Marketplace goes to a marketplace
Marketplace All-in-One
Marketplace
4.5 • 1.4K 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
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| 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 from your kids, right? But not to worry. Million Bizzillion A podcast from Marketplace has you covered. I'm Bridget Bodner and with my co-host, Ryan Perez, we take you and your young ones on grand adventures and comedic sing-alongs to answer all the questions your little ones have about money. |
| 1:43.1 | Join us as we explain how banks work, |
| 1:45.5 | why name brands are more expensive, and what happened to Black Friday sales. Listen to Million |
| 1:50.2 | Bizzillion wherever you get your podcasts. We call ourselves Marketplace, so part of our job is |
| 1:57.8 | exploring how marketplaces work in all their forms, knowing a bruising election season would require a change of pace the week that followed here. I set out to visit five markets, all in the near orbit of this program's world headquarters in Los Angeles. None are financial markets in a formal sense, but all markets are financial markets in a way, right? My goal was to learn the right and the wrong moves with an expert. |
| 2:20.9 | Today, Tricks of the Trade in one of the great bazaars in America, the Rose Bowl flea market |
| 2:26.5 | in Pasadena, California. |
| 2:29.1 | All right, going through the entrance now into the Great Emporium. |
| 2:37.6 | It's a perfect morning. There's no hint that in about hour and a half, it's going to be 117 degrees. This stadium for the big New Year's Day game has more than |
| 2:44.4 | 89,000 seats. So imagine its massive parking lot filled with sellers of vintage everything. A beer tray from the |
| 2:52.8 | 1984 L.A. Olympics, a century-old Russian dress. I have a good old-fashioned market cart. It's like an |
| 3:01.0 | appendage when you come to the market. Meet our guide, Annette Vartagnan, who has 84,000 followers |
| 3:07.4 | at Vintage Splendor on Instagram, |
| 3:09.9 | showing off her flea market skills with some shopping on assignment from clients thrown in. |
| 3:15.0 | She's got a white straw boater hat for the sun, that card, and actual cash. |
... |
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