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.

From the BBC World Service: FedEx and DHL have reportedly suspended Chinese import shipments to India. Food delivery workers in Brazil protest over pressure from delivery apps. Ukraine's central bank governor resigns blaming "systemic political pressure."
The second quarter was a blockbuster for stocks, and it looks like investors are separating businesses into the old economy and the new economy. Americans remain banned from traveling to Europe. Can you care for your children while working from home? And, Florida citrus sales are up during the pandemic.
The deadline has passed for small businesses to submit applications to the Paycheck Protection Program, but an extension is already in the works. Melbourne suburbs go back into lockdown in Australia today. How climate change threatens Canada's maple syrup.
"The bounce is losing its bounce." A partial economic recovery with reopenings, but a lot of work to be done. Plus, America's top two economic policymakers on the past and future of special pandemic payments. Also, pressure to create a national policy for wearing masks. And, China's national security law …
Housing groups say they are bracing for a wave of eviction notices. And the deadline to file your tax return this year is July 15, despite calls for another extension. Plus, what it's like to work as a contact tracer.
From the BBC World Service: China has passed a security law giving it new powers over Hong Kong. Delhi becomes India's biggest COVID-19 hot spot. Shell warns that it'll take a charge of up to $22 billion this quarter.
Unemployment numbers for June come on Thursday — not Friday. The consensus forecast is around 3.5 million jobs added. But the potential for surprise is still there. Plus, the social media advertising boycott goes global. The Boeing 737 Max begins test flights. And, migrant workers' remittances are expected to drop …
Global trade may be down, but trade agreements forge ahead. This week, the U.S.-Mexico-Canada Agreement goes into effect. NBC plans to take over broadcasting the U.S. Open golf championship. And, the future of education and online learning.
From the BBC World Service: There have been fatalities following an attack by gunmen on the Pakistan Stock Exchange building in Karachi. Amazon workers in Germany strike over COVID-19 safety fears. Fears of food insecurity in East Africa grow amid a new wave of desert locusts.
Consumers spending jumped a record 8.2% in May, but "we're not even close" to back to normal. Airlines executives are going to the White House today to talk COVID-19 concerns. And, Ibiza's clubs are shut down for the foreseeable future.
Half a million Americans have turned to Obamacare during COVID-19. So why does the Trump Administration want the Supreme Court to strike it down? Texas governor pauses reopening the state. And, people are ditching big weddings in favor of elopements.
From the BBC World Service: Almost 2,000 people are under quarantine in Germany after a coronavirus outbreak at a meat factory. Meanwhile, France's coastal towns are relying on domestic visitors as EU countries discuss reopening borders.
One of the largest product-liability settlements ever is taking shape. Will the U.S. be able to sustain an improvement in reducing unemployment? The strength of the Nike brand in its support of Black Live Matters. How the pandemic is testing the foster care system.
As we reimagine an economy of the future, economist and "Angrynomics" author Mark Blyth shares ideas for a "citizens' wealth fund." And, with COVID-19 cases spiking, reopenings are being reconsidered, including at Disney theme parks.
From the BBC World Service: Billions are needed to boost the economy of Africa's largest crude oil producer. Qantas cuts 20% of its workforce. Travel companies struggle as Saudi Arabia bans international pilgrims travelling for hajj.
Federal officials have agreed to release information about who got Paycheck Protection loans, but new research suggests those who got the most may have needed aid the least. Plus, a cautious mood among stock investors with COVID-19 spikes. And, the child care industry's dire need for financial help.
Economists track what's called the Baltic Dry Index as a snapshot of what's coursing through the arteries of the global economy. That number, about ship cargo, is at a seven-month high. Plus, 13 more J.C. Penney stores will close for good. And, surveying millennials about transformational change.
From the BBC World Service: Some families facing financial hardship in Latin America are sending children to work. Germany imposes fresh regional lockdowns after a spike in COVID-19 cases. A spotlight on Spain's migrant fruit pickers.
Confusion after White House trade adviser Peter Navarro seemed to say the U.S.-China "Phase 1" trade deal was "over." Trump says it's "fully intact." How long will the grocery surge last? How COVID-19 is hitting densely populated Chelsea, Massachusetts.
From the BBC World Service: Around 70% of America's H-1B visas, now temporarily suspended, go to workers from India. Renault and Nissan face a U.K. lawsuit over emissions cheating claims. South Africa announces its first COVID-19 vaccine trial.