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Marketplace Morning Report

How to freeze out scammers

Marketplace Morning Report

Marketplace

Business, News

4.5927 Ratings

🗓️ 9 April 2026

⏱️ 8 minutes

🧾️ Download transcript

Summary

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.

Transcript

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0:00.0

Florida's pioneering laws to stop scammers who prey on older people.

0:07.0

I'm David Brancaccio in Los Angeles. First, the Federal Reserve's preferred measure of inflation remained elevated.

0:13.7

It went up four-tenths of a percent in February. The report also shows prices went up 2.8 percent in a year.

0:20.3

Higher inflation than economists see is healthy.

0:22.8

Diane Swank is chief economist at KPMG. The better gauge of momentum is really the three-month

0:28.8

annualized increase and six-month annualized increase because this is momentum that the Fed is

0:33.8

watching closely and those are accelerating. We also saw the largest increase in

0:38.9

core goods prices that's stripping out, you know, food and energy that we've seen since the onset

0:45.0

of the pandemic inflation in early 2022. So this is all very hard for the Federal Reserve,

0:51.4

which is weighing whether or not its next move will be up instead of down on rates.

0:58.3

This isn't a central tool If you're a business leader, Intuit QuickBooks Payroll is an essential tool that completely integrates payroll, time tracking, HR, and your financials in a powerful all-in-one command center.

1:38.3

No more juggling platforms or switching between vendors. All your data synced into one platform offering clarity and confidence

1:45.8

to make smarter decisions and focus on what matters. This summer, QuickBooks Payroll evolves

1:51.8

to support the entire team life cycle, HR, time, benefits, and payroll all working together

1:57.8

in one connected system that fully integrates with your books. You'll be able to onboard employees in one seamless flow that, you'll be able to onboard employees in one connected system that fully integrates with your books.

2:01.6

You'll be able to onboard employees in one seamless flow that feeds directly into payroll,

2:06.8

configure automated HR workflows for things like promotions or offboarding,

2:10.9

and track performance, time off, and benefits alongside payroll.

2:15.3

Upgrade your workflow with QuickBooks payroll today and get ready for

2:19.0

the brand new tools coming soon. More at QuickBooks.com slash workforce. That's quickbooks.com

2:26.4

slash workforce. There is scientific evidence that as we age, our brains may physically change

2:33.3

in a way that makes some but not all of us more vulnerable to financial exploitation. In 2019 here, I did a deep dive into a subject that we called brains and losses. As part of that 18-month investigation, I spent time with a school nurse still working then at age 79 who'd lost $200,000 to fraudsters who kept calling

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