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.

What should the next round of COVID-19 aid from the federal government look like? New signs of fissures between lawmakers and the Trump administration. Plus, how are housing vacancies changing the rental markets in U.S. cities? And, a plan to distribute coronavirus vaccines more equally among countries.
From the BBC World Service: The European Union's recovery fund will have more than $850 billion, the majority in grants, with some loans. Are Uber drivers self-employed or not? Contact tracers in South Africa are on the front line against COVID-19.
Congress begins to hammer out the next round of COVID-19 aid, including the fate of extended unemployment insurance. Meanwhile, some people still have not gotten their first COVID-19 relief checks. Thousands of essential workers are expected to walk off the job today in a "Strike for Black Lives." And, what …
The fight on Capitol Hill continues over how to support the U.S. economy as the pandemic rages on. Tesla's upcoming earnings report could make it eligible to join the S&P 500. And, emergency help for farmers during COVID-19.
From the BBC World Service: The United Arab Emirates has launched its first Mars mission. Can Europe's leaders reach a compromise on the balance of loans versus grants in their COVID-19 recovery fund? What worries of a second coronavirus wave could mean for European airlines.
The rate on a 30-year-fixed mortgage is the lowest it's been in decades. Why? British Airways is retiring its entire Boeing 747 jumbo jet fleet. Also, a town in Colorado illustrates the clash between summer tourism and a pandemic.
Mortgage rates are at a 50-year low. Netflix is flourishing during the pandemic, with millions of new subscribers and billions in revenue. We also discuss how diversity recruiting is on the rise, but holding on to that talent has proven elusive.
From the BBC World Service: For months, the 27 European Union countries have struggled to agree on whether pandemic relief to countries should be through grants or loans that have to be repaid. India resumes some flights to the U.S. and France.
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.