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.

Following a White House order, the U.S. will stop issuing new visas for people who want to travel to the country for work. Rethinking police dramas on TV. China launches its final satellite in a system to rival GPS.
The IRS is making more families eligible to borrow from their retirement accounts without penalty. American Airlines has been forced to raise another $3.5 billion. Why the U.S. government would sell bonds that don’t need to be paid back.
Nearly 4.5 million homeowners were late on mortgage payments in May. Plus, potential home sellers have been cautious about getting into the market. As businesses reopen, some add a COVID-19 surcharge. And, Wirecard says the missing $2 billion never existed.
From the BBC World Service: The German payments processor Wirecard says money missing from its accounts may not exist. Britain tightens foreign takeover rules for future pandemics. How furloughed airline staff are helping health care workers.
Given the intense focus on racial injustice, corporations are doing more to mark Juneteenth this year. Plus, how much money did households save by cooking their own meals during lockdowns? And, 40 years of CNN.
Conflicting signs today on whether or not the U.S. and China are reconciling trade differences. Also, a breakdown in Canada-China relations. And, a DACA recipient on what Thursday's Supreme Court ruling means for him.
From the BBC World Service: It's been dubbed "Next Generation Europe," but can the EU find unity on a COVID-19 recovery fund? Australia says it's been the victim of cyberattacks by a state actor. Why remittances are so vital for millions of families.
The Federal Reserve is trying to be as nurturing as it can to the economy in the pandemic, making credit easier to get, interest rates low, markets smooth. Plus, 1.5 million more people applied for unemployment benefits. And, the last installment of "A History of Now," the current season of …
The President of the Federal Reserve Bank of Dallas, Robert Kaplan, on how stamping out racism would contribute to everyone’s success. Plus, the economic fallout of a surge in COVID-19 cases in parts of Arizona, Florida, Texas, California and more.
From the BBC World Service: Two of Britain's biggest companies apologize for their ties to the slave trade and make charitable donations. An English soccer star heads up a successful campaign to ensure the nation's most vulnerable children don't go hungry during the coronavirus crisis.
Facebook says it’s going to let people turn off all political ads. This, as several civil rights groups are calling for major advertisers to boycott the platform. Signs of life in the housing market. And, can work-sharing programs prevent layoffs?
In 2013, the city of Camden, New Jersey, disbanded and replaced its police force. What lessons can we learn? Plus, Fed Chair Jerome Powell will be talking “pandemic economy” to Congress again today. He said there are some signs of stabilization.
From the BBC World Service: At least 20 Indian soldiers have been killed on the disputed border between India and China. Trade tensions have already been bubbling between the two nations. So how worried should we be? Also, as the world’s most popular soccer league – the English Premier League …
Retail sales jumped by nearly 18% in May, more than double the forecasts. Federal Reserve Chair Jerome Powell starts two days of congressional testimony today. And, in our Reimagining the Economy project, the case for a job guarantee.
Human resources experts say companies should update employee handbooks to make clear that discrimination based on sexual orientation and gender will not be tolerated. Also, activists are still pushing for Congress to pass a law on equality that would make some related forms of discrimination illegal. And, a pioneer of …
From the BBC World Service: Crew changeover delays at major shipping hubs have led some seafarers to threaten to put down their tools. China faces fresh economic pressure from a new COVID-19 outbreak. A slump in oil demand is expected through 2021.
The pandemic has closed casinos, a major economic engine for Native American tribes. Money out of the stock market following news of a COVID-19 outbreak in Beijing and infection increases in U.S. states. Bankrupt Hertz is flooding the used-car market.
The White House is worried that the extra $600 a week in unemployment benefits makes not working too attractive. Democrats want to keep providing that money until January. The new head of the U.S. Postal Service. And, how COVID-19 is reshaping the response to domestic violence.
From the BBC World Service: As non-essential stores in England open for the first time in three months, the boss of bookseller Barnes & Noble and Waterstones explains how quarantining books works. Investors worry about a potential second wave of COVID-19 infections.
Employees are crowdsourcing donations to social justice groups, which their employers matching. Plus, a roller-coaster week on Wall Street, a new number on consumer sentiment and spikes in new COVID-19 cases. And, household debt increased in the first quarter.