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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.

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As more communities across the country face flooding, wildfires and other natural disasters, some are starting to ask questions about new development. In Bastrop, Texas, a small city outside of Austin that has seen rapid growth, officials have paused new construction. The city wants to use this time to update its regulations to try to prevent damage from flooding.

(Markets Edition) Affordable housing isn’t just an issue in packed, urban areas. A new study has found that half of rural counties are also in dire need of it. Then, we look at the markets in light of the new NAFTA agreement as well as a monthly index of the manufacturing sector.

Amazon, which has faced political and economic pressure to raise pay for thousands of employees, is boosting its minimum wage for all U.S. workers to $15 per hour starting next month.

The wage hike will benefit more than 350,000 workers, which includes full-time, part-time, temporary and seasonal positions. Employees at Whole Foods, which Amazon now owns, will get the same pay hike. Amazon's hourly operations and customer service employees, some who already make $15 per hour, will also see a wage increase, the Seattle company said.

TransCanada, the company behind the Keystone XL pipeline, is pressing forward with plans to build an oil pipeline between Alberta and Nebraska. Many landowners along Nebraska’s portion of the company’s planned route have joined the Nebraska Easement Action Team to help them resist the pipeline by refusing to sign easements or negotiate with the company. Others have even raised constitutional issues that will be argued in Nebraska’s Supreme Court in November. Other landowners who haven’t joined are trying to negotiate a better deal themselves. 

(U.S. Edition) While the new USMCA (formerly known as NAFTA) agreement addresses a variety of issues, one thing that’s still left unattended are the U.S. tariffs on steel and aluminum. Meanwhile, Italy and the European Union are on the verge of a budget battle, as Italy’s proposed budget has more deficit spending than the EU prefers.

Auto chiefs cautiously welcome new NAFTA

Oct 2, 2018

(Global Edition) From the BBC World Service ... Car bosses have gathered at the Paris Auto Show and the hot topic is the new NAFTA. Chiefs of BMW and Toyota tell us their thoughts. British Prime Minister Theresa May tells us once again that businesses can be reassured in the face of Brexit, despite what some firms are saying about its aftermath. In the midst of London's concrete jungle, in its first commercial vineyard since the Middle Ages, we visit a social enterprise with a unique purpose.

In the insanely popular video game "Fortnite," players can spend about $5 to unlock dances called emotes for their characters to perform. And these dances are everywhere. You see them on playgrounds, in pro sports, and there are "Fortnite" dance classes. But are these really "Fortnite" dances? Most of them appear borrowed, like the dance called “Ride the Pony,” which is pretty clearly “Gangnam Style.” There's the one called “Fresh” which is a dead ringer for the “Carlton Dance” from the "Fresh Prince of Bel-Air."

In the insanely popular video game "Fortnite," players can spend about five bucks to unlock dances called emotes for their characters to perform. And these dances are everywhere. You see them on playgrounds, in pro sports, and there are "Fortnite" dance classes.  But are they really "Fortnite" dances?

General Electric told investors today it has ousted CEO John Flannery after only about a year in the job. The company said it's also going to miss profit forecasts this year. These are tough times at one of America's most iconic businesses, which raises the question: What is the role of an industrial conglomerate like GE in today's economy?

Click the audio player above to hear the full story. 

In the growing cities of the early 20th century, rent strikes were a common tool to protest conditions in crowded tenements. But the practice is making a modern-day comeback in cities faced with a housing shortage and rising rents. 

Take Los Angeles, for example. 

It was bad news when Joana Ochoa's landlord told her back in January that her monthly rent would go up by $100 in her 200-unit apartment complex west of downtown. But the alarm bells really started going off in April, when the rent went up again another $250.

For farmers in central Washington, the USMCA is "a big relief"

Oct 1, 2018

This weekend, Canada agreed to join the United States and Mexico in a new trade deal.

California law says corporate boards must include women

Oct 1, 2018

Publicly held corporations in California must include women on their boards, thanks to a bill signed into law by Gov. Jerry Brown, Sunday.

The winners and losers of NAFTA 2.0

Oct 1, 2018

The United States, Canada and Mexico have just struck a new trade deal after several months and rounds of tense negotiations.

The pact, now called the U.S.-Mexico-Canada Agreement, or USMCA, will give American farmers greater access to Canada's dairy market and require automakers to make more of their vehicle's parts in North America (if they don't want to pay tariffs). 

SEC agreement puts the brakes on Elon Musk

Oct 1, 2018

Elon Musk is giving up a bit of control over Tesla. That’s the upshot of a settlement the electric carmaker reached over the weekend with the Securities and Exchange Commission. The agreement settles fraud charges the SEC brought against Musk, after he tweeted in August that he had “funding secured” for a deal to take Tesla private. Turns out he didn’t. The agreement with the SEC is aimed at reining in Musk.

Click the audio player above to hear the full story. 

NAFTA is dead, long live NAFTA

Oct 1, 2018

The Trump administration has struck a deal with Mexico and Canada to revise NAFTA, now called the United States-Mexico-Canada Agreement. We'll bring you the details and see how the deal is playing down on the farm. Plus: Elon Musk stepped down from Tesla's board this weekend to settle fraud charges, but he'll stay on as CEO of the electric car company. We'll talk about the reasoning behind that move. Plus: In the 20th century, rent strikes were a common tactic to protest living conditions. In 2018's crowded housing market, they might make a comeback.