Marketplace Morning Report

The trade war will slow trade growth this year. Parents are saving for their kids’ college, but it still might not be enough. Plus, Credit Suisse’s COO resigns after he spied on another executive.

Republican Congressman Chris Collins resigns amid accusations of insider trading. We take a look at China’s slowing economy through the eyes of shoemakers. Plus, the consequences of online union busting.

From the BBC World Service… A senior executive resigns from Switzerland’s second-biggest investment bank over allegations of spying on his colleague. Japan’s controversial sales tax increase is finally implemented to try to cut its huge public debt. Plus, as China celebrates the 70th anniversary of Communist rule, we explore how the country’s car industry is reflective of its changing economy.

Are stable markets the quiet before the impeachment storm? China turns 70 as its economy sees slowing. Facebook’s digital currency faces a delay.

Fast fashion retailer Forever 21 files for bankruptcy. Businesses chafe at new employee data reporting meant to close the pay gap for women and minorities. Plus, Canadian farmers struggle without the huge Chinese market, and they suspect it has to do with retaliation from Huawei.

From the BBC World Service… Saudi Arabia’s Crown Prince claims that oil prices could become “unimaginably high” if Iran is not contained. The Kingdom is also trying to lure more international tourists to its first resort open to non-Muslims. Plus, as India’s domestic onion prices hit eye-watering high levels due to a supply shortage and hoarding, the government is banning exports of the root vegetable.

Consumer confidence looks to be waning. We look at “climate capitalists” — and the Pope — are going green. Plus, bills are adding up for GM and strikers during this work stoppage.

How likely is another government shutdown with impeachment gridlock? The CEO of IEX explains why they got out of the stock exchange business. Plus, Saudi Arabia opens up to tourists.

From the BBC World Service… France unveils 2020 tax cuts to ease Yellow Vest protests. Saudi Arabia allows global tourists in for the first time. Plus, why young people are buying up defunct British pubs.

How will impeachment touch worldwide trade? U.S. wealth has grown, but so has the wealth gap. Plus, whales are unwittingly fighting climate change with what they leave behind in the oceans.