Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
The Trump administration has halted a $1 million federal study of health hazards for people who live near mountain-top coal mines. On today's show, we'll look at what this means for people who live near these mining sites and why the administration decided to put a stop to it. Afterwards, we'll talk about McDonald's decision to shut down a third of its restaurants in India, and then discuss the success of the socially responsible investing (SRI) industry.
Could those symbols of Americana — the Jeep and Ram pickup truck — become Chinese? On today's show, we'll look at news that Great Wall Motor may be interested in buying Fiat Chrysler Automobiles. Afterwards, we'll discuss how businesses are benefiting from the exodus from Mar-a-Lago — President Trump's palm beach resort. Then we'll chat with writer Jacqui Shine about her Longreads profile on Percy Ross, a self-made millionaire who gave away his money to those who wrote into this newspaper.
Markets are down in Europe today, after they dropped by more than 1 percent in the U.S. We'll discuss what's contributing to the ongoing downturn. Afterwards, we'll take a look at globalization through the lens of the "elephant chart," a creation from former World Bank economist Branko Milanovic that explains who the winners and losers of this phenomenon are.
Discover Financial Services is ending merchant agreements with what it deems as hate groups, while Visa and Mastercard are taking a similar stand. On today's show, we'll take a look at how big of a step this is toward limiting funding for hate groups. Afterwards, we'll discuss Steve Bannon's interview with Prospect Magazine, in which he said the U.S. is fighting an "economic war" with China. Then we'll talk about the ongoing rivalry between Walmart and Amazon, which represents two sides of the U.S. economy: brick-and-mortar versus online sales.
President Trump has dubbed the North American Free Trade Agreement "one of the worst deals ever." Well, now he has a chance to change it as talks to overhaul the pact begin today. One of the original negotiators of the deal, Mickey Kantor, joined us to talk about some of the revisions we might see and why America's trade relationship with Mexico and Canada is so important. Afterwards, we'll look at how Target is faring as the threat of Amazon looms in the background.
Two more high-profile CEOs — including Intel's Brian Krzanich and Under Armour's Kevin Plank — have resigned from President Trump's manufacturing advisory council. On today's show, we'll look at how businesses are responding to this weekend's violence in Virginia. Afterwards, we'll talk about the possibility that the U.S. will place tariffs on foreign-made solar panels, and then discuss the controversy over allowing children to translate for their parents in emergency situations.