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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Supply chain drama … again
We’re heading into another summer with the specter of serious supply chain disruptions. The union representing dockworkers at ports on the East and Gulf Coasts has called off negotiations with shipping companies, because the union says those companies are trying to replace workers with automation. Also: a look at how failing to meet kids’ basic needs hurts their educational outcomes and how bankruptcy has become an “escape hatch” for big corporations.
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Jobs IRL: Looking at jobs on a more atomic level
Today, we’re heading to the Georgia-South Carolina border to hear about a program that pays as they train. It’s at the Savannah River Site, overseen by the Department of Energy, where workers do everything from from dimming down highly toxic plutonium into something no longer weapons-grade to processing spent fuel rods pulled from nuclear reactors. Also on the show: a lawsuit over forever chemicals in the nation’s drinking water.
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Singapore Airlines offers compensation for turbulence flight
From the BBC World Service: Singapore Airlines has offered $10,000 compensation payments to passengers who suffered minor injuries during a flight that hit sudden, extreme turbulence last month. Then, European soccer championships kick off on Friday, and a thriving market has popped up to sell counterfeit replica kits. And later: Nollywood, Nigeria’s movie industry, could be worth as much as $15 billion by 2025, but questions are being raised over safety.
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A big week for the Fed, probably not a big week for interest rates
The Federal Reserve’s Open Market Committee meets tomorrow and Wednesday for its fourth interest rate-setting meeting of the year. We can say with almost total certainty that the Fed will do nothing to those interest rates, and recent news on the job market isn’t likely to change the Fed’s thinking. Then, Reddit is pushing deeper into advertising. And later: how the Tribeca Festival came to be such a moneymaker for New York City.
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Jobs IRL: How Georgia makes movie makers
You know the Georgia peach logo at the end of shows like “WandaVision” or “The Walking Dead?” The peach means a production was filmed in Georgia, where major tax credits are helping the state grow its film industry. Today, we head to Atlanta to hear about the pipeline for show business gigs there. Plus, Americans are paying down their credit card balances thanks to a strong labor market.
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Macron takes risk with surprise election
From the BBC World Service: France’s President Emmanuel Macron has called snap parliamentary elections in the wake of a big victory for rival Marine Le Pen’s National Rally in the European Parliament vote. We’ll unpack. Then, Malaysia is ending its blanket subsidy for diesel, which means prices will go up by 50%. And Honda is the latest Japanese carmaker to be inspected for safety certification issues.