Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
We're starting the show tonight by doing the numbers of two crises facing the U.S. — and neither of them have to do with North Korea. First, we'll talk about the challenges of getting money to fight the opioid crisis, then why fighting climate change doesn't have to mean cutting economic growth. Of course, we'll also look at how markets reacted to President Trump's talk of raining "fire and fury" on North Korea (with a shrug). After that, we'll look at recent advertising campaigns focused on social issues, their risks and their rewards. Plus: How the decline of laundromats is changing U.S. cities.
A lot's changing about America's place in the global economy. NAFTA negotiations are starting next week in Washington, and President Trump has already withdrawn from the Trans-Pacific Partnership. In a lot of ways, it's the total opposite of the late '80s and early '90s, when opening things up was supposed to be the key to growth. We're kicking off our new series, "Trade Off," with a look at the dream of trade some 30ish years ago. Globalization had some much-hyped economic winners, but the losers were hit disproportionately hard. Plus: putting the recent sanctions against North Korea into perspective. Then: What would get people to stop using checks?
Today's jobs report was good, really good. But as with almost all things economic, it wasn't all sunshine. We'll talk about why, and recap the rest of the week's news. Then: Toyota and Mazda said today they're going to build a $1.6 billion plant in the U.S. in the next couple of years. The news comes amid seven straight months of falling sales for the Big Three American auto companies. Plus: New Yorkers produce a lot of garbage, which is only natural in a city of 8.5 million people. But what’s not so natural is the city's recycling rate: around 17 percent.
President Trump has thrown his weight behind a bill that would fundamentally change American immigration policy. It would make immigration skills-based and cut in half the number of people legally allowed to come here. Put another way, it's a bill that would make the labor force smaller in an economy already pretty near full employment. We'll talk about it, then look at wages: the tight labor market is making it harder to hire without (finally) raising pay significantly. Plus: In Postville, Iowa hundreds of workers were arrested in an immigration raid and virtually disappeared overnight. The small town's economy still hasn't recovered.
... And the economy isn't the Dow Jones Industrial Average. It's worth repeating today, when the Dow closed above 22,000 and President Trump is touting the record as a big economic win. We'll just note that stocks aren't even the right market to be watching; the dollar is tumbling. Then: Chaos continued in Venezuela today with confirmation that voting machines had been tampered with before last weekend's election. The U.S. is threatening more sanctions, but they could lead to unintended consequences. Plus: Most people expect public Wi-Fi to be free. So how do you make money providing it? We asked Boingo's CEO.
The Trump administration has been pretty distracting. White House comings and goings, tweets, health care, all of it. So today we're bringing you a few stories you might have missed recently. To start, we'll talk car sales, which are tanking, and the bond market, which may or may not be in a bubble. Then: Wells Fargo is somehow still in trouble for something else. Plus: Just a couple generations ago, hunting was a way of life for some families. It put food on the table. Now fewer people are getting up early and putting on camo — but those who do are spending more.