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.

The stock market had its biggest drop since March. A big part of the Republican National Convention is moving from Charlotte, North Carolina, to Jacksonville, Florida. Calls to change the measure that lets police departments get surplus military hardware and supplies.
From the BBC World Service: The U.K.'s economy shrank by 20.4% in April, the sharpest contraction since records began. Asian and European stocks follow Wall Street down on fears of a second wave of the coronavirus. And, Sony has revealed its new Playstation 5.
After IBM said it will no longer sell or research facial recognition software, Amazon announces amoratorium on police use of its technology. Grubhub's acquisition by Just Eat Takeaway. The stock market tumbles again, given a reality check by Federal Reserve policymakers.
America's top economic policymakers at the Federal Reserve think the COVID-19 economy will linger on. How the U.S. shelters homeless people during a pandemic. And, how Starbucks has been hit the decline in commuting.
From the BBC World Service: Why Europe's Just Eat Takeaway acquired Grubhub and what it means for Uber Eats, who'd previously been trying to secure a deal. Trade tensions rise between China and Australia. Spain's top soccer league La Liga returns tonight, providing a financial sigh of relief for its …
Congress and the president are deciding whether to extend the extra $600 a week in unemployment benefits. Should government support for the economy continue? The number of deferred credit card payments appears to be dropping. How community participation can guide law enforcement.
The Organization for Economic Cooperation and Development predicts a deep recession around the world. But for how long? Adidas pledges to hire more Black employees. And, how COVID-19 might lead to more "youth disconnection" in the U.S.
From the BBC World Service: NATO's Secretary General Jens Stoltenberg has told the BBC he welcomes a U.K. review of the Chinese tech firm Huawei. Also, how reformed community policing could look around the world, and how to fund it, and HBO Max pulls "Gone with the Wind" from its …
How we feel is now certified by the experts — the National Bureau of Economic Research says the U.S. in a recession. But smaller businesses are more optimistic than they were a month ago. And, how the NFL is responding to protests for justice around the country.
The editor-in-chief of Bon Appétit magazine, Adam Rapoport, has resigned after a photograph of him in brownface resurfaced. And, a small liberal arts college in Wisconsin is overhauling its academic calendar to prepare for a return to campus amid COVID-19.
From the BBC World Service: The French government releases more aid with fears a slump in demand for airplanes could turn Toulouse into the "new Detroit." What are the longer-term implications of a drop in electricity demand during COVID-19 restrictions?
Surprise job growth. State reopenings. Market optimism. And positive economic growth projections for the third quarter. Plus, of a potential mega-merger in the pharmaceutical industry. And, the significance of a Russian tanker's voyage through the Arctic.
New York City, where more than 21,000 people have died from COVID-19, enters phase one of its reopening. OPEC extends record cuts in oil production. We check back in with one of many Black-owned businesses left out of the first round of the PPP.
From the BBC World Service: European airlines criticize U.K. government rules for arriving international passengers. Could a social enterprise model work for a COVID-19 vaccine? The pandemic could wipe half a trillion dollars from Asian economies.
The U.S. unemployment rate unexpectedly dropped from nearly 15% in April to 13.3% in May. Economic divides by race are apparent in the numbers, though: the rate for Black people ticked slightly higher. And, where are sports leagues on plans for reopening?
This week, the Labor Department listed the cities that have been hardest hit by layoffs. The president has a new executive order, allowing federal agencies to bypass some environmental laws. What drives theft and vandalism during protests?
From the BBC World Service: British pharmaceutical giant AstraZeneca begins production of a potential COVID-19 vaccine with some help from Bill Gates. New U.S. trade restrictions on 33 Chinese firms adds to concerns about a technology cold war between the world's two largest economies. British pubs are turning to takeout …
Rehiring has been happening, but slowly. And another 1.9 million people filed jobless claims last week. LA will move money out of policing. A new set of rules from Congress for PPP loans. A look at how housing came to be so precarious for many.
Reimagining a new economy post-COVID-19 requires eliminating racial inequities, says Andre M. Perry. And, a new report shows that many people working for public schools are losing their jobs.
From the BBC World Service: President Trump threatened to ban Chinese airlines from landing in the U.S., if Beijing refused to allow U.S. flights to China resume. LVMH's bid to buy Tiffany & Co is under review. Europe's central bank plans more stimulus.