Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.
The unemployed are often locked out of low-rate refi market
Mortgage interest rates have been historically low for the past year — at or below 3%. However, many banks have kept in place Great Recession-era proof of employment requirements. This means that those who lost their jobs during the pandemic and could benefit the most from refinancing are often unable to. Plus: The Weekly Wrap, breaking down what the Fed’s board of governors does, and foreclosures begin to creep back up.
Gentrification meets Texas barbecue
Historically, barbecue has been a cheap and delicious way to cook meat — principally by Black pitmasters who lived in poverty. Now, ‘cue joints win prestigious awards and can charge top dollar. But a lot of media attention has centered on white cooks, who make up a fraction of pitmasters. Marketplace’s Andy Uhler visited a few Texas barbecue restaurants to look at what some are calling the gentrification of barbecue. We’ll also tackle last week’s jobless claims, hear how the John Deere strike is affecting rural America and examine how climate change is likely to reshape migration.
A look at the child care crisis
The child care industry was struggling even before the pandemic. Costs are high for parents who need the service to enable them to work, yet employee wages rank low among professions. Now, some 80% of day care centers are short-staffed. Experts say the $39 billion in relief outlined in the American Rescue Plan may only be a crutch for the problems that plague the field. Also on the program: Consumers are adapting to inflation, what the bump in Social Security payments means for recipients and we hear from a Black entrepreneur who’s operating a brewery and building community.
Americans are quitting their jobs in record numbers
Though unemployment levels are dipping, some 4.3 million people left their jobs in August, according to a new Bureau of Labor Statistics report. The “quits rate” is up to 2.9% — the highest it’s been since the BLS started tracking it. This employee exodus is partially fueling the worker shortage in industries like food services, health care, manufacturing and public education. We’ll also discuss how China’s tutoring regulations have impacted some Americans who teach English as a second language, how index funds revolutionized investing, and what Wendy’s and Google’s partnership could mean for a drive-thru near you.
Why so many products are “temporarily unavailable”
If you’ve tried to buy much of anything lately, there’s a decent chance some of the products you’ve been scouring aisles for have been out of stock. On today’s show, we air the first segment in our new collection, “Temporarily Unavailable,” which explores how stuff moves around the world … or doesn’t. Host Kai Ryssdal gives us an inside look at the Marine Exchange of Southern California in the largest port complex in the U.S. And later: how former “Survivor” contestants are profiting from their reality-star status; companies eye tariff relief under Biden; and new merch is coming your way, courtesy of a new Walmart and Netflix partnership.
How “Squid Game” took over fall TV
People fall into one of two TV camps right now: You’ve either seen “Squid Game” or you haven’t. But odds are you’ve heard of the dystopian South Korean drama, which is on track to be Netflix’s most-watched show yet. The series’ production values and exploration of class have helped it become a global hit, and the show’s success bodes well for streaming services that are making investments abroad and courting international subscribers. Also on today’s program: the Weekly Wrap, an uptick in wages and a preview of Marketplace’s newest series, “How We Survive.”
Kai, host of the Marketplace podcast, highlights all aspects of trading, economics and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
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I used to listen to Fox Business News but ever since they started promoting horse tranquilizer to treat Covid-19 I stopped listening. Plus so many commercials for incontinence products and pillows on their shows!
I’m glad I found this podcast. Kai reports the business news fairly and with balance looking at all sides of the issue. Great job Marketplace and thank you.