Your car company also wants to be your bank
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 23 January 2026
⏱️ 27 minutes
🧾️ Download transcript
Summary
The FDIC has approved proposals by GM and Ford to launch their own banking units. That means the automakers will be able to provide their own auto loans to customers. In this episode, a confluence of market conditions drove Ford and GM into banking. Plus: The Super Bowl of livestock shows highlights high cattle prices, changes to online search behavior affects digital ad revenue, and “Marketplace” host Amy Scott talks to Jordyn Holman at the New York Times and David Gura at Bloomberg about the week’s economic headlines.
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Transcript
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| 0:00.0 | At Pluralsight, we don't just teach skills. |
| 0:02.8 | We are building the tech workforce who deliver results fast, accelerated by top-tier content. |
| 0:08.6 | Lead with confidence, lead with expertise. |
| 0:11.1 | Visit us at Pluralsight.com to tap in and learn more. |
| 0:16.6 | The state of the new world economic order post-davos, advertisers adapt to AI, plus a visit to the cattle auction from American Public Media. |
| 0:28.9 | This is Marketplace. |
| 0:35.2 | In Denver, I'm Amy Scott in for Kai Rizdahl. It is Friday the 23rd of January. Good to have you with us. |
| 0:47.7 | The World Economic Forum wrapped up in Davos, Switzerland today after a week of fiery speeches, |
| 0:57.3 | behind-the-scenes diplomacy, and general hobnobbing among the global business and economic elite. So with us to talk about what went down |
| 1:03.5 | and the rest of the week's business and economic news are Jordan Holman of the New York Times, |
| 1:08.5 | speaking to us from Davos, and Bloomberg's David Gura in New York, |
| 1:12.7 | right, David? That's right. Hey, Amy. Hey, thanks for being here, both of you. So Jordan, as I said, |
| 1:19.5 | you are in Davos. You've been talking all week with CEOs there. What have you been hearing? |
| 1:26.0 | Yeah, so the week started off with everyone thinking the topic to juror would be AI. |
| 1:30.3 | It quickly turned into geopolitics as Greenland became a topic for President Trump, and then everyone |
| 1:37.4 | just started anticipating his arrival. So I really wanted to understand what CEOs |
| 1:43.1 | care most about, and it's really across the spectrum. |
| 1:45.7 | But the main thing was that there's so much uncertainty not knowing how they should make investments, |
| 1:51.6 | not knowing what our relationship with Europe would be. And I had the chance to talk with European CEOs |
| 1:56.8 | who especially were concerned about the future relationship with the United States. |
| 2:03.6 | Yeah, well, David, of course, the theme we were hearing back home from Davos has been what |
| 2:09.7 | Canadian Prime Minister Mark Carney called a rupture in the world order as the United States |
... |
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