Marketplace Morning Report

What’s the link between good weather and job creation? A bipartisan coalition of senators pushes legislation to help compete with Chinese tech giant Huawei. Plus, new SAG-AFTRA Foundation President Courtney B. Vance talks about diversity and his work helping struggling and out-of-work actors.

The job market is tight, but people aren’t working as many hours and are earning less. Credit Suisse’s CEO resigns amid a spying scandal. Plus, the coronavirus outbreak is having far-reaching economic effects outside of China.

From the BBC World Service… Ireland goes to the polls on Saturday, and voters are unhappy about a growing housing and homelessness crisis. Factories and pubs are being forced to close because of the coronavirus outbreak in China. Plus, one of the weirdest items in the Oscars gift bag is a urine collection device called Peezy.

It turns out the U.S. government over-counted the number of new jobs in recent years by about half a million. Apple is looking for news legitimacy with its Dem debate gambit. Plus, what introductory economics courses miss by focusing on traditional models.

China is cutting tariffs on U.S. goods. The cost of pensions is going up in California. Plus, as part of our “Econ Extra Credit” series, a look at what caused the economic explosion of the 19th century. Hint: it wasn’t capitalism.

From the BBC World Service… China’s biggest online travel firm Ctrip is working around the clock to cope with the chaos and cancellations due to the coronavirus outbreak. China is lowering tariffs on 1,700 U.S. goods on Valentine’s Day. Plus, Huawei sues Verizon over technology patents. And is the U.K.’s green aviation target of zero carbon emissions by 2050 achievable?

An economist agrees with the president’s optimism in the State of the Union address but warns about potential trouble ahead. The prosperity touted in Trump’s speech isn’t really being shared by everyone and is not all due to him. Plus, Macy’s is having to downsize.

We fact-check President Trump’s claims from his State of the Union address, including his assertion about a blue collar boom. Plus, why a lower U.S. trade deficit is not necessarily a good thing.

From the BBC World Service… Leisure cruise companies are under pressure after ships are quarantined over the coronavirus. Cathay Pacific asks its staff to take unpaid leave, as the airline struggles to deal with dual effects of the virus outbreak and unrest in Hong Kong. Plus, Europe’s largest train station gets a makeover.

Global markets rebounded Tuesday after the coronavirus spooked investors. Plus, can Penske’s acquisition of the IndyCar series bring in viewers and, just as importantly, financial backers?