APM: Marketplace-logo

APM: Marketplace

American Public Media

Marketplace from American Public Media is the premier business news show on public radio. Host Kai Ryssdal and the Marketplace team deliver news that matters, from your wallet to Wall Street. Online at Marketplace.org

Marketplace from American Public Media is the premier business news show on public radio. Host Kai Ryssdal and the Marketplace team deliver news that matters, from your wallet to Wall Street. Online at Marketplace.org
More Information


Los Angeles, CA


Marketplace from American Public Media is the premier business news show on public radio. Host Kai Ryssdal and the Marketplace team deliver news that matters, from your wallet to Wall Street. Online at Marketplace.org




261 South Figueroa Street #200 Los Angeles, CA 90012 (213) 621-3500


The 5G cold war

Which country will be the first to implement the next generation of wireless technology? The race to 5G is on between the United States and China. The questions is, who foots the bill? Also on today's show: Love 'em or hate 'em, electric scooters are gaining ground. California Gov. Jerry Brown says adult electric scooter riders won’t have to wear helmets starting Jan. 1. The new law is a big victory for companies like Lime and Bird, which have had tense relationships with city governments on...


The home renovation show boom and bust

The trade war with China is raging on, but the markets seem unbothered. As the Dow and the S&P 500 hit new highs this week, we look at why the markets don’t seem to be impacted by the trade war. Meanwhile, the United Kingdom is facing its own trade woes with Brexit only six months away. How will Britain’s shipping industry change? We go to Britain’s largest port to find out. Also on today's show: Before "Fixer Upper," there was "Flip This House," "Flip That House" and "Flipping Off," but the...


Who paid the price for the financial crisis? Was it enough?

After the dust settled on the Great Recession, financial institutions ended up paying over $200 billion in settlements to the U.S. government and people affected by the crisis. Some settlement deals broke records. But where'd that money go, and was it enough? As part of our ongoing coverage of the 10 years since the crisis, Divided Decade, we'll try to find out. Then: The federal government announced it will cap refugees entering this country at 30,000 next year, a record low. We'll look at...


Use-it-or-lose-it season

China and the U.S. traded more tariffs since just yesterday, and many companies have said they’ll pass the cost onto consumers. So when can Americans expect a price hike? We'll talk about it, and interview a tile industry spokesman who supports the tariffs. Then: With the budget expiring at the end of the month, federal agencies are hurrying to spend their budgets before time runs out. Some are taking things down to the literal last minute. Plus, hard truths with rapper and author Dessa.


Tariffs, but make it fashion

The Trump administration will impose tariffs on $200 billion worth of Chinese products next week as President Donald Trump first threatened in June. Hundreds of people have testified and submitted written comments about their impact, including Julia Hughes, president of the United States Fashion Industry Association. We'll chat with her, as well as Canadian aluminum producers stinging from the trade war. Plus: A conversation with Tender Greens CEO Denyelle Bruno.


The day the bank fell

When Lynn Gray went home on Friday, Sept. 12, 2008, she was expecting that her employer, Lehman Brothers, would be purchased over the weekend. Barclay’s and Bank of America were both considering saving it from bankruptcy. Things changed quickly. Gray's on the show today to tell us what it was like being in the building when Lehman fell and helped set off a worldwide crisis. Plus, a forensic accountant was a key witness in the trial of Paul Manafort. But what, exactly, is forensic accounting?...


"We function very well in chaos"

President Donald Trump rejected the government’s assessment of the death toll from Hurricane Maria this morning. "3,000 people did not die in the two hurricanes that hit Puerto Rico,” he tweeted, accusing Democrats of inflating the number. Those statements are not grounded in fact. What is a fact is that the island was devastated, and thousands did die because of a lack of electricity, shelter, food and water. With that in mind, we talked with chef José Andrés today about his experience...


The software that changed the economy

You probably haven't heard of Michael Osinski. He's an oyster farmer in upstate New York. But before he did that, in the '80s, he wrote the software that helped banks securitize mortgages — software that would contribute to Lehman's collapse and to the financial crisis at large. We'll bring you his story today, but first a look at e-cigarettes. The FDA is giving manufacturers like Juul 60 days to come up with a game plan addressing teen vaping, threatening to pull products if they don’t...


How banks got "too big to fail"

The phrase "too big to fail" is closely associated with the financial crisis of a decade ago, and it was used as a justification for government bailouts. It wasn't always this way. There was a time when most banks were small, and they liked it that way. Today, just six banks manage more than half the assets in the entire U.S. banking industry. We'll trace how it happened, and talk to the owner of a very different "Lehman" business about what it was like living through 2008. Plus, we'll...


The most dramatic bankruptcy in history ...

... It's one that continues to this day. The massive investment bank Lehman Brothers collapsed 10 years ago this week, helping to set off the global financial crisis. A lot of you know that story, but what you might not know is that Lehman is still around today. We'll take some time today to look at its legacy and talk with three of the men tasked with trying to contain the damage: Hank Paulson, Tim Geithner and Ben Bernanke. But first: CBS CEO Les Moonves resigned this week amid another...


Bernanke, Geithner and Paulson (encore)

Lehman Brothers collapsed ten years ago this week. We'll talk more about it on Marketplace later today, but now we're bringing your our full interview with Treasury Secretary Hank Paulson, Federal Reserve Chair Ben Bernanke, and New York Fed President Tim Geithner, who later served as Treasury Secretary. This spring, they talked with Kai about Lehman weekend, and the race to respond to the financial crisis. This interview is part of Marketplace’s coverage of the ten-year anniversary of the...


Hello? Is it sheets you're looking for?

Today’s jobs day, but this time we're more interested in wages: the Labor Department said pay is rising faster than it has since 2009. We'll look at what's (finally) driving that change and how long it can last. Then: Amid all the trade talk, let's not forget about one of Finland's biggest exports: heavy metal. The Scandinavian nation boasts more than 50 metal bands for every 100,000 citizens, more than any other country. We'll take a look at why. Plus: Why J.C. Penney is getting in the...


How the government took over Fannie and Freddie

A decade ago this week, the government agreed to take over Fannie Mae and Freddie Mac to help stabilize the housing market. We'll take a look back at how it all happened and interview Freddie's CEO. But first: Wage growth is sluggish by most measures, but a new report from the White House says those figures don't tell the whole story. Plus: What have we learned a year after the Equifax data breach?


Nobody likes thinking about a financial crisis

We continue our conversation with Minneapolis Fed President Neel Kashkari, and instead of looking back at the financial crisis 10 years ago, we look forward to potential economic what-if scenarios. Kashkari thinks uncertainty in emerging markets could spark a new crisis, so we'll take a closer look at the plunge of currencies abroad. Also, a look back to FEMA’s response to Hurricane Maria. According to a new report from the U.S. Government Accountability Office, FEMA wasn’t ready to handle...


The biggest bailout in history, 10 years later

Neel Kashkari runs the Minneapolis Fed now, but 10 years ago he was in charge of the Troubled Asset Relief Program, also known as the bank bailout. We talked with Kashkari about how TARP architects put a pricetag on the bailout, how his life changed after the crisis and what Congress would do if another one hit. Then, why Nike chose Colin Kaepernick as the new face of Nike's "Just Do It" campaign. Plus, what you need to know about political ads on Facebook.


No days off NAFTA talk

Trade talks with Canada resume Wednesday, and the stakes of a NAFTA agreement without Canada are high — trade between the two countries is worth $670 billion. But that's not in line with what the President tweeted over the weekend, which stoked a debate over Canada's inclusion in NAFTA. We're also looking ahead to this week's Senate Intelligence Committee hearing beginning Wednesday where social media executives will be in the hot seat talking about what they're doing to prevent meddling in...


The art of no deal

Earlier this week, the United States and Mexico reached a trade agreement as apart of the North American Free Trade Agreement overhaul. Then it was Canada's turn. But after three days of talks, the United States and Canada have no deal. Will Canada walk away? We'll get into it with the Weekly Wrap. Speaking of negotiations, the British government has yet to strike a Brexit deal with the European Union, its largest trading partner. With the official Brexit Day approaching, Marketplace’s...


Welcome to hell (it's in New York)

There's a group of three by three blocks in Manhattan containing 70 businesses that sell alcohol, most of them with a full liquor license. We talked with the locals, who call it "Hell Square." But first: After finding refuge in Turkey, many young Syrians had to put their education and career plans on hold. Now some are discovering new passions, while others are just dealing with a new economic reality. Plus, the latest on inflation numbers and an exit interview with American Enterprise...


Trade war on a stick

We're headed to the Minnesota State Fair today, not for the live music or seed art or the fried cheese curds, but for trade talk. The fair is abuzz with talk of the trade war, as the state's iron mines enjoy some relief and its farmers feel the sting of retaliatory tariffs. Then: Reflecting workplaces everywhere, gubernatorial candidates Cynthia Nixon and Andrew Cuomo are fighting over the room temperature for tonight’s debate in New York. We'll look at this summer AC battle of the sexes....


"A mass-delusion event"

Kai Ryssdal's in Minnesota today to chat with Neel Kashkari, the Minneapolis Fed president who presided over the bank bailout back in 2008. We'll have the full conversation next week, but today you can hear him talk about watching TARP fail to pass Congress the first time and the "mass-delusion event" that lead to the financial crisis. It's all part of our series, Divided Decade, marking the 10 years since that crisis. But first: The Trump administration announced a trade deal with Mexico,...