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Marketplace Morning Report

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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.


United States


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.




Is the Commerce Department becoming the worker retraining department?

Commerce Secretary Gina Raimondo is set to deliver her first big policy speech. The department casts a wide net over a variety of areas and roles, but Raimondo is pledging to turn the department’s focus inward. Kimberly Adams joins us to discuss what that means. Then, we discuss the markets with David Kelly, chief global strategist at JP Morgan Funds. We then looking into how health care workers are preparing for staff shortages as they face mandated vaccines.


The British Army could step in to ease panic-buying of fuel

From the BBC World Service: There aren’t enough truck drivers to deliver fuel to gas stations right now and some have run dry. The U.K. government says there is enough gas to go round, provided it can be delivered. Plus, the boss of the Islamic Bank of Afghanistan says the country’s financial system is on the brink of collapse. And, how “flood wine” is helping German winemakers who suffered huge losses after devastating floods this summer.


The pandemic has brought younger people more credit card debt

About 40% of people with credit card debt have more debt now than they did when the pandemic began, according to a new survey out today from Bankrate. However, within that group are people under the age of 40. We look into how they got there. We also discuss the resignations of the Boston and Dallas Fed chiefs and the trading controversy around them. Retailers are also gearing up for an unprecedented pandemic-era shopping season.


Flood-scarred town illustrates Germany’s infrastructure, climate change questions

Germany’s election for a new chancellor is over, and one of the larger talking points on the campaign trail had been climate change, especially after summer floods led to decimation and even deaths in some parts of the country. The BBC shares reports from its travels to those areas. Julia Coronado converses with us about deferred optimism in the markets. A new survey also reflects economists’ tempered expectations of growth.


Women in the corporate world are burning out … but they’re also leading

A new report from McKinsey & Company and Lean In on the state of women in the workplace says burnout among women in corporate America has gotten even worse since last year, but there’s a silver lining in the data. We speak with China correspondent Jennifer Pak about Huawei executive Meng Wanzhou, who is returning to China after an extradition battle with the U.S. over Iran sanction violations. The 74th Tony Awards on Sunday night was a signal that Broadway productions are starting to open...


German markets up on election outcome

From the BBC World Service: Germany’s Dax index was up around 0.9% in early trade, as markets absorbed the outcome of Sunday’s election. And in the wake of widespread flooding across Germany earlier this year, we find out how infrastructure might be improved to minimize the impact of climate change.


Deadlines tied to billions – and trillions – are closing in on Congress

Lawmakers in Washington face a number of crucial deadlines in the coming days denominated in hundreds of billions and trillions. There’s funding for the Biden infrastructure plan, plus the feds running out of money and the ability to borrow. Nova Safo joins us with more details. Then we head to Germany, where elections for the next chancellor are taking place. The BBC checks in with the local business climate there to see where business owners stand on some of the issues that could affect...


Monoclonal antibody treatments help with COVID-19, but not without a cost

On the COVID-19 front, monoclonal antibody treatments have increased in both supply and demand, but there are plenty of costs to consider. Getting treatment can not only get pricey, but it can also thin out resources. There’s also the question of availability. In China, property giant Evergrande is about $300 billion in debt, and the deadline to address that debt has come and gone. Is it possible that a bailout could be in the works? There’s been plenty of regulation in store for food...


US central bank poised to ease up on economic stimulus this fall

There are strong signals that the Federal Reserve could be lowering the setting on economic stimulus later in the fall. Nancy Marshall-Genzer shares details on what the Fed might have planned. The White House is holding another meeting today with representatives of major companies to try to find solutions to the semiconductor chip shortage. The Evergrande debt saga in China is providing a few harsh lessons to be learned for the rest of the world, as Diane Swonk notes in our markets...


A look back the Enron scandal after nearly 20 years

It was 20 years ago next month that energy giant Enron — then the seventh-largest company in the U.S. — collapsed, resulting in historic layoffs and ravaging retirement savings accounts. We speak with Bethany McLean, a financial reporter who covered Enron for Fortune, about whether or not punishment for white-collar crime is still a real thing after all these years. There’s more to discuss regarding the Fed, and the upcoming holiday shopping season does not seem to mean good cheer for FedEx...


Boeing will build its first overseas factory in Australia

From the BBC World Service: American aerospace giant Boeing has announced that it will build its first factory outside the U.S. in Australia. It will produce unmanned military drones and is expected to create 3,500 jobs by 2028. India is second in the world for coal consumption, but it has set ambitious renewable energy targets. Is it ready to wean itself off of coal?


How is the economic recovery actually going?

In light of China real estate developer Evergrande’s debt issues and the markets trending upward, Susan Schmidt joins us for our economic discussion to help us break down how players in the market might be absorbing all this. The BBC reports on China’s pledge to stop building new coal-fired power plants abroad. The Department of Justice has taken issue with what it sees as an alliance between JetBlue and American Airlines. And, we take a look at the economic dynamics behind China’s shopping...


Meet the Fed’s circle of power: The board of governors

We take a look at the power structure of the Fed, where decisions there affect everyone in America. Those decisions include how the central bank of the U.S. plans to keep propping up the economy during the pandemic. We explore how the anti-abortion law in Texas could have an effect on recruiting in the tech industry. We also examine how some hospital systems still face overwhelming odds in the fight against COVID-19.


China to stop building coal power plants abroad

From the BBC World Service: China has announced at the United Nations that it will stop building coal plants overseas. Chinese property group Evergrande says it has agreed to a deal with domestic bondholders, who are due payments of around $36 million. Ahead of the U.N. climate summit in Glasgow, Justin Rowlatt is traveling around the U.K. taking stock of its green potential. Today, he’s looking at how composting could be one key to a renewable economy.


What’s a vice chair of supervision? At the Fed, it’s kind of a big deal.

The job description is vague, but the power is real for the Fed’s vice chair of supervision. The person in this position at the Fed is basically the top banking cop in charge of enforcing Dodd-Frank mandates. We delve a little more into what this job entails as President Biden is looking to fill this spot and others. Christopher Low joins us to discuss the markets. The president’s easing of international travel restrictions has some businesses hopeful for an upswing in visitors.


Could a timeline of tapering pandemic support be coming from the Fed?

The Federal Reserve begins a two-day meeting today, and one thing on the agenda will be talk of when to start pulling back on Fed bond purchases designed to keep the money moving during the pandemic. A global group also had a warning today about countries that withdraw support for their economies too soon. We also check in with a business owner who benefited from a program that helps businesses rebuild and adapt from the damage of the pandemic.


India to resume coronavirus vaccine exports

From the BBC World Service: India is the world’s biggest vaccine manufacturer, and the country’s health minister has announced it can resume coronavirus shot exports from next month. And we hear about the factors likely to influence the future of Africa’s tariff free deal for access to U.S. markets, the African Growth and Opportunity Act.


Virus concerns have led to a scarcity of substitute teachers

Many school districts are struggling to find substitute teachers. One reason is surging COVID cases in some areas, prompting administrators to juggle quarantine-sparked sick days and absences. Julia Coronado chats with us about the sharp drop in stock markets, and what China might have to do with it. We discuss natural gas prices. And, the BBC reports on whether or not undersea mining could be the solution to acquiring more hard-to-find metals for electric vehicle batteries.


Janet Yellen issues another warning to Congress about the debt ceiling

In a Wall Street Journal op-ed over the weekend, the U.S. Treasury Secretary said a national debt default would permanently weaken the U.S. and make consumer borrowing more expensive. We explain how this warning might be different than others. Michael Hewson joins us for a chat about the economy. Also, vinyl record sales have been enjoying quite the climb up the sales charts.