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 Chinese telecom firm ZTE has been hit with a $1.2 billion fine from the U.S. for selling technology to Iran and North Korea. Marketplace's Kimberly Adams reports on how tricky things can get for businesses in with our increasingly global economy. We'll also explore why the restaurant industry has been hit with challenging times, and then look at a potential crisis at Caterpillar. The manufacturer is reeling after investigators raided the company's headquarters last week.
We'll look at a new proposal from House Republicans to replace Obamacare; a lawsuit that will test whether detained immigrants can be forced to work as so-called "volunteers"; and the debut of biblically responsible exchange-traded funds.
General Motors is selling its European car business in a $2.3 billion deal. The BBC's Jonty Bloom explains how this deal reshape the auto industry in Europe. Afterwards, we'll look at how President Trump's immigration ban is affecting the U.S. tourism industry, and then explore the ways some regions are coping with a decline in psychiatric hospitals.
Costco is raising its membership fees — its first hike since 2011. Marketplace's Annie Baxter explains why retailers are facing tricky times. Next, we'll discuss the reason for low levels of home ownership in England, and then look at how craft brewers feel about Trump's promises on regulation.
We'll explore Snapchat's plans to go public today, a move that could prompt other tech companies to have IPOs. Also on today's show: a look at how much a border-adjustment tax would cost consumers, and the cost of California's pushback against Trump.
In his first address to Congress, Trump talked about infrastructure and tax reform. We're here to recap the economic highlights from his speech. Next, we'll look at the important items that Warren Buffett decided to leave out of his annual letter to shareholders, and then talk about why Uber's CEO wants to change his image.