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.
No health care on the show today — and very little President Trump — just some good ol' fashion corporate news up top. The office supply store Staples, has agreed to be acquired for nearly $7 billion. If the private equity deal goes through, it'll be the biggest buyout of the year to date. But it's also been a grim year for retail; sales and profits at Staples have been dropping for years. So who's buying? And why? Then: We're talking about a lot of stress tests today, not just on the nation's big banks but on energy companies. Investors at Occidental Petroleum and Exxon Mobil voted last month for more transparency around climate change, and how it'll affect the bottom line. Plus: National Parkas and Forests make for popular camping spots over any summer, but that public campground might be privately run these days.
If you can't count on anything, it's that you can't count on Washington for anything right now. You've got inconsistent statements, intra-party squabbling, ambitious legislative goals with real policy differences and, oh yeah, a special prosecutor and a few Congressional investigations. The potential economic costs really start to add up. Plus: We're on day two of another high-profile ransomware attack that's hit a bunch of shipping companies, law firms and other businesses. We'll try to sort out what's going on. Then: How'd so many of us end up getting health care from employers? You've always wondered.
Senate Majority leader Mitch McConnell pumped the breaks on health care today, delaying the vote on the GOP's Obamacare replacement until after the July 4 holiday. Stocks took a little dive today amid all the uncertainty, in no small part because the health care bill is actually a tax bill. Something we'll try to hash out today: this plan is all about making health care more affordable, but once you get past all the politicking, what's that even mean? Then: the latest on ransomware attacks that are spreading accross Europe today. Plus, looking back at the legacy of ATMs, on their 50th anniversary.
The Senate Republican health care bill was first shown to the public Thursday, with an eye on voting a week later. Today we got the Congressional Budget Office score. The headline numbers are 22 million people losing coverage and a $321 billion deficit reduction by 2026. We'll talk through what it all means and what to keep an eye on as the bill hurtles toward a vote Thursday. Then: The president is a former CEO who wants to run the company like a business, so let's tease out how the U.S. government is and isn't like a public company. Plus, the first in a series of stories we're doing on globalization.
We thought we could go the whole day without talking about, um, that big bill the Senate unveiled this week. No dice. But we're getting it out of the way right up top, discussing the Senate's hurry-up-and-wait-outside approach to health care reform and what this bill is really designed to fix. Then: U.K. Prime Minister Theresa May is trying to negotiate a trade deal on her way out of the E.U., and some Brexit supporters are pushing the so-called "nuclear option." Plus: We're used to paying $700ish for an iPhone or Samsung Galaxy, but the Wall Street Journal was able to build one for a tenth of the price. What gives?
At long last, Senate Republicans have revealed their health care bill. It was hatched in secret, and they hope to vote on it in a week so let's dig in. It's similar to the plan passed by the House: Sharp and sweeping cuts to Medicaid, more power to states to decide what insurance plans have to cover, shrinking the Obamacare subsidies. Here's what it won't do: make health care cheaper. We'll talk about why, then head to Arkansas, where a plan to roll back Medicaid expansion will put tens of thousands back on the exchanges, if they can afford it. Plus: An interview with the executive director of Covered California, the state's Obamacare exchange.