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All that space Bed Bath & Beyond will leave behind

Marketplace

Marketplace

News, Business

4.68.5K Ratings

🗓️ 24 April 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Sales of high-thread-count sheets and countertop appliances weren’t enough to save Bed Bath & Beyond, which filed for bankruptcy this weekend. What’s to become of all those soon-to-be-empty strip mall storefronts? Plus, why the dollar is dragging, what happened to Alibaba’s Jack Ma and lessons in college credit card debt courtesy of Yanely Espinal, host of Marketplace’s new financial literacy podcast, “Financially Inclined.”

Transcript

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0:00.0

Parents and guardians listen up Marketplace has a new podcast called

0:03.8

Financially Inclined, hosted by Yinelli Espinal that's all about money lessons for living life

0:09.5

your own way. Financially Inclined is presented in partnership with Green Light,

0:14.0

the Money App for Teens with Investing. Listen now to episodes in your favorite podcast app.

0:21.4

Another day, another dollar decline for businesses. That's a two-sided coin.

0:27.6

From American Public Media, this is Marketplace.

0:40.4

In Baltimore, I'm Amy Scott in Forkye Ristall. It's Monday, April 24th. Good to have you with us.

0:47.4

The week just begun is a big one for corporate earnings. We'll hear from a lot of tech companies

0:52.9

in particular, including Alphabet, Microsoft, Meta, and Amazon, but also UPS, PepsiCo, and Boeing.

1:01.2

Analysts tuning in, the earning calls will be listening for any color on job cuts and the prospects

1:06.7

of a recession. One factor that could be boosting profits at many big US companies this year is

1:12.9

the weakening dollar. Marketplace's Justin Ho has more. Up until around last September,

1:18.4

the dollar's value had been rising. That's because a lot of investors were buying US government

1:23.0

bonds, which paid more interest, thanks to the Federal Reserve's rate hikes. But when we enter the,

1:28.1

you know, later part of 2022, when we go into that fourth quarter, all of a sudden,

1:32.3

the other central banks begin to catch up. That's Christopher Vecchio, head of futures in foreign

1:36.7

exchange at the options researcher Tasty Life. The dollar's value has been falling in the time

1:41.4

since, especially since this year, the Federal Reserve is slowing down its rate hikes.

1:45.8

And now we're seeing other central banks like the ECB and perhaps even the Bank of England,

1:50.5

having to do a little bit more to fight inflation than previously anticipated.

1:54.2

A weaker US dollar makes American products more competitive overseas.

1:58.3

Santos Rau and Manhattan Venture Partners says companies also get more dollars when they bring

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