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Marketplace Morning Report

Marketplace goes to a marketplace

Marketplace Morning Report

Marketplace

Business, News

4.5928 Ratings

🗓️ 11 November 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

At Marketplace, it’s our job to explain how marketplaces work. This week, we’re turning from traditional stock and financial markets to the in-person kind. As part of our new “Tricks of the Trade” series, we’re heading to five different markets in LA. Today, we’re taught how to navigate The Rose Bowl Flea Market by a pro. But first, we’ll look at how president-elect Donald Trump’s fiscal policies could impact government finances.

Transcript

Click on a timestamp to play from that location

0:00.0

In a few minutes, Marketplace goes to a Marketplace to start a series to try to reward you for getting through a fraught election season, whatever your politics.

0:10.8

First, a Wall Street Credit Rating Agency has a new calculation saying the U.S. government's finances could deteriorate if President-elect Donald Trump implements the fiscal policies on which he campaigned.

0:22.7

Here's Marketplace's Novosopo.

0:24.7

Moody says Donald Trump's campaign promises, such as more tax cuts, are increasing the risks associated with U.S. sovereign debt because they could blow a hole in the federal budget.

0:34.9

The nonpartisan committee for a responsible federal budget found

0:38.1

the tax cuts could add $7.5 trillion to the nation's debt over the next decade. Moody's is the last

0:44.9

of the three main credit rating agencies to maintain a top rating for U.S. government debt. Others

0:50.5

downgraded after repeated debt ceiling fights. But Moody's has been reviewing its rating, and a downgrade to make sure your team does it well.

1:29.8

Enter Grammarly. Grammarly's AI helps teams communicate clearly the first time.

1:35.5

It shows you how to make words resonate with your audience, helps with brainstorming,

1:39.3

and lets you instantly create in revised drafts in just one click.

1:43.2

Join the 70,000 teams and 30 million people who use Gramerly to move work forward. Go to Gramerly.com slash enterprise to learn more. Gramerly, Enterprise Ready, AI.

1:55.0

We call ourselves Marketplace, so part of our job is exploring how marketplaces work in all their forms, knowing a

2:02.2

bruising election season would require a change of pace the week that followed here.

2:06.4

I set out to visit five markets, all in the near orbit of this program's world headquarters

2:10.9

in Los Angeles. None are financial markets in a formal sense, but all markets are financial

2:16.0

markets in a way, right?

2:20.9

My goal was to learn the right and the wrong moves with an expert.

2:24.8

Today, Tricks of the Trade in one of the great bazaars in America,

2:28.2

the Rose Bowl flea market in Pasadena, California.

2:33.8

All right, going through the entrance now into the Great Emporium.

2:35.6

It's a perfect morning.

...

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