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.
Are people chilling on Netflix? Its growth numbers are pointing in that direction.
Netflix stock is down almost 20 percent in futures trading, and according to the streaming giant’s latest quarterly report, we know that subscriber growth slowed dramatically last year from the blockbuster numbers in 2020, when so many of us where staying home and leaned on Netflix for entertainment. Christopher Low discusses mortgage rates and the bond buying program in our markets talk. The Sundance Film Festival is going virtual again – how does that work when it comes to networking?
Global energy giants plan their exit from Myanmar over human rights worries
From the BBC World Service: Two of the world’s biggest energy companies, Total Energies and Chevron, are leaving Myanmar amid concerns about human rights abuses following last year’s military coup. Plus: Toyota is hit with production delays. And, can insects become a bigger go-to food staple globally?
Natural gas fuels part of the Russia-Ukraine conflict
Tensions between Russia and Ukraine have continued to rise. One sticking point is Russia’s crucial role in supplying natural gas to Europe through Ukraine and what a military conflict would mean for that gas. Another is the Nord Stream 2 pipeline, which was built to carry natural gas from Russia to Europe – and circumvent Ukraine. The pipeline, which is not yet online, could mean economic problems for Ukraine. Arkady Ostrovsky, The Economist’s Russia and eastern Europe editor, spoke to us about what’s at stake. Also today, we take a look into Amazon’s plans to open an actual brick-and-mortar clothing store in Los Angeles.
Should trading stocks feel like playing a game?
We’ve been chronicling the trend of younger people getting into stock trading via their phones, which has led to some interesting results, such as last year’s GameStop frenzy. Critics say the more trading stocks feels like a game, the bigger risks people take with their money. Diane Swonk talks the markets with us after data on jobless numbers reflect omicron’s damaging effects on the economy. President Biden said there’s a peacemeal path to move his Build Back Better plan forward.
Senate Judiciary Committee targets Big Tech’s app practices
The Senate Judiciary Committee takes up two bills today aimed at reining in the power of Big Tech companies such as Google and Apple. One bill would force tech giants to open up their app stores to more competition. The other would bar them from favoring their own apps and services. Rising prices haven’t stopped people from buying products from big companies such as Procter & Gamble, data shows. Community colleges will be getting a big financial boost from the Biden administration, so what can they do with it?
Calls for compensation after Tonga’s volcanic eruption sparks oil spill in Peru
From the BBC World Service: Authorities in Peru say a tanker spill has caused an “ecological disaster” with hundreds of dead animals. Government officials have urged Repsol, the Spanish refinery operator, to do more to help cleanup efforts. Plus, a cyberattack on the International Red Cross exposes half a million vulnerable people. And, there are concerns the game-like nature of some stock trading apps encourages too much risk taking.
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Marketplace Morning Report
Someone please tell Diane Swonk she’s NOT nauseous. She may be NAUSEATED by what’s going on in the markets, but she herself does not induce nausea!
Love the content and the info!