Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
While everyone's watching the latest health care news, there's another important issue being discussed in Washington, D.C. — the cost of borrowing. As the Federal Reserve wraps up its policy meeting, we'll take a look at what the future of interest rate hikes might hold. Afterwards, we'll take a look at stock market volatility, and then talk about how small businesses are trying to prepare against cyber criminals.
The House of Representatives is scheduled to vote today on a bill to impose stricter sanctions on North Korea, Iran and Russia. On today's show, we'll talk about how these sanctions impact U.S. businesses. Afterwards, we'll discuss Michael Kors' decision to buy Jimmy Choo in a $1.2 billion deal: Plus: A look at why the American dream is still out of reach for so many. The nonprofit Prosperity Now finds that more than a third of American households don't have enough on hand to cover basic needs for about three months.
The House of Representatives could vote tomorrow to enact new sanctions on Russia for interfering in the U.S. presidential election. On today's show, we'll dive into what exactly this new package of sanctions will include. Afterwards, we'll discuss the future of America's relationship with the U.K., and then look at an emerging biomedical industry: the harvesting of young blood to help the old.
The U.S. Treasury has just slapped ExxonMobil with a $2 million fine for violating business sanctions against Russia. We'll take a look at how the controversy began and how Secretary of State Rex Tillerson (the former CEO of ExxonMobil) has responded. Afterwards, we'll discuss the challenges that General Electric's incoming CEO John Flannery may face, and then talk about Amazon's new social network: Spark.
The Congressional Budget Office has calculated the costs and benefits of repealing Obamacare, but not replacing it. An estimated 32 million people would be left uninsured. On today's show we'll take a look at what the release of these figures mean for the GOP's health care strategy. Afterwards, we'll talk with APM Reports about the Trump administration's infrastructure plans, and then discuss a class-action lawsuit filed by the Disability Rights Advocates against Uber over wheelchair-accessible vehicles.
Republicans didn't have the votes to neither replace nor repeal Obamacare, so President Trump has said to just let it fail. One way to do that is to stop paying the billions in subsidies to insurers that cover out-of-pocket costs for low-income Americans. On today's show, we'll look at how plausible it is that that these payments will get halted. Afterwards, we'll discuss the House's consideration of a proposal that would bar states from setting their own rules for self-driving cars, and then talk about how to make the most of your travel points.