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Marketplace Morning Report

American Public Media

In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London.

In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London.


Los Angeles, CA


In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London.




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


Robinhood is going public. Can its unusual plans for investors hold up?

Robinhood, the online brokerage with the app that grants commission-free trading to investors, is going public. However, its offering stands out because of its plan to make up to 35% of its shares available for investors to purchase. We speak with Erik Gordon, professor at the University of Michigan’s Ross School of Business, about the Robinhood IPO. We also have a discussion about the Senate voting to start debate on a bipartisan infrastructure bill.


Smart home devices have entered the mainstream chat

In 2020, U.S. manufacturers shipped out more than 375 million smart home devices. The more we use them, the more they end up learning about us. Is that a good thing? We also discuss what’s going on with the Fed and what capital-starved small businesses are thinking about as PPP loan money starts running out.


Calls for global investment to solve pandemic-induced “education crisis”

From the BBC World Service: U.K. Prime Minister Boris Johnson is calling on global leaders to pledge $5 billion to prevent what he calls a “legacy of wasted talent” as a result of lockdown restrictions on education. Plus: Visitors to a new, nearly $3 million London tourist attraction aren’t happy with what they see.


Expected hiring “boom” fizzles out for states that stopped extra unemployment benefits

States that did away with $300 weekly unemployment benefits did so with the expectation that the loss of extra money would get more people to re-enter the workforce. That hasn’t happened. We talk about the Fed and inflation, and then we hear a listener tell the story of Pearl Paint, the New York art supply store that unified an artistic community.


What is going on with China’s stock markets?

Correspondent Jennifer Pak joins us to help make sense of where China’s stock markets stand after a rough start to the week. We also check in on Big Tech’s earnings. Then, we look into a child care entrepreneurship program that opens a path for immigrant women to re-enter the workforce.


Quarantine-free travel to England may soon be possible for Americans

From the BBC World Service: The U.K. government is meeting on Wednesday to discuss options for loosening travel restrictions on double-vaccinated American travelers to England. Plus, a look at how a change of power in Tanzania has led to a dramatically different policy on pandemic preparedness.


Big Tech benefits from big spending

Apple, Alphabet (Google’s parent company), Microsoft and Amazon are reporting earnings this week, and they are all beneficiaries of a jump on corporate spending on IT. We’ll look at what companies are buying, and why. New York City and cities in California now have vaccination requirements for their respective workforces. We also take a look at where Chinese stocks stand.


China’s regulatory crackdown continues to send shivers through financial markets

From the BBC World Service: A third-straight day of losses across Asia stock markets amid Chinese regulatory crackdown. Plus: The most senior Roman Catholic official at the Vatican has gone on trial charged with financial crimes. And, a look at the meeting agenda as officials from the U.S. and India prepare to sit down for talks.


Explaining China’s anti-foreign sanctions law

China’s recently passed anti-foreign sanctions law carries a variety of potential effects for American businesses. We dive into what the law means. The Federal Open Market Committee starts a two-day meeting on interest rate policy. Also, PayPal is partnering with the Anti-Defamation League to help curb the activities of radical hate groups.


One island’s spaceport saga illuminates FAA’s commercial spaceflight conundrum

Camden County in Georgia has wanted a spaceport license for years. That sparks concerns for the residents of the Little Cumberland Island, who say the potential rocket launches over their community could have negative impacts. Julia Coronado drops in to talk about the markets, and we also look into how appliances are becoming harder to acquire for new home builders.


Child tax credit payments come with glitches, more questions

Payment mishaps and issues with trying to opt out are among several struggles that have impacted people expecting child tax credit payments. Some fear the cash advance will actually add to their tax burden. The BBC checks in on the how a wave of regulation has impacted Chinese stocks. We also look into the availability of Section 8 housing vouchers.


Chinese regulators put tutoring-company profits in their crosshairs

From the BBC World Service: Another wave of regulatory crackdowns from Beijing, this time on tutoring companies, sent Hong Kong’s benchmark stock index down more than 4% today. Plus: Australia won’t tolerate anti-lockdown protests as the COVID-19 Delta variant surges. And, how vaccinators are making progress in remote parts of India.


Rent relief trickles through as federal eviction ban nears expiration

Only about 6.5% of the roughly $50 billion Congress set aside for rent relief as actually gone out to the masses as the federal eviction moratorium ending date gets closer. What’s the holdup? We also look at how businesses are handling the return of indoor masking in Los Angeles County. We also peek into the financial cost of hosting the Olympics.


Can the Olympics give sports like skateboarding, surfing a star turn?

Skateboarding, surfing, karate and sports climbing are making their Olympic debuts in Tokyo, and all of them could benefit from a bit of Olympic exposure. We also talk about a bill in the Senate that would hold social media companies legally accountable for health misinformation on their sites. In Britain, a COVID-focused smartphone app has led to a “pingdemic.” The BBC explains.


India’s first unicorn makes its stock-market debut

From the BBC World Service: India’s food-delivery startup, Zomato, soared in its public debut in Mumbai. Plus, fresh restrictions on the way for Italians as the government tries to curb infection rates. And, how the “pingdemic” is wrecking havoc on staffing across a range of industries in England.


What do unemployment figures really tell us about the job market?

The number of people signing up for unemployment benefits rose 14% – that’s 419,000 new applications – in the past week. Diane Swonk drops in to discuss how this figure can actually spotlight issues within systems at the state and local level. We also report on the FTC tackling consumers’ rights to repair their own equipment. Then, we have the second part of our talk with “Summer of Soul” producers Robert Fyvolent and Joseph Patel about their documentary chronicling the Harlem Cultural...


Unearthing the journey to “Summer of Soul”

We spoke with the producers of “Summer of Soul” on why the music festival that was also known as “Black Woodstock” appeared to be buried in history, and what it took to finally bring it into the spotlight. We also discuss how idyllic vacation towns have dealt with the surge in popularity for vacation homes.


Costs mount for Tokyo 2020 Olympics — and the opening ceremony boss was fired

From the BBC World Service: Organizers of Tokyo 2020 say they’re now reassessing how to hold the opening show. While the delayed games and gala ceremony have been scaled down due to the COVID-19 pandemic, can Japan recoup any of the money it’s spent on stadiums and other infrastructure? Plus, as heavy rains continue, the Chinese government orders an urgent evaluation of flood control and emergency measures on urban transit networks. And South Africa’s BioVac will produce the first Pfizer...


Cows poop money for these California dairy farmers. Here’s how.

California regulations have farms lower their greenhouse gas emissions, which has led to new tech that helps siphon off methane gas (which comes from cow manure) from the state’s dairies. Also today, we report on how many Americans don’t have emergency savings. We also talk to Lindsey Piegza of Stifel International about stimulus money coming to households with children.


Say hello to France’s toaster-like vehicle for teens

If you know 14-year-old in the market for a tiny electric car that can be purchased at an electronics store and boasts a top speed of 28 miles per hour, France has something for you. We also discuss the infrastructure vote that’s supposed to happen today, as well as the concept of “shrinkflation” – yes, it’s a thing and it has to do with how manufacturers deal with rising costs.