Marketplace All-in-One

We consult Lindsey Piegza of Stifel as the markets, especially the tech-filled Nasdaq, are reeling from a selloff that’s been going on for five weeks. What’s going on? Also, we look into why oil appears to be cheaper, but not the retail gasoline we’re buying at the pump. And, banks are keeping an eye out for signs of future loan defaults as consumer credit is on the rise.

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From the BBC World Service: Prince Charles is to read the Queen’s Speech on her behalf for the first time, after the 96-year-old monarch pulled out due to mobility problems. Plus, Sri Lanka’s prime minister resigns after months of sometimes violent protests over his handling of the country’s worst economic crisis in history.

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California is entering its third year of drought, and that has farmers in the state’s Central Valley concerned about an already burdened food system. The Central Valley produces about a quarter of the food in the United States. We spoke to a farmer about the obstacles he faces. How is Wall Street recovering after weeks of tech stocks taking a beating? On the heels of the Kentucky Derby, we look into the economics behind investing in racehorses.

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Artificial intelligence has changed our world in major ways: autonomous vehicles, speech-recognition technology and algorithms that change what we see and hear on social media platforms. But the technology and data fueling AI is often powered by low-paid workers, particularly in the Global South. Some academics describes this as AI colonialism, suggesting that AI development is repeating exploitative colonial history. Marketplace’s Kimberly Adams speaks with journalist Karen Hao, who recently published a series about AI colonialism in MIT Technology Review.

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Today we talk about a potential win for privacy advocates, as facial recognition company Clearview AI reaches a settlement with the American Civil Liberties Union. But we still have questions. Another new story with a lot of questions? Crypto, of course. We’re still skeptical about the stability of cryptocurrency, but that hasn’t stopped investors and others from jumping right in. We’ll discuss what has us … a little nervous.

Here’s everything we talked about on the show today:

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Have a question or comment about something you heard on the show? Email us at [email protected] or leave us a voice message at 508-827-6278, or 508-U-B-SMART.

In the early days of the pandemic, China’s “zero-COVID” policy served the country pretty well. But in the omicron era, it’s putting strain on employment, supply chains and the global economy overall. On today’s show, we’ll look into it. Plus: Shein’s ultrafast fashion, Texas’ rolling blackouts and one couple’s money fight that ended up being about so much more.

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A sharp decline in immigration to the U.S. could be contributing to the country’s labor shortage. According to research from economists at the University of California, Davis, the country had 2 million fewer working-age immigrants at the end of 2021 than it would have had if pre-pandemic immigration trends had continued. We spoke to Marketplace senior economics contributor Chris Farrell about the consequences of the decline in immigration. Plus, we talk to Julia Coronado, founder of MacroPolicy Perspectives, about what’s driving the latest market volatility. And, how far does the U.S. economy have to go before it makes up all of the jobs that were lost to the pandemic?

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Abortion rights groups had already planned to ramp up spending ahead of the 2022 midterm elections. And that was before the leak of the draft Supreme Court opinion on abortion, which could now further change things. We spoke to Mary Ziegler, a visiting professor at Harvard Law School, about the future of these lobbying for abortion rights and anti-abortion groups. Plus, the White House unveiled a plan this morning to connect more Americans to high-speed internet as part of the bipartisan infrastructure law.

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From the BBC World Service: The annual event serves as a reminder of the 27 million Soviet citizens who died during World War II. President Putin took the opportunity to justify his invasion of Ukraine, which is squeezing the finances of ordinary Russians. Plus, China’s export growth is slowing. And, as people in the Philippines cast their votes, we hear about the economic challenges facing the country’s next President.

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Using passwords as a way to prove your identity online, though ubiquitous, has several downsides. People forget them and, if they aren’t strong enough, passwords can be guessed by criminals. Last week, Apple, Google and Microsoft announced plans to work together on a “passwordless” authentication system for their various browsers, services and devices. The cross-platform collaboration is expected to start rolling out over the next year. The companies say they will support Fast Identity Online (FIDO) protocols across their most commonly used products. Marketplace’s Kimberly Adams speaks with Kim Zetter, cybersecurity journalist and author, about this collaboration.