35 Burst results for "David Brancaccio"

Home Prices Are Rising Everywhere in the U.S.

Marketplace Morning Report with David Brancaccio

01:52 min | Last week

Home Prices Are Rising Everywhere in the U.S.

"If you were hoping this might be a good time to buy a home. I am so sorry to report. Twenty twenty strikes again are up way up. If you were hoping to sell a home. I have good news home. Prices are up way up. The national association of realtors has the latest numbers. It says home prices grew by double digit percentages in all parts of the country in less quarter rising much faster than incomes. Marketplace's nova sappho joins me now with more high nova good morning. So this pandemic has meant people are looking for more space. Eyeing the suburbs interest rates are low. I guess a lot of people want to buy homes now. just how hot has the market gotten. Well you know. We've been seeing monthly figures trickling in showing home sales rising and rising september. Now new home sales dipped last month a little bit. But it's still a red hot market and what. The national association of realtors is now reporting. Is something we haven't seen in decades. Abry your over your home. Prices for existing homes rose in the quarter ending in october. In every one of the one hundred eighty-one metro areas that the realtor's group tracks now. If you look at it regionally. The highest increase was in the west up nearly fourteen percent year over year. The slowest growth was in the mid west. But it still was up eleven percent. Why are they rising so fast. We know mortgage rates are very low. That's poured rocket fuel on that demand for space. Also inventory is quite low to supply of homes for sale is down nearly twenty percent year over your soul. Low supply high demand. That's the classic formula of course for higher prices and We also know is that prices are rising four times faster than household incomes and that's really increasing the affordability problem free marketplace's nova sappho. Thank you so much. You welcome

National Association Of Realto
Election Day Game Plan on Social Media

Morning Edition

01:38 min | 3 weeks ago

Election Day Game Plan on Social Media

"I'm David Brancaccio. Social media companies, including Twitter have just announced steps to make it clear when a candidate has won the election or has not marketplaces. Nancy Marshall Ginza joins US Live, Nancy. Star with Twitter's approach. Well, Twitter says it will label tweets that falsely claimed victory for any candidate. It'll also remove tweets that encourage violence or calling people to interfere with election results. Twitter now requires anyone declaring victory to have proof they khun site announcements from election officials or use projections from national news outlets that have what Twitter calls dedicated independent news desks. Twitter list. The Associated Press among those And the AP is a key source will be turning to here. So how does The Associated Press decide when someone's one The says it'll look at the number of votes counted also data on political trends. It's created a new system that analyzes early voting in mail in ballots. But the AP also says it may just declare some races too close to call and David Facebook says if a candidate or party declares victory prematurely, it will add more information to the labels on their post. It says votes that say votes are still being counted and a winner has not been projected yet. Then the AP, Facebook and Twitter and others are spelling out the rules because Their concerns about candidates who are headed the end of today, declaring victory before all the ballots are counted. Of course, it could take days for some states to finish counting all of the mail in ballots they received. Nancy. Thank you.

Twitter David Brancaccio Nancy Marshall The Associated Press AP Nancy David Facebook Facebook
Europe stocks fall as continent faces rise in virus cases

Marketplace Morning Report with David Brancaccio

00:36 sec | Last month

Europe stocks fall as continent faces rise in virus cases

"Germany's DAX is down three percent as the country's daily new infections reach a record. The CAC. Forty in Paris is off two point three percent the morning after President Emmanuel macron imposed a new curfew in the country's capital here in London the footsie is sliding two percent just this hour further restrictions on social gatherings were imposed in the city investors are piling into. SAFE HAVENS S stocks fall European government bond prices are rallying. Meanwhile those travel restrictions are causing more turbulence for the airline Industry Europe's biggest air carrier Ryanair announced this morning it's further slash capacity for the winter from sixty percent down to just forty percent

Emmanuel Macron Ryanair Germany Paris Industry Europe President Trump London
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:46 min | Last month

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

"This marketplace podcast is supported by hero health managing someone else's medication regimen can be a hard task but with hero everything is taken care of hero is your medicine cabinet reinvented the hero pill dispenser sorts, all daily medications and delivers them all with the push of a button. If a medication isn't taken the hero apple, send a notification to you or caregiver. So a dose is never missed. Euro membership includes the APP Pill Dispenser and Twenty Four, seven support. Go to hero health dot com slash marketplace, and you'll get fifty percent off initiation fee and a thirty day risk-free trial with a money back guarantee that's hero health dot com slash marketplace. The biggest of banks J. P. Morgan Chase has just announced. It will allocate thirty billion dollars over the next five years to help address economic disparities due to racism and systemic inequality. While there is some philanthropy as part of this most is lending with an expected return for the bank marketplace's Nova Sappho joins US live. How will these tens of billions breakdown? Right. It'll be in the form of better access to capital and financing and just banking in general David for black and Latino customers things like home loans capital for affordable housing project, small business loans, and yes chase says it's incorporating changing to the way it does business. This is not just charity they do expect to make money from this. The biggest chunk of their commitment is fourteen billion dollars in loans and investments to expand affordable rental housing in underserved communities and another eight billion dollars to help black and Latino people gain access to mortgages to purchase homes. This very long history of banks discriminating in their lending I, remember the Federal Reserve Studies showing controlling for risk banks gave harder time to minorities applying for business. How far might this go to address long? wrongs. That's right. David, just three years ago J. P. Morgan Chase paid fifty five million dollars to settle allegations that independent brokers eight used had charged black and Latino people higher mortgage rates in the mid to late two thousands and let's keep in mind of course that the bank has three point, two, trillion dollars in assets. So is thirty billion enough. The bank did circulate statements of support from various philanthropic leaders. Once stood out to me this from Michael McAfee is the head of policy link. A think tank focused on racial and economic equity he says, chases beginning the journey as he put it to address inequality. Alright. Nova. Thank you. And dollar generals can open up a new chain for more affluent customers dollar genital. Now, they're going to call the brand pop shelf still pretty cheap with lots in the five dollar range often stuff. You don't wake up in the morning thinking you want there it is treat yourself. I'm David Brancaccio marketplace morning report. From Apm American. Public Media. Just. In Ho, with marketplace, the economy is changing so fast it's hard to keep up. So our latest podcast is here to help it's called the marketplace minute. Give us just sixty seconds. We'll bring you the latest on what's happening in the economy three times a day market updates business news in hell the numbers affect your personal economy. We'll tell you what you need to know why it matters. Just ask your smart speaker to play the marketplace minute or find it wherever you get your podcasts..

J. P. Morgan Chase David Brancaccio Michael McAfee Public Media US apple Federal Reserve Studies
World Trade Organization to be led by a woman for first time

Marketplace Morning Report with David Brancaccio

00:58 sec | Last month

World Trade Organization to be led by a woman for first time

"A woman will lead the World Trade Organization for the first time in its history. The agency is in the process of recruiting a new director general and goes you CONJU whaler of Nigeria and Young Hee of South Korea. Have, made it to the final round. The BBC's Andrew Walker has been following developments. The WTO member countries are trying to choose a new director general by consensus if they're able to coalesce around one of the two remaining candidates, it will be the first time that the top job in the agency has been held by a woman whoever ultimately takes the post and a decision is expected by. Month they will face major challenges to the biggest commercial powers the United States and China are embroiled in a bitter trade conflict. The you ask especially under president trump's administration has a range of complaints about how the organization works and has made it much more difficult for the WTO to perform one of his key functions, settling disputes between members in London, on the BBC's Andrew Walker, for marketplace.

World Trade Organization Andrew Walker Director General BBC Young Hee South Korea Nigeria United States Donald Trump President Trump London China
Covid: Nearly 500,000 redundancies planned since crisis began - BBC News

Marketplace Morning Report with David Brancaccio

02:17 min | Last month

Covid: Nearly 500,000 redundancies planned since crisis began - BBC News

"The cost of covid nineteen to business appears be racking up day by day with data revealed exclusively to the BBC showing the pandemic has led to half a million planned redundancies in the UK since March more broadly in Europe countries in the euro-zone reported last month a total of five point one million. Lost in twenty twenty so far it's the steepest fall in employment since records began in Nineteen ninety-five Simon French is chief economist at Pamela. Gordon will the current UK unemployment rate is four point one percent, and that has stayed remarkably low in the first few months of the pandemic partly because of the Sports Games, that job retention scheme in particular which its height supported the jobs of more than eight million workers. But a spike up to double digit unemployment right is nothing conceivable I don't think it actually will go that high. I think it's more likely to be high single digits but that's still as spike of numbers terms probably a million, two, million half additional people who are either unemployed or underemployed, and now will be a real headwind to growth not just in twenty twenty one. But I think for a couple of years thereafter and the quandary. The finance minister is in hair in the K. as how he's going to pay for various keen to try and stimulate employment hasn't said he'd Montebello the Ozzie. Nelson facing a fiscal deficit of about fifteen percent of GDP this year and she snack funds ministry nut tree fiscally conservative is stated in the last few days that he would like to balance the books over the medium-term. There are constraints in how he can go about doing this without breaking promises that he and his taunt made the UK electric back in December twenty nineteen namely not to raise the major tax in the. The other parts, the ledger, of course, spending cuts. UK has seen quite significant public sector spending cuts over the last decade. That the electorate quite fatigue for that. So no easy choices for she said. Simon French chief economist at Panya Gordon Thank you very much. Thank you.

UK Chief Economist Simon French Nelson Panya Gordon BBC Europe Finance Minister Montebello
Amazon Says More Than 19,000 Workers Have Had Positive Coronavirus Tests

Marketplace Morning Report with David Brancaccio

00:26 sec | Last month

Amazon Says More Than 19,000 Workers Have Had Positive Coronavirus Tests

"Since March Amazon's been repeatedly testing, it's one point three million strong workforce for covid nineteen. The company is now saying nineteen thousand people have tested positive or have been presumed positive over those months given what the CDC says is the rate in the General Population Amazon indicates it would've expected many more positives around thirty four thousand by next month Amazon hopes to be doing fifty thousand tests a day on its employees.

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

Marketplace Morning Report with David Brancaccio

04:50 min | Last month

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

"The stock market enters a new pandemic quarter with a sense of cockiness say Hubris. I'm David Brancaccio I about four percent fewer people signed up for unemployment benefits over the last week still that number eight, hundred, thirty, seven, thousand remained stubbornly high with about half the jobs lost in the early months of pandemic still not made back. We also have news this morning on our spending Thursdays we get a briefing from Diane swonk the Chief Economist at the tax and advisory Firm Grant Thornton. One of the great teachers on this subject Good Morning Good Morning. I was looking at the new consumer spending figures it covers August looks a little won-. Yeah. We saw him come in point seven percent pace that's down from one point, one percent and almost six percent in June July and under one point one we're really losing momentum there and after adjusting for inflation which really interesting in the consumer spending as we did see a nice pickup in spending on services people finally returning to hospitals you up on all those elective surgeries they deferred during. lockdowns and also spending on some travel picking up what we didn't see and what was really devastating was we saw drop in spending in food stores in August from July, and that was really closely tied to the laps in that six hundred a week chocolate to unemployment insurance. Much of that was going to the very basics of food and shelter, and we know that food insecurity has already gone her record high and that's GonNa compound unless we get some additional aid to people unemployment. And jobs to people the Big September jobs report. The last one will get before the presidential election comes out tomorrow. What's your view. Well we're looking for jobs to increase by about seven hundred and fifty thousand in the private sector, and that's a pretty big slowdown from what we saw in the month of August. What's important about that these big numbers we still want to see these big numbers. There are some seasonal quirks data, and one of the most notable one is religion hospitality where we're still down four point, four, million jobs many of the lay offs that you usually see in of Labor Day in the leisure and hospitality sector will not occur. So that'll help us out during the month, but that's not exactly something you WanNa put your money on given we're still four point four, million jobs down in that sector. Economist. Diane swonk at Grant Thornton. Thank you so much. Thank you. While the real economy there can be scored this way. Over on the stock market there tuned to this channel. The new financial quarter starts today look at the quarter just ended for those with the wherewithal to have money in stocks despite everything it's been quite a run marketplace's Nova Sophos has been looking at this. That's David and spinach volatile quarter. We've seen some pullback, but overall, the S. and P. Five, hundred gained eight and a half percent. The Dow is up seven and a half percent and the Nasdaq is up eleven percent for the quarter and the Nasdaq is tech heavy index of course, and we know that big tech has done very well apple's market valuation hit two trillion dollars. Tesla stock almost doubled this past quarter it's market valuation is now at four, hundred, billion dollars for perspective. If you took Ford and GM added them together multiplied by five you'd still fall short of Tesla. But considering how much the market fell off a cliff or at time this spring right where we today. Well there. It's a bit of a more mixed picture. The Dow has lost about two and a half percent for the year. But again, the Nasdaq gained twenty four percent. That's the big tech for you. But then you look at energy stocks their way down. So there are winners and losers in the market right now. But stepping back how did this happen given pandemic? Well low interest rates are a big factor, right the Fed has said they're going to stay low for a long time. So for investors looking for growth stocks are essentially at right now David, your competing bonds can seem less attractive, but one else besides interest rates. Well, let's see low interest rates. Certainly there a huge factor We are also seeing some level of optimism of course, among investors that there could be a light at the end of the pandemic tunnel with the vaccine's coming soon. Nova. Thank you so much. Now you need a photographers loop to see the miniscule yield on the government's ten year note today's zero point seven, one percent that's up slightly it should be said stocks the Dow Jones Industrial Average is up one hundred, sixty, two points this morning six tenths percent smp up seven tenths percent.

David Brancaccio Diane swonk Tesla Grant Thornton Chief Economist Fed apple Ford GM
Consumer Spending Rose in August, but Incomes Pose Hurdle for U.S. Recovery

Marketplace Morning Report with David Brancaccio

02:32 min | Last month

Consumer Spending Rose in August, but Incomes Pose Hurdle for U.S. Recovery

"The stock market enters a new pandemic quarter with a sense of cockiness say Hubris. I'm David Brancaccio I about four percent fewer people signed up for unemployment benefits over the last week still that number eight, hundred, thirty, seven, thousand remained stubbornly high with about half the jobs lost in the early months of pandemic still not made back. We also have news this morning on our spending Thursdays we get a briefing from Diane swonk the Chief Economist at the tax and advisory Firm Grant Thornton. One of the great teachers on this subject Good Morning Good Morning. I was looking at the new consumer spending figures it covers August looks a little won-. Yeah. We saw him come in point seven percent pace that's down from one point, one percent and almost six percent in June July and under one point one we're really losing momentum there and after adjusting for inflation which really interesting in the consumer spending as we did see a nice pickup in spending on services people finally returning to hospitals you up on all those elective surgeries they deferred during. lockdowns and also spending on some travel picking up what we didn't see and what was really devastating was we saw drop in spending in food stores in August from July, and that was really closely tied to the laps in that six hundred a week chocolate to unemployment insurance. Much of that was going to the very basics of food and shelter, and we know that food insecurity has already gone her record high and that's GonNa compound unless we get some additional aid to people unemployment. And jobs to people the Big September jobs report. The last one will get before the presidential election comes out tomorrow. What's your view. Well we're looking for jobs to increase by about seven hundred and fifty thousand in the private sector, and that's a pretty big slowdown from what we saw in the month of August. What's important about that these big numbers we still want to see these big numbers. There are some seasonal quirks data, and one of the most notable one is religion hospitality where we're still down four point, four, million jobs many of the lay offs that you usually see in of Labor Day in the leisure and hospitality sector will not occur. So that'll help us out during the month, but that's not exactly something you WanNa put your money on given we're still four point four, million jobs down in that sector. Economist. Diane swonk at Grant Thornton. Thank you so much.

Diane Swonk David Brancaccio Grant Thornton Chief Economist
Ransomware Attack Hits Universal Health Services

Marketplace Morning Report with David Brancaccio

00:55 sec | 2 months ago

Ransomware Attack Hits Universal Health Services

"What appears to be a major ransomware attack on the computers of universal? Health, services one of the largest hospital chains this affects hundreds of locations. Marketplace's Nova Sappho has more a network outage at universal health services, hospitals, and clinical facilities across the country began overnight Sunday forcing employees onto paper backup systems cybersecurity experts say the incident is likely a ransomware attack in which hackers lockup. Computer networks often stealing information and demand payment to restore access. There were anecdotal reports of disrupted operations at various hospitals from Wi fi based patient monitors not functioning to emergency room wait times growing exponentially and canceled surgeries. Universal Health Services released a short statement saying it's network is offline due to an IT security issue and that no patient or data appears to be compromised

Universal Health Services Nova Sappho WI
The U.S. To Limit Access To TikTok And WeChat On Sunday

Marketplace Morning Report with David Brancaccio

00:32 sec | 2 months ago

The U.S. To Limit Access To TikTok And WeChat On Sunday

"The federal government said today it will ban we chat from US APP stores starting Sunday night. Also, we chat users in the US will be banned from using the APP to process payments or transfer money us. Companies will be prohibited from providing. Internet hosting four, we chat starting Sunday and for Tiktok the social media company beginning November. The twelfth an alliance with Oracle of California and Tiktok is being reviewed by the trump administration in a bid to resolve national security concerns about tiktok access to US user data.

United States Federal Government Tiktok Oracle California
India records world's highest increase in new COVID-19 cases

Marketplace Morning Report with David Brancaccio

02:08 min | 2 months ago

India records world's highest increase in new COVID-19 cases

"Now, where another record rise in daily Corona virus infections has brought the country's total case count to above five million it's adding more new cases a day than any other country in the world fueling concerns about how the economy will continue to cope with the pandemic official forecasts predict a ten percent contraction this year the government has allocated tens of billions of dollars to help battle the economic crisis but there's some head-scratching today over a new multi million dollar contract that's been awarded to Indian conglomerate Totta the BBC's around Mukherjee. What we're looking at is one hundred, seventeen million dollars to refurbish the existing parliament complex. But this is part of a larger two point seven billion dollar government project to give a face lift and modernized old colonial era government buildings in the heart of Delhi even when this plan was initially announced, which was in October last year many questioned the need to spend so much at a time when India is just coming out of its lockdown batting, a rising number of one thousand cases growing at an alarming rate, the economy has contracted by the worst in decades. Where does the government going to get this money from as you say why? Hasn't the government put this plan on ice of the government says that look this parliament complex dates way back to the nineteen twenties now since then various parliament constituencies have increased and therefore so have the number of parliamentarians and the staff there simple argument is this complex isn't big enough. The also interestingly want to build despite twenty, twenty two so that it can coincide with India celebrating seventy five years of its independence, and where's the government GonNa get the money to fund this project that is million dollar question in the same week on Monday. The government asked for parliamentary approval of to infuse nearly two point seven, two, billion dollars to. Help the ailing banking sector here in India deal with the prospects of bad loans which are likely to rise. So the message that the government has given is that we are cash strapped, but the question is, where are you going to get this money from for this kind of luxurious project at a time when India is battling a national crisis, more questions than answers then the BBC's democracy in new. Delhi. Thank you. Thank you.

India Parliament Delhi BBC Official
Nvidia to buy UK's Arm, sparking fears of chip dominance

Morning Edition

01:43 min | 2 months ago

Nvidia to buy UK's Arm, sparking fears of chip dominance

"I'm David Brancaccio in video of Santa Clara, California makes powerful microchips for playing video games. There's news it is buying a quietly ubiquitous tech company based in Cambridge, England. For $40 billion. You may have arm Holdings Tech in your pocket or purse right now. Marketplaces. Nervous offer is on the line here. Nova. Why so much money to link to somewhat? Obscure companies. Well, David, you said it arm is practically ubiquitous. It's a 90% of smartphones out there both Apple and android phones and what harm does is design poop blueprints to make the microprocessor chips that go inside nearly everything that computes armed licenses this technology to anyone who wants it, so Qualcomm, a big chip maker, uses it also. Apple Samsung China's wall away. With arms technology and so many gizmos. It makes it easier for these devices to talk to each other. So toasters talking to smartphones that kind of thing. Meanwhile, in video, as you mentioned is big in video gaming world and in artificial intelligence, it makes powerful computer chips and this deal will catapulted into the broader tech ecosystem. Is that why I'm already seeing some objections? Tio this deal. That's right. Just hours after the deal was announced, there were already signs that there's a tough road ahead to get this deal approved. There are a number of questions first in video makes chips as we said, so how will it treat competing chip makers who want to keep licensing arms technology? In video says it will remain neutral. But regulators will want to answer that question. Also, China will be involved because in videos buying a Chinese subsidiary of arm so how will U. S China trade tensions Playing to this? All of this remains to be answered these questions. All right, Nova Soph. Oh, thank you.

David Brancaccio Arm Holdings Tech Apple Santa Clara China Nova Soph Cambridge California Samsung China Qualcomm U. S China England
AstraZeneca pauses coronavirus vaccine trial, shares slip on rollout doubts

Marketplace Morning Report with David Brancaccio

00:39 sec | 2 months ago

AstraZeneca pauses coronavirus vaccine trial, shares slip on rollout doubts

"No Work? No pay no food coronavirus lockdowns have forced many people all over the world to wonder where their next meal's will come from according to Matthew True. Scott Oxfam International's head of Humanitarian Policy About one hundred and twenty one million people have been pushed to the edge of starvation. This year not of course is across the main hotspots you would expect Yemen Democratic Republic of Congo of Gunston Venezuela, south. Sudan we're also seeing hunger coming up in otherwise middle income or developing countries. India South Africa Brazil CETERA. Look at a situation in the world where you have about sixty sixty, one percent working in the informal economy when that denied that daily income forced to stay at home they no longer get that income and that forces them into some of the negative coping strategies and that's what makes this crisis so unique. People. Couldn't travel to work which meant they couldn't make money and they couldn't buy food but this isn't just a short term problem. Is it Yeah and it has sort of long term impacts where, for instance, if you take people who are living day to day selling milk, if they can't sell milk for a few days, it gets point whether then have to do something to have food and income then have to sell their means of income. So selling the cow which had been providing them and then conquered back to generate income and same happens instead of urban areas where people who had been, for instance, taxi drivers after. So long of not being able to take fares and give taxi rights eventually then have to start selling off assets to cope and that's where we're really. Seeing potential long-term structural breakdown, and as you say, this is a problem that existed before the pandemic. So how do we tackle it this time around does it require new solutions? It does with sort of proposing three solutions. The I of course is that we need to increase humanitarian aid drastically the U. N. Global Humanitarian Appeal has called for about ten point, three billion dollars in humanitarian aid. But only about twenty, four percent of that is funded. So less than a quarter, the second thing that we can do is cancelled some of the debt that could free up up to a trillion dollars, and then of course, the final thing is. Exactly, as you say, we do need to change how system works. We need to build a more fair and more robust food system. We need to build a system that's ready to deal with the climate shocks that's able to produce sustainable food. One that supports a small-scale Farmers Informal Workers, Matthew Scott head of humanitarian policy at Oxfam International. Thanks for your time. Thank you so much

Humanitarian Policy Scott Oxfam International U. N. Global Humanitarian Appe Matthew True Farmers Informal Workers Gunston Venezuela Oxfam International Democratic Republic Of Congo Matthew Scott Sudan India Yemen
China’s new tech export rules could further complicate TikTok’s U.S. sale

Marketplace Morning Report with David Brancaccio

00:22 sec | 3 months ago

China’s new tech export rules could further complicate TikTok’s U.S. sale

"The Chinese government laid on Friday updated its export rules in a way that could delay the sale of tiktok revising list of technologies that would need to get approval before export such approval could take thirty days. Even as the trump administration has said a mid-september deadline to complete the sale of tiktok US operations to one of several. Suitors including Microsoft Walmart and

United States Microsoft
How the Pandemic Is Creating an Odd Boom in Real Estate

Marketplace Morning Report with David Brancaccio

02:09 min | 3 months ago

How the Pandemic Is Creating an Odd Boom in Real Estate

"The pandemic is creating this odd boom in real estate. I'm David Brancaccio people lucky enough to keep their jobs during this pandemic seemed to be pondering their living situations a lot. The quarterly sales reporter by home. Depot today were up twenty five percent year-on-year increase double what was expected, and there's news that builders started work on a lot of new single family homes. Last month up twenty three percent Jeffrey Cleveland is the chief economist at the Investment Company Payden and Regal in Los. Angeles Good Morning Good Morning, David I mean you look at this new home data and you want a statistic. Leading Economic Indicators. Which sometimes, it is during normal times. But how much can we draw about the wider economy? What kind of conclusions can we draw about the wider economy based on construction of new homes? The reason why that tells us a lot about the economy is because housing is tied in to the web of the economy. So you know intimately there's employment they're spending the goes into a new home activity, and so you tend to see good sales data as well. I think in part that's why we are seeing retail sales bounce in recent months in sympathy with the housing data. Also things like spending at Home Depot, which we're hearing was topping expectations here for the second quarter. There's an inequality angle though because if you're have the wherewithal during pandemic to think about buying a new house so that the developers get all excited about building new homes. I mean, that's some people in this economy, but others are renters and the living more tenuously. WELL WE S-. We saw yesterday data on mortgage delinquencies switcher starting to creep up. But I am worried David that one of the things fueling all this. It's made this recession unique is the federal. Relief payments that went out really through the months of April May June July big chunk of that ended in. July and as yet it's unclear how or when that will be extended and I and I think that you know leaves question marks for the durability of this

David Brancaccio Home Depot Chief Economist Reporter Jeffrey Cleveland Angeles LOS
UK plunges into worst recession of any major economy

Marketplace Morning Report with David Brancaccio

01:38 min | 3 months ago

UK plunges into worst recession of any major economy

"The British economy is officially in its steepest recession record after contracting twenty point, four percent between April and June taking the different timings of lockdown into account. It's also one of the worst performers in Europe so far this year as the UK, went into lockdown shops, shuttered factory and construction activity ground to a halt and household spending plunged. The BBC's swooping chant explains the scale of the decline. It's bad whether you're making things in a factory selling stuff on the shop floor building a house, all the sectors in the economy declined between April and June the UK's performance was also worse than many other economies like Germany, the US, and that's because we do more things that involve social interaction. For example, we've got the big soccer league in the world we also go to concerts and live entertainment venues. None of that was happening between eight four in June in the first half of the year. The UK economy contracted by around twenty two percent. That's about double the contractions. Seen in America and also Germany but things have started to look up so far in the third quarter, and there are a lot of government programs aimed at getting people out to eat at restaurants, visit pubs, going shopping all those are signs that things will be coming back in the last half of the year. If you just walk outside the building, you know there's lots of tables outside lots of diners sitting outside activities coming back. Retail sales are almost back to levels. They were before the lockdown and ten million people according to the government have taken advantage of a special scheme. To them half price dining out. So things are looking on the are largely due to government support

UK Germany Europe BBC Soccer United States America
The latest on TikTok: Microsoft takeover talks, a potential U.S. ban and more

Marketplace Morning Report with David Brancaccio

01:38 min | 4 months ago

The latest on TikTok: Microsoft takeover talks, a potential U.S. ban and more

"Latest flareup between the US and China is tiktok again, the video sharing APP president trump threatened to ban the APP Friday some policy makers of said TIKTOK poses a national security risk because it could share the US user data with the Chinese government. Something tiktok has repeatedly denied tiktok parent company in China Bite Dance says despite. A possible ban in the US it remains committed to its global audience for more. Here's marketplace's China correspondent. Jennifer, pack Shanghai tiktok owner by dense is headquartered in Beijing, and because of this US officials are worried that by dance could let the Communist Party of China access. The data tiktok collects from American users and allegation denied by Bite dance and the Chinese government over the weekend by dance released A. Statement on Chinese social media saying the firm faces all kinds of quote complex and unimaginable difficulties alluding to the U. S., China trade tension plus cultural differences by dance also accuses facebook. It's competitor in overseas markets of smear and plagiarism. No doubt referring to facebook's release of a Tiktok like product called instagram reels a memo from BITE DANCES CO to its staff leaked to the Chinese tech new site. Ping West. Says Tiktok is committed to serve American users and has no choice but to sell its US operations Microsoft confirms it is now currently in talks to take over tick talks operations in the Canada Australia and New Zealand. A few comments on the Chinese web say US Action Against Tiktok is fitting since China locks US tech giants like facebook, Google and twitter in Shanghai I'm Jennifer pack for marketplace.

China Bite Dance United States China Tiktok Facebook Chinese Government Communist Party Of China Shanghai Bite Dances Co President Trump Jennifer Ping West Beijing Microsoft Instagram Twitter New Zealand Canada Google
China's Economy Appears Back on Track

Marketplace Morning Report with David Brancaccio

00:15 sec | 4 months ago

China's Economy Appears Back on Track

"Is reporting that its economy grew three point two percent in the second quarter from the same time last year. That makes it the first major economy to rebound since Kovic hit for comparison China's economy shrank six point. Eight percent in the first

China Kovic
China imposes sanctions on U.S. senators Rubio, Cruz over Xinjiang advocacy

Marketplace Morning Report with David Brancaccio

01:10 min | 4 months ago

China imposes sanctions on U.S. senators Rubio, Cruz over Xinjiang advocacy

"Hungary, Janus Henderson, who did this survey reckons? That's going to be about nine trillion cumulus, if speaking of debt around four companies now debt debt by itself is not good or bad. It just depends whether you can repay it or not. The authors of the forecast also say that debt has been going up faster than prophets of growing over the past few years. That is worrying, but as you alluded to interest rates around the world have been so low. Is this debt pile necessarily a problem for these companies? Well the lower interest rates off the easier. It is to pay that money back, but at some point interest rates will have to go, and that could be a problem for companies now. The worry is that when company stock coming out of the bad times caused by the corona virus. Whether they of making prophet or not. They still have to pay the interest in payback the debt. It's interesting. The chief economist of the International Monetary Fund last week was saying that perhaps governments should think again about lending money to so many companies to help save them, but think more in terms of perhaps buying shares or coming up with financial instruments that are more light buying shares equity say

Janus Henderson International Monetary Fund Hungary Chief Economist
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:45 min | 9 months ago

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

"Thank you for connecting. Thanks for having. Let's say you're looking at your portfolio today and you need your money like in two years. That portfolio looks different from someone who's thinking ten years or twenty five years for that matter in fact those are three very different portfolios if you have to have to have to have your money in two years and you. WanNa take very little risk. You're going to be a combination of money market funds and some high quality corporates. And that's a very low risk very low return portfolio that hopefully just keeps ahead of inflation. And what if you have ten years before you need the money? Historically we rarely see ten years go by without a positive return so a portfolio. That makes more sense for a person who's going need. That cash in a decade is going to be something like a sixty forty of classic portfolio that sixty percent broad-market indexes and forty percent bonds. You should see a better than inflation return in most ten year periods. And what if you can wait? Several decades twenty-five years is a long time in the stock market and you would wanna be progressive either. Seventy thirty or seventy five twenty five stocks and bonds the reason I never recommend people though all stock even though that portfolio would do better is exactly because of times like this or away. Don't nine or two thousand. You know the optimal portfolio isn't the one that returns the most money. But it's the one that you can live with and I can guarantee you that people who are in all stock portfolios. They're having a hard time looking at a market. That was hitting all time highs a month ago and now is down thirty percent of more. We've seen twenty trillion dollars in wealth disappear. Now it's only temporary and my best guesses once we get through the corona virus. It'll come snapping back but if you're up all night stressing over it and the only way you relieve that stress is selling well then. You're not gonNA participate when the market recovers have to take the good with the bad and this shell pass. Barry Ritholtz is a Bloomberg opinion columnists. He's also chairman and chief investment officer of ritholtz wealth management. Always good to talk to you. Thanks so much for having me and the Dow is down two hundred fifteen points now. One point one percent. I'm David Brancaccio with the marketplace morning report from APM American public media..

Barry Ritholtz David Brancaccio APM American chief investment officer
"david brancaccio" Discussed on KQED Radio

KQED Radio

03:22 min | 9 months ago

"david brancaccio" Discussed on KQED Radio

"LLC I'm David Brancaccio in New York the federal reserve has just cut interest rates by half a percent for this to happen between a formal policy meetings is highly unusual an indication of the urgency driving the decision what's called the fed funds rate the main way central bankers add or remove liquidity in the financial system was already low and it'll now run between just one percent in one and a quarter percent the fed's policy making committee was unanimous in its decision today the fed says it will continue to closely monitor developments with the corona virus and use appropriate tools to support the economy Karen Petrou is managing partner of the economic consulting firm federal financial analytics in Washington good morning okay surprise not even after a scheduled meeting of fed policy makers are you Karen reassured there taking action or maybe scared they even had to do this I'm troubled they did this because I really think that the fed is responding not to the economy but to the market and I really hate to see the central bank continue to exercise what used to be called the Greenspan put now it's become the Powell put when markets are shaky defense stepped in and rescues the traders that's not what the central bank is for yeah because now the traders are gonna know the fed is watching their back very closely the market that runs on moral hazard runs on fuel I would like to see some market recognition of we're supposed to have a sufficient markets with traders recognizing forward looking values that's not what we're doing everybody's trading on the fed and that is ultimately a dangerous game and you had some questions about whether or not cutting interest rates actually helps the problem at hand which is trying to help the world economy through concerns about the coronavirus I think it has virtually nothing to do with it the most distant figures out how to get the face mask manufacturing business what this is supposed to do is supply liquidity to the financial markets and ensure S. baseball economy by way of maximum employment and price stability this point there's no reason to intervene in now I know that people are you where you need to intervene early because it takes awhile for monetary policy to transit through the economy but the economy's problems had nothing to do with the cost of money which is already a extra record lows it has to do with the real world contagion and a virus a half a point isn't going to cure anybody it just doesn't our bedroom is co founder and managing partner of federal financial analytics in Washington thank you thank you David the chair of the fed will brief the media and about five minutes stock prices rose moderately in the wake of the drop in interest rates but in the last few minutes the markets turned mixed the Dow is down fifty two points two tenths percent the S. and P. and the nasdaq are little changed marketplace morning report is supported by the can data find working to advance individual dignity and sustainable communities through investments in transformative leaders and ideas.

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

Marketplace Morning Report with David Brancaccio

03:24 min | 9 months ago

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

"On a morning when many people with indirect or direct stakes in financial markets are worried about. What's happened in the last two days? Let's get a reminder that yesterday and today matter less than having a long long view some financial innovation and change in the federal rules mean many investors can worry less about the Dow day to day and make one. What is the date? You think you will retire. There are new data on water. Called target date. Funds Marketplace's senior economic contributor. Chris Farrell is here there. Are You Doing David? Let's start with definition. A target date fund is an option for some people in their retirement. Plan what is a target date fund right? So it's a diversified portfolio and invest. Mostly in riskier but higher potential return equities when retirement is way off in the future and it automatically reduces your exposure to stocks as you get closer to that retirement date and typically a target date fund comes in. Five Year increments. So if you were forty years old you might buy. Target Date Fund for Twenty Fifty Five. It's not guaranteed returns. But what it does is. It adjusts as you get closer to that time. So that you're less exposed to the using cake spearing language the slings and arrows of the market. I Love Shakespeare and finance this product. It relieves employees about having to decide how much I'm going to put in stocks. How much in bonds a window? I changed my percentages. I mean Look David. There's this whole cottage industry of behavioral economists and they've grown around this one insight that you and I know. Most of us are terrible at investing. We just don't know about the markets so with the target date fund. The only decision you have to make is make a reasonable guesstimate okay. I'm going to retire. Sixty five and then pick that fund. The thing is if you're not retired yet you may not have the time on your hands to be obsessing over your retirement plan. But what's another reason for the focus on these target date funds? Well this is what I got really interested with an economic study and there was this legislation. Two thousand insects and said look if someone signs up for your 401k plan but they don't pick in investment option. It's okay for employers to put them into the target date fund. They don't have to worry about some sort of legal liability. So the economists looked at these target date funds in the bottom line of their results. Is that the adoption of low-cost target date fund could retirement security by as much as fifty percent over thirty year period. Couple things their first of all these are employers that defaulted you into them. If you didn't proactively choose something else. Correct telling in itself but also you said a low cost target date fund. Did you not I did. And there's lots of target date funds and some of them at higher fees and some of them have more equities when you retire gets a little bit of a controversial area but when it comes to finance the innovations that really matter are the ones that make it. Simple to make a smart choice. Marketplace's senior economic contributor Chris Farrell in Saint. Paul thank you. Thanks a lot David. And on that point about retirement planning and William Shakespeare. I got two words for you King Lear New York. I'm David Brancaccio with the marketplace morning report vigilant from APM American public media..

David Brancaccio Chris Farrell William Shakespeare Funds Marketplace King Lear New York APM American Paul Saint
"david brancaccio" Discussed on KCRW

KCRW

03:36 min | 10 months ago

"david brancaccio" Discussed on KCRW

"I'm David Brancaccio it is lunar new year's eve in China a time when families and friends gather but that tradition of holiday connection typically means an enormous amount of travel within China however this year there's the concern over the corona virus that has killed twenty six people in more than eight hundred people have been sickened according to the official figures authorities of lock down the city of Wuhan and several surrounding cities and plans are being changed nationwide including in Shanghai where I'm joined by market places China correspondent Jennifer pack hi there hi David how was the response to this virus changing what had been massive plans for travel well people are choosing to stay in twenty four hours ago I had invitations to a reunion dinner a weekend trip to eastern Zhejiang province to see a friend but wants to hunt was locked down even though we're five hundred miles away people are nervous about potential exposures so now I've been uninvited to both all right so micro affects and businesses well the travel industry is taking a big hit some four hundred million trips usually made during this holiday that's like travel in the U. S. during thanksgiving times three hotels and airlines are now being asked to refund travelers but there are two business is not suffering those selling face masks there's a shortage now and food delivery platforms food delivery what about the screening process for people who might be potentially infected so we've heard of patients being turned away from overcrowded hospitals authorities are building temporary facilities within the next few days to address this but there is a sense that officials are not revealing things in a timely fashion that's why people outside of the epicenter are almost in self imposed quarantine which impacts the local economy all right market place's China correspondent Jennifer pack in Shanghai thank you thanks David in the U. S. a second case of the corona virus was confirmed today Washington state was the first one this morning's was in Chicago checking markets the Dow is down twenty two points less than the ten percent the S. and P. five hundred is down two tenths percent the nasdaq is down two points the tenure interest rate is down at one point seven percent in an unprecedented move U. S. regulators have banned the former CEO of a big bang from ever working in the industry again in the settlement John Stumpf who ran Wells Fargo agreed to the forever ban in a seventeen and a half million dollar fine the penalties are tied to the fake accounts scandal that hit the headlines in twenty sixteen market place's novus awful has more John Stumpf was once a Wall Street star and the banking industry's highest paid executive but in twenty sixteen he resigned as C. E. O. of Wells Fargo after revelations that millions of accounts on authorized by customers we're open to meet sales targets at congressional hearings in twenty sixteen Stumpf apologized I am fully accountable FOR all unethical sales practices in our retail banking business but the apology was not enough to quell bipartisan outrage the sixty six year old executive has now agreed to a lifetime ban from the banking industry it sends a strong signal to executives at other banks Devesh Sharma researchers auditing and corporate governance at Kennesaw state university in Georgia it does go a step toward restoring our wells Fargo's reputation banking regulators announced charges against five other Wells Fargo executives including the former head of the community banking division who could also face a lifetime.

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

Marketplace Morning Report with David Brancaccio

02:00 min | 11 months 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 Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:00 min | 11 months 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 Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:00 min | 11 months 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 | 11 months 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 Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:53 min | 1 year ago

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

"Okay here's here's a solid investment support marketplace today and your donation goes three times as far right now your donation makes triple the impact triple ripple thanks to a special two for one match by the Kendedafund that is three times the support for the Public Service Journalism that you trust to keep you informed every day Eh. The match only goes through this Sunday. So don't miss out give today at Marketplace Dot Org and thank you. An overarching story and retail is Amazon Ebay and Walmart crushing the little shops on the street. The online retailers have superpowers but they also have a vulnerability customer Mr Mer relationships with them are typically transactional and the interactions are especially memorable some bricks and mortar. Stores have responded by making shopping and experience. What's the difference between going to say? A hipster restaurant versus a fast food drive through a smaller retailers may be especially well positioned to curate these experiences. Listen to the founder of an enterprise called Bash party goods based in Chicago. Everyone's trying to recreate that holiday of their childhood but online shopping wasn't a part of childhood holiday experience. I'm Angela water. I owned Bash Party goods. Which is a party supply apply and stationary brand? I started out as an online retailer. In two thousand fifteen and opened a brick and mortar in Chicago called festive collective in two thousand sixteen. My background was in corporate retail. And so I noticed a hole in the market. I throw a lot of parties and I couldn't find party supplies that reflected my own aesthetic and other friends my age I started out selling paper plates. Napkins peoper Garland's just the basics that you would need to throw a birthday party and I know a entire section in the warehouse. That's just dedicated to tubes of miniature disco go vols every year to get the shop ready for holiday. We closed for four days. We Strip everything out of the store. We we cover the windows and so when we take the paper down the last day. There's this big reveal to the neighborhood tons of Santa's and vibrant kitschy reindeer and year in Neon dribbles. We really try to create a sense of nostalgia. I feel like that's what drives most holiday purchasing and and particularly for our customers. That's something that they're they're not getting in the online shopping experience and so we tend to have a lot of repeat customers range throughout the holidays. Who will come in once and then come in again with their children and then come in with their aunts and uncles and everybody? WHO's in town? I love watching people move throughout the space and spend more time choosing like deliberate products for gifts or even for themselves. I just knowing that they're making more meaningful purchases rather than buying anything. That's on sale at a big box store because we're small and we're not allowed award retailer. I can create a design and in some cases I can have it in customers hands by the end of the week. I henryk. Little Wooden Christmas houses have little Pastel and neon accents and covered in snow. And I usually put like a dinosaur are in the front lawn or something unexpected. The Voice of Entrepreneur Angela. Water of festive collective walking. Here Midtown Manhattan. You're reminded that retailers doing doing experiences isn't new. The holiday windows long thirty four. Three side of macy's been doing that since eighteen ninety four. I'm David Brancaccio marketplace morning report from A._P._M.. American public media..

Chicago Marketplace Dot Org Bash Party David Brancaccio Mr Mer Amazon Ebay macy Manhattan Walmart Santa
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:07 min | 1 year ago

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

"You can't vote. I'm David Brancaccio in New York about seven hours from now. The Federal Reserve is set to snap a news bulletin that it's cutting interest rates by one quarter of one percent that would be the first time I'm since we emerged from the great recession that interest rates fall a Smidgen of stimulus like this would be an odd tactic given where we are with low inflation and near full employment. Some of this is the Fed try to counteract slower business investment given the uncertainties of the Trade War U._S.. Consumers for their part are still out there. Consuming not a story about revealing who is behind some big money in politics federal judge in Montana has struck down an I._R._S.. Rule on political donations the rule had said at certain nonprofit groups no longer had to report their donors to the tax people marketplace's Nancy Marshall Genzer in Washington is on the line with more on this rule well David it applied to organizations known as social welfare groups. These are nonprofits that can get involved in politics as long as they don't spend more than half their our budgets on it so this would include the political arms of the N._R._A. A._A._R._p.. They said when they reported their donors names. The names leaked out even though they're not supposed to be public opponents of the rule said if these groups didn't have to report their donors there could be more foreign influence over U._S.. Elections and why did this judge overturn the rule what he said the I._R._S. didn't allow enough time for for public comment on the new rule. The I._R._S. said it didn't need a full comment period because it was just a small change little on the so what happens now well for now. These nonprofits will have to continue reporting their donors to the I._R._S.. The lawsuit was brought by Montana Governor. Steve Bullock who also happens to be running for president <hes> Montana said that it relies on voter information from the I._R._S.. To decide on exemptions from state taxes and because of the ruling Montana <hes> and other states are going to have access to it all right Nancy thank you let's do the numbers footsie in London.

Montana David Brancaccio Federal Reserve Nancy Marshall Genzer Steve Bullock New York I._R._S. Washington president London one percent one quarter seven hours
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

06:51 min | 1 year ago

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

"I'm David Brancaccio in New York. I with a cut in interest rates considered a foregone conclusion later this month. How come I keep seeing interest rates in the bond market rising going into the fourth of July? The ten year bond yield was down at one point nine six percent this morning. It's up again at two point one four percent that is a shift on Fridays. We consult Christopher Lowe the chief economist at F. T. The end financial in New York. I mean Chris Fed. Chairman Paul was signaling like mad on Capitol Hill this week that short-term rates are going lower very soon but at the longer end if you look at ten year treasuries for example which is what mortgage rates are priced off. Of those yields have increased and they've increased by <hes> point one five percent which is actually a pretty significant rise in a week's time. Basically traders are betting that okay okay if the feds not leaning quite as hard against inflation then logically inflation's GonNa rise <hes> anything with a five year duration like most car loans or fifteen in thirty years like most mortgage Sloan's those were probably going to be a little more expensive. It's also a reminder that <hes> the Fed doesn't have a control room that is manipulating the economy. There's only so much the Fed can do you know that's a reminder. That's not only good for all of us to remember but probably not a bad thing for the Fed to remember to crisslow at S._D._N.. Financial in New York the chief economist thank you so much. Thank you David One of the big topics when Federal Reserve Chair Jerome Wrong Powell testified in Washington yesterday libra that's facebook's planned cryptocurrency the social media giant hopes that will serve that will serve as a backbone for easy money transfers payments Powell said he has serious concerns. Earns marketplace's Justin hose following. I A libra recap. It's a crypto currency like bitcoin but facebook says its value will be stable in the ideas that libra would be backed by real assets like government bonds and facebook's partnering up with a number of other big companies to launch libra in the plan facebook says is to launch libra next year in twenty twenty but yesterday Jay Pal said the Fed I needs to do a careful and patient assessment of the risks. Libra poses to the economy and and I think that's GonNa take a little bit of time and the idea that this would be going into implementation within twelve months. I think is is not going to be proven right. Pal said those risks include privacy money laundering consumer protection financial stability really. It's not just chairman Powell that wants to weigh in on this topic yeah. We don't know all the details about lieber yet but regulators around the world are skeptical. The president criticised libra last night saying the dollar will always be a more reliable global currency but palisade part of the issue is that oversight falls into a lot of pockets state federal International Sheila Bair who was the head of the F._d._i._C. During the financial crisis wrote an op Ed this week suggesting Congress cut through all that overlap and give the Fed the lead authority. Authority over libra because of the Fed's role in regulating banks and payments a senator asked pal about this yesterday and Pal said.

Chris Fed libra facebook Jay Pal Jerome Wrong Powell New York chief economist David Brancaccio chairman Sheila Bair Christopher Lowe lieber Federal Reserve Justin hose David One
"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

"I'm David Brancaccio. Iran says it shot down a US military surveillance drone along the strait of Hormuz the US's confirmed drone was shot down, but says it was not in Iranian airspace at the time. The price of crude oil in New York is up four point four percent, fifty six dollars a barrel, US Iran tensions of risen after the US pulled out of the Iran, nuclear deal and clamp down on economic sanctions, including a prohibition on Iranian oil, Iran works to evade those sanctions with varying degrees of success. There's a report today that an Italian oil company, turn back, what was supposed to be Iraqi oil amid evidence. The cargo was instead, Iranian Wall Street Journal senior reporter, Ben wa Foco co wrote the peace. Thanks for joining us. So give me a sense. What was the tip off for the Italian oil company? Any that something was weird or off with this oil when or vessel arise for nobody would happen? These it gets inspected and the something's taken any that eating too much. So something was wrong. He was in the kind of quality of product that he should have been and officially that's the reason why defended back. So they actually did send it back. They said, we're not going to accept this. Exactly. They doesn't Crispin to the sort of the features that the bathroom all should have had. What do you think what does this case show? There are effective systems in place for enforcing the sanctions, or is this a rare instance of Iranian oil getting stopped. Oh, I think it's income of crude, the, the type of mechanisms to check, especially in, in Europe. And the US I extremely comprehensive this said they are very suffice. Ticketed techniques with multiple transshipments with fake the communications, I met some of the traders who do that in Tehran. When I was there last month and it's obvious that this case where he's going to work, but it tends to be more efficient for all products resins than crude. Oh, in other words, so derivatives of crude oil, processed oil might be a little bit easier. Exactly. Typically, fewer guys or always tends to be I've a blend eat or have less characteristics that makes it harder to track Wall Street Journal, reporter, Ben wa fo- com wrote the peace with his colleague, Sarah McFarland. Thank you so much. You're welcome. Gasoil or diesel numbers the footsie index.

Iran US Iranian Wall Street Journal reporter David Brancaccio Wall Street Journal New York Tehran Europe Sarah McFarland Crispin fifty six dollars four percent
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:32 min | 1 year ago

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

"The robocalls, I'm David Brancaccio in New York, I car companies have issued a plea for a single national standard for fuel efficiency GM Ford until iota are among the seventeen automakers that sent a letter to President Trump and California governor Gavin Newsom yesterday asking for the two sides to agree on how much cars can pollute in the future. Marketplace's Ben Bradford says carmakers one will void a prolonged court fight over emissions. President Trump is seeking to rollback Obama era fuel efficiency standards, while California is sticking with them. The state has unique authority written into the Clean Air Act to set its own air quality rules. The Trump administration wants to strip that thority setting up a legal battle that could put the rules in limbo and possibly split the car buying market carmakers agreed to the stricter rules in two thousand nine but now want looser one says SUV's and trucks continue to be top sellers. But in the letter to Trump, the carmakers say, illegal. Battle would be just as bad as the stricter rules. They're calling for the two sides to compromise and split the difference. I'm then Bradford for marketplace. The Federal Communications Commission has approved new rules, taking aim at robo calls automated versions of those annoying calls, you get from spammers trying to sell you something, or perhaps, get personal information. The rules approved yesterday or designed to make it easier for cell phone companies to automatically block the calls. Marketplace's Nancy Marshall genzer joins me from Washington Nancy, how would this work. The FCC says it would be similar to the way spam is blocked in your Email. Cellphone companies can automatically analyse incoming calls to decide which ones should be blocked and there are telltale signs of robo calls, for example, sending out a bunch of short calls all at once what would change. Well, some carriers already have called blocking programs to cut down on call spam. But right now you have to opt. Into those programs. This rule would allow so phone companies to automatically enroll their customers, but he wouldn't require them to do. So the FCC is still debating a rule that protects carriers from lawsuits, if they blocked the wrong calls like a legitimate call from say your doctor's office and consumers could tell their carriers not to block robocalls. You could opt out of this, if you wanted to know spam Email filters, don't cost us anything. What about these call filters? That's the catch David, the FCC is encouraging carriers to offer. Call blocking for free. The FCC chair says, cellphone companies could save money by blocking robocalls that clog up their networks, but the companies can charge if they want. There are some companies like Reisen which do offer this blocking for free. If you sign up for it, but others, like sprint charge extra. All right. And the FCC doesn't have the last word on this, the house and Senate or working on legislation. Nancy, thank you. Much in just over an hour and a half. It's the government's big unemployment report and tally of payrolls, covering may a private sector count. The came out on Wednesday was strangely week, but that doesn't always line up with the government data, forecasters are expecting a hundred and eighty five thousand more people on payrolls in line with the trend will see. Let's check markets, the footsie in.

Federal Communications Commiss President Trump Nancy Marshall genzer Ben Bradford David Brancaccio FCC California Gavin Newsom Obama GM Ford New York Reisen Washington sprint Senate
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:01 min | 1 year ago

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

"I'm David Brancaccio in New York, President Trump and first lady, Melania arrived in London to start a three day trip to the UK today. Pomp is planned by the hosts, but so are protests by critics of Trump policy beyond that one part of this. Visit is intended to commemorate these seventy fifth anniversary of d day, and there will likely be trade talk. Marketplace's Renata sago has more on that President Trump's second visit to the UK. We'll start with plenty of traditional British pomp and circumstance with the Royal family, then they'll sit down for lunch with Prime Minister Theresa may, but she's stepping down as head of the British government this Friday, so Scott Lucas, who teaches international relations at the university of Birmingham in the UK says this is a bad time to talk politics has been so chaotic, and so dysfunctional that UK is not in any position to really be discussing trade deals with the Americans. At this point, Trump is likely to push his vision when he meets with may. According to Jeremy Shapiro research director at the European Council on foreign relations to encourage the UK to leave the U, and they want to create a bilateral deal, which will be very favorable to the United States. It's a deal. That would take a little bit of diplomacy and a lot of coordination which appear. Oh says are both lacking right now? I'm not a sago for marketplace. As investors moved some money out of stocks into bonds in recent weeks. There's also been a sharp move out of emerging markets. Brazil Argentina Turkey are just some of the places contributing to what seen by investors as a correction as measured by an emerging markets index. That is to say down ten percent from a recent peak on Mondays, we sketch out some of the market psychology with a communist, Julia Coronado at macropolicy perspectives here in New York. Hi, julia. Good morning. So in our focus on the SNP, five hundred or heaven forbid, the Dow. Ow Jones thirty we sometimes miss that emerging markets developing economies have been having a bad few weeks. You're seeing that on your radar to absolutely our markets have been struggling with all of the news on trade, but it hits actually emerging markets even harder because they're smaller countries more vulnerable more risky environment. So actually, the S and P five hundred has been outperforming global indexes. Well, I mean if you get on the wrong side of tariffs that can certainly affect an emerging market. But it's also that as international investors take a little bit of risk off the table. They sometimes think well, maybe should take some money away from the emerging markets. Certainly, there's less liquid markets, riskier markets, more idiosyncratic. So if you are sort of shifting into a more cautious stance, you're going to take some chips off the table, I in those markets. So, yes, they do get hit just in general by the risk off attitude. Right. So more costs of the trade tensions that we're seeing around the world. Julia Coronado at macropolicy perspectives. Always good to talk to you..

President Trump Julia Coronado UK New York Renata sago David Brancaccio Jeremy Shapiro Melania London SNP Ow Jones Prime Minister university of Birmingham Brazil Scott Lucas British government United States European Council research director
"david brancaccio" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

01:58 min | 2 years ago

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

"The biggest car market in the world is slowing down from marketplace. In New York, I'm David Brancaccio for nearly three decades new car sales in China have gone up and up as part of one of history's great social transformations the growth of China's middle class, but there's news today that auto sales in China fell last year, that's long been the world's biggest car market, Scott Tong reports automakers sold twenty two million new vehicles in China last year. That's a six percent drop. According to the China passenger car association today. It's ended the US trade war and a week stock market has also softness in retail and factory orders in China as far as drivers and show rooms trae macarbre at the consultancy trivia, China says China has hit peak car you've had very fast growth for for over twenty years. But now at this point a lot of the Chinese citizens who want automobiles have automobiles he says auto sales there when they'll be more incremental. Encyclical like other mature economies China? He says has moved on from generation of turbo-charged growth. Miss GDP grew nine percent decade ago. But this year, many are predicting six or so General Motors has long been a top seller in China, but will the trade war lead to nationalist boycotts of GM brands like Buick and Cadillac. We haven't seen at least in the auto space any sort of nationalist backlash against US goods. But we have seen this already in the tech space as in calls for Chinese groups and consumers to avoid apple phones in favor of domestic brands like wow away last year. GM sales in China went into reverse by ten percent. Marketplace's got tongue. Thank you car companies running into trouble in China smartphone companies also seeing their profits hit as growth in China slows impart due to the trade war. Why would this persuade market participants to buy stock today? Susan Schmidt has a fury. She's head of US equities at Aviva investors..

China Scott Tong US David Brancaccio New York Susan Schmidt GM trae macarbre Aviva apple General Motors Buick Cadillac three decades nine percent twenty years six percent