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.
... But we are going to talk about the PR nightmare hitting United today, after videos of a passenger being forcibly removed from an overbooked flight went viral, and get to the bottom of why airlines sell too many seats in the first place. Plus, we'll look at the slew of foreign carmakers reinvesting in American factories just as Washington contemplates tax reform. Then: Five years ago, our own David Brancaccio drove across the country without talking to a single human being. It was for a series all about how robots are taking jobs. This year, he hit the road again to figure out which jobs are "robot-proof," and they're not the ones you think.
The full global political reaction to last night's U.S. airstrikes on a Syrian air base remains to be seen, but the impact on Russia’s economic ties to Syria will only heighten tense relations. Russia, as President Bashar Assad’s staunchest ally, has boosted the Syrian government’s military might in its civil war and in turn profited from billions of dollars in arms and equipment sales. Let's face it, there's no easy transition to our next story, where we meet Mark Wagner, the New York-based collage artist who deconstructs dollar bills to make portraits of presidents and re-create famous paintings. And, as always, we'll wrap up the week in business and economic news.
Yesterday we were talking about how bank ethicists measure success (by boredom), today we're looking at a way President Trump and Republicans could actually make banking a little more boring. Gary Cohn, one of Trump's economic advisers, told Bloomberg he'd be okay with the financial sector going back to the days when investment banks did trading and underwriting of securities, and commercial banks did banking as the rest of us know it. We'll talk about it, plus the unusual way Spotify could go public and injecting a little geographic diversity in the start-up world.
The New York Fed reports that total outstanding household debt in this country is juuuust about where it was in 2008. Remember 2008? We're thinking about debt a little differently now, though. Then, a conversation with a big bank ethicist, who tells us what he does and how he measures success. Plus, why Panera's worth $7.2 billion to the equity group JAB, and another dispatch from Erie, Pennsylvania.
The conventional wisdom about a lot of Rust Belt cities in this country is, well, look at the name. Their economies are shot, thanks to the steady loss of manufacturing jobs, and voters there are counting on President Trump to bring them back. It's the premise of our series "The Big Promise." But in Erie, Pennsylvania, there's something else going on. Plus, we'll look at the growing list of advertisers pulling away from "The O'Reilly Factor" and Jenna Lyons' departure from J.Crew.
President Trump’s $1 trillion infrastructure plan is still in the nascent stages, but it’s a key part of his promise to create millions of jobs. Once upon a time, infrastructure was this country’s job. After the Great Depression, the government put millions of Americans to work building stuff. We'll look back at that history and what lessons it might hold for Trump's ambitious infrastructure plan. Plus: Auto earnings, Trump's visit from Xi Jinping and an exit interview with Fed Gov. Daniel Tarullo.