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  • 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.

Balloons are no longer just for birthday parties. Companies are creating air-filled works of art that can cost thousands of dollars.

Rihanna and LVMH announce new luxury fashion house

May 10, 2019

Superstar singer Rihanna is already known as a fashion icon and, certainly since the launch of her make-up line Fenty Beauty, as a business phenom.

Farmers hoped for a trade deal. Instead, tariffs went up

May 10, 2019

The U.S. and China could have struck a deal this week, putting an end to the longstanding trade war between the world's two largest economies.

Instead, President Trump raised tariffs on more than $200 billion worth of Chinese imports. The rate was raised from 10% to 25%, sending shock though the stock market.

U.S. agriculture has been hit particularly hard by trade tensions. American farmers have been paying retaliatory tariffs to China for soybeans and other crops since last year.

Uber had its much-anticipated initial public offering Friday — despite losing $1.8 billion over the last 12 months, which makes it the all-time biggest money-losing IPO. The results were less than spectacular: Uber priced its shares toward the low end of estimates at $45 a share. They opened at $42 and closed at $41.55.

Meanwhile, shares in Uber's rival Lyft have lost nearly a third of their value since that IPO back in March.

Life on America's rivers

May 10, 2019

The people piloting America’s river boats are part of what keeps this economy working. By hauling petroleum, agricultural products and other goods along our inland waterways, the U.S. tugboat, towboat and barge industry contributes about $33 billion to our annual GDP, according to a study conducted by PwC.

President Donald Trump said Friday that trade talks between China and the U.S. were continuing in a “very congenial manner” despite new tariffs the U.S. imposed Friday on $200 billion in Chinese imports and Beijing’s vow to retaliate.

In a series of blustering morning tweets, Trump also said the new tariffs will help rather than hurt the U.S. and bring “FAR MORE wealth.” He offered a proposal he said would ease any negative impact on U.S. farmers from lost sales to China.

Farmers thought it was going to be a good week

May 10, 2019

American farmers thought it was going to be a pretty good week. Until President Donald Trump announced a tariff hike on Chinese goods. That hike went into effect today, so we see how farmers are feeling. Also: Uber started publicly trading today, off 7.5% on Day One, so we look at why investors seem skeptical about the ride-hailing business. Plus: a snapshot of economic life on America’s riverboats.

How does an IPO get its value?

May 10, 2019

The ride-hailing company Uber goes public Friday in one of the biggest initial public offerings in history. Uber, however, is not seeking every penny it can potentially get from investors in its IPO. The company has priced its initial shares at $45 per share, at the low end of the price range the company and the banks it enlisted for help with its IPO had originally suggested.

The hidden junk economy on the Miami River

May 10, 2019

If you travel down to the Miami River in Florida, you might come across a micro-economy that centers around “break-bulk" shipping, a labor-intensive system where cargo is moved piece by piece, by people, instead of in giant metal crates and automated equipment.

It's also a system that runs on orderly chaos — there are no set quotas; people who use the break-bulk system are usually sending thrift store junk; and prices for shipping said junk can be haggled over as they would at a flea market.

Shoes the wrong size? Nike has an app for that

May 10, 2019

Nike says three out of every five people are wearing shoes that are the wrong size. So the sneaker company is launching an app to measure customers' feet before they order. It’ll be available on phones and in stores in July. It could help the athletic apparel maker minimize the perennial and expensive problem of returned merchandise.

Russia plays oil diplomacy card in Middle East

May 10, 2019

As the United States has pulled back from the Middle East — politically and economically — a new powerbroker is trying to move in: Russia. Moscow has leveraged its oil market power to partner with the Organization of the Petroleum Exporting Countries (OPEC) and the oil cartel's most powerful member, Saudi Arabia.

Click the audio player above to hear the full story.

The wage gap between working mothers and working fathers is at least $18,000 a year, according to a new analysis by the National Women’s Law Center. It’s even larger for women of color: black mothers lose $30,000 a year; Latina mothers, $35,000.

Maya Raghu, director of workplace equality at the National Women’s Law Center, said discrimination and stereotypes about mothers’ commitment to work are to blame.

AI is just doing it

May 10, 2019

President Trump appears to be very comfortable with long-term tariffs. AI might help you order the right-sized Nikes online. Plus, with the U.S.'s gradual economic and political egress from the Middle East, Russia is finding an opportunity to fill the vacuum in the petroleum supply chain.

Today's show is sponsored by Indeed, the Michigan Economic Development Corp. and Wasabi Hot Cloud Storage.

Moscow fuel

May 10, 2019

Talks are continuing following the U.S. announcement that it's officially raising tariffs on Chinese goods, and more threats from President Trump keep coming, but China is already saying it will hit back. Plus, with the U,S.'s gradual economic and political egress from the Middle East, Russia is finding an opportunity to fill the vacuum in the petroleum supply chain.

Today's show is sponsored by Indeed, the Michigan Economic Development Corp. and Wasabi Hot Cloud Storage.

This week, Google showed off lots of new privacy-oriented tools and products and user agreements at its big developer conference, Google I/O. Apple is marketing privacy. Facebook is promising privacy, eventually. Federal officials are still trying to figure out privacy laws and regulations. But Nobel Prize-winning economist Paul Romer says company promises and even regulations won't change anything because the ad-supported business model is what's broken.