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.
Settlement matter between states and OxyContin makers appears far from settled
The Justice Department has moved to block the opioid settlement between OxyContin maker Purdue Pharma, saying the deal would unfairly protect the Sackler family, which owns Purdue, from future litigation. Italy becomes the first European nation to mandate proof of vaccination and other safeguards for public and private employees. We also have a discussion about the economic legacy of the Camp David accords between Egypt and Israel.
Child tax credit money eluding low-income families
The third installment of the advance child tax credit hit the bank accounts of most American households with children this week, but a new national survey suggests that some low-income families may not be getting them. President Biden is set to hold a virtual meeting with world leaders to discuss climate change in light of recent hurricanes and other climate-related incidents. China wants to sign up for a partnership that was originally designed to counter its trade practices. The BBC checks in with a preview of the elections in Germany to pick the next chancellor.
Lebanese welcome Iranian fuel delivery
From the BBC World Service: Despite U.S. sanctions, thousands of tons of Iranian fuel have been delivered to Lebanon. And Italy has become the first country in Europe to mandate that workers provide proof of coronavirus vaccination, recovery from the disease, or a recent negative test, in order to go to work.
How the gap between rich and poor has led to low interest rates
A paper by economists at Harvard University, Princeton University and the University of Chicago indicates that one explanation for the low interest rates we’ve seen in the American economy for decades has been income inequality. Marketplace senior economics contributor Chris Farrell helps us analyze this possibility. Diane Swonk chats with us for our markets discussion. It also turns out the pandemic has spurred a record number of people to sign up for insurance through the Affordable Care Act.
If heading back to the office freaks you out, you’re not alone
Some people might be excited about heading back to the office, but there are plenty of others who aren’t, and that’s taking a toll on their mental health. We talk to a mental health professional about how returning to the office is affecting people and steps employers and workers can take to prioritize mental health in the workplace. Also, we look at how recent hurricanes in the Gulf have affected oil prices.
A new defense pact strains Australia-China relations
From the BBC World Service: A new defense pact between Australia, the U.S. and the U.K. threatens to put even more strain on the relationship between Australia and China. And Zimbabwe has emerged as a leader in the drive to roll coronavirus vaccines out across Africa.
Quick market update before the work day
I listen to the morning report every morning on my way to work, saves me time to catch up on market news before getting into the office.
Too many podcasts in a day
I used to get one Marketplace Morning Report in the morning each day, no I get 3 or 4 in a day. I may have to cancel due to cluster