Economy & Business

Business news

Trump vs. Boeing and the real cost of Air Force One

Dec 6, 2016
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Kai Ryssdal and Andrea Seabrook

Donald Trump says the U.S. is paying too much for its Air Force One program. Kai and Andrea talk with Gregory Sanders of the Center for Strategic and International Studies about what makes Air Force One so expensive and what Trump's tweets may tell us about his views on defense spending. 

On today's show, we'll talk about Trump's call for the government to cancel a Boeing contract for a new Air Force One plane; division among Republicans over Trump's 35 percent tariff plan; and the future of trade between Mexico and the U.S. 

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D Gorenstein

Trump's stance on tariffs divides Republicans

Dec 6, 2016
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Andy Uhler

Donald Trump promised big changes in America's trade policy, and as president-elect he's busy tweeting about it. Over the weekend, he warned that companies that move production out of the United States could face a 35 percent fine on things they sell here. But now some Republican leaders are suggesting they might not be on board with this approach. It represents a distinct split within the Republican party. Representative Kevin McCarthy, a Republican from California, reacted to Trump's tweet by telling reporters he "didn't want to get into some kind of trade war."

Mexico ponders the future of trade with the U.S.

Dec 6, 2016
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Lorne Matalon

Mexicans are anxious about the future of  the North American Free Trade Act, and how the incoming administration of U.S. President-elect Donald Trump may seek to change or even withdraw from the agreement.

Mexican officials are now speaking with Asian nations about how trade between Mexico and Asia might change in a post-NAFTA era.

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Adam Allington

The web retailer Amazon has just launched something sure to draw the attention of shoppers — a cashier-free grocery store.

It’s called “Amazon Go,” and the big idea is that shoppers can just grab the items they want and leave. Kind of like Uber for grocery shopping. Analysts believe the concept has the potential to change the face of retail.

Click the above audio player to hear the full story. 

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Marketplace

On today's show, we'll discuss how the Republican leadership feels about Trump's proposal for a 35 percent tariff; the president-elect's relationship with corporate America; and news that Lego's CEO has decided to step down. 

Marketplace Tech for Tuesday, December 6, 2016

Dec 5, 2016
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Marketplace

Since her son Tommy went to jail, Dawn Herbert has been trying to see him as much as she can. He's incarcerated less than a 10-minute drive from her house in Keene, N.H. But he might as well be a lot farther.

"He's in that building and I can't get to him," Herbert says.

Dawn's visits probably don't look like what one might picture, where she's sitting across a table, or behind a pane of Plexiglas looking at and talking to her son.

More and more of the things we use every day are being connected to the Internet.

The term for these Internet-enabled devices — like connected cars and home appliances — is the Internet of things. They promise to make life more convenient, but these devices are also vulnerable to hacking.

Security technologist Bruce Schneier told NPR's Audie Cornish that while hacking someone's emails or banking information can be embarrassing or costly, hacking the Internet of things could be dangerous.

Updated at 10:15 a.m. ET on Dec. 6

The chairman of the Standing Rock Sioux tribe in North Dakota is asking people camping near the route of the Dakota Access Pipeline to go home.

"I'm asking them to go," Dave Archambault III told Reuters on Monday, saying that the Obama administration "did the right thing," and that he hoped to "educate the incoming administration" of President-elect Donald Trump.

"Nothing will happen this winter," he said.

Inside Mongolia's largest open-air market in the capital city of Ulaanbaatar, it doesn't feel like the economy is on the brink of collapse. Alleyways are packed with people selling carpets, fabric, clothes and nearly anything else you could think of.

But vendors here have had a front-row seat to an economy that has quickly gone from the world's fastest growing to one of the slowest. Everyone here seems to have a riches-to-rags story.

Chart of the day: Consumer spending is up

Dec 5, 2016

Italian Prime Minister Matteo Renzi resigns

Dec 5, 2016
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Kai Ryssdal

After one of the founders of Corona beer died last summer at age 98, some news went viral: In his will, he'd apparently left his fortune to the tiny, hardscrabble village in northern Spain where he was born. Each resident — mostly retired farmers and miners of meager means — would receive more than $2 million.

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