Marketplace All-in-One

Teachers and other education workers are up against pandemic burnout, understaffed schools and wages that aren’t keeping up with inflation. As a result, a recent study has revealed that job satisfaction among those in the profession is at its lowest levels, forcing already-burdened teachers to leave at record rates. U.S. Treasury Secretary Janet Yellen called on other nations to combat global hunger before the G-7 meeting. Christopher Low joins us to discuss the morning’s market behavior.

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President Biden is in South Korea today, the first of a five-day Asia tour. His first stop? A Samsung computer chip factory. A similar one is to be built in Texas. The president is using his visit to the Samsung plant to push lawmakers here in the U.S. to provide billions of dollars in funding for domestic chip manufacturing. Big retailers are reporting that their loads of surplus inventory are cutting into their profits. We dive into the story of a lawsuit from the descendants of Henrietta Lacks, a Black woman whose cancer cells were taken without her consent and used in the creation of vaccines and other materials that led to billions in profits for pharmaceutical companies. The case explores a variety of ethical questions.

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From the BBC World Service: Canada says it will ban two of China’s biggest telecoms equipment makers, Huawei and ZTE, from working on its 5G phone networks. Also, the BBC visits the Ukrainian port city of Odessa to hear how grain exports are being blocked by Russia, and the Bank of England’s efforts to improve financial literacy, one Beanie Baby at a time.

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Thinking of buying an electric vehicle? Well, be prepared to wait in line. Demand for electric cars is so hot, companies like Volkswagen are sold out for the rest of the year. But, some see opportunity in another sector of the market: converting classic cars into electric vehicles. Marketplace’s Andy Uhler reports on companies doing just that.

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This Thursday, we talk about the news that home sales slowed in April, though prices still set records. And, the Joe Biden administration tries to increase the supply of baby formula using the Defense Production Act. It’s a welcome help to parents, but how did we get here? Plus, more stories from Ukraine that show the toll of the war. We’ll see you tomorrow for Economics on Tap, but before then, we share what geopolitical alliances and beer have in common.

Here’s everything we talked about today:

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Join us Friday for Economics on Tap. We’ll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

Then comes the upkeep. Authorities have confiscated roughly a dozen vessels with connections to the Kremlin, but to keep just one superyacht moored and maintained can cost tens of millions, and the arresting government has to foot the bill. Plus, retailers are stuck with too much inventory, farmers encounter a delayed planting season and classic cars are being electrified.

Hey Million Bazillionaires! We’re coming back soon for an all-new season of “Million Bazillion,” answering the questions you have about money! This season, Bridget’s joined by a new co-host, Ryan, and they need your help! With the permission of your grown-ups, we’d love to hear your money jokes, money poems and best money tips so we can feature them on the podcast!

Send them to us using this online form. We can’t wait to hear from you!

Last week, we followed Stephanie Stone’s years long journey to find her late brother Michael’s gravesite. This week, our team picks up the search. Along the way, we learned a lot about what happens to the thousands of people who die indigent and go unclaimed every year in this U.S. Later, Reema travels to Austin with Stone and a Texas bureaucrat who goes above and beyond to help families find closure.

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How much impact will inflation have on profits? Will higher interest rates lead a recession? Investors are getting out of stocks at a rate that’s causing the markets to fall at concerning levels. To navigate through some of this, we consult with Barry Ritholtz, a veteran who has seen it all. Also, companies have been trying to get employees back into the office, at least a few days a week. But rising COVID infection rates are frustrating some of those efforts. We look into the return of tourism, which can be an economic driver for lots of places – but also a source of disruption.

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But first … we attempt to put yesterday’s down market numbers into context, even though the market doesn’t appear any better this morning. The Department of Education is offering guidance on how colleges can utilize government funding to address the mental health of students. Marketplace’s Stephanie Hughes just spoke with U.S. Secretary of Education Miguel Cardona about this, and we have some of the highlights of their discussion. Plus, China’s COVID lockdowns in its largest port cities triggered concerns about even more disruptions to the already-burdened global supply chain. But in our discussion with Gene Seroka, the executive director of the Port of Los Angeles, that hasn’t happened. We spoke to Seroka about the various challenges the port has been facing.

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