Marketplace

Weekdays 6pm
  • Hosted by Kai Ryssdal

Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us."  Hosted by Kai Ryssdal, award-winning Marketplace is public radio's daily magazine of business and economics. Marketplace takes a fresh approach to business news covering  listeners from wallet to Wall Street. 

The Hankamer School of Business at Baylor University and Mc Lane Intelligent Solutions are local sponsors of Marketplace on KWBU.

For program sponsorship information, contact Bill Leek at 254-710-4472.

Banks count their blessings in recovery

40 minutes ago

Three big banks posted their quarterly results Friday. And they were good. When you hear that profits at a bank like JPMorgan Chase were up almost 25 percent, you have to wonder: Why? Well, one reason is banks are making a lot more from you and me.

Click the audio player above to hear the full story. 

For the first time since the Affordable Care Act became law in 2010, premiums are going down for most policies sold in the federally run exchanges. 

One reason 2019 premiums will be 1.5 percent lower? It has to do with how high they were in 2018. They increased by an average of 36.9 percent for 2018, said Larry Levitt, senior vice president of the Kaiser Family Foundation. 

"These premium decreases are really about returning excess profits," he said. 

When mortgages hit the roof

3 hours ago

It’s become more expensive to borrow money for a house or condo.

The average 30-year fixed-rate mortgage has climbed to 4.9 percent — the highest rate in seven years, according to data from Freddie Mac. However, over the past several decades, rates below 5 percent haven’t been the norm. They started dipping below that figure in the late 2000s, eventually bottoming out at 3.31 percent in November 2012. 

Here come the consultants

4 hours ago

With an avalanche of tariffs to navigate, companies are facing a lot of uncertainty over how to plan ahead. Meanwhile, business is booming for trade consultants. We'll talk about it, but first: mortgage rates have hit a seven-year high, and Obamacare prices are dropping for the first time. What's going on? Plus, how nonprofits fund raise after scandal.

Trade consultants get a boost from tariff tensions

4 hours ago

The tit-for-tat tariff war between China and the United States has been bad news for lots of importers in this country. In the last few months, the Trump administration has published three lists of products made in China that now carry 10 percent tariffs, and that could go up to 25 percent on January 1. Companies are struggling with whether to pass that cost onto customers, swallow it or do something else. And there are options out there if you know whom to ask. Trade consultants have seen their business rise lately along with importers' woes. 

(Markets Edition) The volatile nature of the markets, especially this week, can take a mental toll on anyone paying attention. It hasn’t been this active since February, so we talked to market pro Barry Ritholtz, founder of Ritholtz Wealth Management, about it. Then, despite all the news of trade tensions between China and the U.S., China actually has a trade surplus with the U.S. Nancy Marshall Genzer has more.

Mortgage rates hit highest level in 7+ years

8 hours ago

It’s getting more expensive to get a mortgage. Data out this week from Freddie Mac shows the average 30-year fixed-rate mortgage is 4.9 percent. That’s the highest it’s been in seven years. What does that mean for prospective home buyers? 

 

(U.S. Edition) The Dow’s roughly 1400-point drop this week seemed to have a ripple effect across the global markets as well, but now things appear to have settled down as of Friday morning. We talk to Barry Ritholtz of Ritholtz Wealth Management on how to deal with this kind of activity day-to-day. Then we check in with columnist and ProPublica editor Allan Sloan about the role of interest rates in the ongoing tale of President Trump and his blaming of the Federal Reserve for the market issues this week.

(Global Edition) From the BBC World Service … Businesses are turning away from Saudi Arabia after reports a dissident journalist was killed by the country’s security forces. Then, we hear from Paul Romer, who won this year’s Nobel Memorial Prize in economic sciences for his research into how innovation can be used to protect the environment. Afterwards, Netflix and Amazon are battling in India to increase viewers. But competition from Indian production houses is complicating efforts.

In just the last week, Facebook and Google have both announced new smart speakers with video screens. And Amazon is heck-bent on putting Alexa in everything. On the one hand, people seem to want these doohickeys. Research firm Canalys says global smart speaker sales grew 187 percent in the second quarter of this year. On the other hand, an always-on, always-connected listening device in the home really freaks some folks out. Let's dig into this in Quality Assurance, the segment where we take a deeper look at a big tech story.

In just the last week, Facebook and Google have announced new smart speakers with video screens. And Amazon is bent on putting Alexa in everything. On the one hand, people seem to want these doohickeys. Research firm Canalys says global smart speaker sales grew 187 percent in the second quarter of this year. On the other hand, an always-on, always-connected listening device in the home really freaks out some folks. We dig into this in Quality Assurance, the segment where we take a deeper look at a big tech story.

Retirees and other Americans who get Social Security benefits will start receiving bigger checks come January. The 2.8 percent boost, which amounts to about a $40-per-month increase on average, is intended to be a cost-of-living adjustment. This will be the biggest adjustment to Social Security payments in the past seven years. Marketplace spoke with a few of the estimated 67 million Americans receiving benefits about how the extra money will help.

How food banks are reaching high-risk seniors

Oct 11, 2018

The AARP estimates more than 10 million people 50 and older are at risk of going hungry every day in the United States. In Florida, where many baby boomers retire, this food insecurity is compounded by a lack of public transportation. Some food banks are holding food drops to bring food and other health-related events to the neighborhoods where they live in an attempt to reach more high-risk seniors.

This story was produced by the Marketplace hub at WMFE in Orlando.

Questlove on "chasing ghosts"

Oct 11, 2018

If you watch late night TV — "The Tonight Show Starring Jimmy Fallon," in particular — you probably know the show’s house band, The Roots. And perhaps you'd recognize its drummer and frontman, Questlove, aka Ahmir Khalib Thompson.

Thompson is also a DJ, a producer, an author, a foodie, and a podcaster on Pandora with "Questlove Supreme." He came into the studio Thursday to talk with Marketplace host Kai Ryssdal. The following is an edited transcript of their conversation.

Why do gas prices end in 9/10 of a cent?

Oct 11, 2018

This series originally ran during February 2014. We're republishing it today in light of our Make Me Smart podcast's new Explainathon episode, which included the first question here. The rest are good too, and the original article appears below.

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