Marketplace Morning Report Marketplace
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- Business
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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.
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Blinken’s thorny China trip
From the BBC World Service: U.S. Secretary of State Antony Blinken has arrived in China with a long list of global issues on his agenda: There’s conflict in the Middle East, America’s support for Taiwan and the way China supplies crucial technology to Russia’s war effort in Ukraine. Also: key issues for women voting in India’s general election and southern Spain’s struggle with the highest unemployment rate in Europe.
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Stakes are high for Tesla’s quarterly results
EV maker Tesla will release quarterly results after markets close on Tuesday, but the company has been struggling so far this year. Beset by stiff global competition, Tesla has been cutting prices and laying off workers. We’ll set the stage for the big financial release. Plus, high mortgage rates bring about a real estate quandary. And as part of this month’s Econ Extra Credit, we examine how baseball’s Negro Leagues navigated the Great Depression.
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A venti flat white with an extra shot of labor relations, please
The Supreme Court is scheduled to hear oral arguments today on whether the National Labor Relations Board has to meet a higher burden of proof when intervening on behalf of workers trying to unionize. Starbucks is challenging some of the agency’s powers. We’ll hear more about the case in question. Plus, El Salvador’s unsafe reputation is transforming, but the country is heavily in debt. What are the economic realities. everyday Salvadorans?
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U.K. approves delayed Rwanda migrant plan
From the BBC World Service: The British government’s policy of sending migrants to the African nation of Rwanda is set to become law, but the United Nations and Europe’s highest court have urged the U.K. to drop the proposals. Then, two years since a state of emergency was introduced in El Salvador to try to reduce crime, the Central American country is safer but its economy is still struggling.
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Homelessness by law and by economics
On Monday, the Supreme Court is set to hear oral arguments in a case that could determine whether cities can fine or arrest people in homeless encampments. The case comes at a time when higher interest rates and rising insurance costs are making it more expensive to build low-income housing — especially in California. Also: the macroeconomic vibe for the week ahead and Ireland’s big bet on high-tech media production.
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A landmark moment for the labor movement
For the first time, autoworkers at a foreign-owned plant in a Southern state have voted to unionize. The United Auto Workers union recently saw a landslide victory at a Volkswagen plant in Chattanooga, Tennessee — a win that comes years of failed unionization efforts in the South. We’ll discuss what comes next. Then, we’ll hear the role janitors from El Salvador have played in local labor movements in Houston.