Marketplace Morning Report

by Marketplace · · · · 24 subscribers

In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London.

Retail sales are up again, but the numbers are only a snapshot of a time before all of the new COVID-19 cases. U.S. manufacturing also surged in June, and automakers were the biggest winners. And, sports leagues have suspended play, but sports betting has carried on creatively.
China reports that its economy grew 3.2% in the second quarter from the same time last year. For June, economists expect retail sales numbers will be up again. We'll find out this morning. And, Americans step up to help fight food insecurity during COVID-19.
From the BBC World Service: The European Court of Justice struck down an existing EU-U.S. data transfer mechanism over privacy concerns. China's economy has avoided a recession. How can the venture capital world tackle its diversity problem?
Inside the push-pull contrast between vaccine hopes and states shutting down parts of their economies again. Will demand for oil recover? What does OPEC think? And, NBCUniversal's new streaming service, Peacock, is launching widely after a limited rollout in April.
Before men's pro basketball restarts on July 30, everyone is quarantining in a "bubble" at Disney World. What is that costing the NBA? Plus, an EU court rules on Apple's taxes. And, the July 15 tax deadline for individuals and corporations alike is here.
From the BBC World Service: The European Commission had demanded Apple pay nearly $15 billion in back taxes. It could still appeal this verdict. Could Seoul take over as Asia's financial hub? India's trash collectors are at risk from COVID-19 waste.
A spike in consumer inflation for June is driven by increasing prices at the gas pump and in grocery stores. The optimism of those who run small businesses jumped in June, but will that endure? And, domestic workers are fighting for more protections in California.
Families USA, the health care advocacy group which put out this study, says there are about 5.4 million people who have fallen between the cracks in the system. School districts everywhere are weighing the safety and monetary costs and benefits of reopening. And, for people leaving prisons right now, reentry …
From the BBC World Service: The British government is set to announce that Huawei technology is to be excluded from the country's 5G networks. South Korea pledges $90 billion for its "Green New Deal." Job applications go visual with video resumes.
People are looking beyond profits and losses in companies. That's clear from a name change for the NFL's team in Washington, D.C., as well as recent pressure on PepsiCo. Also, do companies believe, like analysts, that there will be a financial earnings recovery from the pandemic by 2021? We start …
A fiction writer's surreal take on the COVID-19 economy imagines a world where delivery vans arrive and confiscate your things, instead of dropping packages off. Plus, banks start releasing second quarter results this week. And, China's new sanctions on members of Congress.
From the BBC World Service: South Africa's government has banned alcohol sales again as COVID-19 cases rise. The world's biggest companies are set to borrow $1 trillion this year to bolster balance sheets. China will sanction U.S. lawmakers over Xinjiang measures.
Wells Fargo is preparing to cut thousands of jobs, according to Bloomberg. What does this new round of layoffs across the economy mean? And, one civil rights leader who's met with Facebook describes how the company needs to change.
A Supreme Court decision Thursday affirmed that about half of the state of Oklahoma is Native American reservation land. Plus, Hong Kong is closing all schools again after a spike in COVID-19 cases. And, why Puerto Rico is giving up control of its power grid to a private utility.
From the BBC World Service: Emirates airline warns it could make up to 9,000 job cuts because of COVID-19. Could the U.S. lose its appeal to international students? We hear from some affected by decisions to revoke visas for classes taken online this fall. And, how restrictions on the hajj …
States that are seeing large spikes in COVID-19 cases are also seeing jumps in first-time unemployment claims. The Supreme Court rules on who can have access to President Trump's tax records. And, should internet service be treated like a public utility?
Many bar and restaurant employees went back to work in June. New COVID-19 spikes and shutdowns might be sending them back home. Plus, potential furloughs for United Airlines. And, how Americans are spending pandemic unemployment insurance.
From the BBC World Service: The wealthy city-state of Singapore heads to the polls amid rising concerns about socioeconomic inequality. Australia ignites more fury from China, its biggest trading partner. As disease ravages global pork stocks, could fake meat be the answer?
President Trump pushes for schools to reopen this fall. Looking forward to Thursday's forthcoming jobless claims numbers, as we wait to see if people are getting back to work amid COVID-19 spikes. And, how summer camp closures are hitting parents.
An investigation by Reveal from the Center for Investigative Reporting shows that workers in rehab programs often don’t get paid, and are sometimes put in dangerous situations. Plus, global joblessness is rising 10 times faster than during the Great Recession. And, how employee pay cuts have helped save jobs.