Marketplace Morning Report Marketplace
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- Business
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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The Supreme Court, tribes and online gambling
In a flurry of recent U.S. Supreme Court decisions, the Justices’ lack of action on one case is a major victory for the tribal gaming industry. The court left in place an agreement between the Seminole Tribe of Florida and the state of Florida, and left the door open for tribal nations to expand into online gaming. We’ll delve into the impact. And we’ll also examine how immigration policy has shaped the U.S. economy.
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The latest on that potential TikTok ban
TikTok’s Chinese parent company, ByteDance, has six months to divest or the U.S. plans to ban the app for national security reasons. But in a new court filing, ByteDance calls the U.S. government’s demands unconstitutional and says government officials have refused to seriously negotiate for two years. Also, AI comes for banking jobs. And later, what if your deepfake was circulating halfway across the world in China?
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Kenyans push back against new taxes
From the BBC World Service: Kenya’s government has been forced to drop some of its plans for new taxes, but widespread protests are continuing over its controversial finance bill. We’ll hear about the government’s intent behind the proposed new taxes, as well as which policies have now been scrapped. Also, what does a British court judgement on the climate impact of oil projects mean for future developments?
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The extra long lag of the Fed’s interest rate hikes
In the U.S., the Federal Reserve has decided to keep rates elevated for a year now. The Fed’s goal is to hit a 2% inflation target, but that last mile has been difficult. And part of it has to do with how we are able to lock in debt at times of lower rates in the U.S. We’ll discuss. We’ll also hear about RV sales, then the Europe and China’s tit-for-tat trade battle.
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When each state has “its own unique cannabis industry”
Cannabis is now legal — for medical or recreational use — in 38 states, plus D.C. But marijuana remains illegal at the federal level, meaning there are stringent rules governing the transportation of cannabis. That can leave some parts of the industry stranded, sometimes on literal islands. Today, we travel to Martha’s Vineyard to hear how those hurdles have impacted one dispensary. Plus, a look at fossil fuel use and the effort to reopen a criminal case against Boeing.
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China goes tit for tat on tariffs
From the BBC World Service: Chinese carmakers are urging Beijing to slap import taxes of up to 25% on some European cars, following the European Union’s confirmation that it will place tariffs of up to 38% on electric vehicle imports from China. Then, global fossil fuel use and carbon emissions hit record highs last year, despite growing energy production from wind and solar. And charities are worried about the impact of some G7 governments’ slashing foreign aid budgets.