Marketplace Morning Report
Weekdays during Morning Edition (6:51am and 8:51am)
Marketplace Morning Report is the morning sister program from the award-winning staff of Marketplace. Bringing you the morning business news "for the rest of us" in the time it takes you to drink your first cup of joe, MMR is a great way to start your day.
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The cost of health insurance is becoming increasingly unaffordable. With many Affordable Care Act marketplace subsidies set to expire, coverage is about to get even more pricier for more than 20 million people next year. These growing costs are fueling interest in a market for cash-only doctors. Today, we'll hear more. But first, all of those government layoffs and employee buyouts have hit the labor market. We’ll discuss.
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How many jobs did the U.S. economy gain or lose last month? We'll find out later this morning. The numbers are about a week late, as the folks at the Bureau of Labor Statistics needed a minute to catch up after the government shutdown. Economists' expectations are low. Then, an investigation in New York looks into allegations of systemic fraud big banks are facing over foreclosure auctions. We'll help you understand the story.
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From the BBC World Service: Volkswagen has been making cars in Germany for 88 years. In all that time, it's never closed a manufacturing plant in its home country until now. On Tuesday, the last vehicle will roll off the assembly line at the VW plant in Dresden. It comes as the company struggles with the transition to EVs. Plus, the head of Ukraine's largest energy provider says his company is living in permanent crisis mode as Russia steps up attacks on the country's energy grid.
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There’s more evidence that China’s economy is stalling. Beijing released a batch of government data today that was not encouraging. Chinese consumers have slammed their wallets shut, and data from the National Bureau of Statistics of China paints a picture of stagnating investment, output, and consumption. And later, we'll preview long-delayed economic data slated to come out this week and learn why retailers are hiring fewer workers for the holiday shopping season.
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This week, the Senate is set to take up the $900 billion National Defense Authorization Act. The House passed it last week. It is more than 3,000 pages of defense policy planning that the Senate will be digging through; the actual funding of these plans comes later. But there's also a whole lot of stuff that's not defense-related. Today, we'll dig in. Plus, we'll hear how China came to dominate in money laundering.
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From the BBC World Service: "It's like I'm standing inside a cloud of dust and smoke," says BBC correspondent Devina Gupta of air quality in India's capital. Residents there have been urged to stay indoors, and new restrictions are affecting worker productivity and costing businesses. Then, a Hong Kong court has found media tycoon Jimmy Lai guilty of sedition. And later, retailers in the U.S. are hiring a record low number of seasonal employees.
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The Trump administration is reconfiguring a government watchdog that grew out of the Great Recession. The Financial Stability Oversight Council watches out for risks to the financial system to prevent the future need for government bailouts. Now, the Treasury Secretary says the watchdog will focus on boosting economic growth and easing regulations that he says impose “undue burdens." Plus, we follow the money from Machu Picchu and examine the appetite for "extended range" EVs.
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It’s the most wonderful time of the year — and with that, the obligatory office holiday party. Thing is, some choices around holiday parties can tell a story of how a company is doing. Who's there? Who's chatting together or sticking to a corner? What food and drink are being served? Today, we'll help you read the room. But first, most regional Federal Reserve bank presidents have been reappointed, despite some Trump administration proposals to exert greater control over the Fed's regional banks.
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From the BBC World Service: Reddit has filed a lawsuit calling for Australia's social media ban for children under 16 to be declared invalid. The text-based forum is one of 10 online platforms covered by the ban, which came into force this week. And later in the program, we head to Peru, where conflicts are brewing over how money from Machu Picchu tickets is being spent and whether it's benefiting tourists and locals.
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The Federal Reserve decided to cut interest rates again at its meeting this week, partly because Fed officials think the labor market is weaker than it appears. This morning, we'll hear why Fed Chair Jerome Powell says estimating job growth can be so tricky. Also on the show, we'll dig into the drone warfare industry, central to the ongoing Russia-Ukraine war. Plus, are we past tariff inflation yet?