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) The European Commission is set to fine Google a record $5 billion over antitrust practices related to its Android system. We'll explore what this ruling could mean for the way Google operates. Afterwards, we'll discuss why MGM is planning to sue some of the victims in last October's mass shooting in Las Vegas. Plus: We'll explore the economics of birth order with economics professor Sandra Black. She talked to us about evidence that shows first-born children tend to better when it comes to earnings and education.

The European Union’s antitrust chief has fined Google a record $5 billion for abusing the market dominance of its Android mobile phone operating system.

(Global Edition) From the BBC World Service … European regulators have accused the internet search giant of abusing the dominant position of its Android smartphone system. We explain the implications of the European Union's move. Then, it’s a golden moment for a couple of regions in Africa. Until a few days ago, you couldn’t even make a phone call between Ethiopia and Eritrea. But after two decades of tensions, passenger flights are resuming between the two countries. Finally, where in Africa can you get faster internet speeds than London or Toronto? We reveal all.

Your birth order could have an effect on your future earnings

5 hours ago

We’re sorry, younger siblings: there's a good chance your older brother or sister will end up making more than you and perform better in school.

An article by economics professor Sandra Black in the National Bureau of Economic Research highlights the effects that birth order can have on someone's outcome in life. 

How to be a social media star for a living

5 hours ago

Research from Google says 70 percent of teenage YouTube subscribers say they relate more to online creators than traditional celebrities. According to the research firm L2, 70 percent of companies use social media influencers to market products. As part of our series on the creator economy, Marketplace Tech host Molly Wood talked to Troy Solomon, who has more than 45,000 Instagram followers for his verified account A Bear Named Troy. (07/18/2018)

How to be a social media star for a living

5 hours ago

According to numbers from Google Research, 70 percent of teenage YouTube subscribers say they relate to online creators more than traditional celebrities. The research firm L2 says 70 percent of companies use influencers for marketing. That often means deals with social media stars, who fill their fun-looking social feeds with brokered brand placements.

U.S. risks isolation as other countries sign trade pacts

16 hours ago

Tuesday in Tokyo, the European Union and Japan inked a fresh trade pact that will eliminate most of the tariffs between them. The EU has been a busy bee on the trade front. It recently agreed to a new deal with Mexico, and a new one with Canada is now up and running. It’s in talks with Australia and New Zealand. Lots of countries are forging new trade agreements with each other, with one notable exception: the United States.

Click the audio player above to hear the full story. 

73: Bitcoin IRL

17 hours ago

We've told you about other wild uses for blockchain technology besides bitcoin: mortgages, weddings and more. Now it's time to go down the cryptocurrency rabbit hole — or maybe the bitcoin mineshaft? Joon Ian Wong is managing editor at cryptocurrency news site CoinDesk. He takes us back to his reporting for Quartz on a bitcoin mine in Inner Mongolia, which is both a  very real place and yet very unlike other types of mines. Then, all of you tell us where you've seen bitcoin (and bitcoin scams?) in the real world.

"Generation Wealth" is about more than money

19 hours ago

For 25 years, Lauren Greenfield has been taking pictures and making movies about extremes. In “Thin,” she chronicled women with anorexia.

What's carbon really cost?

19 hours ago

Under the Trump administration, federal agencies are no longer required to determine the financial costs of climate change, so a group of scientists have stepped up to the plate. We'll talk about that project and what it can tell us about the real-world cost of carbon. Plus: Amid rising tensions with the United States, Japan and the European Union have struck a new trade deal with each other. Then: We'll talk with Lauren Greenfield about her new film “Generation Wealth."

States sue over SALT: Here's what you need to know

20 hours ago

New York, Connecticut, Maryland and New Jersey are suing the federal government. They say caps on federal deductions of state and local taxes are unconstitutional. Here’s what you need to know:

Meet Goldman Sachs' new CEO: DJ D-Sol

Jul 17, 2018

(Markets Edition) Fed Chair Jerome Powell is set to begin two days of testimony on Capitol Hill, and investors are watching closely. We'll talk to Gabriela Santos — global market strategist with JP Morgan Funds — about what we should expect. Afterwards, we'll discuss Goldman Sachs' new CEO, David Solomon, and why the news is so significant, and then we'll explore the growing problems restaurants have in finding enough staffing.

On Wednesday, we get second-quarter earnings from Alcoa, the major aluminum manufacturer. And that may offer clues about how the escalating trade battle is playing out for domestic manufacturers and workers now that tariffs on aluminum and steel are a reality. The United States is now charging 10 percent tariffs on imported aluminum from Canada, the European Union and other countries. This puts Alcoa’s U.S.-made aluminum at a competitive advantage in the domestic market. But it may not help reopen aluminum plants that were already shuttered, thanks in part to low-cost foreign competition.

The National Restaurant association projects that sales will grow by 4 percent this year. Celebrity chefs and Instagram foodie streams all point to an industry on the upswing. But staffing restaurants isn’t easy these days. Susan Spicer runs three restaurants in New Orleans, and says this is in part because her industry gets a bad rap — long hours, little pay, substance abuse, harassment. She spends a lot of time fighting that image, but still has trouble finding people to work for her.

Goldman Sachs' new CEO has a side hobby as a DJ

Jul 17, 2018

Full-time company president, part-time DJ. 

Goldman Sachs has just announced that David Solomon, 56, will be its next CEO, taking over the reins from the current chairman, Lloyd Blankfein. We found out that when he's not helping steer the direction of one of the world's largest investment banks, he serves as an electronic dance DJ under the name "DJ D-Sol," with gigs in New York, Miami and the Bahamas. 

Goldman Sachs names David Solomon, investment banker and DJ, as its new CEO

Jul 17, 2018

The powerhouse investment bank Goldman Sachs has just announced David Solomon will be its next CEO, succeeding chairman Lloyd Blankfein. 

Solomon, 56, is the firm's current president, rising through the ranks since he first arrived at the company. Following the financial crisis, he's been a part of Goldman's shift from trading toward consumer lending (in 2016, the company launched a direct bank called GS Bank, where consumers could open savings accounts).

(U.S. Edition) The Federal Communications Commission has thrown a wrench into a proposed merger between Sinclair Broadcast Group and the Tribune Media Company. We'll look at why FCC Chairman Ajit Pai, who's considered pretty business-friendly, has a problem with the deal.

A cars-for-cheese deal

Jul 17, 2018

(Global Edition) From the BBC World Service … About 600 million people are about to benefit from a major free trade agreement between the European Union and Japan in what's called a "cars-for-cheese deal." With tariffs on most goods set to disappear, we explain why it’s America — not Asia — that’s suffering from the “protectionist disease." Then, the world's largest e-commerce retailer may be running a massive promotion, but in Germany, Amazon's workers are striking over pay.

How Univision's talent scout finds the next social media star

Jul 17, 2018

As part of our series on the creator economy, we’re looking at “influencers.” Those are the YouTube, Instagram and Snapchat personalities who get big followings and free products that they then promote to their followers. We're also looking at the people who find those influencers and connect them with the brands who want to influence people.

How Univision finds the next social media star

Jul 17, 2018

As part of our series on the creator economy, we’re looking at “influencers.” Those are the YouTube and Instagram personalities who get big followings and free products that they then promote to their followers. We're also looking at the people who find those influencers and connect them with the brands who want to influence people. One of those finders is Jennifer Perri, vice president of the Univision Creator Network. She talks with Marketplace Tech host Molly Wood. 

China filed a complaint with the World Trade Organization Monday, nearly a week after President Donald Trump threatened it with an additional $200 billion in new tariffs.

It's the halfway point in the Major League Baseball season, with the All-Star Game happening Tuesday night in Washington, D.C. The good news for MLB is that television ratings are up. The bad news? Leaguewide attendance is down compared to this point last season. 

One exception has been the Houston Astros, which won the World Series last year and has one of baseball's best records so far this season.  At Minute Maid Park on a recent afternoon, hundreds of people lined up at the box office for tickets to watch the Astros take on the Oakland A’s.

About half an hour before the Houston Astros take on the Oakland A’s in an afternoon game at Minute Maid Park, a bar across the street from the stadium, HTX Fan Tavern, is packed. But Gabe Luna, the bar’s manager, knows it’s about to thin out significantly.

Hi, I'd like to file a complaint

Jul 16, 2018

We're starting today with news from overseas, not Helsinki but Geneva, where the World Trade Organization is fielding complains from China against the United States, and the U.S. against pretty much everybody. We'll talk about what happens next and what it could mean for the brewing trade war(s). Then: site glitches aside, Amazon's Prime Day has become a sort of Black Friday in July, which means a lot of packages will be on the move these next few days. We'll look at whether the shipping industry will be able to, uh, deliver.

The business of luxury chicken rearing

Jul 16, 2018

(Markets Edition) We had some strong numbers for retail last month. The U.S. Census Bureau has revealed that June retail sales were up 0.5 percent. We'll hear from Julia Coronado, founder of MacroPolicy Perspectives, about what these figures say about consumers, the labor market and inflation. Afterwards, we'll discuss Facebook's plan to pay Fox News, CNN and ABC to make programs exclusively for the platform, and then we'll explore how wealthy residents in the Bay Area are sinking $20,000 into fancy heritage chickens and ornate homes for them.

Backyard chicken keeping has taken off in the Bay Area as residents seek ways to disconnect from technology. Most people spend $1,000 or less on their birds and coops, but a wealthier subset of chicken owners have really gotten into it, in some cases sinking $20,000 or more into fancy heritage chickens and ornate homes for them.

Click the audio player above to hear the full story. 


Another rural hospital has closed, the 85th to shutter in the U.S. since 2010. This latest closing happened in Dunklin County, Missouri, one of the poorest counties in the state. The hospital was home to the only OB-GYN physician in a region that has one of the highest premature birth and infant mortality rates in the state.

How are consumers spending their money?

Jul 16, 2018

The U.S. Census Bureau will release June retail sales data this morning. We already know that consumer spending is strong right now due in part to a tight labor market and inflation. But how are consumers financing their current spending spree and what are they spending on, exactly?

Click the audio player above to hear the full story. 

Ten years later, what we learned from WALL-E

Jul 16, 2018

Ten years ago this summer, we all became familiar with the little trash compacter that could — WALL-E — and his slightly scary, Earth-scanning, but eventual companion Eve.

Disney's "WALL-E," which took home the Academy Award for Best Animated Picture in 2009, offered a darker look at Earth's possible future — one where humans have ruined the planet's environment with trash — and are forced to live in space, captive to screens, self-driving chairs and robot servants. 

Ten years later, what we learned from WALL-E

Jul 16, 2018

Ten years ago this summer, the Pixar film “WALL-E” came out. It's about a future where humans have ruined earth's environment with trash, so they live in space, captive to screens, self-driving chairs, and robot servants. One little robot is left on Earth to clean up the mess, until he finds love — and ends up saving humanity from itself. As part of our summer entertainment series, we're pondering the critiques and lessons of Wall-E with sci-fi writer Kim Stanley Robinson, who also happens to be a big fan of the film.  (07/16/2018)