Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
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.
Ford could lay off about 10 percent of its workforce worldwide, most of whom may be salaried workers. On today's show, we'll discuss one of the issues the company is grappling with: its investment in the future, a move that comes at the expense of high costs in the present. Afterwards, we'll look at a new Trump administration policy that will deny funding to foreign nongovernmental organizations that promote abortion, and then explore how ESPN will try to use its out-of-home audience numbers to court advertisers.
Countries around the world, including Russia and China, have been hit by a cyberattack that erupted on Friday. We'll look at how it's affected some businesses, and the demands that were put forth by the ransomware. Plus: a look at the differences between Chapter 7 and Chapter 11 bankruptcies.
Commerce Secretary Wilbur Ross has announced that U.S. and China have reached a deal to open each other's markets up to one another — kinda. Which industries stand to benefit, and will this actually bode well for the future of their relationship? The BBC's Andrew Walker breaks it down for us. Afterwards, we'll look at the growing comparisons between the mortgage-lending crisis of 2008 and the current market for car loans, and then talk about the role private investors could play in the president's infrastructure plans.
Trump and other key staffers from his cabinet sat down with some editors for the Economist to talk about the administration's approach to the economy. Zanny Beddoes, the publication's editor in chief, joined us to talk about the president's perspective on trade and tax reform. Plus: A look at the struggles that retailers across the U.S. are facing and what they can do to overcome declining traffic.