Business news

At the RNC, Hispanic Chamber endorses Clinton

Jul 20, 2016
Kim Adams

The U.S. Hispanic Chamber of Commerce has broken from its own tradition and endorsed a presidential candidate. In a major snub to the GOP, the group’s president announced its endorsement of Hillary Clinton from the Republican National Convention in Cleveland. 

Unilever purchases Dollar Shave Club for $1 billion

Jul 20, 2016

On today's show, we'll talk about Unilever's decision to buy the Dollar Shave Club and what that acquisition symbolizes; check in with Greek residents whom we spoke to last year during the height of the country's debt crisis; and look at the planned full-scale launch of Deezer, a French music streaming service, in the U.S.

Who is and isn't talking about the economy

Jul 20, 2016
Andrea Seabrook, Nancy Marshall-Genzer, Katie Long and Gina Delvac

The theme for Tuesday at the RNC — "Make America Work Again" — was barely touched upon. And while the economy was top of mind for many Republicans on the floor, it was not a point of unity.

Blogger Leandra Medine on fashion and intellect

Jul 20, 2016
Lisa Martine Jenkins

It is rare that a writer becomes a veritable, recognizable celebrity. But at only 27 years old, author and fashion blogger Leandra Medine is the exception to the rule.

While studying journalism in college, Medine started her fashion blog Man Repeller in order to have clips to show when she started applying for writing jobs after graduation. Those clips were never needed; by the time she graduated, she was the writer, editor, stylist and model of a monetized entity.

Sam Beard

Brexit has put Grexit in the shade. The British vote to leave the European Union has dominated the economic headlines this summer and overshadowed the fear that Greece — the EU’s most vulnerable and debt-laden country — would crash out of the eurozone.

So whatever happened to that Greek crisis? It has certainly receded, but how is it still affecting the lives of ordinary Greeks?

Roger Ailes reportedly out as head of Fox News

Jul 19, 2016
Kai Ryssdal

A quick follow to a story we brought you yesterday

One has to imagine this is the subject of much conversation in Cleveland — early reports in New York Magazine that Fox News chief Roger Ailes is on the way out after a sexual harassment lawsuit.

Even among Republicans, the inside-outside line isn't always clear

Jul 19, 2016
Andrea Seabrook and Nancy Marshall-Genzer

Everybody’s talking about the news late Monday out of the Republican convention that Melania Trump’s speech last night may have lifted parts of Michelle Obama’s convention speech, back when she was the prospective first lady. The Trump campaign’s response to all this? That the “team of writers" who worked on her speech "included fragments that reflected her own thinking." For a candidate who says he’s a political outsider, that sure sounds like "insider" language.

D Gorenstein

It seems like most every time there’s serious political unrest somewhere in the world social media plays a central role.

That certainly happened last week with the failed coup against President Recep Tayyip Erdogan in Turkey.

When Twitter and Facebook were slowed down during the coup attempt, Eva Galperin with the Electronic Frontier Foundation said social media updates from those sources kept coming.

“These kinds of blocks are so common in Turkey, almost everybody who uses the internet is extremely familiar with how to circumvent internet censorship,” she said.

On today's show, we'll talk about investors who putting their money into automated indices; how golf courses in Arizona make ends meet in the heat; and the rise in Nintendo's worth to more than $42 billion. 

How golf courses beat the heat

Jul 19, 2016
John Jenkins

For a lot of the country, this is peak season for the golfing industry. But in the Southwest, it’s just the opposite. High temperatures keep golfers off the links, while water and upkeep costs strain maintenance budgets. In Arizona, courses take different approaches to make ends meet.

At the Tournament Players Club (TPC) in Scottsdale, it’s noon and the temperature on the first tee is 105 degrees.

Fiat Chrysler faces federal investigation

Jul 19, 2016
Lane Wallace

Fiat Chrysler, the Italian car company that produces Ram and Jeep, is under scrutiny from the U.S. Department of Justice and the Securities and Exchange Commission, according to news reports. The investigations come after a lawsuit filed in January 2016 alleging the company bribed dealers to falsely boost sales numbers.

Dr. John

On a recent afternoon in downtown Chicago, Paul Dailing stood before a dozen tourists wearing comfortable shoes and posed a question: “Who wants to spend three hours getting depressed about governance?”

Dailing is the creator of one of the city’s hottest new attractions, the Chicago Corruption Walking Tour.

He told the group he could barely keep up with current events, and warned, “[The tour] is not in any capacity going to be comprehensive.”

Everyone will pay more to protect police officers

Jul 19, 2016
Andy Uhler

Police in Boston, Los Angeles, Chicago and other cities are taking extra precautions as a result of fatal attacks on officers in Dallas and Baton Rouge. The New York Police Department said its officers will patrol in pairs for the foreseeable future.

Ronnie Lowenstein, director of New York City’s Independent Budget Office, said, as a result, they're expecting an increase in overtime.

“We will see that, if it does, show up in the numbers over the next few months,” she said.

But she also said it’s too early to know if extra patrol officers will mean more overtime.

Kai Ryssdal

We noted a similar thing with the Brits right after the Brexit vote, so a sense of fair play dictates we hold ourselves to a similar standard.

Remember much fun was made of Brits after that vote for Googling the answer to "what is Brexit?"

This item from Google Trends today as Republicans gather in Cleveland to pick their nominee for president:

Top question: "What is the RNC Convention?"

Marketplace for Monday, July 18, 2016

Jul 18, 2016

Marketplace's Washington Bureau Chief Andrea Seabrook reports from the Republican National Convention and what's to come from Marketplace's new podcast, "Politics Inside Out;" why Roger Ailes may soon be out as head of Fox News; and the second part of our story from the other Cleveland — Cleveland, Mississippi, Kai talks with locals and civil rights activists about why the state still struggles with and race economic equality.

The other Cleveland: Crossing the divide

Jul 18, 2016
Kai Ryssdal and Tommy Andres

This is the second in a two-part report on economic inequality and race, reported in conjunction with Frontline and PBS NewsHour for the collaborative series "How the Deck is Stacked." The first aired last Friday.

Marketplace staff

Bridgewater Associates is pulling back from recruiting new hires, the New York Times reported this weekend. The hedge fund has reportedly cancelled dozens of interviews and stopped using external recruiters for the time being.

Donna Tam

Turkey, a country already struggling with flagging tourism, continues to feel the economic effects of the recent attempted military coup.

Turkey’s currency, the lira, fell by nearly 5 percent on Friday following news of the takeover declaration. The lira recovered a bit today, rising 1.4 percent, but other aspects of the country’s economy may not bounce back as quickly.

Boonville is hoping a gun-making plant can boost its economy after a decade of manufacturing job losses. CMMG is seeking a $200,000 forgivable loan from Boonville so it can move its operations from rural Fayette, about a half an hour to the north. 

SoftBank to buy ARM for $32 billion

Jul 18, 2016
Lane Wallace

SoftBank, a Japanese telecommunications firm, is buying the British chip company ARM, which designs tiny processors that go in phones and computers all over the world.  

This deal is valued at more than $32 billion, and comes as the British pound is down against the yen.

What's in store for Turkey's future

Jul 18, 2016
David Brancaccio

After a military-backed coup in Turkey failed over the weekend, forces loyal to the country's government have been rounding up perceived opponents of the regime. But the Turkish economy continues to function, despite the region's political turmoil. Its currency, the lira, fell 4.6 percent on Friday as the news broke, but has recovered about half of that in trading so far today.

What does this all mean for Turkey's future? Or even Europe's future?  Ian Bremmer, the president and cofounder of the Eurasia Group, joined us to talk about where the country seems to be headed.

Inside and outside the fence

Jul 18, 2016
Andrea Seabrook, Nancy Marshall-Genzer and Katie Long

From the Republican National Convention in Cleveland, we take a look at the barriers between the convention and the city — physical and psychological — and ask, who is this convention really for, anyway?

D Gorenstein

It’s a landmark day for transgender Americans.

Under a new policy from the U.S. Department of Health and Human Services, doctors and hospitals that receive federal funding face penalties if they discriminate against people based on their gender or their gender identity.

One study shows 70 percent of transgender people have experienced discrimination in health care.

Far from convention lights, life in Cleveland, Mississippi

Jul 15, 2016
Kai Ryssdal and Tommy Andres

As part of our collaborative series with PBS NewsHour and Frontline called "How the Deck is Stacked," we're examining how race, poverty and economic mobility intersect in America.

The Republican National Convention kicks off in Cleveland, Ohio, on Monday. 

Marketplace Weekend for Friday, July 15, 2016

Jul 15, 2016

On this episode of Marketplace Weekend, guest host Molly Wood goes long and short on the week's news with panelists Kimberly Adams of Marketplace and Mike Isaac of the New York Times. We hear the story of how Austin rideshare companies have reacted to the ouster of Uber and Lyft, and our listeners weigh in on the ongoing conversation about what makes a good boss. Lizzie O'Leary reports from Germany on how refugees and immigrants are integrated into the workforce there -- she also speaks with Molly about her reporting trip to Germany and the UK.

Tony Wagner

When Britain shocked the world by voting to leave the EU a few weeks ago, we weren't the only ones thinking about how affordable British vacation might be. Searches for flights to the U.K. spiked across Europe the day after the vote, and flights from the U.S.

Mark Garrison

The U.K.’s vote to leave the European Union is raising questions about how America’s business ties with Britain may change.

We wanted to talk about the issue with Antonia Romeo, the U.K.'s new Consul General in New York and the Director General of Economic and Commercial Affairs USA. A big part of her new job is keeping ties with the American business community strong, which has created new challenges following the Brexit vote. 

On starting her job under different circumstances than she might have expected:

Bank earnings show higher lending at lower rates

Jul 15, 2016
Amy Scott

Banks are the name of the game Friday, as Wall Street digests quarterly earnings news from Wells Fargo, Citigroup and others. Citi beat analyst expectations, though profit fell by 17 percent from a year ago to $4 billion. Wells Fargo's net income fell to $5.6 billion, down from $5.7 billion in the second quarter of 2015.

The announcements follow Thursday’s better-than-expected report from JPMorgan Chase. After a rocky first quarter for many banks, JPMorgan made $6.2 billion in the second quarter, fueled by strong trading profits and growth in lending.

Bill to require GMO labeling passes Congress

Jul 15, 2016
Lane Wallace

A bill that would require some sort of GMO labeling on food packaging is headed to President Barack Obama’s desk after years of wrangling, and many say it’s a fair compromise.

But passing the bill doesn’t end the debate over how to signal when foods have genetically modified ingredients.

The federal bill would override a labeling law that just went into effect in Vermont.  

In this episode of Three Broke Mice, we’re navigating our way into the complex and increasingly profitable world of the emoji. If you’re not familiar with the concept, they’re colorful icons—from funny faces to food to symbols—loved by smartphone and social media users the world over.