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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 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
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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




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


02/16/2018: This was supposed to be infrastructure week

Things turned out a little differently though. That's how we'll start today's episode, reflecting on the week in deficits, inflation and immigration. Then we examine the growing trend of online retailers expanding to brick-and-mortar stores. Amazon's doing it, and now Warby Parker announced plans to bring its number of stores to about 100 by the end of the year. Plus, what you need to know about esports.


02/15/2018: There's a lot we don't know about gun violence, and that's intentional

What's that saying? You can't manage it if you don't measure it? Everybody's got their own answer about how to stop mass shootings, but nobody has substantive data. That's because there's effectively a ban on spending federal money for research on gun violence. Then: We know the National Rifle Association spends big on lobbying, but thinking of the NRA as just a Washington powerhouse lobbyist obscures its actual impact in this economy. Plus, what you need to know about Google's new ad...


02/14/2018: The cost of uncertainty at the White House

We hate days like this, when there's been a shooting in a school or at a concert. There's no economic angle right after a tragedy like this. It's not our story, but we can't ignore it. So we're gonna acknowledge it, trust that you've had your fill of it elsewhere and turn to our news of the day. It came this morning with a much-anticipated but kind of underwhelming report on inflation. It's up a bit, but nowhere near as drastic as we'd all expected it to be. Nevertheless, it's one more data...


02/13/2018: Brace for inflation

We'll get the latest monthly inflation numbers tomorrow morning, before the bell, and as we saw last week, markets are a little skittish. The thing about the Consumer Price Index is we can measure it pretty well, but predicting it is a lot harder. Then, we'll look ahead to the Fed and bond markets, and how interest rates could be affected by inflation. Plus: What we can learn from Facebook's "Two Years of Hell."


02/12/2018: The federal budget doesn't work the way you think it does

The fiscal year 2019 budget the White House released today isn't what you might call an "operative" piece of fiscal policy. Congress hammered out a two-year spending plan just last week, after all. But the budget is still worth a read for some of the assumptions the Trump administration's making — like a decade of economic growth at 3 percent or more. We'll start the show by unpacking that and the White House's new infrastructure plan, and the math issues therein. Plus: Purdue Pharma, which...


02/09/2018: We made it.

What a week, right? Huge market swings, a correction and, oh yeah, a baby government shutdown. Is this the new normal? That's what we're sorting through in the conversation that kicks off today's show. Now let's be clear: We're in a correction, there's no reason to get all jittery and do something crazy with your retirement savings. That said, it's understandable that people's calculations have changed in the decade since the financial crisis. Plus, revisiting "Dan and Dave," perhaps the...


02/08/2018: It's a correction, folks

Another down, volatile day on Wall Street. The Dow closed down more than 1,000 points, and major indices are down about 10 percent from a couple weeks ago, putting U.S. markets square in correction territory. That's where we'll start today's show. Then we visit a small city in Arkansas trying to regulate the smell it says is coming from a local meat-rendering plant, and finding out there's not much it can do. Plus: Millennials aren't killing business cards, just making them weirder.


02/07/2018: We have a budget deal! (Kind of!)

As we tape this, one congressional chamber has come to an agreement about how to run the American economy, at least in part. The two-year budget deal would mean we wouldn't have to worry about shutdowns or short-term funding bills until the middle of 2019, but it still has to pass the House and be signed by President Donald Trump. We'll start today's show with the latest. Then: Farming used to be a much bigger part of prison labor, but thousands of this country's more than 2 million inmates...


02/06/2018: Let's talk about market volatility

How are we doing today? Everyone feeling a little better? With clearer eyes and some of yesterday's dive recovered, let's take a closer look at what's going on in the stock market. We'll talk about algorithmic trading, bonds and the international market. Plus, don't forget there's a whole other storm brewing: We're two days from another potential government shutdown.


02/05/2018: Take a deep breath

It's the Dow's biggest single-day point drop on record. We're starting off today's show with some context: What we know, what we don't and how serious to take it. Then: If you've ever had Wonderful Pistachios, POM pomegranate juice or Halo mandarin oranges, you're familiar with The Wonderful Company, which operates one of the largest farms in the world. Despite record droughts in California, it actually increased yields. Plus: Economic theory says the Eagles' first Super Bowl win last night...


02/02/2018: Markets go down, too (and that's OK)

You hear us say it all the time: The stock market is not the economy. That's especially true today, as the Dow took a steep dive just after a really great jobs report. We'll talk about it on the Weekly Wrap. Then: We're gonna dig into wages, because the 2.9 percent growth we saw last month was a big deal after years of stagnation. Plus: When you watch the Super Bowl this weekend, take a look at the owners boxes: full of white guys, like nearly every team in the NFL. But why?


02/01/2018: Unintended consequences

With all the drama in Washington these days, you may have missed another deadline looming soon: the federal debt limit. While the government shutdown a couple of weeks ago was about Congress failing to approve new money to pay for government services, the debt ceiling limits how much the Treasury can borrow to pay what we already owe. Thanks to the new tax law, we might hit that ceiling a little sooner than expected. Plus, we'll bring you the latest from Facebook and an excerpt from our...


01/31/2018: Yellen's last ride

Janet Yellen presided over the Federal Open Market Committee meeting for the last time as chair today. As expected, the committee left interest rates alone for now, but signaled that hikes could come later this year if inflation picks up. That depends on wages, which we learned today are up 2.8 percent year over year. That's not great, but it's the best number we've seen since early 2015. We'll talk about that, plus the latest homeownership figures. Then: After tragedies like the shooting at...


01/30/2018: Warren Buffett, Jamie Dimon and Jeff Bezos walk into a bar ...

... and walk out running a health care company. Together they employ about a million people, and it appears health care was driving them nuts. They're starting their own company that will give coverage "free from profit-making incentives and constraints." We'll start today by trying to make sense of it all. Then: Janet Yellen is presiding over her last Federal Open Market Committee meeting this week, so we'll take a look at her economic legacy. Plus: inside the black market for Twitter...


01/29/2018: The State of the Economy

There comes a time in the life of every presidential administration when, economically speaking, they own it. We're not talking here about taking credit for the economy, Trump's been doing that since the early days, but when they've earned it. With President Trump's first State of the Union tomorrow night, and the economy virtually certain to be very high up in that speech, it seemed like a good time for a reality check. That's where we're starting today, plus a big merger in beverages and...


01/26/2018: Is net neutrality a state right?

The stage is getting set for a fight over net neutrality. The Federal Communications Commission rolled back the federal rule last month, clearing the way for internet service providers to throttle or favor content. But states have other ideas. The governors of Montana and New York have signed executive orders to mandate net neutrality under their jurisdictions, and 21 states and the District of Columbia have sued to overturn the decision by FCC Chairman Ajit Pai. Plus, we'll talk about the...


01/25/2018: The world moves on

Ahead of his big speech in Davos, Switzerland, tomorrow, President Donald Trump told CNBC that while he prefers bilateral trade deals, he'd be open to a bigger agreement like the Trans-Pacific Partnership if the U.S. gets a "substantially better deal." Catch is, the 11 Asia Pacific countries still in the TPP came to an agreement this week without the U.S. Then: Ten years ago this week, the American housing market posted its biggest year over year drop since 1973. The housing crisis was in...


01/24/2018: How much a dollar really cost?

We're gonna spend some time today with the dollar. The greenback. The world's reserve currency. Treasury Secretary Stephen Mnuchin said something truly extraordinary today: "Obviously a weaker dollar is good for us, as it relates to trade and opportunities." It's been the stated policy of the American government for decades that we want a strong dollar that inspires confidence in the American economy. So we'll start today's show looking at all the different angles of the value of the...


01/23/2018: The economic crisis, 10 years later

Ten years ago this week, the Fed unexpectedly slashed interest rates at an unscheduled meeting. This was early in the slow-motion collapse of the American economy, and it was in some ways a warning of how bad the recession was gonna get, and a giveaway as to how little we actually knew about what was coming. We're looking back at that decision today as we kick off Divided Decade, our yearlong project on the financial crisis and its aftermath. We're also bringing you a story about how the...


01/22/2018: This is just the way it works now.

When all is said and done, this week's government shutdown will have lasted 60 hours, give or take. There's a deal in place that'll get things back to normal by tomorrow morning. But what's "normal" even mean? We might be getting used to government run on a deadline, three weeks at a time or so, but that's not exactly "normal." And yet, the economy seems to be giving that not-normalcy a pass. That's where we're starting today's show. Then, we'll get the real issue underpinning the...


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