4.8 • 1.3K Ratings
🗓️ 7 August 2025
⏱️ 7 minutes
🧾️ Download transcript
You can use buy now, pay later for almost anything — a couch, new clothes, groceries. FICO now says it will unveil a new version of its credit score this fall, which would include BNPL. But at least two of the big companies that offer these microloans want to know more before sharing data with credit bureaus. Also today: presidential calls for leadership changes at Intel, data on job-finding, and a tariff-squeezed building contractor.
Click on a timestamp to play from that location
0:00.0 | President Trump calls for an immediate change in leadership at a top U.S. company. |
0:07.5 | I'm David Brancaccio in Los Angeles. There's news this morning. President Trump has called for the immediate resignation of the newish CEO of Microchip Giant Intel Corporation. |
0:18.3 | Republican Senator John Cornyn of Texas has raised issues about Lip Bhutan's ties to Chinese companies. Tan had been brought in to fix Intel, which is lagged as rival firms have surged ahead amid the artificial intelligence wave. He's not yet responded to the conflict of interest claim. Trump posted there's no other way than the CEO resigning. |
0:38.7 | Intel stock is down 2% right now. We're also keeping an eye on data showing it is taking longer for people to find jobs. |
0:46.3 | Diane Swung, Chief Economist at KPMG. In the month of July, we saw a week longer in the search for a job from June. That's a big jump in one month's time. |
0:56.5 | And what we're seeing as well is the ranks of the long-term unemployed. Those are people |
1:00.4 | who are unemployed for more than 27 weeks are rising as a share of the overall labor force. |
1:06.3 | That usually only happens after we've entered a recession. Now we know a lot of things about the labor |
1:12.8 | market and where we are today post-pandemic is very different than what we saw pre-pendemic. We know |
1:19.4 | that the supply of workers has slowed down along with the demand for workers, which has kept |
1:24.1 | the unemployment rate at historic lows. That's the good news. The bad news is that when |
1:28.8 | you look underneath the cover of that data, it reveals a hard time for those people who don't |
1:35.1 | already have a job. Economist Diane Swank. The stock market is now open for the day, and the Dow is up |
1:41.2 | 157 points, 4 tenths percent. The S&P up 5 tenths percent. The NASDAQ is up |
1:46.1 | nine-tenths of a percent. Two companies that offer popular instant microloans want to know more |
1:52.4 | before they furnish data on their customers to a big credit score company. FICO is set to revamp |
1:58.7 | its system to include by now Pay Later activity in formulating |
2:02.5 | consumer scores. Marketplaces Samantha Fields has that. You can use Buy Now Pay Later for almost anything. |
2:09.3 | A couch, new clothes, groceries. Just walk into a store or go online, pick what you want, and check out. |
2:15.7 | No credit card, no money down. These are very short-term |
2:18.9 | loans. They're usually paid off very quickly. Chi-Ci-Woo at the National Consumer Law Center |
2:25.2 | says people often take out a bunch of BNPL loans for a bunch of small purchases, |
... |
Transcript will be available on the free plan in 4 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.