Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
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.
The White House has released a budget outline that calls for a $54 billion increase in defense spending. We'll explore what's on the Pentagon's wish list and whether Congress is likely to approve it. Afterwards, we'll take a look at one marijuana lab that's found an innovative financing mechanism.
During last night's Oscars telecast, the award for best picture mistakenly went to "La La Land" at first instead of "Moonlight." We'll take a look at who exactly tallies up all the votes. Next, we'll discuss a fund that will compensate overseas victims of terror attacks, and then explore how some baby boomers are starting to retrain so they can gain in-demand skills.