Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
While U.K. Prime Minister Theresa May welcomes Trump's enthusiasm for Brexit, the two don't seem to be on the same page when it comes to globalization. Can the two strike a trade deal? Next, we'll talk about Johnson and Johnson's decision to buy the Swiss biopharma company Actelion for $30 billion, and then look at the U.S. Army's new $580 million pistol contract.
Trump will reportedly move forward on his campaign promise to build a wall on the U.S.-Mexico border. Marketplace's Kimberly Adams — who's currently in Nogales, Mexico — is exploring some of the reactions to the possibility of increased border security. Next, we'll discuss how AT&T is faring with its its new internet streaming service, DirecTV Now.
Trump has put a halt to the Trans-Pacific Partnership, and will potentially strike deals with individual countries. We'll look at whether these deals will be better for the U.S. than the TPP. Next, we'll explore the ways the new administration could affect the housing market, and then chat with a professor who argues that Trump is channeling Marxists from the '70s.
President Trump has signed a new order giving federal and state officials authority to waive or delay parts of the Affordable Care Act. We'll look at how much weight it carries. Next, we'll talk about a possible plan from Foxconn, a major Apple supplier, to create a $7 billion factory in the U.S. Finally, we'll speak with economist Teresa Ghilarducci about how Americans aren't saving enough for retirement.
The Trump administration may institute a repatriation holiday, which would reduce the U.S. corporate tax rate from 35 to 10 percent for a temporary stretch. U.S. corporations have profits parked overseas to avoid the current rate. Harvard professor Fritz Foley looks at whether bringing them over here would help the economy. Afterwards, we'll talk with Univision's Leon Krauze about how immigrants are preparing for Trump's presidency.
Rick Perry is heading to Capitol Hill this morning for his Senate hearing on the role of energy secretary. We'll look at the issues that might come up during his session and then explain what the Energy Department actually does. Afterwards, we'll break down how Trump's tax plan will affect the country's different income brackets.