Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
(Global Edition) From the BBC World Service...the international price of crude oil hit a two-year high. We’ll tell you why an independence referendum in Iraq’s Kurdistan region is fuelling the rise and what it means for prices going forward. Afterwards, we’ll discuss why a Brazilian court blocked a government decree to open a vast natural reserve in the Amazon to commercial mining. Then, one of Europe’s parliament members explains why she thinks blockchain – a technology underlying cryptocurrencies – could help governments cut down on corruption and make voting easier.
(Markets Edition) Angela Merkel won Germany's election on Sunday, but the far-right Alternative Party (AfD) ranked third place and will get seats in parliament. We'll discuss the struggles Merkel will face, and some of the stances the AfD has on immigration, the EU and the euro. Afterwards, we'll find out how markets have been reacting to the news, and then talk about the long road ahead for tax reform. Plus: A look at how Seattle plans to increase affordable housing.
(U.S. Edition) We may be getting the first look at a Republican plan for tax reform this week. The details that are beginning to emerge indicate that there could be a 20 percent corporate tax rate, and fewer tax brackets for individuals. Afterwards, we'll discuss the latest effort to repeal and replace Obamacare: the Graham-Cassidy bill, which the Senate Finance Committee is set to consider this morning. Plus, we'll visit FEMA's Atlanta Distribution Center to find out how the agency has changed the way it responds to natural disasters since Hurricane Katrina in 2005.
(Global Edition) From the BBC World Service ... German Chancellor Angela Merkel won a fourth term in her country’s elections over the weekend. But we’ll tell you why she faces a tough road ahead in building a coalition government. Afterwards: more than 700,000 people have signed a petition to keep Uber on the road in London past the end of the month when the company’s license runs out. We talk to London Mayor Sadiq Khan who defends his city’s decision to revoke the ride-sharing company’s license in the city. Then we’ll tell you how climbing oil prices could help small producers on the west African coast.
(Markets Edition) Facebook is turning over more than 3,000 Russia-linked ads to Congress, which is investigating possible interference in the 2016 presidential campaign. On today's show, we'll look at how Mark Zuckerberg plans to handle political ads in the future. Afterwards, we'll talk with Chris Low — chief economist at FTN Financial — about the Fed's plans for interest rates, and then examine why credit card delinquencies are on the rise.
(U.S. Edition) Brexit talks are not going well. Part of the problem: the amount of money Britain will need to pay as part of this divorce settlement. We'll chat with the BBC's Theo Leggett about the tight rope U.K. Prime Minister Theresa May needs to walk. Then, we'll look at some of the innovative methods that groups are using to help out in the wake of hurricanes Irma and Harvey. In Texas, the USDA is rolling out Disaster SNAP (a version of food stamps geared toward natural disasters), while the Red Cross is using drones to try to speed up the recovery process.