In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you t...
Ivy League basketball players and labor organizing
Last spring, the Dartmouth College basketball team made headlines when the players voted to form a union, and the National Labor Relations Board decided that players were employees entitled to unionize. But in anticipation of an NLRB that’s less labor-friendly under President Donald Trump, the players have thrown in the towel. We hear more. But first: This morning, President Joe Biden blocked Japanese steel-maker Nippon’s attempts to buy U.S. Steel.
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9:57
The economic agenda for the new Congress
Today is the first day of the 119th Congress. Republicans control the House and the Senate, though who holds the House Speaker position remains up in the air. And top of the economic agenda for the new Congress will be what happens with the Trump tax cuts passed in 2017. Also on this morning’s program: a floundering takeover of U.S. Steel, the year ahead in AI and an update on net neutrality.
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9:06
Will Nippon Steel’s takeover of U.S. Steel get scrapped?
From the BBC World Service: President Joe Biden appears ready to block a proposed takeover of U.S. Steel by Japanese company Nippon Steel, according to multiple media reports. We’ll unpack the latest developments. Also: Gold saw its best performance in 14 years last year, so what might 2025 hold? Then, European soccer is big business. Now, a potential rivalry between teams in Paris could be shaking things up.
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9:45
Why a port dispute could snarl America’s supply chain
We’re 18 days until Donald Trump’s second term in office and 13 days away from another potential dockworkers’ strike. Workers at East and Gulf Coast ports briefly went on strike in October, but reached a partial deal and agreed to keep talking until Jan. 15. We’ll hear what’s left to hammer out. Also on today’s show: We’re swiftly approaching the debt ceiling, and it’s been a relatively muted day for foreign markets.
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7:48
Gains for the greenback
Bloomberg calculates that the U.S. dollar made its biggest gain last year in nearly a decade. And it starts 2025 with some momentum for further gains, continuing a rally that started in early fall when the Federal Reserve started cutting U.S. interest rates amid persistently strong economic growth. Also, Amazon’s RTO push is hampered by a lack of office space, and more Texans turn to microgrids for energy resilience.
In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London.
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