Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
By 2019, all of Volvo's new cars will have electric motors. We'll take a look at some of the reasons behind the company's big move, which include a commitment to lower carbon emissions. Afterwards, we'll explain why President Trump's first stop will be Poland on his multi-country trip to Europe, and then talk about the imbalance between housing demand and housing supply.
Though it's not quite the no. 1 player in wind energy, the U.S. has invested pretty heavily in this sector. On today's show, we'll discuss how the U.S. is faring in this business on a global scale. Afterwards, we'll talk about how methane leaks could undermine the cleanliness of natural gas, and then look at how tight budgets across the U.S. are affecting fireworks shows.
The start of this month was supposed to mark a new budget year in most states, but about 10 still have yet to pass their budgets. We'll discuss why they missed their deadlines, and what the delay means for state services. Afterwards, we'll take a look at how potential Medicaid cuts could affect one little-noticed target: schools. Plus: A brief tour of Sweden's Museum of Failure. For $10 you can marvel at Colgate TV dinners or some Harley-Davidson perfume.
The Senate's last push of the first half of 2017 is toward passing the new health care bill. Republican Majority Leader Mitch McConnell expects a tight margin in the upcoming vote, so he's trying to appeal to both sides — adding funding for opioid addiction treatment and low-income Americans, as well as higher tax deductions for health savings accounts. We discuss a newly released study that calculates the financial impact of unchecked climate change and talk to one of the study's authors, who says that climate change's impact will be much bigger in hotter regions. These areas tend to be poorer, meaning climate change has the potential to aggravate America's inequality. And speaking of inequality, we play some of your responses to last week's story on America's divide between people who leave their hometowns and those who stay.
All 34 big banks passed their Federal Reserve stress tests, which were implemented after the last financial crisis to test how these banks can withstand future disasters. Marketplace's Marielle Segarra explains just how safe this should make us feel. And we explore the opposite end of the spectrum from America's biggest banks — the world of those who are unbanked — with Lisa Servon, who worked as a check casher and payday lender to better understand the system.
Millennials are the largest and most diverse generation of Americans, with about 19 percent of them identifying as Latino or Hispanic, 13 percent as black or African-American and six percent as Asian-American. According to a new report called "Gen Forward," African-Americans and Latino millennials are more likely to be economically vulnerable than their white and Asian-American counterparts. We talk to one of the study's authors about these findings. Also, yesterday Federal Reserve Chair Janet Yellen said "asset valuations are somewhat rich," which is Fed speak for "stock prices are high." But does that mean we are heading for a bubble?