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.

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.
From the BBC World Service: The U.K. government will announce a $2.5 billion "kick-start scheme" to create more jobs for young people after the pandemic. The latest on how the coronavirus is squeezing jobs in China. The CEO of Loon on how the company is providing internet to rural Kenya …
How COVID-19 is changing where people live. Plus, will we see a rebound in the demand for labor after severe declines in the spring? Job openings numbers for May are out today. And, how the U.K. has kept its unemployment rate from skyrocketing.
The Paycheck Protection Program data raises questions, again, about whether aid helped well-off businesses rather than those most in need. Extended federal unemployment benefits are coming to an end. And, why it matters that carbon dioxide is currently in short supply.
From the BBC World Service: TikTok has said it will withdraw from Hong Kong after China imposed a new security law on the city. A company spokesman told the BBC, "In light of recent events, we've decided to stop operations of the TikTok app in Hong Kong." Also, whether the …
Uber is buying food-delivery service Postmates. Business for apps like Postmates has been up during COVID-19. Plus, an early look at why market futures were up all morning. And, how does the cancellation of minor league baseball this year affect the towns where teams play?
Berkshire Hathaway Energy has announced it will acquire Dominion Energy’s natural gas transmission and storage business. The Louvre Museum in Paris is reopening. And, is a tax on the meat industry and its carbon emissions coming soon?
From the BBC World Service: Visitors have been welcomed back to Paris' Louvre Museum for the first time since March, but the museum's boss says they still desperately need foreign tourists back as soon as possible. Plus, the biggest shake-up in U.K. accounting in decades. And, two years since the …
Change is in the air for Native American representation in both the arts as well as the football field. Also, we examine how something called forced arbitration can have a negative impact on Black and brown workers.
The U.K. relaxes some of its COVID-19 travel restrictions. Also, minimum wage increases have already started in some places despite the pandemic. We also talk to psychotherapist and author Megan Devine about the ties that bind grief to the economy.
From the BBC World Service: Pubs in England open on Saturday in an easing of lockdown rules. Édouard Philippe, the French Prime Minister, has resigned.
Nearly 5 million people found work in June, and the unemployment rate dropped to about 11%. But, there's already concern about a July setback. Plus, reimagining the economy with Darren Walker, the president of the Ford Foundation.
A study in the Journal of the American Medical Association strongly suggests we are undercounting the number of COVID-19 deaths. It could change how policy planners and hospitals operate. And, the philanthropic Ford Foundation is borrowing money during the pandemic, so it can give more away.