon provide a delivery service where employees will unlock your door and drop off packages when you aren't home. And this isn't a pilot project: it'll roll out in 37 cities next month. We'll look at how this whole thing will work and how much it'll cost you. Afterwards, we'll chat with Diane Swonk from DS Economics about what we can expect from tomorrow's third-quarter GDP report, and then  discuss news that the FCC might make it easier for media companies to own more news outlets in the same local market.

 

Now Amazon wants to leave a package inside your house

Oct 26, 2017

You’ve maybe noticed more packages piling up at people’s doorsteps as we buy more stuff from companies like Amazon. Now comes Amazon Key, a service that allows delivery people to open your front door and drop that package inside while you’re gone. Sounds sketchy, but it’s starting in 37 cities next month. 

Click the audio player above to hear the full story.

Restrictions on electronic devices carried by travelers coming from some countries have been rolled back. But now U.S. officials are requiring any person traveling to the country be subject to new, tighter screenings. 

Click the audio player above to hear the full story.

(U.S. Edition) You might encounter even longer lines at the airport starting today. Any person traveling to the U.S. will be subject to new, tighter screenings. On today's show, we'll take a look at what these new rules will entail. Afterwards, we'll discuss Europe's rising fortunes — which may be enough for the European Central Bank to roll back its economic stimulus system. Then, we'll look at growing concerns about the amount of oil and gas that thieves are stealing from pipelines in Mexico. 

(Global Edition) From the BBC World Service…Today, the European Central Bank meets to decide whether or not it will ease off its program to buy bonds to boost growth. What does that mean for the Euro? Afterwards, Kenyans head to the polls today - again. A presidential election in August was annulled by the country's highest court, causing turmoil and protests. We look at what impact political uncertainty has had on the country's tourism industry. Then - a group of fourteen countries in western and central Africa will be watching what comes out of Brussels with interest.

How to protect your business from the latest cyber attack

Oct 26, 2017

The latest cyberattack, called Bad Rabbit, started on Tuesday in Europe and quickly spread to the U.S. This outbreak, like WannaCry and NotPetya, are forms of ransomware. It's when hackers encrypt files on victims' computers and demand money in exchange for unlocking the system. 

Training employees is the best way to avoid a security breach.

10/26/2017: Creating a ransomware crisis plan

Oct 26, 2017

A ransomware attack called Bad Rabbit hit this week, starting in Europe and spreading to businesses in the U.S. This is the latest in a string of ransomware attacks in the past year. On this episode, we look at how an attack affected KQED, the National Public Radio affiliate in San Francisco. And we talk to a security expert about how to protect your business and recover from an attack. 

American energy companies are looking to enter Mexico's oil, natural gas and electricity markets which have been open since 2014 to foreign participation for the first time since 1938. Major U.S. energy companies such as ExxonMobil and Chevron have entered the Mexican energy space.

S02-1: The Peanut Butter Grandma goes to Washington

Oct 25, 2017

Donald Trump, the business man president, isn't the first politician to rail on government regulations. In 1979 Jimmy Carter, the Democrat peanut farmer president, told a crowd: "It should not have taken 12 years and a hearing record of over 100,000 pages for the FDA to decide what percentage of peanuts there ought to be in peanut butter." 

10/25/2017: Hey, how much are you making?

Oct 25, 2017

That question is illegal in some places, as a new wave of laws in cities and states prohibit employers from asking for a job candidate's salary history in the hiring process. And the Senate struck down a rule that made it easier for consumers to sue banks and credit card companies for financial relief, which also allows banks to keep using mandatory arbitration clauses. We explore what this means for consumers like yourself and the arbitration industry.

A vote by the U.S. Senate last night allowing banks to keep using mandatory arbitration clauses in their contracts with consumers — rather than allowing class action lawsuits —essentially preserves the status quo. You might think that more fine print in more and more contracts would mean a lot more arbitration and a bonanza for the arbitration industry. But is that so?

Click the audio player above to hear the full story. 

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