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.

German Chancellor Olaf Scholz is in London today, meeting British prime minister Boris Johnson. The two leaders are expected to discuss strategies for ending Europe's reliance on Russian fossil fuels. The BBC's Damien McGuinness in Berlin explains that, as a large consumer of Russian oil and gas, Germany finds itself …
Law enforcement officials say Russia was plotting cyberattacks against critical infrastructure targets as a way to retaliate against sanctions, and that led the U.S. to undertake a secret – and successful – effort to disrupt one of Russia’s schemes. Jeffrey Cleveland discusses the outlook of the labor market with us. …
Recent polling from the Kaiser Family Foundation finds that in spite of relaxed mask mandates and much lower number of daily cases, many Americans still perceive they and their loved ones are at risk from COVID – and that affects how the consumer economy is recovering. What's next in the …
From the BBC World Service: Energy giant Shell says its decision to exit Russia after the Ukraine invasion will have an impact of as much as $2 billion more than originally thought. Plus, Russia's currency is trading back near levels seen before the war began, but not all is as …
A bidding war may be taking off in the airline industry. In February, Spirit Airlines and Frontier announced a merger – two budget carriers becoming one. JetBlue has stepped in, saying it wants to buy Spirit instead and has the superior offer. A law that requires diversity on corporate boards …
Tesla and SpaceX CEO Elon Musk is now jumping with both feet into social media: He has acquired a 9.2% stake in Twitter and will join the company’s board of directors. As one of Twitter's superusers, Musk has also been vocal on free speech and other issues. What can Twitter …
From the BBC World Service: As European Union leaders discuss a fifth round of sanctions against Russia, they're under mounting pressure to take a hard look at their oil and gas imports. Plus: It's not just governments taking action, companies have shut down their operations across Russia. Now French luxury …
The U.S. is ratcheting up the economic pressure on Russia by targeting its ability to make bond payments. So far, Russia has managed to avoid a default on sovereign debt. But, the Treasury Department has now started blocking Russia’s ability to access assets held at U.S. banks. Shipping costs rose …
The term "disconnected youth" covers people from the age of 16 to 24 who are neither working nor in school. The U.S. actually had a declining youth disconnection rate over at least 10 years, but that all changed when the pandemic hit, according to a study from Measure of America …
From the BBC World Service: Four rounds of sanctions measures have already been approved against Russia since the start of the war in Ukraine. Plus, Sri Lanka's newly appointed finance minister has resigned after less than 24 hours in the job. Protesters are increasing their calls for the country's president …
It's the difference between getting the right to collective bargaining and coming up with an actual contract. After the first successful union drive at Amazon, we speak with a labor expert about what this moment means for workers organizing in the U.S. and what comes next. And, we start the …
Starbucks interim CEO Howard Schultz is returning to the company. He says a pause on repurchasing shares will give the company more room to invest in staff and stores. Plus, an effort by the Biden administration to bring more production of batteries for electric vehicles to the U.S. And, Amazon, …
From the BBC World Service: Inflation in Turkey soared to 61.1% in March, a new record high. We take you to Istanbul to hear why higher commodity prices resulting from Russia's war in Ukraine have exacerbated the problem in Turkey. Also, the rising cost of living is a problem being …
Economists say inflation is being driven by a number of factors, from supply chain disruptions to higher wages. But what about competition? In the food industry, restaurants that face more industry competition aren't able to raise prices as much as food-at-home services. We spoke to Trevon Logan, a professor of …
This week, Germany has begun the early part of an emergency plan that could lead to the rationing of natural gas. The Kremlin is demanding payment for gas in rubles from countries sanctioning Russia for its invasion of Ukraine, threatening to cut off supplies if its conditions aren’t met. We …
A meeting between Russia and India's foreign ministers has just wrapped up in New Delhi. The BBC's Rajini Vaidyanathan in Delhi says that top of the agenda was how India, which has remained neutral in the Ukraine conflict, can continue to pay for the oil it gets from Russia without …
The Russian president said he has signed a decree that will force foreign buyers of his country's natural gas to pay in rubles. Starting Friday, Vladimir Putin says pay in rubles – or contracts will be halted. Diane Swonk helps us dig into the latest data that shows a key …
President Biden is ready to order the release of up to a million barrels a day of oil from the United States strategic petroleum reserve in an effort to battle rising gas costs. American workers are failing drug tests at the highest rate in decades, because the worker shortage has …
From the BBC World Service: Russia is saying it will require payments for energy exports in its own currency, the ruble, rather than via the current euro-denominated contracts. But the BBC's Jenny Hill in Moscow says it's not yet clear how that will work, or if European customers like Germany …
Susan Schmidt of Aviva Investors dives into the latest data from private payroll processing firm ADP with us. A report from the NAACP and the Kapor Center reveals a lack of diversity in several facets of the tech industry. Where can homeless people go after they have to stay at …