We got a decent, not great, jobs report to kick off the weekend. The U.S. economy added 1.8 million jobs last month, and the unemployment rate fell to 10.2%. But jobs aren’t coming back equally. We’ll tell you what you need to know and break down the week with our expert panelists. Plus: the latest on President Trump’s potential ban on Chinese apps, why Kodak was tapped to help make coronavirus treatments and how one family is getting through months in lockdown.
As we await the July jobs report, we’re going to spend some time today talking about how those monthly jobless numbers are compiled, and why figuring out that number can be so challenging. Plus: The recording industry’s legacy of exploiting Black artists, the decline in household debt and how robots can help with distance learning.
We’ve talked a lot on this program about structural economic racism, but what if the word “racism” isn’t even enough to describe the inequities in this country? Today we’re talking with author and journalist Isabel Wilkerson, whose new book argues just that. But first: What?s CFIUS and what does it have to do with TikTok? Plus the market for caregivers who have survived COVID-19, the ongoing legal battle over gig worker classification and how “creative accounting” works.
A new report from the New York Federal Reserve confirms that Black-owned businesses have been having more trouble during the COVID-19 pandemic, and a lot of it comes down to relationships with banks. We’ll look at why those relationships are so important. Plus: pay disparities in the video game industry, CEOs put pressure on Congress and a view from a college campus preparing to reopen.
That’s not exactly breaking news, but it’s important because more than 30 million people started facing their economic futures this week without an additional $600 a week in federal unemployment benefits. We’ll look at what that means depending on where you live. Plus: the inflationary and deflationary pressures on this economy, the disconnect facing students this fall and what’s going on with the White House, Microsoft and TikTok.
The Trump administration today announced a blockbuster, $2.1 billion vaccine-development deal with two drug companies, giving the United States dibs on 100 million vaccine doses. Hours later, the European Union struck a similar arrangement for even more doses. On today’s show, we’ll dig into fears around so-called “vaccine nationalism.” Plus: What’s going on with the economy (and whether Americans’ savings accounts are ready for it), how loss leaders work and the state of labor organizing in a pandemic.
We expected a bad GDP report today, but that doesn’t make the historic contraction easier to swallow. Ditto for the 17 million continuing unemployment claims for the week ending July 18. Today, we’ll dig into what it all means for the economy. Plus: defining “disinflation,” the economics of the NBA’s Florida “bubble” and Ron Howard talks about “Rebuilding Paradise.”
Today the CEOs of Apple, Google, Facebook and Amazon faced a (virtual) grilling from lawmakers over a whole slew of issues. We’ll run down everything you need to know about that, plus the latest from the Federal Reserve. Later, we’ll look at big retailers’ Black Friday plans, why a gap year isn’t an option for most college students and how some Americans are faring at the end of the month.
We’re talking a lot about negotiation today, in your household and in Congress. Senate Majority Leader Mitch McConnell said there won’t be a new COVID-19 relief package without liability protections for companies. It’s just one of many fault lines in the bill, and we’ll spend some time today talking about it and others, like unemployment benefits. Plus: America’s new multigenerational homes, what comes after ?Our Black Year” and the behavioral economics of wearing a mask.
We’ll also bring you a preview of our new podcast for kids and their families, “Million Bazillion.” Subscribe on your favorite podcast app!
Stocks have been on a run since March’s lows. But gold, the investor’s last resort, is hitting a record high. So what gives? Today, we’ll look at what a surge in the precious metal means for confidence in this economy. Later, we look at China’s live-streaming marketplace and reopened box office. Plus: How do you enforce a mask mandate?
The federal moratorium on evictions expires today. As you may have heard, the federal government’s unemployment benefits expire at the end of this month, too. Today, we’ll look at what it means to have an eviction on your record, and how long those effects last. Plus, we’ve got three stories on state and local politics, playing out in grocery stores without hazard pay, city-run cooling centers and on the streets in places without stay-at-home orders. By the way, please help us improve this podcast by taking a quick anonymous survey at americanpublicmedia.org/survey.
Well… you know the rest. Today we’ll talk about how America’s struggle to slow down COVID-19, and the resulting recession, could ripple through the global economy. Plus, we’ll tell you about the merger between two clickbait companies and the specific struggles facing minority-owned businesses and gig workers seeking coronavirus relief.
By the way, please help us improve this podcast by taking a quick, anonymous survey at americanpublicmedia.org/survey.
We’re about to find out. Unless Congress has a new plan in place by next week, tens of millions of people are going to lose an extra $600 a week in unemployment benefits ? around a 60% cut for most. A few days later, rent is due. Today, we’ll continue our look at the impact that loss will have on American households. Also set to change: requirements in many places for getting benefits at all. Plus: the coin shortage and what it takes for a company like Apple to become carbon neutral. By the way, please help us improve this podcast by taking a quick, anonymous survey at americanpublicmedia.org/survey.
With many school districts going to online learning this fall, some parents are teaming up to hire private educators to tutor their “pod.” Today, we’ll look at how the system could work ? and who it could leave behind. Plus: What you need to know about the government’s new COVID-19 tracking site and the coronavirus relief bill’s potential payroll tax cuts. Later, we’ll introduce you to Marketplace’s brand-new podcast, “Million Bazillion”!
By the way, please help us improve this podcast by taking a quick anonymous survey at americanpublicmedia.org/survey.
More than 25 million Americans stand to lose $600 per week in federal unemployment benefits at the end of July if Congress and the White House can?t agree to extend them. Today, we talk with some people for whom that extra money has been a lifeline. Plus: The decline of Black-owned insurance companies, how the pandemic is affecting the auto industry and why this crisis could be the end of tipping. By the way, please help us improve this podcast by taking a quick anonymous survey at americanpublicmedia.org/survey.
Nearly two dozen coronavirus vaccines are currently in clinical trials. With hundreds of groups racing to create their own, today we’ll look at how COVID-19 treatments could be priced. Plus: The upcoming “tsunami of evictions,” the viral hot spots along the border and another fierce competition in this pandemic: food delivery. By the way, please help us improve this podcast by taking a quick anonymous survey at americanpublicmedia.org/survey.
Maybe less. Today we’re talking about that extra $600 per week going to the more than 30 million people claiming unemployment benefits. That extra money, set to disappear at the end of the month, is keeping a bad economic outlook from getting worse. Plus: The latest on yesterday’s big Twitter hack, this year’s political conventions and how parenting in the pandemic hurts women’s careers.
By the way, please help us improve this podcast by taking a quick anonymous survey at americanpublicmedia.org/survey.
Correction: (July 17, 2020): This podcast misstated the number of people currently receiving the extra $600 per week in unemployment benefits. The text has been corrected.
JPMorgan Chase announced it?s setting aside more than $10 billion to cover losses on loans for borrowers hurt by the coronavirus. Today, we’ll look at all the debt Americans have accumulated and how some of them are coping. Plus: More streaming services, more money in electric cars and more states and cities name racism a public health crisis. Later, an interview with the CEO of shared scooter company Lime.
Protests against racism and police brutality are continuing across the country ? and what protesters wear when they take to the streets has long played a role in social movements. Today, we’ll look at the history of activism and fashion and where they intersect. Plus: the latest economic picture, new demand for Black therapists and the Huawei saga continues. By the way, please help us improve this podcast by taking a quick anonymous survey at americanpublicmedia.org/survey.
Coronavirus cases are surging around the U.S. They’re also surging in Honduras, where one of our guests today runs a yarn factory. Today, we’ll look at the ripple effects moving through textiles, trade and the global economy. Plus: earnings season, marketing masks and the market for fracking sand. By the way, please help us out by taking a quick anonymous survey at americanpublicmedia.org/survey.
COVID-19 cases are on the rise, and communities that were on a path to reopening their economies are now facing renewed shutdowns and restrictions. Businesses have had to adapt their operations for the pandemic. That’s not easy, because it turns out (appropriate) touching is a pretty big part of the economy. Plus: the Goya boycott, college sports and back-to-school shopping when it’s not clear who’s going back to school.
The pandemic has exacerbated the challenges of juggling full-time work with caring for and home-schooling children. Uncertainty around school reopenings has many families facing the prospect of doing double duty indefinitely, which could have an effect on job security. Plus: What’s ahead for airlines, pharmacies and retail as the pandemic stretches into another month.
There are millions of vacant and abandoned houses around the country. But in some parts of Baltimore, vacant buildings have become an intractable, even deadly, problem. Today, we take a deep dive into why. Plus: How some states are starting to close the racial pay gap, what bankrupted Brooks Brothers and why Disney World is reopening as COVID-19 cases spike.
The federal government has released the names of companies that received loans of $150,000 or more through the Paycheck Protection Program. There are some surprisingly big names in there. Today, we’ll look at how one business spent its $90,000. Plus: Why test shortages persist, what fall holds for foreign students and the problem with the Beige Book.
All the way back to the civil rights era, McDonald’s has had a strange relationship with unrest and Black Americans. Today, we’ll explore what the Golden Arches has and hasn’t done for Black business owners. Plus: Corporate debt, home equity and other things that will help businesses and families survive this crisis.
Cheap gas coupled with uncertainty about traveling by air or rail during COVID-19 has vacationers turning to their cars. But summer travel decisions continue to be complicated during the pandemic. New York, New Jersey and Connecticut just issued a two week quarantine on any out-of-state visitors. Plus: the story of Janet’s List and the continuously rising cost of cord-cutting.
Nearly four months into this pandemic, and we’re starting to see evidence that the rental market is softening, if only in the highest-price cities. Today, we’ll do the numbers on New York real estate and what might happen to the rest of the country. Plus: The ongoing ad boycott at Facebook, arts organizations’ turn to streaming and the June jobs report.
We’re getting the June jobs report Thursday, a little early because of the holiday. The unemployment rate is expected to drop for the second month in a row, but the picture might not be as accurate as we’d like. That’s partly because since the start of the pandemic, the Bureau of Labor Statistics has said it might be undercounting furloughed workers. Today, we’ll dig into the BLS survey and what you should make of it. Plus: How enforceable are interstate travel restrictions?
The $600 a week in extra benefits provided to every jobless worker who?s on unemployment insurance right now ? about 29 million Americans ? is set to expire by July 31. And if Congress doesn?t do something before then, things could get ugly in this economy. Plus: Why black-owned banks are undercapitalized and a conversation with Visa CEO Al Kelly.
Coronavirus cases are surging in Arizona, Florida, Texas and California, and hospitals are becoming overwhelmed with patients. Other parts of the country have been there ? and we all saw what happened. Today, we spend some time checking in on N95 masks, gowns and other protective gear. Plus: The latest Paycheck Protection Program loan deadline and what it’s like reopening a museum right now.
As we continue exploring structural economic racism, today we’re looking at a huge source of the wealth gap between Black and white Americans: homeownership. Plus: Facebook’s about-face on ads and Texas’ influx of Californians.
Systemic economic racism is fundamental to understanding this moment, so why not teach it that way? Today, we talk with Gary Hoover, chair of the economics department at the University of Oklahoma, about why he folds race into his intro courses. Plus: Virginia is set to become the first state mandating COVID-19 workplace safety measures, and bars are adapting to takeout cocktails.
Arizona, Florida, California, Texas and other states are seeing sharp increases in coronavirus cases as they reopen restaurants and other businesses. So what happens when those places have to shut their doors all over again? Today we look at it. Plus: The IMF’s grim forecast, unemployment data as sound and “The Great Indoors.”
We’ve said it before: Immigration is a labor force story. So today we’re going to look at the ways the White House’s new restrictions on H-1B visas could ripple through this economy: offshoring jobs, worker shortages and so on. Plus, a look at the history of discriminatory and family-based immigration policies in the 20th century.
Those big online groups are giving themselves some credit for spamming ticket reservations and driving down attendance at President Trump’s campaign rally in Tulsa, Oklahoma, this weekend. It’s not clear how much that (and COVID-19 fears) depressed turnout, but they definitely did give the Trump campaign a whole lot of bad data. Today we look at how expensive that data is to clean up. Plus: drive-ins across the pond, racist film classics and “Diversity, Inc.”
The fiscal relief for the coronavirus pandemic is set to run out at the end of July, but many Americans are still out of work. Today, we’ll look at what could happen to this economy if Congress allows that aid to expire. Plus: How companies decide which holidays, like Juneteenth, to take off and Tulsa’s eviction problem.
The U.S. Supreme Court blocked the White House’s effort to end legal protections for 650,000 young immigrants today. We’re going to look at the role those Dreamers play in this economy. Plus: Checking in on the financial health of historically black colleges and universities, and we talk with Howard University professor William Spriggs about his open letter to economists about systemic racism in their field.
The CBS soap “The Bold and the Beautiful” was one of the first scripted series to turn cameras back on after officials allowed filming to resume in Los Angeles with restrictions to slow the spread of COVID-19. But movies and TV produced during a pandemic will look a little different. Plus: Racism in tech, unemployment in the U.K. and the difference between the debt and the deficit.
Just down the road from the Smithfield pork-processing plant where hundreds of employees are off the job after a coronavirus outbreak is Grand Prairie Foods. They make eggs and breakfast sandwiches for hotel chains and convenience stores. Today, we’ll talk with the CEO about how they’re managing, along with a Black business owner in Utah who’s seeing a boom. Plus: Chinese unemployment and why the Fed started buying corporate bonds.
Atlanta Fed President Raphael Bostic wrote recently that “systemic racism is a yoke that drags on the American economy.” We’ll spend much of today’s show talking with Bostic about that essay and what’s next for the economy in a turbulent year. Plus, today’s big Supreme Court ruling on LGBTQ workplace discrimination, online internships and the transparency (or lack thereof) around who gets half a trillion in Paycheck Protection Program money.
The national outcry over systemic racism has pushed employers big and small to examine their own failings in diversity and inclusion. Today, we’ll look at why so many companies’ efforts haven’t worked ? some have even made things worse ? and whether this time could be any different. Plus: Some people are getting lax on masks even as COVID-19 cases rise, and we’re short on contact tracers.
It’s not just big corporations feeling the pressure to respond to the protests against police violence around the country ? small businesses are trying to figure out what to do, too. And, oh yeah, there’s still a pandemic going on. Today we’ll follow two different businesses to see how they’re managing. Plus: cops on TV, Zoom in China and annualized GDP, explained.
When the coronavirus pandemic hit, all other research froze. Some scientists packed it in, others pivoted to searching for a vaccine. Now, along with the rest of the economy, labs across the country are looking to reopen. Today, we’ll look at what that means. Plus: Hollywood inequality past and present, and a recap of Fed Chair Jerome Powell’s press conference.
In order to understand the structural economic racism that lead to this moment, you need to know your history. So today we head to Thomas Jefferson?s plantation to look at business strategies of slaveholders, and the legacy of those strategies today. Plus: How the National Bureau of Economic Research makes a call on what’s a recession, and the racial wage gaps at Bon Appetit and beyond.
Almost two weeks after George Floyd was killed in police custody, a veto-proof majority of the Minneapolis City Council has come out in favor of dismantling the city’s police department. Today, we look at how reallocating cities’ large police budgets could work. Plus: Why the jobs report needed a correction, how aggregated economic data contributes to racial inequality and the problem of child care during a pandemic.
If there’s one lesson to take from today’s show, it’s that economists are just as confused as you are. We’ll talk with experts and analysts about what to make of the May jobs report, how much of it has to do with PPP loans and what it says about the changing state of the economy. Plus: The New York Times’ Wesley Morris calls in to talk about why the protests against the police killing of George Floyd feel different.
After more than a week of protests following the death of George Floyd in police custody, businesses small, large and super-massive are declaring solidarity with the Black Lives Matter movement. But words are one thing, action is another. Today, we’ll take you beyond the PR of it all. Plus: America’s overnight food deserts, who’s paying overdraft fees and COVID-driven state budget cuts.
From coast to coast, communities are coming together to clean up after protests over the death of George Floyd in police custody. But some neighborhoods are better equipped to recover than others. Today, we take you inside one rebuilding effort in the Bronx. Plus, why black women entrepreneurs are missing out on startup funding and a conversation with the director of “Do Not Resist.”
George Floyd’s death in police custody sparked nationwide protests, but the kindling has been building for decades. Today we’re going to take some time to talk about the deep racial economic divide in this country. Plus: we do the numbers on states of emergency, what brands are and aren’t saying around Black Lives Matter and the disconnect between Wall Street and Main Street right now.
As protesters across the U.S. call for justice in the death of George Floyd, people are showing support by donating to bail funds, known as bail activism. The Minnesota Freedom Fund has received $20 million in donations and is focusing on the hundreds of activists being arrested nationwide. The argument is that the bail system disproportionately affects low-income people and people of color. Bail activism is just one component of the current protests against police brutality. Plus: Activists call for cuts to police budgets, the U.S.-China trade war has continued during the pandemic and the long recovery communities face after protests.