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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Online scammers are upping up their game
A new report from FBI’s Internet Crime Complaint Center shows people 60 and older lost $3.4 billion to fraudsters and scammers last year. That’s up 11% in a year, with an average loss of $34,000 per victim. On today’s show, we’ll hear the latest in elder financial exploitation. We’ll also learn more about Tesla’s surprising move to scrap its EV charging team. Plus, a rate hike could still be on the table.
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Federal subsidies aim to provide a boost to sustainable jet fuel
The Biden administration has issued guidelines for a tax credit aimed at promoting greener aviation fuel. Currently, sustainable aviation fuel accounts for a fraction of all jet fuel and costs more than twice as much as fossil fuels. Will the tax subsidy work as intended? Plus, interest rates are a good news, bad news story. And we’ll take a closer look at the changing economics of sports broadcasting.Federal subsidies aim to provide a boost to sustainable jet fuel
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Is it too late to prevent AI from interfering in global elections?
From the BBC World Service: The European Union is looking into how Meta handles political content. Now, one of Britain’s top computer scientists has warned that it’s too late to prevent artificial intelligence from being misused to influence voters. Plus, cocoa prices have plunged in the last few weeks. And the electric vehicle industry is struggling right now, but the mood’s been optimistic at this week’s Beijing Auto Show.
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International pop stars are finally recognizing the world’s most populous country
Hampered by insufficient infrastructure, famous musicians would often leave India out of their world tours. But the country’s massive, young population makes it a potentially lucrative market, and more musicians are opting to stop and perform there. Thanks to increased investment, it seems India’s live music industry is primed to take off. Also on the program: betting on skee ball and a look at fresh payroll data.
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A story about racism, DEI and the economics of college athletics
A new Alabama law that restricts diversity, equity and inclusion curriculum in public institutions goes into effect Oct. 1. In response, Birmingham Mayor Randall Woodfin is calling on Black athletes to boycott playing sports at Alabama colleges and universities in hopes that the potential economic loss will lead to the law’s repeal. We’ll examine. Plus, the Federal Trade Commission is challenging patents on 20 brand-name drugs.
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EU scrutinizes Meta ahead of elections
From the BBC World Service: The European Commission is investigating how Meta handles political content, including a suspected Russian influence campaign. That issue is particularly important with so many elections coming up around the world. Also, WhatsApp is banned in some countries, yet WhatsApp’s boss says millions are using workarounds to access it. Then, what has stopped many international music artists from touring in India, and why are things changing?