35 Burst results for "David Brancaccio"

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

05:25 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"I am. Hollywood hosts marketplace tech a show. That helps you understand the digital economy. How a more of the country get access to better internet. What new jobs will artificial intelligence creates or destroy and what tools will help us. Survive are already changing climate. We tell the stories behind the technology in our lives and every weekday. Our podcast brings you insight. You won't hear on the radio checkout marketplace tech wherever you get your podcasts. i'm david brancaccio. The latest hurdle in the fight over president biden's three and a half trillion dollar infrastructure package involves the administration's effort to lower the cost of prescription drugs. Specifically it's about allowing medicare to negotiate drug prices. Many republicans announce democrats. Do not like this nor do drug companies. Here's marketplace's nancy marshall genzer. The biden administration wants to expand medicare. But that has to be paid for the house. Version of the three and a half trillion. Dollar bill would link. The prices medicare pays for some drugs to what they sell for in certain other countries. A recent study by the rand corporation found that. Us drug prices are about two hundred fifty percent of prices in other developed nations. This proposal could save an estimated five hundred billion dollars over a decade three democrats on a key. House committee voted against the measure. Another committee voted to keep it alive. But it's chances in the senate are unclear and drug companies which are big political. Donors really don't like this. They say allowing medicare to negotiate drug prices would lead to less money for research and development. I'm nancy marshall genzer for marketplace. When i was just a lad on the radio and jimmy carter was president the local savings bank advertised that we give you five and a quarter percent interest normal savings account now these days. Look around. maybe you'll get half of one percent from the bank. The chief ready answers to why interest rates are so low. These days is they've been engineered. Lowered provide cheaper borrowing in this pandemic emergency but really interest rates have also been quite low for years and among the new theories for this the widening gap between rich and poor here to explain his marketplace's senior economics contributor chris farrell and saint paul. Hey there hey david. The gardens of interest rates are keeping interest rates low as a stimulus to spur the economy. Okay talk about that every day but the fact that the baby boom were older is contributing to these low interest rates. You think right because interest rates have been coming down for a longer period of time than the pandemic or even the two thousand eight two thousand nine great recession. So think baby boomers right. They're saving in anticipation of needing money in their later. Years and a lot of that money goes into fixed. Income securities like bonds and money market funds so higher retirement savings rates by boomers in their peers elsewhere in the world that puts downward pressure on rates. And if this idea is essentially right david you know. We're probably not that far from the day when rates could start climbing higher as boomers spend down their savings and retirement to maintain their standard of living right because people when they get older. Take a more conservative approach. They tend to buy bonds. Demand for bonds means interest rates. Don't have to be so high to get buyers for those bonds and interest rates. Then come down. But when central bankers met late this summer not quite. In jackson hole wyoming. It was a virtual meeting. There is an interesting paper that added a new wrinkle to this. That you've been reading right. They put the onus on rising income inequality the richer getting richer and the economists estimate that the top ten percent accounted for thirty percent to forty percent of total private savings in the us over the past quarter century so much of that money went into bonds and other fixed income securities which in turn drove interest rates down and the further irony. That if you're not wealthy and you're just trying to eke by on the little that you have saved these low interest rates hurt you because you're not getting the returns you need to live right but if you are wealthy and you own real estate's equities they have been soaring in value in one of the reasons. Why is this low interest rate environment that we're in so there are a couple of implications of this david. Me one is well. Maybe we're in the low rate environment for a longer period of time than we're thinking but more importantly rising income inequality is a much bigger threat to america standard of living than aging boomers. All right the views of marketplace's senior economics contributor chris farrell. Thank you so much for helping us with this. Thanks a lot david. I'm david brancaccio. This is the marketplace morning report from. Apm american public media..

nancy marshall medicare david brancaccio president biden biden administration rand corporation House committee chris farrell Hollywood jimmy carter david saint paul senate
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

04:05 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"This marketplace podcast is supported by personal capital. Who can help you take control of your finances no matter where you are. Download the personal capital app or start today at personal capital dot com to get free professional grade financial tools including a retirement. Planner and fi analyzer. Want to talk. Personal capital has registered advisors by phone or online for qualified users personal capital. There's no place like financial confidence today. We're getting two takes on the nudging and the the waiting and the u-turns in policy surrounding a key workplace culture issue of these latter months of 2021 bosses who want us back working on company property and employees who conclude that working remotely is actually better for them and for the work. Let's turn to alexis in employee at minnesota government agency. We agreed not to say her last name or identify her specific job given her concern that speaking out could have negative consequences at work. She's now in a hybrid work schedule. Sometimes she has to go into the office but she told me that in her case going in seems if not pointless than counterproductive. When i am in the office. There is a tendency of certain people to to want return to an office norm which is going from cubicle to cubicle. And talking to everybody and you know doing what. I refer to his coffee housing which is not helpful when when you're focused on number intensive analysis in addition to that we are still required to wear masks in the office in all meetings are still held via teams or zoom regardless so those meetings can take place on my couch just as easily as they could take place in my cuticle. Let's spare a thought for the manager. Right they need to manage for accountability. How can they be sure that not you. But let's say someone is not sitting around playing so doku for much of the day. Well certainly Guardrails have been put in place since the start of the pandemic and while it took many years for the department to get to the point where they agreed. Oh it turns out we can work from home. They were very very quick and coming up with solutions to making sure people were staying on track. So of course there's requirements to keep your calendar up to date there's of course requirements to make sure that you remain active on teams there certainly requirements also to have your computer on at all times so that our information technology department can monitor that there's work going on you must miss some of the hurly-burly some of the would you call it a coffee. What did you say. It was a great term kasey housing. Yes you must have some of that. I mean not all of those. Interactions are totally lame. Not all of them but with regards to collaborating with my co workers which is a very important part of the job that i do. That's still in availability. And in fact. I've become closer to some of my co workers since the pandemic primarily because we were working remotely and it made the possible it made the reality of having to reach out and make it intentional to requirement of my job. Alexis works at a minnesota government agency. We agree to withhold her full name and job position given her concern. That speaking out might have some kind of negative consequences in the workplace alexis. Thank you for the time. Thank you david but for bosses in this jam. I also talked today to a consultant who works with senior executives and boards to help them navigate this fraught process. You can stream it marketplace dot org if you missed that conversation on the air. I'm david brancaccio. This is the marketplace morning report from. Apm american public media..

Personal capital minnesota government alexis Alexis minnesota david david brancaccio
Spending in China Rose Despite Delta Variant

Marketplace Morning Report with David Brancaccio

00:23 sec | 1 year ago

Spending in China Rose Despite Delta Variant

"Chinese consumers have been buying more goods but at a far slower rate than expected. There's news today. That retail sales in china for august increased by only two and a half percent compared to a year earlier forecasters expected. That number will be much higher. Maybe up by seven percent officials attributed this to the aftermath of a flood but also the highly infectious delta variant of corona vires.

China
Federal Aid Saved Families During the Pandemic

Marketplace Morning Report with David Brancaccio

01:27 min | 1 year ago

Federal Aid Saved Families During the Pandemic

"The money and other resources. The federal government brought to bear to keep people afloat during pandemic was in essence of vast anti-poverty program. We'll get a sense later. Today of how well the pandemic relief worked. When the us census releases twenty twenty data on poverty other indicators show the programs kept hunger at bay in many households and democrats are pushing to extend some of those programs which do have costs. Marketplace's amanda teacher has more the government provided billions of dollars in pandemic aid. Emergency unemployment benefits stimulus checks and increase supplemental nutrition assistance benefits or food stamps. Without all that care about dairy from. I focus on children's says things would have been much worse while dairy points to the advanced child tax credit deposits up to three hundred dollars a month per kid. They put cash directly in the hands of families cash. That's been going toward things like groceries or rent. Democrats want to continue the child tax benefit the treasury department says it would cost taxpayers about one hundred ten billion dollars a year. Eric york is with the tax foundation. It becomes just very expensive to make it permanent. She says that may be why. Lawmakers are only proposing to extend it through twenty twenty-five according to columbia university social policy center child poverty dropped by more than forty percent after the first child tax deposit in july. I'm amanda feature for

Federal Government Amanda Eric York Government Treasury Department United States Tax Foundation Columbia University Social Pol
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:16 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"A half into the pandemic broad rules on workplace covert safety for marketplace. I'm sorry ben ashore. In for david brancaccio president biden announced thursday that businesses with more than one hundred employees must require their workers to be vaccinated against covet or to test them weekly. These new rules we go through osha. The occupational safety and health administration david michaels used to run osha under the obama administration. He's also an epidemiologist and professor at the george washington university school of public health. The white house has finally realized that osha is a key component of the public health infrastructure. The ocean laws very clear and straightforward. It says every employer must provide their employees with a safe workplace and as the pandemic rages killing hundreds every day limiting the presence in the workplace to workers who are vaccinated or who tests negative. That's that'll be a very effective way to slow. The pandemic president biden has said that employers who don't comply with these rules will face fines of up to fourteen thousand dollars per violation. How do you enforce that. What will that look like. You know this is not so much about enforcement. Osha standards are powerful tools to change conditions. A thousands of workplaces simultaneously without osha ever having to inspect most employers are law abiding employers want their workers. Be safe but many have been hesitant to require vaccinations. Now they can say the federal government is requiring it and many workers will feel more confident about returning to work but also they'll be able to complain to osha if employers arts complying with new requirements. And though should can send out inspectors and they can issue fines. But i think that'll be the exception. I think most employers will move forward. And do the right thing. David michaels epidemiologist and professor at the george washington university school of public health. He served as head of osha in the obama administration. I thank you so much but pleasure to be with you. Grocery chain kroger reports earnings later today like many supermarkets. It's a big growth during the pandemic but that growth is going to be hard to match with people spending less time at home in august. Kroger said it's going to try something. New working with so-called ghost kitchens. These are restaurants that only do delivery and takeout arca places meghan mcardle. Carino us more ghost. Kitchen's like the kitchen united in pasadena california have become a pandemic success story you order online or from a bank of kiosks in an otherwise empty. Storefront shoes twin. One two three four five four. There are twenty four different restaurant menus fried chicken barbecue taco salads l. cooked by one staff in one kitchen in the back soon kroger will bring this model into it. Stores it actually helps grocery stores and delivery restaurants solve a problem for the other joel ramble retail consultant with alex partner's grocery stores tend to be in great locations there near where the customers are but most grocery stores are actually too big whereas restaurants have the opposite problem rambled says. The combination could attract consumers looking for convenience. Who may have pulled back a bit on costly. Deliveries mega.

osha obama administration george washington university s david brancaccio david michaels biden kroger ben white house meghan mcardle Carino federal government pasadena alex partner california united
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:04 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"I'm sorry ben. Ashore in for david brancaccio resident biden and chinese president. Xi jinping had a ninety minute phone call late yesterday. It was an attempt to improve us. China relations which have been contentious on a lot of levels marketplace's. Nancy marshall. Genzer has more one huge issue between beijing and washington trump administration tariffs on imports. That are still in effect. The biden administration is reviewing its china policy including what to do about the tariffs a survey of us. Companies from the american chamber of commerce in china says almost half want the tariffs removed. Three-quarters say they're impacted by the tariffs. The biden administration has also accused. Chinese officials of stealing intellectual property from us. Companies and president biden his blame china for cyber attacks in the us linking beijing to hackers. The white house says yesterday's call was meant to responsibly. Manage the competition between the us and china and the two leaders discussed quote. The responsibility of both nations to ensure competition does not veer into conflict. I'm nancy marshall genzer for marketplace. If you are a company that employs more than one hundred people you gotta require them to get vaccinated or test them every week. That's one of several new rules. President biden announced thursday altogether. These rules would cover as many as one hundred million americans now. A lot of companies already require vaccination of at least some of their workers take for example united airlines earlier this week. United tightened its policy even further. It said that employees who were exempt from the company's vaccine mandate for religious reasons would be put on temporary unpaid leave marketplace's carolyn champion has more the policy will probably be challenged in court according to uc hastings. Law professor dora rice. It's not exactly firing the people who have religious objections but it's very high burden on them and a very serious sanctioning them. Rice says courts would likely look to see if united was reasonably accommodating to these employees and the risk to customers and staff would also be considered yale health policy. Professor jason schwartz says considering the cove in nineteen delta variant. The policy is an understandable. Revision to the company's original mandate air travel is such a vehicle from areas where there's high transmission areas of low transmission. This is the strictest. Mandate that laura boudreaux with the columbia business. School has seen so far. This will be another kind of potential. Turning point in terms of how far will expect to see other employers go with their policies. She says the future of individual airlines could come down to the success of their policies. I'm.

biden administration china david brancaccio Nancy marshall Genzer american chamber of commerce president biden Xi jinping beijing nancy marshall President biden biden ben uc hastings dora rice washington white house us united airlines
The Ongoing Health Costs Associated With 9/11

Marketplace Morning Report with David Brancaccio

01:58 min | 1 year ago

The Ongoing Health Costs Associated With 9/11

"To federal funds established after the attacks of september eleven. Two thousand and one have paid around twelve billion dollars over the years. The money went to first responders. The families of those who died or people have gotten sick as a result of the terrorist carnage. Medical claims have been increasing in recent years. Many from people with cancer marketplace's samantha fields reports on the ongoing health costs connected to that day twenty years ago this weekend. Michael o'connell responded to the world trade center as a firefighter on nine eleven and spent the next few weeks working at ground zero five years later he got sick. I know the exact date. It was december thirty first. Two thousand six new year's eve. He went to bed that night filling healthy but when he woke up the next morning i literally had swollen limbs swollen ankles all my joints were inflamed by body kind of blew up to like twice the size. It was a pulmonologist figured out that he had a rare autoimmune disease called sarcoidosis that was attacking his skin and joints and told him he'd gotten it from breathing in toxins. The material that responders and survivors were exposed to when the towers collapsed was quite toxic. Dr michael crane treats a lot of nine eleven first responders through the world trade center health program clinic at mount sinai so huge huge burning buildings collapsing. Everything inside is burning and it collapses down into a pile and then an enormous. Dust cloud a lot of firefighters. Police officers and others at ground zero started getting sick almost immediately. I with what they called the world trade center cough then. Ptsd and depression. And eventually years later cancers this exposure has a really really long tail anyone who develops any kind of illness linked to nine eleven can get free healthcare through the world trade center health program but michael bearish a lawyer for nine eleven survivors says there are likely a lot of people dealing with nine eleven related health problems. Who don't know they're

Samantha Fields Michael O Connell Dr Michael Crane World Trade Center Health Prog World Trade Center Cancer Sarcoidosis Mount Sinai Ptsd Michael Bearish Depression
After Afghanistan August, Biden Pivots to Domestic Agenda

Marketplace Morning Report with David Brancaccio

01:57 min | 1 year ago

After Afghanistan August, Biden Pivots to Domestic Agenda

"I'm david brancaccio. The biden administration spent august focused on pulling the us military out of afghanistan and attempting to quell the delta variant. Now it's september. The white house is hoping to turn to its economic agenda marketplaces and dealers on the line with more of those priorities. That's right david. The white house is looking to pass more than four trillion dollars in domestic spending. Which includes that bipartisan infrastructure. Bill that biden is arguing is even more pressing after hurricane ida devastated the gulf coast and left some of the northeast flooded and he approved major disaster declarations up north. And he's also touring the damage in new york and new jersey today. And you know that he's going to be pushing that build back better agenda in the process and the bulk of the spending would come as a budget reconciliation package. It's called with the price tag of some three and a half trillion dollars with a t but sounds like summer worried about spending too much. Yeah that's exactly right. That's spending would effectively direct toward different social programs. Things like family services health. lots of environmental programs. Now senator joe manchin of west virginia. He's a pivotal democrat. Whose vote is key to getting anything through the senate. He's already said that. He's worried about the government racking up so much debt but the biden team is confident that he's going to be persuaded now. Biden's also continued to argue for a higher corporate tax rate to help pay for community. College paid family the expansion of child tax credit as well but in terms of capturing the spotlight afghanistan and pandemic. These are not going away. That's exactly right. They're not and it's really biden's hope that he can shift focus to his economic priorities but that could be easier said than done especially after two important pieces of the cove in nineteen relief. Package just ran out. The federal moratorium on evictions is over and just yesterday. Almost nine million people lost their unemployment benefits

David Brancaccio Biden Administration Hurricane Ida White House Biden Afghanistan Senator Joe Manchin Gulf Coast David New Jersey Bill New York West Virginia United States Senate Government
China Steps up Direct Involvement in Internet-Content Firms

Marketplace Morning Report with David Brancaccio

01:14 min | 1 year ago

China Steps up Direct Involvement in Internet-Content Firms

"To china. The key index in shanghai fell two point one percent today. Shares in china based internet companies fell after china's market regulator moved to further tighten control over its technology sector with alibaba cent and jd dot com closing the day in hong kong between four and five percent lower. Marketplace's china correspondent. Jennifer pack is in shanghai. The draft rules would ban internet firms from things like exploiting user data by learning how customers behave or influence them to not choose a competitor's products or services it would also ban widespread marketing practices online like fake reviews or giving customers coupons in cash incentives. If they give positive reviews tech giants are also not allowed to limit traffic to other platforms. Like right now if you send an alibaba linked to a friend on we chat. The link doesn't open within we chat. These are tactics which have irked or angered users for while the draft rules are open to public feedback for the next month. It's part of an ongoing move by the chinese authorities to limit behavior by internet giants that the communist party considers damaging to social stability and national security already tech giants like alibaba and tencent have been heavily fined for anti-monopoly

China Alibaba Jennifer Pack Shanghai Hong Kong Tencent
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:46 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"To pause midsummer. I'm david brancaccio. This word today retail sales fell by much more than expected in july decline of one point. One percent is the recovery losing steam in the face of the fastest spread version of the corona virus. Let's consult economist. David kelly chief global strategist at j.p. Morgan funds welcome your morning striking headline here retail sales down that much in july. Should we really worry. not too much mean. I think you have to dig a little bit into the details here. And you'll see this. Both the may and june numbers were revised up pretty strongly. So actually we think that's going to push up estimates of second quarter gdp but the other thing is to recognize just how high retail sales are. I mean retail sales are up sixteen percent from one year ago. But they're up nineteen percent from two years ago so these are very very high levels of retail sales. And i think consumers can be used for taking a little bit of a breather here. But you don't think there's some information contained in this july report about how consumers are processing the threat of the delta variant of corona virus. I think there are some signs of weakness in certain areas here and there are other things you know. Things like auto sales are down. Because frankly there's no inventory Because of a chip shortage but overall i think if you look at a restaurant sales they were up one point seven percent. So what i think is happening is yes. The delta variant is slowing the reopening process. But really it's not ending it. I still think the strong consumer spending growth through the end of this year. David kelly j. p. morgan funds. Thank you so much anytime. turning to china. The key index in shanghai fell two point one percent today. Shares in china based internet companies fell after china's market regulator moved to further tighten control over its technology sector with alibaba cent and jd dot com closing the day in hong kong between four and five percent lower. Marketplace's china correspondent. Jennifer pack is in shanghai. The draft rules would ban internet firms from things like exploiting user data by learning how customers behave or influence them to not choose a competitor's products or services it would also ban widespread marketing practices online like fake reviews or giving customers coupons in cash incentives. If they give positive reviews tech giants are also not allowed to limit traffic to other platforms. Like right now if you send an alibaba linked to a friend on we chat. The link doesn't open within we chat. These are tactics which have irked or angered users for while the draft rules are open to public feedback for the next month. It's part of an ongoing move by the chinese authorities to limit behavior by internet giants that the communist party considers damaging to social stability and national security already.

david brancaccio David kelly china morgan funds Morgan j Jennifer pack shanghai alibaba hong kong
Japan Ekes Out Economic Growth in Recovery From Pandemic

Marketplace Morning Report with David Brancaccio

01:06 min | 1 year ago

Japan Ekes Out Economic Growth in Recovery From Pandemic

"To japan. Now where the economy rebounded faster than expected from its pandemic driven slump. The pickup in the second quarter was largely due to preparation for the tokyo olympics. Figures out today show. The economy grew at twice the rate forecast. From april. To june as the bbc's will bain reports. It may not be all smooth sailing for the world's third largest economy the good news. Preliminary data showed japan's gdp grew by zero point three percent quarter-on-quarter reversing zero point nine percent drop in the first three months of the year. The less good news well when your economy minister declares they have very mixed feelings over the figures you know. There may still be trouble ahead. Yes toshi. Nishimura pointed to a recent spike in delta varian cases around the tokyo olympics plus the slowing economic recovery of its larger neighbour china as reasons to be cautious. Our priority is to prevent the spread of the virus is very bad for the economy for this situation to drag on. He said how successful japan is too. That ends looks likely to be the key to what the next three months of economic output look like. I'm the bbc's will bain

Japan Olympics Tokyo Bain BBC Nishimura Toshi Delta China
Payrolls Increase 943,000 in July as Unemployment Rate Slides to 5.4%

Marketplace Morning Report with David Brancaccio

00:54 sec | 1 year ago

Payrolls Increase 943,000 in July as Unemployment Rate Slides to 5.4%

"Was high and unemployment significantly lower in the month just ended. There's word this morning that a very strong nine hundred forty three thousand more people were added to payrolls in july. A parallel government survey of households finds the unemployment rate down to five point four percent christopher lows the chief economist at fhm financial in new york. Not only nine hundred forty three thousand payroll jobs. But actually some pretty hefty upward revisions to may and june as well so the net job gain was over a million. The unemployment rate dropped by half a percent. It's very unusual to see any month. Where the unemployment rate drops more than three tenths. In fact the only time. I can recall. A bigger drop was in the immediate months after the lockdown last year. So this is real progress putting people back to work

Fhm Financial Christopher New York
What the Infrastructure Deal Means for Energy

Morning Edition

01:33 min | 1 year ago

What the Infrastructure Deal Means for Energy

"I'm David Brancaccio. Good morning to you. There is now a bill crafted to spend nearly a trillion dollars on infrastructure in America. And while it could pass into law that is not a foregone conclusion. The bill, drafted by a bipartisan team working over the weekend was unveiled last night. It isn't quite 3000 pages long and amendments are expected. Senate Majority Leader Charles Schumer expects a vote within quote a matter of days. Beyond the roads and bridges. Let's look at cleaner energy products there in buses. Hydrogen power charging stations for electric cars. Marketplaces Amanda FEATURE has more on that. Before installing a new electric car charging station. Jonathan Levy says his company Vico needs to know there's plenty of demand. We don't want to overbuild the charging infrastructure and not have the vehicles to be using it. That's where those federal dollars would come in to pay for new charging stations in, say, rural communities. Paul Bledsoe with the Progressive Policy Institute says that new infrastructure would also get more EVs on the road. That's really the only thing holding back people from buying electric vehicles now is concerns over charging the bill. Also funds pilot projects like carbon capture, but it doesn't do as much for more mature, clean energy technology. Abigail Ross Hopper is with the Solar Energy Industries Association. We had our time in the sun as a niche kind of science experiment, but that's over and what Ross Hopper says the solar industry needs to do now is deploy. Deploy, deploy. What would help get more solar panels out there, she says, are permanent tax

David Brancaccio Jonathan Levy Charles Schumer Paul Bledsoe Progressive Policy Institute Vico Senate Amanda America Abigail Ross Hopper Solar Energy Industries Associ Ross Hopper
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:40 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"It's a big moment to launch new stocks into the ocean of capital markets. I'm david brancaccio new york. I after weeks of negotiation. The senate has voted to begin. Debate on a bipartisan infrastructure. Bill that would provide hundreds of billions of dollars to fix loads of things. Roads internet waterlines. Marketplace's novus ofo has followed the to-ing and fro-ing on this nova last month. The white house revealed of framework for this any surprises. Here well there are definitely some changes. The top line amount in new spending on infrastructure is a little less than what they didn't actually agree to five hundred fifty billion dollars. That's down from five hundred. Eighty billion senators whittled down funding in some categories like public transit but overall the investments are actually pretty close to what they'd agree to a month ago. I talked about the bill. That's emerged with a d. tomar. He focuses on infrastructure policy at the brookings institution. This is a generational investment. We're now on track to invest in the same range as we did during the height of the new deal so for many of us who are not alive during that period. This really is going to be over the next five. Plus years the biggest investment in our physical systems. We've ever seen in changes in how we pay for this right. that's right. They got rid of the idea of boosting the irs to go after tax dodgers that was jettisoned over republican objections now. Lawmakers are instead tapping into a lot more unused kobe relief money than they had. Originally indicated and de tomar brought up an important point. David that if and when a bill actually gets passed that would still just be the beginning of this process..

david brancaccio ing senate tomar white house new york dodgers de tomar irs David
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:11 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"I'm david brancaccio to start the week that followed on one that ended with the stock market hitting new highs. Let's consultant economist. Who looks beyond markets to the economy. At large julia. Coronado is founder of macropolicy perspectives. Good morning to you. Good morning guardians of interest rates are set to meet. They don't just do a meeting. They do it twice. Tuesday and wednesday each time. They're not going to raise interest rates but they are supposed to figure out if we've got inflation or what the delta variant might do to the future economy. Yes yes exactly. And i think that they will probably want this meeting to be as uneventful as possible. One thing that they're going to be doing is starting their planning of their exit from their bond purchase program. Chair powell probably confirm that. They're starting the planning process for the tapering. That will come probably later this year but probably won't want to emphasize that they're backing away from supporting the economy at a time when the delta variant is surging now the wall street crew talked so much about. What kind of inflation might we have with recovery. As spring turned into summer these days less worry about inflation at least if you look at the benchmark interest rate the tenure absolutely. I would say that the inflation debate has become much more of a political hot potato than something that the market is worried about. If you look at bond yields or inflation compensation or stocks whatever market measure. You want to look at. The really isn't a concern about persistently. High inflation built in all right. That's economist julia. Coronado at macropolicy perspectives. Thank you very much new homes. Come with lots of durable goods already attached to furnace maybe an ac compressor then if the spaces are empty..

david brancaccio Chair powell Coronado julia
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:50 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"Serviceable parts inside really. I'm david brancaccio. I there's news the number of people signing up for unemployment benefits went the wrong way in the last week up. fourteen percent. Four hundred nineteen thousand fresh applications. But how much does this closely watched figure..

david brancaccio
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:20 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"Listen wherever you get your podcast. California regulations pushed farms to lower their greenhouse gas emissions and a new technology to siphon off methane from dairies. There is getting attention well beyond california reporter. Amy mayor has that jerry. Fernandez says his three thousand dairy calves generate nearly forty five thousand tons of manure annually so when the state mandated that he reduced greenhouse gas emissions like the methane released from all that poop upset but the state also helped pay for on-farm changes since two thousand fifteen california's dairy digestive program has awarded nearly six hundred million dollars in grants and matching funds. That that brought in these companies that wanted to build these renewable feel things things like the black rubbery dome. He's walking on. It covers a pit of liquid manure and traps methane keeping the potent greenhouse gas out of the atmosphere putting a digest or this can cost about five million dollars but all fernandez had to pony up was some land and an agreement to supply a newer that he gets paid for so he didn't have to spend money but now i'd be willing to invest on my own because he's seen it work. His methane is piped along with that from other dairies to this kalgren renewable fuels plant. We gather manure roughly from about seventy five thousand cows. Right now calgary and sarah. Gonzales says that keeps one hundred fifty thousand tonnes of greenhouse gases out of the air the annual emissions of about thirty thousand cars more dairies are joining. Which will probably put us over. One hundred thousand cows and cleans the methane puts it into the natural gas supply and banks carbon credits buyers snatched those up to offset their carbon footprint chicago based energy company amp america's builds digesters for midwest aries. Ceo grant zimmerman says two years ago farmers. They're question this whole manure to methane pipeline. Not anymore it's been an amazing acceleration in the market. And in the sophistication of all of the players amp america's cells to california now zimmerman says he's ready to supply other states as they develop low-carbon fuel markets. I'm amy mayor for marketplace and the main labor unions representing workers in the film and tv production industry have agreed producers. Can relax some code protocols when filming but they can require everyone to be vaccinated the teamsters sag after the directors guild or among the unions that have signed off on a temporary plan that subject to change as covert conditions change. I'm david brancaccio. This is marketplace morning report from apm american public media. I am hollywood host of marketplace tech. A show that helps you understand the digital economy. How a more of the country get access to better internet. What new jobs will artificial intelligence creates or destroy and what tools will help us. Survive are already changing climate. We tell the stories behind the technology in our lives and every weekday. Our podcast brings you insight. You won't hear on the radio checkout marketplace tech. Wherever you get your podcasts..

Amy mayor california Fernandez amp america Ceo grant zimmerman jerry fernandez California Gonzales calgary sarah david brancaccio midwest zimmerman apm american public media chicago
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

04:03 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"I'm david brancaccio. Good morning to you. The market swooned on mondays being followed by a tamer tuesday so far after the dow fell seven hundred twenty five points two point one percent yesterday and the s&p fell one point six percent. Us stock indexes or at least not falling this morning so far with the dow up three hundred five points nine tenths percent. Smp up seven tenths. Percent the nasdaq up. Four tenths percent rally in london has fizzled with the footsie down. Two tenths percent. Now let's bring in..

david brancaccio Us london
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:50 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"Hey is jed kim. Host a million zillion million brazilian is a podcast for kids and families. That helps dollars make more sense in each episode. We tackle the tricky questions that your kids have about money. Like how is it made is our factory somewhere that makes it. Or what determines the price of visa and we're back with all new episodes. That's more answers to the questions. Your kids wanna know thoughtful ones. The silly ones and the really hard. To answer one's million. Zillion listen wherever you get your podcasts traders worried about that delta variant for marketplace in austin texas. I'm andy learning for david brancaccio. Stock futures were down all morning. International markets struggled mightily. Oil prices are way down as worrying about the spread of the corona virus. Delta very takes hold on markets here to help us understand. What's going on as julia coronado. She's founder of macro policy perspective. Julia the yield on the ten year treasury note is down to one point two two percent this morning but this bond slide is something we've been seeing for a minute yeah. The decline in bond yields has been underway for several weeks now sort of the growing concerns about the delta variant fading fiscal support greater risks around passage of the infrastructure packages. All of that together is adding some caution into the market and now equities are joining the party so to speak and we have opec plus saying look. We have a deal but we're also going to increase production. I imagined you know. I was looking at crude prices. And they're down significantly this morning as well. Yeah that's the silver lining right for consumers anyway. The the oil prices have dropped sharply on the opec news and that should pass through into gasoline prices. And a couple of weeks. You talked about Sort of the dependence of the united states on government spending And we're sort of wondering where these infrastructure where these two bills are going to go right. I imagine again that that has traders in a bit of a. It's a tough spot right now. Yeah the prior fiscal support. That was passed was very significant but it was also all temporary and now we had been talking about fairly sizable infrastructure packages. Now we're probably looking at numbers that are a lot smaller than had been previously discussed so less support for the us economy. Julia coronado is macro policy perspectives. Thank you so much for doing this. Julia my pleasure couple of developments in dc. To tell you about as congress works out the details of two separate infrastructure packages lawmakers are expected to take key votes before. The senate takes a break in august and as that deadline. Nears believe it or not. There's a snag over how to pay for some of the spending proposals marketplace's nova sophos has the details in the physical infrastructure. Bill senators have jettison to plan to boost funding for the irs because of a pushback from republicans. Who don't want to expand the agency. The plan was part of the initial bipartisan framework agreement. The idea was to give the irs more resources to police tax dodging and in return get one hundred billion dollars in new tax revenue to pay for infrastructure now. Senators are looking for alternative sources of revenue with the clock. Ticking toward wednesday. That's when the senate is expected to hold a procedural vote to advance the bipartisan bill. Meanwhile in the so-called human infrastructure plan. That's the three and a half trillion dollar one which democrats expect to pass without republican support. There's an effort to add in voting reforms. They will be in the form of financial incentives for states to implement certain changes that could expand voter access that would allow democrats to pass some of the election reforms..

jed kim david brancaccio julia coronado opec Julia Julia coronado andy austin treasury texas us irs senate dc congress Bill
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:19 min | 1 year ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"Good president biden's pen be an antitrust device. I'm david brancaccio this report. The white house could be readying a big push for more competition across the us economy and limits on companies. That wield a lot of power. If this happens the initiative would come in the form of executive orders still in draft form. According to the news agency reuters these might direct federal agencies to look more closely at places where big business has gotten so big that smaller players and consumers get hurt marketplace's nova sophos joins us live with more in david. Depending on who you listen to. This executive order could come this week or next week or it may never happen. It's reportedly still being drafted and has not yet been presented to president biden. But we do have some details. Emerging about what administration officials want to do and that is to go after business concentration. There's been a lot of focus. In washington as we know both from democrats and republicans on the technology sector with big tech companies and how they dominate but the executive order. The white house is working on is apparently broader it would direct federal agencies to look at how the decisions they make in the rules. They set impact competition throughout the economy. So this broadens their mandate it goes beyond just enforcing antitrust laws to prevent monopolies. So how might executive orders like this play out. Well we have some precedent to look back to for clues to answer that question. You may remember. President obama issued a similar executive order back in two thousand sixteen. Some federal agencies responded with things like set top boxes for cable. Tv service getting more competition there airline baggage fees more disclosures There was an effort to help poultry farmers who were complaining about unfair practices by meatpackers. But these initiatives fizzled or were reverse during the trump administration so now biden may take another wack at it and this time. We're hearing the latest order. Being drafted would go a step beyond what obama did giving more specific instructions to federal agencies. And what they should do all right. That's nova oh thank you so much. There is news this morning. That a private sector. Foreshadowing of the government's hiring report due on friday came in at a stronger than expected. Six hundred ninety. Two thousand new people added to payrolls in the month. That is just concluding that's from the payroll.

president biden david brancaccio white house reuters david washington us President obama biden obama government
Trump Launches New 'Communications' Platform

Marketplace Morning Report with David Brancaccio

01:07 min | 1 year ago

Trump Launches New 'Communications' Platform

"In just over. Two facebook's oversight board will render its decision on whether donald trump gets to go back on his facebook and instagram accounts. Those were shut down. After the january six insurrection. At the capital in the meantime as marketplace's nova safa reports trump has launched a new blog as a workaround donald trump's new blog on his website has tweet like missives from the former president which others can share on twitter and facebook. The blog went live yesterday. Well trump aids have teased at the impending launch of a new social media platform. They were quick to clarify that. The new blog is not that platform there have been multiple reports saying trump is interested in starting his own media company that after the facebook and twitter bands went into effect following the capital insurrection. Both companies cited risks of trump inciting further violence since then trump has gotten around the band's by doing interviews on friendly news outlets and by e mailing statements to reporters meanwhile the social media companies decisions. Twitter's is a permanent ban have drawn criticism from republican lawmakers and energized efforts to reform social media

Facebook Donald Trump Instagram Twitter Aids
The Ghosts of Northern Ireland’s Troubles Are Back

Marketplace Morning Report with David Brancaccio

01:28 min | 1 year ago

The Ghosts of Northern Ireland’s Troubles Are Back

"To northern ireland now where violent protests have grit the region for almost two weeks. That's the sound of rioting which has involved children as young as twelve throwing bricks fireworks and petrol bombs at lines of police officers and vehicles in the last week. Ninety officers have been injured. This unrest relates back to brexit and today a court in belfast will decide whether to hear a legal challenge to the northern ireland protocol. That was part of the. Uk's brexit deal that imposed trade barriers between the region and the rest of britain to allow trade to continue seamlessly on the island of ireland. The bbc's john campbell has more on that story from belfast. Basically you have unionists. One of the men political groupings in northern ireland at the core of their politics is the desire to remain part of the united kingdom and to resist any attempt to reunite with the other part of ireland the republic of ireland. They want a judge to rule. Brexit deal for northern ireland would be unconstitutional. And they hope that would force the uk government to go and renegotiated. And what they are. Trying to argue is that the brexit dale breaches the good friday agreement. Peace accord because it changes northern ireland's constitutional position without the consent of a vote on the also says it breaches a much older law known as the act of union which says there shouldn't be any customs borders within the uk

Ireland Belfast UK John Campbell Britain BBC Brexit Dale Republic Of Ireland
Microsoft buying speech recognition firm Nuance in $16B deal

Marketplace Morning Report with David Brancaccio

00:25 sec | 1 year ago

Microsoft buying speech recognition firm Nuance in $16B deal

"On accelerated growth. Bush apparently is buying the speech. Recognition company called nuance in a deal worth sixteen billion dollars. The news is that microsoft. Pay fifty six dollars per share microsoft's acquisition of nuance comes after the companies formed a partnership back in two thousand nineteen the transaction closed this year. I tried reading that into siri for voice recognition got it perfectly even nuance messing. Only the capital letter.

Microsoft Bush
Deliveroo Shares Plunge 30% in London Debut

Marketplace Morning Report with David Brancaccio

00:28 sec | 1 year ago

Deliveroo Shares Plunge 30% in London Debut

"Of the london-based food delivery giant have plunged as much as thirty percent. In the city's biggest stock market debut and more than a decade amazon delivery began trading at the low end of its expected range at just over five dollars and thirty cents a share but in the first half hour of trade shares were temporarily halted to calm volatility. The company's chief executive said the goal of the listing is to build a definitive online food company but investors have concerns about the way it operates.

London Amazon
Cargo ship still stuck and Suez Canal could be blocked for "weeks"

Marketplace Morning Report with David Brancaccio

00:21 sec | 1 year ago

Cargo ship still stuck and Suez Canal could be blocked for "weeks"

"In egypt's suez canal. Tugboats are continuing efforts today to dislodge a more than thirteen hundred foot cargo ship that still blocking the waterway. Crucial to global trade ships. Travelling the canal are backed up in both directions salvage experts hope morning tide could help lift the ship so they can tow it to deeper water but they warned. The operation could take several

Suez Canal Egypt
Robinhood files confidential paperwork to go public

Marketplace Morning Report with David Brancaccio

00:27 sec | 1 year ago

Robinhood files confidential paperwork to go public

"Accompany popular with entry level. Investors has filed the confidential paperwork with regulators to eventually sell its own stock to the public. No word yet on one robin hood. Ipo would happen. When individual investors guided by threads on the online message board read. It started a frenzied buying game. Stop shares this year. Many bought their game. Stop using the robin hood app for free. But if it's free robinhood make it's money and what a risk for those who might consider buying eventual robinhood stocks

Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong

Marketplace Morning Report with David Brancaccio

01:44 min | 1 year ago

Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong

"Of chinese internet giant by do edged up eight tenths of a percent in its secondary listing today on the hong kong stock exchange. The gains paled in comparison to one's by other chinese tech giants including quite show which surged more than one hundred ninety percent last month. Such listings have been dubbed homecomings for chinese companies that also trade on us stock exchanges. David quoque cofounder of the smart investor explains why investors gave by do such a muted perception in hong kong. Why is by to even going to hong kong in the first place. It's already got twenty four billion in the bank. So why is it going to hong kong just to raise three billion. us dollars. And that i think is the question that investors asking. It's not the only technology stocks that has seen sort of a lackluster performance. I think jd dot com saw a bigger rise than by did today but still not anywhere near what were used to sing in public offerings. Do you think this is a problem of an oversaturated market of these so-called homecomings for chinese companies. I think it's also partly because investors have got their eyes on possible interest rate rises and consequently they are saying that technology companies are not really sort of the place to be right now ultimately when you have a look at some of these technology companies particularly the ones that already have a primary listing in america. They are coming home to hong kong and part of that. Reason is because they are very concerned about the frosty relationship between america and china and if that frosty relationship turns into a big freeze then of course they want to have some way in which they can. Select listing where they can attract chinese investors. David co founder of the smart investor in singapore. Thanks for breaking this down

Hong Kong David Quoque America David Co China Singapore
Europe resumes AstraZeneca vaccinations amid skepticism

Marketplace Morning Report with David Brancaccio

01:16 min | 1 year ago

Europe resumes AstraZeneca vaccinations amid skepticism

"Italy and france will resume their rollout today of astra zeneca. Oxford universities corona virus vaccine with portugal and the netherlands to follow next week. It comes after a brief suspension prompted by fears of an increased risk of blood clots. The european medicines agency concluded late. Yesterday the vaccine is safe to use. And it's effective to bolster bruised confidence in the vaccine francis. Prime minister said he'll receive one of the astrazeneca shots right away. He also announced a month-long lockdown in parts of the country to combat rising infection rates. The bbc's hugh scofield has more from paris prime minister jean castex parts of france were now in what looked like a third wave of the virus in the whole of the country. There are thirty five thousand cases a day being reported and three quarters of these are of the new british variant in the paris region. The situation is particularly worrying with twelve hundred. Covert patients in intensive care more than at the peak of the second wave in november under the new lockdown schools and universities will remain open. And there'll be no limit to the time people can spend taking out doors. Non essential shops will be shot and travel from paris to other regions is banned. The nationwide curfew remains in place but will start from seven instead of six. Pm when summertime comes in.

Astrazeneca Hugh Scofield Jean Castex European Medicines Agency France Portugal Oxford The Netherlands Paris Italy Francis BBC
Trump's new PAC raises over $30 million

Marketplace Morning Report with David Brancaccio

02:16 min | 1 year ago

Trump's new PAC raises over $30 million

"At the conservative. Political action conference in orlando over the weekend. Former president trump was clear. He will not start a new political party to make an end run around the grand old party. He drops strong hints. Though that he might like to run for president again there was interest. Also in rhonda. Santa's the governor of florida and the governor of south dakota kristi noem and trump is still very good at raising money. Marketplace's kimberly adams has that former. President trump never stopped raising money. I he pulled in cash from donors to fight his election loss and since then trump launched a leadership pac that raised over thirty million dollars in just a matter of months. Carl evers hellstrom monitors money in politics for open secrets dot org and he says politicians and groups who align themselves with trump are benefiting as well. The republican party is increasingly. Reliant on trump. actually raise money. so we've seen some. Corporate interests are not as interested in donating to them after the capital riot. Trump's supporters on the other hand still seem game to donate to the president and his allies. There were even rumors after the election. He might start a third political party and what he's done is actually a lot more interesting. Jennifer here. wig political sociologist at suny stony brook. He said okay. I have this kind of asset which is my a fundraising prowess and my donor or less than the ability to connect with people who maybe ordinarily wouldn't donate and so i'm going to use that and turn it into a formal organisation that the gop has to pay attention to and the republican party. Is we know that. President trump is still someone who was wildly popular and someone who was and is an effective fundraiser. Paris denard is a spokesperson for the republican national committee. We are optimistic. That he will continue to be the type of former president that engages in wants to help the rmc. A fundraise denied says trump has agreed to attend an r. n. c. donors event this spring in florida where republican leaders will be encouraging donors and the former president to support their efforts heading into the midterm elections in washington. I'm kimberly adams for marketplace

President Trump Donald Trump Kristi Noem Kimberly Adams Carl Evers Hellstrom Republican Party Rhonda Suny Stony Brook Orlando South Dakota Santa Florida Paris Denard Jennifer Republican National Committee Washington
Colombia Grants Legal Status to 1.7 Million Venezuelan Migrants

Marketplace Morning Report with David Brancaccio

02:00 min | 1 year ago

Colombia Grants Legal Status to 1.7 Million Venezuelan Migrants

"Has granted legal status to almost one million undocumented. Venezuelan migrants a move. The head of the united nations refugee agency has described as historic at a joint news conference with the colombian president. The u n high commissioner for refugees. Filipo 'grande said the move was the most important humanitarian gesture in the region in nearly four decades protection. Temporal the temporary protected status will make a crucial difference in their undocumented lives it will also allow them to fully participate in colombian society. This decision now. Means those who fled an economic crisis in venezuela will be able to work and seek permanent residency rennie venezuelan migrant working as delivery driver in columbia is thankful for the change donald. What a lack of documents being here illegally. We're not taken into account when it comes to work things like that and coming here at least for me. I've come for work. And if i'm given opportunity it would be a great home. Columbia's president evonne duquet has also appealed for better international support with the situation and reversed a policy barring undocumented venezuelans from participating in his country's upcoming cove nineteen vaccination. Drive the bbc's will leonardo has more estimated to be one point seven million venezuelans in columbia free moments. Two million do not have legal status the economic and social collapse in venezuela pushing the migrants to cross the border show few signs of improvement speaking alongside the un's refugee chief. President yvonne duke. The new temporary status lasting ten years allow the government to identify those living in columbia. Now able to work and eventually seek permanent residency. The huge influx of migrants is strained public services. President duquet sparked controversy in december by government wouldn't include undocumented venezuelans in his corona virus vaccination program that led his venezuelan counterpart nicolas madura to describe him as a nazi. That's the bbc's will leonardo reporting there

Filipo Evonne Duquet Venezuela Columbia Grande United Nations Rennie Donald Trump Yvonne Duke Leonardo BBC President Duquet UN Nicolas Madura
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:00 min | 2 years ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"Hey sister she in. Have you decided whether to put your child in the piano. Lessons shoot shot. Josh Treat Viewers Family Sam says and get them good deals like when eva helps a Tau shot promote at twelve dollar Japanese mouthwash. Sam says he'll ask the owner for a discount. He leaves for a few minutes and returns disappointed. There's all the owner said. She'll offer our viewers three eighty dollars off on the first five bottles. Ill I've bottles. What can we do with that? She wants an inch in grabbing sale to push push people to buy so she can earn commissions. But it's hard for her. And Sam to negotiate big discounts. They only have sixteen hundred channels subscribers. Most come from small cities and are looking for entertainment. At one point Sam removes his talking points a barefoot the camera on a cliff. I used devil lot of dead skin falling off my foot after shower but look how smooth it is now. His cure an eight dollar Japanese horse oil guaranteed real system. Take any product that is not genuine. We will be responsible salmon. Eva Act as a safety net because a lot of Chinese consumers worry sorry about buying on towel too many counterfeits so much so tau is on the. US Trade Representative blacklist at the end of our broadcast broadcast. They sold only twenty items but SAM says once they get more viewers they can make at least four thousand dollars a month more than what they earned doing ad sales and teaching in Hangzhou China. I'm Jennifer pack for marketplace while we're talking streaming comcast is meeting with investors today to talk about. It's late to the game. Hulu style the thing it'll call peacock cheers parks and REC will no more after briefing in New York. I'm David Brancaccio with the marketplace morning report from A._P._M.. American public media..

Sam Eva Act David Brancaccio US Hulu New York Josh Hangzhou China Representative
"david brancaccio" Discussed on KQED Radio

KQED Radio

03:22 min | 2 years ago

"david brancaccio" Discussed on KQED Radio

"Com I'm David Brancaccio in New York jury selection is set to begin today in New York for the trial of movie mogul Harvey Weinstein he was also charged yesterday in Los Angeles with rape and other sexual assault he's maintained his activities were consensual it's been a little more than two years since the Weinstein case was one catalyst for the me too movement this is for more than a dozen states to adopt new laws on harassment and abuse from the marketplace workplace culture desk Meghan McCarty Carino has more ten states have expanded requirements for harassment training and prevention and four have extended the amount of time employees have to file harassment claims making for a busy two years for employment law attorney Nisha Vermont with Dorsey and Whitney it's a lot for employers to grapple with compliance can be tricky particularly for multi state employers that are dealing with different kinds of laws in different states Andrea Johnson with the national women's law center says the most common change adopted in thirteen states has been to limit the use of non disclosure agreements these legal tools are being used by many employers to silence victims we recognize very quickly how many holes there are in our legal protections that are really making it easier for harassers to continue harassing some of the new state laws face legal challenges but the majority of states have not adopted any new protection since the me too movement began hi Megan McCarty Carino for market place ahead of this year's presidential election Facebook is facing pressure to do more to combat fake content on its platform now it's promised to take down video is identified as so called deep fakes market place's Nova suffer joins me now live with more on this new policy number I want to better understand what is a deep fake video what exactly is Facebook banning yeah so these are videos that use artificial intelligence and machine learning tools to basically alter reality making people appear to say things they never actually set so Barack Obama using next an obscenity for example or Richard Nixon doing a comedy routine Facebook says the test is if the average viewer can't take a video can't tell a video is fake it'll take account so another type of deep faith by the way is and this is a call from Facebook material that merges with places or superimposes content onto a video making it appear to be authentic so they'll take that stuff down to now despite pressure Facebook has been hesitance when it comes to regulating its content change of direction here well it's a step in a different in a direction that they've been pressured to take because they're defining deep fake videos quite narrowly here so videos that use simpler manipulation techniques aren't affected by this band for example there was a Nancy Pelosi video that went viral where her words were slow down a little bit meter sound like she was drunk at least that's what people are claiming well that was a simple manipulation and Facebook says that can be fact check and fact checked and pulls he was actually saying what you said so those kinds videos are going to be bound all right market place's Nova soft thank you very much and since two thousand seven tumblr has let people post generally short articles microblogging using text and multimedia in this presidential election year tumblers now come up with an internet literacy campaign six videos that help people learn to spot.

David Brancaccio New York
"david brancaccio" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:35 min | 2 years ago

"david brancaccio" Discussed on WNYC 93.9 FM

"B. you are in for David Brancaccio the price of oil has increased sharply following what was essentially the assassination of running a general Qasim's Alemany both Brent crude and West Texas intermediate up around four percent it's a reaction to concerns that oil supplies from Middle East could be severely disrupted the conflict were to escalate the BBC's Andrew Walker has more several of the world's biggest oil producer in the area that could be affected if there were a white and military confrontation involving Iran as much as a fifth of global supplies passed through the strait of Hormuz a narrow passage which provides access to the Gulf Iran is on its northern shore and it has poor relations with the region's biggest all produce a Saudi Arabia disruption to the straight would affect global supplies and the mere possibility that it might happen was enough to send prices rising the BBC's Andrew Walker let's do the numbers the forty in London is down more than half a percent the German dax is down even more and more than one and a half percent Dow S. and P. and nasdaq futures are also down the one point three to one point five range the Federal Reserve Bank of Philadelphia predicts that the economy's in nine U. S. states will shrink in the first half of the year Barclays Merial cigarette has been following this and joins me live Merial which nine states so we weren't about a bunch of states on the east coast actually so Connecticut New Jersey Delaware Pennsylvania for Mons and then also West Virginia Kentucky Oklahoma and Montana okay so how did researchers come to this conclusion they look at a lot of data on the housing market on unemployment on interest rates and manufacturing and they try to make predictions and as you said the report came out of the Philadelphia fed which is an arm of the Federal Reserve System when we talk about the fed we often talk about chair J. Powell or the board of governors in DC but remember the fed is made up of twelve regional banks that among other things collect data and make these kinds of projections in this number nine states that sounds like a lot yeah it is at the fed does this particular projection monthly and this is the most states it has put in the shrinking economy column since the financial crisis market listeners here thanks thank you labor unions have faced tough times during the trump administration heading into twenty twenty the labor department is expected to continue rolling back Obama era rules and policies that made union organizing a little bit easier marketplace's Mitchell Hartman has more labor unions finished twenty nineteen with some momentum the U. A. W. held tough in a strike against GM and the AFL CIO one better labor protections in the new trade agreement with Canada and Mexico but going forward the labor department's making it harder for unions to organize collect dues and fight anti union campaigns been zipper at the economic policy institute says there could be no limits on who can even be in the union the trump administration has proposed that graduate student workers shouldn't be counted as employees with protected bargaining rights the pendulum is swinging back toward employers says Shannon farmer at law firm Ballard Spahr gonna make it harder for union hill that very critical action be catching Clary unprepared which a lot of employers out happened under the existing law last year union membership fell to ten and a half percent of the US work force half what it was in the early nineteen eighties I'm Mitchell Hartman for market place.

David Brancaccio
"david brancaccio" Discussed on KCRW

KCRW

02:54 min | 2 years ago

"david brancaccio" Discussed on KCRW

"For David Brancaccio as of today about one point three million low paid managers and supervisors are now eligible for overtime pay that's because the labor department has raised the so called overtime salary threshold management employees were paid a salary and make less than thirty five thousand five hundred and sixty eight dollars a year will be entitled to time and a half when they work more than forty hours a week arguably the Mitchell Hartman reports that in some states managers making a lot more than that are gonna be entitled to overtime to the trump administration adopted a lower salary threshold for overtime then the Obama administration had proposed but states can set their own higher salary threshold Paul soon at the national employment law project this is a new rule in Washington state is among the most expansive it'll phase in over several years and protect workers all the way you're earning up to about eighty thousand dollars a year by twenty twenty eight so really covering you know huge swaths of middle class workers ana Gonzalez works for a Washington accounting firm she says as tax time approaches we are working sixty hours a week like mandatory as a salaried professional she doesn't get any extra pay for that I don't want that practice to be over and done with because it's not there Gonzalez says under Washington's new salary threshold she could be eligible for overtime in a few years some states with threshold higher than the federal level include California New York and Maine I'm Mitchell Hartman for market place so here is where we do the numbers but markets are closed on this new year's holiday we can tell you that Wall Street into twenty nineteen on a very high note the S. and P. five hundred in the nasdaq had their biggest annual percentage gains since twenty thirteen the S. and P. benchmarks on almost a hundred ninety percent gain the Dow had its biggest year to year gain since twenty seventeen and on that note impact investing has gained momentum among younger investors is only as climate change warnings become even more dire in twenty nineteen some climate change exchange traded funds or ETFs outperform expectations and some analysts expect the climate change the name to become a much bigger part of the stock market in the new year not only that the federal reserve is expected become much more involved in assessing climate impacts to the fed has reportedly discuss getting involved in a global network which include central banks and regulators to discuss climate related issues and impacts on finance and the economy marketplace morning report is supported my masseuse online test prep for the G. R. E. G. Matt ACT and SAT that's designed to improve scores students can get video lessons practice questions and experts support online at the gush dot com the starting today all.

California ana Gonzalez twenty twenty Washington G. R. E. G. Matt ACT fed David Brancaccio Maine New York Paul Obama administration Mitchell Hartman labor department
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

07:04 min | 3 years ago

"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

"Markets are quite steady in the face of the political turmoil. I'm David Brancaccio New York while the stock market hit some new highs earlier this week there was not much movement yesterday or this morning. So far this drama playing out in Washington yet the market signals may why the disconnect one one theory is that what seems an inevitable outcome in the Senate has already been priced in by the market. There's also historical data showing that in past impeachment and the Nixon near impeachment impeachment markets. took their cues from the state of the economy. Not so much politics. That's a theory that Karen Petru believes. She's managing partner at federal financial analytics based in Washington. Interest rates are low and have been since the great recession meaning stocks. Keep looking pretty good too. Many virtually no choice. Obviously so you can go into bombs. But as the high risk markets the leverage lending market. Show you're taking a lot of risk for very little spread based based on that risk compared even to a low return treasury so people are in equities because fundamentally market dynamics are that investors need to make money some some of them day traders retail investors want to make money some of them have to make money because pension funds insurance companies the huge institutional Houston investors. That really drive. The market will not meet their obligations so here we are looking at Capitol Hill for guidance but maybe we should look at Twentieth Street northwest and Constitution Avenue. where the Fed is located in Washington? Absolutely I would look at that. Towering Granite Edifice Try to cure into the interstices of the boardroom. Because that's driving the market defense. Frankly doesn't want to. It's not comfortable but it is pointing the markets and it's supporting the markets. We saw that just last December. The Fed thought about raising rates spooked the market the feds at oops never mind. That's the classic Greenspan equity put and it's still in place ever more. So because of ultra low interest rates driving the markets. It gets bad knows it Karen. Petro is at federal financial analytics in Washington. Karen always good to talk to you. Thank you David. A real pleasure. There is is another vote in the House of Representatives today on the Nafta the US Mexico. Canada agreement unlike the drama last night. This is expected to pass with bipartisan support. Here's here's marketplace's Andy Euler. The International Trade Commission projected marginal economic benefits from the deal so the biggest impact. If and when it's finally passed in the law might be an into into uncertainty the American business community and agricultural community are going to breathe a sigh of relief. Here Jon Murphy is Vice President of International Policy The US Chamber of Commerce Mars. They'll be a sense of certainty. Restored the headline grabber is the USMC's requirement that more of an automobile parts have to be made in North America to be exempt from tariffs ariffs. Seventy five percent up from about sixty two and Christine mcdaniel at George Mason University points out. We signed Nafta in the mid nineteen nineties so the new agreement provides some some necessary. Updating around online commerce the digital trae chapter is a huge bright spot. She says the. US treats digital trade the same way we do trading of tangible double goods and services this digital trae chapter is a great platform to use future deals. They'll mcdaniels. It'll be tougher to get a country like China to sign into something like this this because its economy still isn't as open as our neighbors. I Made Healer for Marketplace Uber has settled with the government for permitting a quote culture sure of sexual harassment and retaliation to use the words of the Equal Employment Opportunities Commission. Uber will set up a four point. Four Million Dollar Compensation Fund for current current and former employees. There will also be three years of outside monitoring of the company's behavior the marketplace helps. You answer questions you've always wondered about and now that includes finding out more about how and why we do what we do every day come a marketplace investors vested today and you'll get exclusive access to a series of Virtual Ama's featuring molly would need a brancaccio. Don't miss out on our twenty twenty. Ask Me Anything. Series contribute sixty dollars or sign up to donate five dollars a month at the marketplace dot com. Thank you this week. Package Delivery Company Fedex was blunt about its quarterly results. The chief financial officer. They're called all the drop in profits quote horrific the trade war hurt but so did the cost of its weekend delivery services and it's battling innovations one small but interesting one on this holiday season electric scooters towing six foot trailers full of packages. Here's reporter sue carpenter. The delivery services industry is starting to think small small as in getting away from big delivery trucks and finding more compact nimble vehicles. Like this scooter. To get around. Peterlee is the pope founder of Irby. It makes battery powered scooters that. Fold up when they're not being used and now it's got a tow hitch for a trailer that can haul three hundred fifty pounds and then collapsed to the the size of a carry on bag. Some of them will be deployed directly from the warehouse. Some of them were deployed from the truck. Amazon is using this Irby's system in New York City and so as ups in Los Angeles. That couldn't be a more welcome development. SALITA Reynolds is general manager of the L. A. Department of Transportation. She says downtown. La Streets don't have a lot of space space so in delivery trucks double park. They blocked cars and bicycle lanes creating traffic and safety issues in La Scooters are supposed to ride on the bike lane where available. Aw why Matata is deputy director of UCLA's Institute of Transportation Studies smaller. Those vehicles are if they're able to use bike lanes park mark in an a sidewalk or in a corner of an alley that allows a lot more flexibility than a big truck on the curb the move to electric scooters comes as the US parcel delivery service industry is growing in two thousand nineteen ibis world says increased five percent to one hundred nine billion dollars colors and many of those services are looking for different ways to get around but will that just mean more congestion on sidewalks and bike lanes ally Akira. Kaufman is Executive Active Director of the nonprofit. La County Bicycle Coalition. But they're just used to be a higher level respect from all deliveries. So whether it's on a scooter on a bike or van car you're that lane needs to be respected as a free flowing space and those free flowing spaces keep expanding Amazon has talked about using drones for deliveries. He's and ups already uses mobiles for a strong carriages even Gondolas in certain markets in Los Angeles. I'm sue carpenter for marketplace. I'm David Brancaccio. You're listening to the marketplace morning report from A._P._M.. American public media..

David Brancaccio Washington US Karen Petru Fed Amazon financial analytics Los Angeles Irby Senate Nixon International Trade Commission Package Delivery Company Fedex La County Bicycle Coalition New York USMC La Scooters managing partner