Marketplace | KERA News


Weekdays at 6:30 p.m.
  • Hosted by Kai Ryssdal

Business, the economy, personal finance, Wall Street, and more.

(U.S. Edition) Colin Kaepernick — the football player who began kneeling during the national anthem to protest social injustice — has filed a grievance against the NFL, claiming that the league's teams colluded to keep him from getting a new contract. On today's show, we'll look at what the league's collective bargaining agreement means for his case. Afterwards, we'll discuss Alibaba's plan to double its spending on research and development to $15 billion over the next three years.

10/16/2017: European investors weigh new risks

3 hours ago

(Global Edition) From the BBC's World Service ... European investors are waking up to the return of political risk -- another showdown over Catalonia is playing out and Austria has elected the world’s youngest leader, with fears over immigration helping bring Sebastian Kurz to power. We examine the implications for Europe. Tensions have flared in the oil rich region around Kirkuk, with Iraqi forces saying they have captured the disputed city from Kurdish fighters. But how crucial is the area to the world’s oil supply?

Microsoft recently announced that it’s doing away with its Windows Phone operating system. That basically leaves consumers with two options: iPhone or Android. Marketplace Tech host Molly Wood talks with Julie Ask, a principal analyst at Forrester Research, about how the smartphone industry got here and what it would take for a third player to enter the market. 

How Apple and Android took over the smartphone market

4 hours ago

Microsoft recently confirmed that its Windows Phone operating system is over and done. That means when it's time to buy a new smartphone, there are basically only two operating systems a consumer can choose from: iOS or Android.

The two have a sort of duopoly on the smartphone market.

Apple released the first iPhone in 2007, and a little over a year later Google unveiled its first Android phone. The big smartphone battle has mostly remained between the two platforms ever since. It might simply be because they were the biggest initial innovators in the market.

The cost of being a DACA recipient

Oct 13, 2017

This week President Donald Trump sent Congress a sweeping list of immigration demands, including the building of a border wall in exchange for an extension of the Deferred Action for Childhood Arrivals program. DACA, as it is known, was created to shield immigrants brought to the U.S. illegally as children from deportation. And it gives them work permits. But to be one of the 800,000 current DACA recipients, you've got to pay up, $495 to be exact. Marketplace Weekend spoke to Doris Meissner, senior fellow and director of the U.S.

Trump delivers another blow to Obamacare

Oct 13, 2017

And this one lands directly on the insurance industry, for now. The president cut payments to insurers that go toward subsidies for low-income people who buy policies on the health care exchanges. Those so-called cost-sharing reductions were worth billions to the insurance industry. So what will it do now? 

To sell his tax plan, President Donald Trump is trying to send a message to ordinary Americans: that cutting corporate taxes will benefit them too. During a speech this week in Harrisburg, Pennsylvania, in front of a crowd of truckers, he claimed that by allowing companies to bring back overseas money at a low tax rate, the typical American household will benefit by getting a "pay raise" of about $4000.  What’s behind the claim – and is it likely? 

To hear the full story, click on the audio player above.

Trump won't certify Iran deal

Oct 13, 2017

President Donald Trump announced today he won't certify Iran's compliance with the 2015 nuclear agreement. The decision had been flagged in advance by administration officials. The next move is up to Congress. It has 60 days to decide whether or not to reimpose sanctions on Iran that were lifted by the 2015 deal. Any decision to reimpose the sanctions wouldn't go down well with our allies across the Atlantic.

Do nondisclosure agreements protect sexual abusers?

Oct 13, 2017

Hollywood is struggling to come to terms with the Harvey Weinstein scandal. More women have come forward with more allegations and named other big names. But it’s not just entertainment where payoffs happen to keep people quiet. What role do nondisclosure agreements play in shielding sexual abusers?

Schools have become the latest target of cyberattacks

Oct 13, 2017

An entire school district in Flathead Valley, Montana, shut down for days after hackers targeted several schools, sending death threats to students and staff, and threatening to release sensitive personal information unless a ransom was paid in the online currency bitcoin. More than 30 schools and a community college closed for three days, affecting over 17,500 students.

For Superintendent Steve Bradshaw, it all started with a text message from an unknown number.

What happens when the economic census is late

Oct 13, 2017

What you don't know can indeed hurt you, economically. Every five years, the government surveys businesses in what's called the Economic Census of the United States. That census should be happening right now but it's not, due to a few different reasons. Danny Vinik, the assistant editor at Politico's "The Agenda," has the story on this — and it's appropriately titled "Is Washington bungling the Census?"

10/13/17: Time is running out for Congress

Oct 13, 2017

We wrap up the news week wondering: Will Congress be able to pass any big legislation in 2017? What will happen to low-income people seeking health care once government subsidies disappear? Will President Donald Trump and European leaders decide to impose new sanctions on Iran? Plus, corporate America's reliance on nondisclosure agreements helps serial harassers stay under the radar and aren't necessarily protecting public interest, so why do we still have them? And, on a more personal note, it would make it a lot harder for us to do our jobs if we didn't have accurate economic data.

Will Congress pass any big legislation in 2017?

Oct 13, 2017

Rachel Abrams of The New York Times and Fortune's Leigh Gallagher join Marketplace host Kai Ryssdal to discuss this week's business and economic news. President Donald Trump has been making a lot of bombastic statements asking Congress to pass legislation, but so far, it hasn't been able to deliver. It's not looking good for Congress to pass tax reform or any other major legislation by the end of the year, which could dramatically impact midterm election results. And despite Trump's promises for economic growth, the IMF forecasts the U.S.

Why it's so hard to qualify as a dog walker

Oct 13, 2017

Laine Higgins wanted to earn some extra cash. So she applied for a job as a dog walker in New York City with one of the many on-demand dog-walking services. And was denied. "I got one question wrong on the safety test, and I think what did me in was all of the questions they have about harnesses. So to their credit, they're very thorough." Higgins isn't alone.

An empire built on fame reaches a 10-year milestone

Oct 13, 2017

Say what you want about the Kardashians. Whether you watch their reality television show or not, it’s unlikely that you haven’t heard of them. The family, famous for being famous, has reached the decade milestone of coming into millions of homes, notwithstanding their fans who follow every move they make on social media. Even if the show ends, the Kardashian brand likely won’t.

Click the above audio player to hear the full story.

(Markets Edition) The Trump administration plans to cut off payments to insurers that allow them to subsidize the plans they offer to middle- and lower-income Americans. We'll discuss the pushback this move is facing from different parts of the country. Afterwards, we'll chat with FTN Financial's chief economist, Chris Low, about the reason for last month's inflation spike.

Trump to cut off federal subsidies to health insurers under Obamacare

Oct 13, 2017

The White House announced late Thursday that the administration will stop making cost-sharing reduction payments to insurers to subsidize health insurance plans they offer to low-income Americans under the Affordable Care Act.

The action came just after a set of other regulatory changes were announced relaxing the rules and required benefits for health plans under Obamacare.

Homeowners might have to start paying taxes on forgiven debt again

Oct 13, 2017

It was 2007. The air was starting to leak out of the housing bubble. Home prices were beginning their free fall. 

“Many homeowners struggled to repay their mortgages, and were re-negotiating their mortgages with banks,” said Steve Rosenthal, senior fellow at the Urban-Brookings Tax Policy Center.

(U.S. Edition) The White House says the administration will stop paying federal money to health insurers under the Affordable Care Act. We'll discuss what this money has been used for and the potential consequences of this move, which may include the withdrawal of insurers from Obamacare exchanges. Afterwards, we'll talk about who might run Samsung following the resignation of its CEO, and then look at the new payday loan rules in the U.S.

(Global Edition) From the BBC’s World Service … Ryanair has announced it will complain to regulators after rival Lufthansa’s announced a $250 million deal to buy part of Air Berlin. It claims Lufthansa’s dominance of the German market will push up prices, but with three airlines collapsing in recent months, what is really going on with Europe’s budget airlines? Then, 20 years after America imposed economic sanctions on Sudan, it has lifted them again. We explore what life was like under the sanctions and what the U.S. move means for businesses.

To find out how your trusted weather app gets its intel, look no further than the National Oceanic and Atmospheric Administration. The Virginia outpost of NOAA has huge disks on its roof that pull in information from the satellites floating in space, and a massive server room where all of the data they collect gets stored and sent out. Marketplace’s Kimberly Adams took a tour of the building with Bill Carter, who’s in charge of ground systems and maintenance.

To find out how your trusted weather app gets its intel, look no further than the National Oceanic and Atmospheric Administration.

Getting that intel takes a lot of equipment. There's a building in Maryland where NOAA pulls that information down from space, using giant antennas and dishes on its roof.  It's got a massive server room where the data they collect gets stored and sent out.

"When you get the data down from the satellite, it's only as good as where you can send it," said Bill Carter, IT systems specialist at NOAA's Satellite Operations Facility.

10/12/17: If you can't repeal it ...

Oct 12, 2017

President Donald Trump signed an executive order today that will eventually allow Americans to buy health insurance with lower premiums. While younger, healthier people may be able to take advantage of these plans, they may exclude some sick people with pre-existing conditions and other factors Obamacare eradicated. The president is keeping us in business as fact-checkers: Last night he said the rising stock market will fix the debt problem. But debt and stocks are entirely different assets and can't be compared dollar for dollar.

Do rising stock prices help the nation’s debt?

Oct 12, 2017

The stock market has surged for much of the last year, and the president — like all presidents — is trying to take credit. Fair enough. But last night, he suggested the stock market can help fix the country’s national debt problem. Which got a lot of people scratching a lot of heads. Is there even any connection between the two?

Would Trump's executive order make better, cheaper health care? Only kind of

Oct 12, 2017

Today, when the president signed an executive order expanding coverage options outside of the Obamacare marketplaces, he promised that the order would create more insurance options at "lower prices, and for millions of Americans."  

Hungry and broke? We've got a cookbook for you, millennials

Oct 12, 2017

There are a whole lot of people out there entering grown-up-hood without having ever learned their way around a kitchen. Enter the new cookbook, "Hot Mess Kitchen: Recipes for Your Delicious Disastrous Life," where authors Miranda Berman and Gabi Moskowitz set out to turn hesitant millennials into home chefs.

(Markets Edition) We may get a new Federal Reserve chair soon, according to Treasury Secretary Steve Mnuchin. Not on the shortlist: current chair Janet Yellen. Diane Swonk, CEO of DS Economics in Chicago, joined us to discuss who the final contenders are and how the markets might react if they're chosen. Afterwards, we'l look at how two retail workers on opposite sides of the country are coping with America's retail crisis. 

The Latest: Trump signs health care order

Oct 12, 2017

WASHINGTON (AP) — The Latest on President Donald Trump's executive order on health care (all times local):

12 p.m.

President Donald Trump predicts "millions and millions of people'' will benefit from his action to unwind the health care law.

He's signed an executive order to make lower-premium plans more widely available.

As President Donald Trump and congressional Republicans try to push forward on tax reform, tax preparation companies are angling for an opportunity to keep the government out – permanently out – of their tax preparation business.

This would keep the privatized U.S. system different from most others. Many governments help citizens do their taxes electronically, often for free. Agencies have people’s salary and tax data on file, so they simply pre-populate electronic tax forms. That could work in the U.S. s as well, proponents argue.

Wildfires raging across wine country in Northern California left 23 people dead, according to state officials, and at least 60,000 people evacuated from their homes. The 22 separate fires destroyed more than 3,500 homes and commercial buildings across Napa and Sonoma Counties, with the city of Santa Rosa especially hard-hit, and Calistoga newly threatened as dry winds strengthened again midweek.

As residents have begun to assess the damage in burned areas, most will be looking to homeowner’s insurance to rebuild.