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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.


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.




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Busting the “immigrants as job takers” myth

On today’s program, we’re taking a closer look at immigration and entrepreneurship. Immigrants are more likely to start a new company than U.S.-born citizens, studies show. And those new businesses need to make hires — turns out, immigrant entrepreneurs are associated with a net gain in jobs. We’ll discuss. Also, a boost in the Internal Revenue Service budget seems to be making a difference, and investors respond to rising tensions in the Middle East.


Happy Tax Day from your friendly neighborhood chatbot

Today is Tax Day. While payers in 12 states have the opportunity to use a pilot IRS system to directly file their taxes online, tax software companies like Intuit and H&R Block have introduced generative artificial intelligence assistants to be more competitive. But do they work? Then, Samsung beats out Apple for title of the world’s biggest smartphone maker, and we examine how residents of “news deserts” access their local news.


What could a wider Middle East conflict mean for Iranians?

From the BBC World Service: Tensions continue to run high in the Middle East after Iran’s recent drone and missile attacks against Israel. We’ll delve into how this weekend’s events could make a bad situation worse for Iran’s heavily sanctioned economy and the people living there. Plus, we’ll hear how the ongoing war in Ukraine could provide another big hit to energy prices, and we’ll preview the outlook for Zimbabwe’s new gold-backed currency.


Why the unemployment gap for Black and white workers persists

The unemployment gap between Black and white workers has consistently been around 2 to 1 ever since the government started disaggregating the data more than five decades ago. While the Black unemployment rate is relatively low historically, the gap remains. We’ll discuss the institutional reasons why and how best to tackle the issue. Also on today’s program: the return of standardized testing and a preview of Senate hearings centered on Boeing’s manufacturing and safety practices.


Workers are getting a smaller slice of the pie

Next month, the Bureau of Labor Statistics will tell us how much of the income generated by workers’ toil actually went to them in Q1. That stat is called labor share of national income — and it’s shrinking. Plus, a government committee that scrutinizes deals between foreign companies and American firms may be getting more power. And 14 states are opting out of a summer EBT program that would help families buy groceries. Wanna learn more about labor share of income and see Marketplace reporter Nancy Marshall Genzer get a pie in the face? Check out the Marketplace TikTok feed.


Chinese victims of a bitcoin scam believe the U.K. government has their money

From the BBC World Service: Thousands of victims of a huge investment scam believe police in London have nearly $4 billion worth of bitcoin that belongs to them and want the British government to give it back. Then, The European Central bank held interest rates steady but gave strong hints about future rate cuts. Plus, we hear about padel, one of the world’s fastest growing sports, and its Olympic ambitions


Unpacking the extent of this year’s FAFSA mess

On Wednesday, Republicans, Democrats and college officials took to Capitol Hill to vent about the Education Department’s botched rollout of a newer, simplified FAFSA form. That’s the form high school students fill out and send to colleges to determine financial aid offers — and it’s affected millions of students. We’ll also discuss fresh wholesale inflation figures and get a sneak peak at the latest season of Marketplace’s “Million Bazillion” podcast, which tackles kids’ biggest money questions.


Meta trials a new feature to protect teens

Meta’s latest answer to protecting kids on Instagram is automatically blurring images that may contain nudity. The company says it will test this on the platform’s direct messaging feature. We’ll parse the details. Plus, the FCC is requiring large internet providers to post “broadband nutrition labels” that provide a snapshot of charges and performance data. Will they impact consumers’ internet diet? And a recent survey finds that CEOs are feeling pretty optimistic.


A death sentence for one of the biggest bank frauds in history

From the BBC World Service: A Vietnamese court sentenced property developer Truong My Lan to death after she was convicted of taking $44 billion from one of Vietnam’s largest banks. Also, South Korea’s liberal opposition party won in a landslide majority in the country’s general election. And paralympian Stef Reid is asking sportswear companies who use amputee athletes in their marketing why it’s not possible to buy single shoes.


Interest rates are not coming down any time soon

That’s the conclusion of many investors this morning, following the release of the consumer price index. Consumer inflation clocked in at 3.5% annually, while central bankers are looking for a figure closer to 2%. We’ll talk through the data. Plus, a European court ruled that two Russian oligarchs were wrongly sanctioned following Russia’a invasion of Ukraine. And the Congressional Budget Office found that immigration means gains for U.S. economy.


I mean, it’s one home. What could it cost? A million dollars?

The value of a typical home has reached $1 million or more in 550 U.S. cities, according to Zillow. That’s a record high, and those not-so-affordable homes are proliferating well beyond the usual high-cost metro areas like New York, San Francisco and LA. Also on the program: what to expect from today’s consumer price index report and how a cocktail with roots in wartime propaganda manages to stay relevant.


South Korea goes to the polls

From the BBC World Service: Rising food prices, strikes and paying for an aging population were familiar themes as South Koreans voted today. Then, Spain has become the latest country to scrap so-called “golden visas,” where foreign nationals are granted residency rights in exchange for investments. And later, we hear about the aviation industry’s race against time to produce enough sustainable aviation fuel to meet the industry’s growing demands.


Attention Walmart shoppers: You may be entitled to compensation

Walmart has opted to settle a $45 million class-action lawsuit over allegedly inflating prices for certain products sold by weight, such as produce and meat products. That means if you purchased “weighted goods” from Walmart, you could be eligible for a payout of up to $500. Plus, investors are braced for the release of March’s consumer price index tomorrow, and we examine how funding from the CHIPS Act is being doled out.


Local news outlets are struggling. What are some solutions?

“What we’re living through is a historic, tectonic change in how news is produced, consumed and paid for,” says Tim Franklin at Northwestern University’s Local News Initiative. And he’s feeling encouraged. Today, we’ll discuss some of the economic models that could help bolster the sustainability of local news. But first, Tesla recently settled a case challenging how the company marketed its driver-assistance technology. We’ll hear more.


Europe’s green tech concerns

From the BBC World Service: After U.S. Treasury Secretary Janet Yellen warned about cheap Chinese green imports, business leaders in Europe are sharing their concerns about Beijing’s impact on the sector. Then, the money-laundering of 27 people connected to the Panama Papers gets underway. And later: Politicians have long utilized social media to reach voters. But whether (semi-embarassing) short dance videos are in store, is utilizing TikTok the right move for politicians?


When college costs $100,000 a year

You may want to shield your eyes. No, we’re not talking about the solar eclipse — though please do wear the appropriate glasses. Today, we’re talking about eye-popping college costs. One such example? At Vanderbilt University, some students could see a sticker price of nearly $100,000 for the upcoming school year. Also on the show: President Joe Biden’s latest student loan forgiveness plan and Treasury Secretary Janet Yellen’s “difficult conversations” in China.


Women pay more for health care. It adds up.

According to a Deloitte study, employed women pay $15 billion more each year for out-of-pocket health care than men do. We’ll unpack the reasons why and the toll these extravagant costs can take. In other health news, federal officials are taking a closer look at the role of private equity in health care. Also, two lawmakers on Capitol Hill have proposed national standards on data privacy. We’ll discuss.


Brazil judge launches Musk inquiry

From the BBC World Service: A Supreme Court judge in Brazil has launched an investigation into Elon Musk after he said he’ll defy a court order to block certain accounts on X, formerly known as Twitter. Also on the program: A chip giant looks to build a factory in Arizona, we take a closer look at seller fees on eBay, and small business owners react to TikTok’s uncertain future in the U.S.


A lot of businesses want to use AI to cut staff

A survey of corporate executives in the U.S. and elsewhere finds that nearly half expect to employ fewer people because of new artificial intelligence tools — and they expect that change to happen in the next five years. We’ll hear more. Plus, hiring was stronger than expected last month, continuing the Fed’s predicament. And later on the show, an immigrant family in Waterloo, Iowa, reflects on multigenerational living.


Checking in on a crew stranded in the Port of Baltimore

More than a week after the collapse of the Francis Scott Key Bridge, the crews of eight large cargo ships are stuck in Baltimore’s port indefinitely. Today, we tag along with a port chaplain who’s helping care for the crew members, offering a lifeline of comfort and connection. We’ll also preview March’s jobs numbers and hear about “green bank” government grants to aid the clean energy transition.