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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.

China shoulders doubling of U.S. imposed tariffs

May 10, 2019

From the BBC World Service... The U.S. has triggered the doubling of tariffs on imported Chinese goods, as the trade war escalates between the two countries. The oldest toy retailer in the world Hamleys has been bought by India's richest man. We hear how the offshore splash-out fits in to his wider strategy and business aims. Plus, Netflix launches across Africa.

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 regulators 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. He argued in The New York Times this week that the United States should tax revenue from targeted advertising.

The 10-year treasury auction this week was a bit lackluster. Demand for the note, a safe haven for investors, was at its lowest in 10 years.

Click the audio player above to hear the full story.

The rapid rise of rock climbing

May 9, 2019

Rock climbing, popularized on social media and the subject of many documentaries, is set to debut in the 2020 Tokyo Olympic Games — a sign that the sport has arrived, athletically and economically.

Andrew Bisharat, who’s covered climbing for National Geographic, told Marketplace host Kai Ryssdal that it’s come a long way in a short time.

“Competing on plastic holds, in an Olympic setting, has been quite a transition that’s really rapidly taken place in the last few years,” he said.

Trade deficit widens in March

May 9, 2019

The U.S. deficit with global trading partners expanded in March, increasing 1.5 % to about $50 billion. At the same time, the U.S. deficit with China, whose trade representatives are in the U.S. to try to work out a deal, narrowed further as U.S. farmers exported more soybeans.

The overall deficit getting bigger isn't necessarily a bad thing, said Dan Ikenson, director of the Herbert A. Stiefel Center for Trade Policy Studies at the Cato Institute.

"It just so happens that when the economy grows, we tend to see the trade deficit increase," he said.

Craft spirits and craft brewers compete for thirsty consumers

May 9, 2019

It’s the job of Mike Moser, executive director of the Wyoming State Liquor Association, to know what people are drinking these days.

“In my father’s era, or my grandfather’s era, they started with a Schlitz in their hand and a bottle of Ten High whiskey. And they died with it in their hand,” Moser said. “That’s all they drank.”

Moser said younger generations might have favorite brands, but they also want to try out new things.

“Where the real drop is in premium beer categories — Budweiser, Coors, et cetera — they’ve been down, every year, for a while,” he explained.

Kids get sick, like the medical system

May 9, 2019

A sick child is never fun. But it happens.

When Elizabeth Cronise McLaughlin's two children woke up sick, she took them to the doctor. She has health insurance, and expected it to be a fairly quick visit. But, that quick visit turned into a stressful day as she hunted down the antibiotics her kids needed.

The cost of the American medical system

May 9, 2019

What was supposed to be a quick trip to urgent care became a lesson in how sick the medical system is for one mother and her two kids. But first: The latest trade deficit numbers are out. What do they say about ongoing trade negotiations with China? Then: How do IPOs like Uber's impact already expensive housing markets? Also: The thirst for craft spirits.

Google’s 2019 I/O conference is underway in Mountain View, California, with 7000 software developers registered to attend. The company is laying out its plans for software updates for the next 12 months, and revealed a new, lower priced, Android phone, and an in-home voice assistant with a larger screen and camera.

As well as attracting new users, the new hardware and software could allow the internet giant to collect even more user data, but Google says it’ll provide new ways to delete it.

Could the trade war trigger a recession?

May 9, 2019

Could failed trade talks with China trigger a recession in the U.S.? Britain goes one week without coal-powered electricity since 1882. Plus, as U.S. unemployment claims keep falling, states are scaling back on benefits and making it harder to get them.

Today's show is sponsored by BitSight Technologies and Wasabi Hot Cloud Storage.

The master craftsmen tasked with repairing Notre Dame

May 9, 2019

French President Emmanuel Macron has said that Notre Dame Cathedral, ravaged by fire, will be rebuilt in five years. To do so, France will rely on master craftsmen called "companions," whose extraordinary apprenticeships in carpentry or roof-tiling, for example, stretch back to the building of the European cathedrals in the Middle Ages. How do they keep the old skills alive?

The China-Uber connection

May 9, 2019

Tenuous trade talks with China have some big implications for Uber, and his has little to do with cars. President Trump's budget gets graded. Amazon's smart speaker for children is under scrutiny. Plus, we look at the centuries-old guild of "compagnon" craftsmen tasked with rebuildingParis' Notre Dame cathedral following a devastating fire.

Today's show is sponsored by BitSight Technologies and Wasabi Hot Cloud Storage.

Uber's IPO arrives at a challenging time

May 9, 2019

On Friday, the newest stock to trade on Wall Street will have the ticker symbol "UBER." Yes, the ride-hailing company is going public. But because of uncertainty over the U.S.-China trade war, it may not raise as much from investors as it hopes. Some tariffs have a direct impact on Uber's businesses.

Click the audio player above to hear the full story.

Take a pay cut to beat the robots

May 9, 2019

From the BBC World Service... As fresh U.S. tariffs loom on Chinese goods, can an 11th-hour trade deal be struck? Then, as Uber prepares to float on the New York Stock Exchange, we look more closely at the urban-rural, ride-hailing divide. Plus, economists have warned for years that robots are coming for our jobs. In order to avoid the scrap heap, a new report says many workers will have to be retrained or face taking a pay cut.

Uber is going public tomorrow, listing its shares on the New York Stock Exchange. Some employees of the company stand to make millions, even billions of dollars.

And Uber is giving drivers with more than 2,500 rides on the platform cash bonuses that they can use to buy stock at the initial public offering price. The amounts range from $100 to up to $40,000, depending on how many rides a driver has.

But how much of a benefit is that to drivers who are already unhappy with their pay?