Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
(Markets Edition) Earnings season is looking good so far. Wall Street banks Goldman Sachs and Morgan Stanley have reported better-than-expected earnings. David Kelly, chief global strategist for JP Morgan Funds, joined us to talk about some of the factors fueling their success. Next, we'll discuss the Senate's expected vote this week on a budget resolution whose outcome is hard to predict. And finally, we'll look at America's growing shift to electric homes.
(U.S. Edition) Canadian jet manufacturer Bombardier has been in an ongoing trade fight with America's Boeing. Well, now Bombardier is selling the majority stake of its C-series plane to the French company Airbus. We'll report on why the Canadian company went through with the deal and how it may be able to sidestep a high U.S. tariff as a result. Afterwards, we'll discuss whether Congress can help make consumer data safer, and then look at Seattle's bid to become home to Amazon's second headquarters.
(Global Edition) From the BBC's World Service ... The partnership sees Airbus take a majority stake in Bombardier's C-Series jet and analysts say it could have huge implications for the industry. The planes can be assembled inside the U.S., potentially avoiding the crippling 300 percent import tariff the U.S. government wants to see imposed. The deal hasn't been welcomed by U.S. rival Boeing — they complain that the firms receive too much state support. In China, preparations are underway for the Communist Party Congress, which begins tomorrow. President Xi will set out his economic vision for the next five years. We take the mood of state-run media, who have published an editorial attacking Western democracy. And is cash really heading for the trash? We hear from Victoria Cleland, chief cashier of the Bank of England, who says last year British banknotes grew 10 percent in value.
(Markets Edition) The Federal Reserve still wants another interest rate hike or two. Julia Coronado, founder of MacroPolicy Perspectives, joined us to discuss why Fed Chair Janet Yellen has been pushing for them. Afterwards, we'll look at the issue of distracted driving, which causes more than 3,000 deaths a year. We now have software that will allow police to scan a driver's phone for activity.
(U.S. Edition) Colin Kaepernick — the football player who began kneeling during the national anthem to protest social injustice — has filed a grievance against the NFL, claiming that the league's teams colluded to keep him from getting a new contract. On today's show, we'll look at what the league's collective bargaining agreement means for his case. Afterwards, we'll discuss Alibaba's plan to double its spending on research and development to $15 billion over the next three years. And finally, we'll talk about the consequences that deportations in Texas could have on the state's school system.
(Global Edition) From the BBC's World Service ... European investors are waking up to the return of political risk -- another showdown over Catalonia is playing out and Austria has elected the world’s youngest leader, with fears over immigration helping bring Sebastian Kurz to power. We examine the implications for Europe. Tensions have flared in the oil rich region around Kirkuk, with Iraqi forces saying they have captured the disputed city from Kurdish fighters. But how crucial is the area to the world’s oil supply? And host Anu Anand visits the home of Sir Isaac Newton, the man behind the theory of gravity, as a new coin commemorates his achievements. As well as his scientific breakthroughs, he also helped make British coins less prone to counterfeiting.