Marketplace All-in-One

The results are in, and despite concerns that the war in Iran would dampen big banks' earnings, they're doing just fine, thank you. On earnings calls this week, several banks shouted out consumer “resilience” for keeping everything chugging along. How long might that resilience hold up? Also in this episode: Small business owners slog through tariff refund paperwork, China is well-positioned to ride out this oil price surge, and we've got more of Kai's visit to Vietnam.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

We talk a lot about the price of oil on this show, but there are actually dozens of types of oil. On today's program, we're learning about where they come from, what they're used for, and why the price of oil futures differs from oil's on-the-spot market price. And later, as energy gets more expensive, governments around the world are asking people to try to conserve energy. How much of an impact do those moves have?

The Trump administration says it'll start issuing refunds for tariffs the Supreme Court ruled were collected illegally next week. Customs and Border Protection's automated system will be able to process about 82% of the tariff payments, worth about $127 billion. More complicated claims will have to wait. Then, we'll discuss what the closure of the Strait of Hormuz means for U.S. oil producers. Plus, could a United Airlines-American Airlines merger be in the cards?

Routers, computers, web cameras — they all connect to the internet. And they can be infected with malicious software that lets someone else take over. The device becomes a bot, essentially.A group of these devices networked together then becomes a botnet. And these botnets can then be used for nefarious purposes, like distributed denial of service attacks, without the device owners even knowing about it.Cybersecurity journalist Brian Krebs recently wrote about several large botnets including one called Kimwolf that compromised more than three million devices.

As the U.S. population ages, our economy will rely more on nations with younger workforces. Nations like Vietnam, where there are two working-age adults for every dependent. As part of our ongoing Age of Work series, host Kai Ryssdal and ADP chief economist Nela Richardson visit a garment factory and outdoor vendor market in Ho Chi Minh City to learn more about Vietnam's economy. But first: Companies contend with higher transportation costs and the Fed faces oil industry demand destruction.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

In her book “The Second Estate,” Boston College Law School professor Ray Madoff argues that the tax code in the United States lets billionaires keep their wealth outside of the tax system, leaving the heaviest burden to lower- and middle-income, working Americans. On today's show, Madoff joins Kimberly to explain the “tax avoidance playbook” and why Congress has let certain loopholes go unclosed for decades. Plus, why a wealth tax may not be the simple solution you think it is.

It's springtime, meaning the real estate market is supposed to be popping. But fresh data from the National Association of Realtors shows seasonally adjusted sales of existing homes are actually down 3.6%. What's going on? Also on the show, Chinese exports slowed sharply last month amid energy shocks, and a surge in the cost of petrochemicals — used in plastics, fertilizers, and more — is likely to translate to higher costs on supermarket shelves.

It's almost Tax Day. And while some of us may have waited till the last minute to do our taxes, the federal government sure won't be wasting any time spending them. This morning, we're unpacking how much of your tax bill goes toward services like defense, Social Security, health care, food assistance, the national debt, and more. Plus, there's been no net job creation over the last six months, which can make the economy more vulnerable.

State governments invest their money a lot like a person might. Some treasuries, some mutual funds, a dash of corporate bonds, all intended to grow over time. Now, some states are looking to cryptocurrency as an investment. In 2025, at least nineteen states considered laws allowing some state funds to be invested in digital assets. Three states — Texas, New Hampshire, and Arizona — actually passed laws around this, according to a review by the Pew Charitable Trusts. Marketplace's Stephanie Hughes talked about this interest from states with Liz Farmer, senior officer at Pew Charitable Trusts, who explained why crypto is appealing to some state investors.

The 10th season of “Million Bazillion” is here just in time to mark Bridget and Ryan's favorite holiday – Tax Day! There's just one problem: Ryan hasn't finished filing his taxes yet. With the clock ticking, Bridget steps in to help him out before midnight. Along the way, they tackle a great question from Kade: What exactly are tax returns? Will they figure everything out before time runs out?If your family is interested in learning even more about today's question, check out our website. We've got conversation starters and a tip sheet!Love the show? You can help make it happen. Donate what you can at marketplace.org/givemillion.

Grocery prices rose less than 2% in March, according to the latest consumer price index. The cost of some staples, including eggs, butter, and cheese, fell from spikes last spring. Certain produce prices moved in the opposite direction. In this episode, how the global economy affects your grocery bill. Plus: The war in Iran ripples through big banks' earnings, fuel economy regulations soften the blow of high gas prices, and Kai visits Southern California's Little Saigon ahead of a trip to Vietnam.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The U.S. has threatened a blockade of Iranian ports set to go into effect this morning. That means the supply of oil will be even more restricted than it was before. We'll dig into what all this means for oil markets. Plus, the economic consequences of the war are reshaping businesses' hiring plans stateside, too. And, there's a parade of banks releasing results this week. Investors are paying close attention.

Grocery prices on average are up about 2% compared to this time last year. But split up the food groups, and we start to see some bigger numbers. Tomatoes, lettuce, and nonalcoholic beverages (especially coffee) led the way for price increases. Meanwhile, the cost of meat and dairy declined. Why? Also: a Straight of Hormuz blockade courtesy of the U.S., and a look at how Trump's tax and spending law could impact charitable giving.

Marketplace's Stephanie Hughes was shopping recently with her seven-year-old who was drawn to a “Relaxolotl,” a tea infuser shaped like an axolotl. And it had a label: “designed in Rhode Island, by people.” Genuine Fred makes the relaxolotl. President Jason Amendolara told “Marketplace Tech” the company adopted the saying over a decade ago, before artificial intelligence was really in the conversation. It was meant to signal there were real humans behind the ideas. But now, the phrase has taken on new meaning. Genuine Fred does use AI as a tool, but Amendolara says people are still at the center of its design process. That made us wonder: Could human involvement be highlighted more by brands in the future? Marketplace's Stephanie Hughes discussed that with New York Institute of Technology professor Colleen Kirk, who has studied how people respond to marketing messages created by AI.

Nearly 600 Marketplace fans gathered at the Aratani Theatre in downtown Los Angeles to watch Kai Ryssdal present Marketplace Live, in partnership with LAist.Kai was joined onstage by economics author, educator, and content creator Kyla Scanlon to talk about AI, prediction markets, Federal Reserve independence, and the war in Iran. Later, former “Marketplace Morning Report” host David Brancaccio joined Kai to discuss his experience rebuilding after the LA fire and his new job as Marketplace senior correspondent covering future effects.Note: This show was recorded on March 29, and the situation in Iran has changed since then. Follow our latest coverage here.

Nearly 600 Marketplace fans gathered at the Aratani Theatre in downtown Los Angeles to watch Kai Ryssdal present Marketplace Live, in partnership with LAist.Kai was joined onstage by economics author, educator, and content creator Kyla Scanlon to talk about AI, prediction markets, Federal Reserve independence, and the war in Iran. Later, former “Marketplace Morning Report” host David Brancaccio joined Kai to discuss his experience rebuilding after the LA fire and his new job as Marketplace senior correspondent covering future effects.Note: This show was recorded on March 29, and the situation in Iran has changed since then. Follow our latest coverage here.

Nearly 600 Marketplace fans gathered at the Aratani Theatre in downtown Los Angeles to watch Kai Ryssdal present Marketplace Live, in partnership with LAist.Kai was joined onstage by economics author, educator, and content creator Kyla Scanlon to talk about AI, prediction markets, Federal Reserve independence, and the war in Iran. Later, former “Marketplace Morning Report” host David Brancaccio joined Kai to discuss his experience rebuilding after the LA fire and his new job as Marketplace senior correspondent covering future effects.Note: This show was recorded on March 29, and the situation in Iran has changed since then. Follow our latest coverage here.

Overall unemployment measured 4.3% in March, which is a sign of a fairly strong economy. A contradicting data point? The number of Americans who have been unemployed for more than six months grew 300,000 year-over-year. In this episode, a job hunt with no end in sight. Plus: The CPI shows still-high shelter inflation, composting finds its place in a trash-import state, and we recap the week's economic data.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

A lot of sci-fi is dystopian. Solarpunk flips that on its head. The subgenre imagines a brighter future where humans have fostered a better relationship with technology, the environment, and each other, in spite of climate disaster. On today's show, writer and academic Phoebe Wagner joins Kimberly to make us smart about solarpunk, its connection to the green energy transition, and why you should check it out if you want to shake off climate doom.Here's everything we talked about today:"Solarpunk: A Container for More Fertile Futures" from Solarpunk Magazine"Tired of Dystopian Sci-Fi? You Might Like Solarpunk." from Mother Jones"Sunshine and Seedlings" from Hydroponic Trash"Underground" from Tractor BeamChobani ad on YouTubeWe love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

David Brancaccio has hosted an estimated 16,925 morning shows over 13 years. Now, for his final time in the host chair, David shares snippets of discussions he's had throughout the years, including with experienced local Del Rio, Texas-based reporter Karen Gleason, Nobel laureate Paul Krugman, and actor and entrepreneur William Shatner. Also on the program, Princeton's Burton Malkiel addresses concerns and gives advice about a potential AI bubble.

For his second-to-last time hosting an episode of "Marketplace Morning Report," David Brancaccio spoke with the author of arguably the most influential book on personal finance and investing of all time. First published in 1973, "A Random Walk Down Wall Street" argues that it's super hard to beat the stock market. Its author, Burton Malkiel, is a Princeton professor emeritus and still going strong at 93. We have that conversation, as well as a preview of March's consumer price index.

This week, a Wisconsin city votes to restrict future data center development. Plus, the astronauts on Artemis II take their journey to social media. But first, Anthropic announced this week it has a new AI model called Claude Mythos Preview.The company says it's extremely good at finding security vulnerabilities. So good that Anthropic is not releasing the model to the general public. Instead, it is granting access to a group of over 40 companies and tech organizations, a collaboration called Project Glasswing.Marketplace's Stephanie Hughes spoke with Joanna Stern, founder of the media company New Things, to discuss all these topics and more.

The personal consumption expenditures report, which is the Fed's preferred measure of inflation, showed costs rose 2.8% year-over-year in Feburary. That's above the target, but never fear: Resilient consumers keep on spending, despite rising prices. What'll it take to shake things up? Also in this episode: A war-driven plastic shortage costs U.S. manufacturers, we give that GDP revision some context, and Kai visits a nuclear reactor.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

A series of suspiciously well-timed Iran war bets placed on Polymarket have revived concerns about insider trading on prediction markets. But enforcement is something of a gray area. Marketplace's Meghan McCarty Carino joins Kimberly to explain the relatively recent history of insider trading laws at the CFTC and what it could mean for prediction market platforms. Plus, the debate over whether insider trading on these markets is actually a good thing.

Today, we're returning to our 2019 Brains and Losses series, which investigated the financial exploitation of older Americans. In the years that have followed, AI has only made scams more convincing and easier to conduct. This morning, we're joined by an elder law attorney in Florida to hear how some pioneering laws there are aiming to stop scammers who prey on older people mid-swindle. Also, we're digging into the Federal Reserve's preferred measure of inflation, which remains stubbornly elevated.

In the 1960s, the German government put a tariff on American chickens. President Lyndon B. Johnson then retaliated with a tariff on light-duty commercial vehicles and trucks. The back-and-forth has come to define the U.S. auto sector. On this morning's show, why a veteran automotive CEO calls this chicken tax "one of the most important, formative aspects of how the U.S. industry has evolved." But first, markets try to guess whether the U.S.-Iran ceasefire will hold.

For years, consumers have worried about how the private sector — namely, big tech — handles their personal data. Now a new survey from the Center for Democracy & Technology suggests a large majority are also concerned about how the federal government uses their data.Marketplace's Meghan McCarty Carino spoke with Elizabeth Laird, director of equity in civic technology at CDT, to learn more.

Would you share your children's most intimate moments on social media if it meant you could make millions? Family influencers are building businesses around their kids, sharing everything from toddler meltdowns to puberty talks. For some families, that income is a lifeline. But it also raises difficult questions about privacy, money and parenthood.Reema talks with journalist Fortesa Latifi about her new book, “Like, Follow, Subscribe: Influencer Kids and the Cost of a Childhood Online.” Plus, we want to hear from you: as child care costs keep rising, have you or your partner considered becoming a stay-at-home parent? If so, what kind of financial factors are going into that decision? Let us know by calling 347-RING-TIU or emailing uncomfortable@marketplace.orgFollow us on Instagram and Tiktok!

The share of U.S. debt held by foreign countries has been shrinking. Foreign investors currently hold about 30% of federal public debt, down from nearly half. In today's episode, we explain why the rest of the world isn't picking up the U.S. tab anymore, and how that'll impact American consumers and businesses. Plus: Three tech giants are eyeing initial public offerings this year, and Delta Airlines reported high earnings — and higher fees. Also, before inflation reports drop this week, learn why the PCE is slower than CPI. And finally, discover this hidden driver of the music industry.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

As David Brancaccio winds down his tenure as host of the "Marketplace Morning Report," he's speaking with places of work he might have ended up at if he weren't a broadcast journalist. On today's show, we head to Bike Oven in Los Angeles, a co-op that aims to give you everything you need to learn how to fix your bike yourself. But first: an examination of oil prices and potential tariffs on countries sending weapons to Iran.

We are now into the first hours of a two-week ceasefire in the U.S.-Iran conflict. The wholesale price of oil has plunged nearly 16%. The New York price was pushing $118 yesterday; this morning, it's below $95 a barrel. While the war certainly isn't over, markets are celebrating the momentary relief. Then, we'll check in with both a New Mexico nonprofit and an AI firm to understand the region's K-shaped economy.

As humans have integrated artificial intelligence into their daily lives, there is growing concern that AI is doing the bulk of the thinking.According to the paper: “Thinking—Fast, Slow, and Artificial: How AI is Reshaping Human Reasoning and the Rise of Cognitive Surrender,” by Gideon Nave and Steven Shaw of the Wharton School of Business, they've deemed it a “cognitive surrender.”“Marketplace Tech” host Meghan McCarty Carino spoke with Shaw, a postdoctoral researcher at Wharton, about their findings and the possible impacts for the future human cognition.

Laws prohibiting insider trading in commodities markets — which could be applied to prediction market platforms like Kalshi and Polymarket — are more recent and untested than you might think. In this episode, we dig into two conflicting viewpoints: prediction markets as forecasting tools and prediction markets as regulated betting platforms. Plus: Durable goods orders continue a downward trend, the air travel industry weighs the role of small airports, and consumer inflation expectations rise. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Doorbell cameras, license plate readers, and social media platforms are just a few of the tech products that make up an ever-growing surveillance network in the United States. ICE's use of surveillance tools as part of its immigration crackdown has brought that into focus. On today's show, Kimberly talks with investigative journalist and co-founder of 404 Media Joseph Cox about the growth of the American surveillance state and simple steps you can take to protect your privacy.Here's everything we talked about today:"With Ring, American Consumers Built a Surveillance Dragnet" from 404 Media"Surveillance company Flock generates controversy, and L.A. customers" from The L.A. Times"Ring Ends Deal to Link Neighborhood Cameras After Backlash to Super Bowl Ad" from The New York Times"All the Ways Big Tech Fuels ICE and CBP" from Wired"Inside a Powerful Database ICE Uses to Identify and Deport People" from 404 MediaWe love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

Jamie Dimon, the CEO of JPMorgan Chase, put out his annual letter to shareholders this week. In it, the leader of the largest bank in North America outlined worries about persistently elevated inflation and the growing role of private credit. We'll unpack. Then, as part of our “Business Envy” series, we'll have a chat with the founder and CEO of a Maine-based rocket company looking to support research missions and a growing space economy.

Billionaire activist investor Bill Ackman is making a play for Taylor Swift's record label in a deal that Reuters values at around $64 billion. Ackman wants his investment firm, Pershing Square Capital Management, to take over Universal Music Group. This morning, we'll dig into the news. Then, we continue our trip along Route 66 and visit Northern Arizona University, which has designated this academic year the “Year of AI Empowerment.”

In the U.S., battery electric and plug-in hybrid cars have been more expensive than their gasoline-powered counterparts, costing about $8,000 more on average. Experts say EVs are poised to achieve price parity with internal-combustion engine vehicles in just a few years though, because the single costliest part of an EV — the battery that powers it — is getting cheaper.

Hello, Million Bazillionaires, we've got a new season of “Million Bazillion” coming your way on April 14!To mark the 10th season, Bridget and Ryan are going all out to answer your money questions. If you're wondering why gas prices keep going up? We've got answers. Curious what the fuss is about Tax Day? We've got that covered too. Plus, a special episode about the gold standard, recorded in front of a real live audience. If you're in or near the Boston area come see us live. Check our events page for ticket information.Don't forget to sign up for the “Million Bazillion” newsletter so you never miss an episode and get access to episode extras, including conversation starters for grownups and kids.New episodes drop every Tuesday starting April 14. Listen to a sneak peek above, get caught up on any episodes you may have missed and subscribe wherever you listen to podcasts!

We've got the first whiff of price growth as a result of President Donald Trump's war in the Middle East: A services sector purchasing index registered its highest reading since October 2022. Experts expect federal data out later this week to show a similar uptick in prices from February to March. And even if the war ends soon, that inflation could stick around. Also in this episode: The U.S. isn't likely to institute an oil price cap, HSAs remain an imperfect savings tool, and more shoppers opt for secondhand clothing.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The price of crude oil is fluctuating this morning. This comes after oil producers at OPEC+ agreed to slightly increase production over the weekend. We give you the facts. Plus, a preview of Thursday's GDP revision. Also, “Marketplace Morning Report” host David Brancaccio speaks with the majority owner of a coffee roasting company.

To see the U.S. economy in 3D, you gotta hit the open road. 100 years after the iconic highway was built, “Marketplace Morning Report” host David Brancaccio kicks off his final week in the host chair with his journey on Route 66. His trip begins in Santa Monica, California. Along the way, he speaks with local business owners about the precarious job market, changing landscapes, and why one particular stop is a hit with French tourists.

Four months after Australia's landmark law that banned all minors under the age of 16 from creating or owning social media accounts, the California legislature is trying to follow suit.But free speech advocates worry that these laws will infringe on the First Amendment rights of many kids and even adults. However, Aaron Mackey, the free speech and transparency litigation director at the nonprofit Electronic Frontier Foundation, says there is growing sentiment to regulate and protect children from the harms of social media. “Marketplace Tech” host Meghan McCarty Carino spoke with Mackey about how we can still protect kids and consumers without restricting free speech.