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Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.

Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.


Los Angeles, CA


Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.




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

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What happens if we blow past the debt limit?

If the debt ceiling is reached without being suspended or raised by Congress, the Treasury will have to choose between paying its bills and repaying money already borrowed. Results could be catastrophic. Also on the program: Facebook pauses the development of a “child-friendly” Instagram; a video game company tackles racism and sexism in its industry; and perks make it a great time to be a new hire.


A rodeo returns with fanfare and few masks

For many towns in the West and Midwest, rodeos are a boon to the local economy. Despite the delta variant’s surge, many rodeos have made a return in 2021. Marketplace’s Mitchell Hartman takes us to Oregon’s Pendleton Round-Up and chats with locals, tourists and health officials about mask enforcement, a boost to business and the return of a rural tradition. Also on today’s program: The Weekly Wrap, the impact ridesharing has on our climate and a shipping-related holiday gift to discount...


The Fed is cautiously optimistic on recovery

The economy is growing strongly as it recovers from its pandemic-induced downturns — so strongly that the Fed has signaled it will start tapering bond purchases soon and may raise interest rates next year. That optimism for economists comes with an asterisk, however, as COVID-19, supply chain issues and inflation threaten to stand in the way of full economic recovery. Also: Afghanistan’s informal money exchange market, New York City’s new protections for food-delivery app workers and...


Are developed countries pulling their weight in the climate crisis?

The United Nations General Assembly is meeting this week, and climate change is high on the docket. More than a decade ago, the U.S. and other developed countries pledged to gather $100 billion annually by 2020 to assist in climate adaptation and resilience for developing countries. Despite bearing most of the responsibility for emissions and having the most resources to adapt, pledge countries are falling short of their promised amounts. Also on today’s program, we’ll examine London’s...


How one massive Chinese company rattled the U.S. stock market

Anxiety over Evergrande, a behemoth property developer in China, and its $300 billion debt sent stock markets around the globe tumbling on Monday. The situation is spotlighting precarity in China’s real estate sector and the country’s economy as a whole; some fear a Lehman Brothers-style crisis. The uncertain future of Evergrande, coupled with supply chain and inflation woes, could continue to stoke market jitters. Plus: Location-based setbacks for new houses, high-frequency data hints about...


How vaccines for younger children could boost economic recovery

Pfizer announced today that a smaller dose of its COVID-19 vaccine is proving safe and effective for children ages 5 to 11. If FDA emergency approval goes as planned, kids could be getting their shots by Halloween. This could, among other things, help moms get back to work. And later: how the weather affects what we buy; an Afghan American humanitarian reflects on the recent upheaval; and a look at what corporate pledges actually accomplish.


What can the Fed do about climate change?

Progressive Democrats are pushing President Joe Biden to appoint a Federal Reserve chair who will be more proactive about climate change than Jerome Powell. Before the Fed could act more rigorously, however, Congress would need to direct it to. Claudia Sahm, a former Federal Reserve economist, joins us to discuss. Plus: The Weekly Wrap, some background on that pesky computer chip shortage and the building buzz around drive-thru coffee shops.


Could the housing market maybe be going back to normal?

Competition for homebuyers is finally easing up a bit. There are more new listings, houses are staying on the market longer and there are fewer bidding wars. Though buyers may revel in a return to seasonal expectations for the housing market, real estate experts still think a return to “normal” may be a ways off. Later in the show, we’ll look also into the rise of Portland’s “placeless” restaurants, how Lebanon’s economic crisis came to be and why homeowners insurance doesn’t cover flood...


America’s child care system is failing families. Just ask the Treasury Department.

The Treasury Department decided not to mince words about the state of child care in the U.S. in a new report, calling it “unworkable” and in a state of market failure. As the Biden administration continues to push for investment in human infrastructure and the care economy, the report makes the case for universal preschool and extended tax credits for parents. Plus: how Germany may struggle with its green ambitions, what import and export prices can tell us about inflation and a chat about...


Poverty dipped in 2020 as the government boosted aid

The U.S. Census Bureau released poverty rates for 2020 today. While the official poverty rate went up slightly, the supplemental poverty rate — which experts say gives a more accurate picture — went down to its lowest in census measurement because of expanded pandemic relief for millions. But with many of those government programs expired or ending in a pandemic economy, the future of the American poverty rate looks uncertain. Also on today’s show: Small businesses look to up prices amid...


For restaurants, fall 2021 brings with it a strong sense of deja vu

Indoor dining is closed in some places, restaurants are requesting federal aid and, for many businesses, fall 2021 is already looking a lot like fall 2020. On today’s show, we’ll look at where things stand. Plus: GDP growth, retail spending in China and the history behind power grid problems in Texas.


Uncertainty is the economic legacy of 9/11

It’s been 20 years Saturday since the Sept. 11 attacks on New York, Washington and the crash of United Airlines Flight 93 in Shanksville, Pennsylvania. It was the first of many, many “uncertainty shocks” this country and this economy have seen. On today’s show, we’ll take some time to reflect on that legacy. But first, we’ll get the view on the ground in New Orleans, examine how OSHA makes its rules and recap the week in economic news.


A hot labor market won’t close the gaps in this economy

First-time jobless claims dropped to their lowest point since March of last year. But with many industries still seeing labor shortages, what do the numbers really say about the state of the economic recovery? And how can we build back a more equitable labor market, closing racial unemployment gaps? That’s where we’re starting off on today’s show. Plus: Airline earnings, Biden’s vaccine mandates and a legacy of 9/11 at work you probably don’t even notice.


How will New York City enforce its vaccine mandate?

Starting next week, New York City will begin enforcing a requirement of at least one COVID-19 vaccine shot for entrance to businesses like restaurants, bars, museums, theaters and gyms. That’s easier said than done, however, as customers struggle to navigate apps and business owners attempt to verify vaccine statuses and enforce the mandate. Plus: Record-number job openings are met with a “meh” number of hires, how North Dakota is aiming to distribute rent relief and more Americans look to...


Traveling nurses and short-staffed hospitals are in a vicious cycle

Traveling nurses have always earned more than their full-time counterparts at hospitals. With high demand for nurses in intensive care units, especially in the undervaccinated South, traveling nurses can now earn more than $10,000 per week. Eyeing the higher pay, some regularly employed nurses are leaving their jobs to travel — which further exacerbates staffing challenges and pushes up costs. Also on today’s program: how eco-friendly products are causing aluminum prices to soar, retailers...


As pandemic benefits end, unemployment for Black workers is on the rise

Though the unemployment rate dipped in August, it rose for a single racial or ethnic group: Black workers. Job growth has been slow to rebound in industries like child care and leisure and hospitality — all of which are major employers of Black women. The employment rate for Black workers is trending in the wrong direction as the federal unemployment benefits that extended relief for millions of Americans expired on Monday. Later on in the show: rural vaccination rates are on the rise, what...


Not a great jobs report. Should we have seen it coming?

“There was a lot of gasping going on,” was how Heather Long of The Washington Post described the reception this morning to August’s disappointing, very-big-miss jobs report. Given that the delta variant is still very much at large, have economists and labor market analysts been too optimistic about job creation? Also on today’s show: the costly steps to securing a more resilient New York subway system and some background on why Apple is relaxing its app store rules.


When the effects of the climate crisis hit home

The devastation inflicted on parts of the East Coast by the remnants of Hurricane Ida tells us that climate change is well and truly here — and that much of America’s housing stock is nowhere near up to weathering its effects. Also on today’s show: In the aftermath of OnlyFans’ reversal of its decision to ban sexually explicit content, sex workers and their allies are continuing to protest what they consider business discrimination against legal sex work. And we’ll hear about fierce...


Power shifts to workers

In anticipation of the holiday season, Walmart plans to hire 20,000 distribution and fulfillment center workers. Getting to that number might be a long shot. According to a recent survey of major retailers by the consulting firm Korn Ferry, 97% said they were having “moderate” or “significant” challenges hiring such workers. Also on today’s show: Could the loss of power on the Gulf Coast have been prevented? And we’ll hear from a Pakistan-based macroeconomist about how the Taliban might run...


What next for the housing market?

Today we received record-shattering house price numbers. Although major metro housing market conditions right now are sharply reminiscent of the bubble of 2005, economists consider this a very different category of boom. Also on today’s show, how Louisianans without power or water are surviving in the late-summer heat, a stark report on racial and ethnic disparity in receiving specialty health care and a look at the businesses — 6% of borrowers — that have been asked to pay back portions of...