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Marketplace All-in-One

Germany goes on defense

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 13 February 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Earlier this morning, the Senate approved a $95 billion aid package for Israel and Ukraine. Meanwhile, German Chancellor Olaf Scholz says Europe’s defense industries must switch toward arms productions. Manufacturers are struggling to meet demand for ammunition, as the war in Ukraine continues and fears of what another Donald Trump presidency could mean for U.S.-Europe security ties are renewed. Also: inflation lingers, and Airbnb adds yet another fee.

Transcript

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0:00.0

Inflation is lingering. I'm David Brancaccio. Prices in January went up slightly more than expected up 3 tenths versus 2 tenths of a percent forecast. Year over year prices are up 3.1 percent. The pros like to

0:16.1

set aside food and energy prices and there over 12 months core prices have gone up

0:21.3

nearly 4%.

0:23.0

Jeffrey Cleveland is chief economist at Payton in regal in Los Angeles.

0:26.0

Poor CPI, right around 3.9, I think, it is a bit too high to justify or ratify rate cuts. It will take a bit more time for inflation to cool off.

0:36.4

Seeing a notable reaction in the what we call the front end of the US Treasury market so two year

0:42.2

yields are up this morning in

0:44.0

reaction just recognizing that yes policy rates may remain higher for for longer

0:50.0

you might I guess be wondering well what's driving this and shelter component is a part of it

0:56.2

but also if you exclude housing that sub-component was up 0.9% on the month David which was the strongest reading on that in about two years.

1:06.0

So even excluding shelter, you're still seeing some price pressures out there for the average

1:10.9

consumer.

1:12.1

Airbnb will publish its quarterly results today.

1:15.0

Short-term rentals boomed with the rise of remote work, right?

1:18.0

But hosts and travelers have chafed at rising costs in recent years,

1:22.0

and now the company is making a push to expand internationally

1:25.3

and adding on a 2% fee for properties booked in a different currency.

1:30.8

Marketplace's Megan McCarty Carino reports.

1:33.2

It's getting harder to compare Airbnb and hotel rates, says Henry Hartevelts, a travel industry analyst.

1:40.0

It's apples to zucchini.

1:42.0

I mean, they're just so very different.

1:44.0

Hotels have those resort fees for everything from Wi-Fi access to coffee makers.

...

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