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.
$3 trillion in excess savings is ready to be unleashed. What does that mean for the economy?
Christopher Low joins us today to talk about inflation, demand and the simmering spending power of households due to $3 trillion in excess savings. We look into how inflation has been rising all over the world, as the BBC checks in on how inflation could hit 5% in the next few months. U.S. financial regulators this week said climate change is a threat to the nation’s financial stability in a report. The report comes days before the U.N. conference on climate change.
Amazon warehouse workers make another union push, this time in NYC
Organizers at four warehouses in New York City are collecting signatures – and expect to have enough as early as Monday – in order to request authorization to hold a vote to unionize. It’s the second attempt at unionization for Amazon warehouse workers this year. We look at the challenges facing people looking to buy a home, as builders struggle with supplies. New research from the U.S. Department of Agriculture shows the ripple effects of SNAP benefits in rural communities.
Bank of England warns of looming 5% inflation
From the BBC World Service: As inflation fears around the globe persist, the Bank of England’s new chief economist has warned that U.K. inflation is likely to hit or surpass 5% by early next year.
How COVID numbers might affect the hiring numbers
Initial claims for state unemployment benefits remained below the 300,000 mark last week, as the Labor Department says claims totaled 290,000, which is a pandemic low. This week is when the government conducts the survey that will lead to hiring numbers for October. Diane Swonk joins us to discuss how the cresting COVID numbers might show up in labor market data. We also discuss how the upcoming holiday shopping season has both retailers and consumers worried about different things. An apprenticeship program helps train nurses into better paying positions as nurses in California’s prison system.
The world of truffles is murky and expensive
It’s truffle season, and prices for the highly sought-after white truffles soared this year to around $4,000 per pound. The market is the subject of the documentary “The Truffle Hunters,” as well as Rowan Jacobsen’s book, “Truffle Hound.” We spoke to Jacobsen about the evolving, but still foggy, truffle market. In keeping with books, we also discuss the Federal Reserve’s Beige Book, which serves as an economic snapshot through the lens of regional banks.
Shares in stricken Evergrande start trading again – and immediately slump
From the BBC World Service: Shares in the Chinese property firm Evergrande returned to trading after a 17-day hiatus, but immediately plunged as the company’s woes continue.
Love the content and the info!
Great show but too many repeats
Great show but too many repeats
Great morning business report
Unbiased reporting of the morning’s business news.