Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
Moody's Investors Service has just reduced China's credit rating by a notch. We'll explore how significant this downgrade is and the economic factors that warranted the drop. Afterwards, we'll take a look at the challenges that those from the foster care system face when trying to attend college.
President Trump's first major budget proposal will cut away at the safety net for millions. One program being threatened: Medicaid, which will give states more power to set spending priorities, but much less to spend. We'll look at exactly how much the service could stand to lose over the next decade. Afterwards, we'll chat with author Adam Lashinsky about the strategies Uber has employed to become a ride-sharing juggernaut.
With Ford's stock down from 2014 levels, the company is gearing up to remove Mark Fields as CEO. We'll take a look at some of the criticisms that investors had about Fields, and who he's being replaced by. We'll also take a close look at one Rhode Island after-school program that faces closure over Trump's budget cuts. Plus: a look at the peripheral industry that's sprung out of crowdfunding, which includes crowdfunding consultants, social media managers and marketers.
President Trump is traveling to Saudi Arabia today, a trip that'll include a number of American CEOs. The reason they're tagging along: there are deals to be made. On today's show, we'll take a look at the state of trade between the Gulf kingdom and the U.S. Afterwards, we'll explore the meal-kit war between startups like Blue Apron and major supermarkets like Kroger. Plus: Author Laurence Cockcroft explains rising corruption in the West and how the Trump administration is trying to roll back rules aimed at combating the issue.
Facebook, Facebook, Facebook. On today's show, we'll look at news that the European Union is fining the social media giant $122 million following its purchase of the messaging service WhatsApp back in 2014. This marks the first time a company has been penalized by the European Commission's merger regulation law. There are also reports that the company has mischarged advertisers for the 10th time in less than a year. Marketplace's Molly Wood explains how this incident illustrates the uncertainties in digital advertising — and how television advertisers might use this to their advantage. Plus: We discuss whether it's a good or bad thing that Americans are borrowing at record levels.
Amid news that ISIS may have devised ways to conceal bombs in laptops, U.S. and European officials are meeting Brussels today to discuss a laptop ban from some airports. We'll take a look at the ways this new policy could impact passengers. Afterwards, we'll examine a new law in New York aimed at protecting freelancer pay, and then discuss effort in Georgia to improve website accessibility for disabled men and women.