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.
Officials are currently focusing on cleanup and housing efforts for tens of thousands of people in the wake of LA’s fires. But over the next few years, the focus will shift toward rebuilding, Yet those efforts will face shortages of skilled labor and building materials, as well as expensive construction loans. Also, we’ll discuss the fallout of President Donald Trump’s pullout of the World Health Organization and moves to shut down DEI efforts.
From the BBC World Service: For decades, the two multinational giants Coca-Cola and PepsiCo have been competing for Indian consumers. But now they face competition from a brand launched by Asia’s richest man. Plus, the chair of a British antitrust regulation agency is out as the United Kingdom goes for growth. And, a Dutch court has ordered the government to drastically cut nitrogen emissions in the Netherlands.
This morning, we’re continuing to discuss the start of President Donald Trump’s second term. Trump is set to meet with Republican Congressional leaders today as they map out his legislative agenda, and he’s already issued a wide-ranging series of executive orders. We’ll dig in and hear how bond markets are responding. Also: A new lending program helps Texans brace for extreme weather. And, can improv help facilitate healthy dialogues?
Because yesterday wasn’t the day. Today, we’ll get to President Donald Trump’s executive orders right out of the gate. We’ll talk about what was included — including a hiring freeze on federal government workers — and what wasn’t. Plus, a national emergency on energy is meant to increase energy production, global economic leaders meet in Switzerland, and consumers continue to spend a lot but with a political divide.
A new administration enters the White House this afternoon. Today, we’ll hear Scott Bessent, President-elect Donald Trump’s pick for Treasury Secretary, outline his economic thesis for the four years ahead, then hear how Minnesota Lieutenant Governor Peggy Flanagan is bracing for conservative policies and viewing the role of reproductive rights in women’s economic lives. Also on the show: We’ll head to the ice, where North America’s National Hockey League is breaking records for viewers and revenue.
Donald Trump starts his second term as president today. But even if Inauguration Day events are largely relegated to Washington D.C., discussion of Trump’s second presidency — and politics more broadly — are likely to pop up just about anywhere, including at work. So how these conversations and political tensions be handled in the workplace? We’ll discuss. Then, scammers are spreading misinformation as people look to help those affected by the Los Angeles fires.
From the BBC World Service: Let’s talk about the billionaire boom. Billionaire wealth surged by a staggering $2 trillion last year. That’s three times faster than the year before, according to a new report from Oxfam – which was just released as world leaders and business elites gather for the World Economic Forum in Davos, Switzerland. We’ll unpack. Plus, TikTok is back after a weekend of uncertainty.
California officials and insurance representatives are holding workshops starting this weekend to help people deal with their insurance companies amid the fires. It’s a complex system. Today, we’ll have a conversation with California Insurance Commissioner Ricardo Lara about gaps in insurance and what the road to recovery looks like from here. Plus, a new World Bank report shows that economic growth among developing countries is slowing. We’ll unpack the reasons why.
From a new so-called Department of Government Efficiency to an incoming Republican Congress, deep cuts to the federal government are promised this year. Among areas to be reviewed are Medicaid and Medicare. But that spending is popular among voters — Republicans and Democrat alike, according to a new poll from the health research organization KFF. But first, California officials are launching a new effort to help people navigate the insurance maze this weekend.
From the BBC World Service: China’s economy grew by 5% last year, beating expectations. This growth was driven by the country’s manufacturing sector, with those goods mainly heading to foreign markets. But China is still struggling to shake off a protracted property crisis, high local government debt and youth unemployment. We’ll discuss. And later on the program, we’ll hear about the economics and history of Italy’s traveling troubadours.
“We already felt like we’re being priced out,” said Claire Contreras, a teacher who lost her Altadena apartment to a fire. “All of this just kind of puts a big question mark on our long-term ability to even stay in LA.” Today, we’ll hear Contreras reflect on reentering the rental market at a time when thousands of others are also seeking longer-term shelter. Also: a look at competition for U.S. seasonal work visas in Guatemala.
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