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Marketplace

Women deserve credit

Marketplace

Marketplace

News, Business

4.68.5K Ratings

🗓️ 21 October 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Half a century has passed since the Equal Credit Opportunity Act was enacted, guaranteeing women equal access to credit. In this episode, we look back on gender-based credit discrimination and discuss other forms of lending bias that still exist today. Plus: What’s at stake for Boeing as machinists vote on a tentative contract, the tipped minimum wage is on the ballot and the value of the U.S. dollar goes under the microscope during corporate earnings season.

Transcript

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0:00.0

We'll talk about earnings,

0:03.0

talk about access to credit,

0:04.7

and we'll talk about cute storybook cottages.

0:07.9

From American public media, this is Marketplace. place. New York, I'm Kristen Schwab in for Kyra's doll. It's Monday, October 21st, thanks for joining.

0:26.4

This week's corporate earnings calendar is very full. We'll hear from 3M, Coca-Cola,

0:32.2

Tesla, IBM, and some 1,600 other companies on how they did in the most recent quarter.

0:38.6

There's always a consumer focus in these reports.

0:41.6

Analysts will be listening for whether people are still spending. But another theme that's likely to come up is the value of the US dollar and how that impacts company's profits.

0:52.6

For some foreshadowing, last week Proctor and Gamble said it's more optimistic about foreign

0:57.8

exchange than it was earlier in the year.

1:00.6

And as Marketplace's Justin Ho reports, the dollar's value could help out a lot of companies in the near future.

1:07.0

Companies care about the dollar's value because when it rises, it affects their sales overseas.

1:12.0

Ultimately, a strong dollar makes that weak in terms of revenue.

1:17.0

That's Dan Ives, managing director with Wedbush securities.

1:21.0

He says those companies have to bring that revenue back home.

1:23.7

And if the dollar is strong, those foreign sales just don't go as far back in the US.

1:28.5

That's something that ultimately becomes a headwind for companies with a stronger dollar.

1:33.4

The dollar's value shot up back when the Federal Reserve started raising interest rates

1:37.4

in 2022.

1:38.8

Back then, the U.S. economy was hot, and foreign investors were piling in the government bonds which you need

1:44.7

dollars to buy. But Nick Benenbrooke, international economists with Wells Fargo, says

1:49.6

now? We're seeing somewhat slower job growth, somewhat slower economic growth, and the US

...

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