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Jay Siebold

Technical Director, Marketplace Morning Report

Latest from Jay Siebold

  • Jul 7, 2022

    An economy in disarray awaits the next British Prime Minister

    When the United Kingdom exits the European Union, large companies will first need to work out their relationships with the single market, says Kamal Ahmed of the BBC.
    DANIEL LEAL-OLIVAS/AFP/Getty Images

    We check in with the BBC’s Victoria Craig for the latest on the resignation of British Prime Minister Boris Johnson, who addressed media earlier today. What could be the potential economic effects? The payroll processing firm ADP is pausing its usual “jobs week” report for an upgrade on their methodology. We look into why people are viewing the economy in a negative light despite the evidence of a strong jobs market. 

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  • Jul 7, 2022

    G20 meeting to address Ukraine war’s impact on global poverty

    G20 meeting to address Ukraine war’s impact on global poverty
    Anatolii Stepanov/AFP via Getty Images

    Foreign ministers of the Group of 20 countries – including the U-S, Russia and China – are converging in Bali today. Among the talking points: the Ukraine war and its effects on energy and food security. The BBC has the latest on British Prime Minister Boris Johnson’s impending resignation. Marketplace senior economics contributor Chris Farrell discusses how the flawed U.S. child care system adds to the burden of the economy.

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  • Jul 7, 2022

    British PM Boris Johnson to resign

    Journalists gather outside 10 Downing Street in central London on July 7, 2022. - British Prime Minister Boris Johnson was clinging to power, despite more than 50 resignations from his government. A culture of scandal has dogged Johnson for months, including lockdown-breaking parties in Downing Street. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)

    From the BBC World Service: Days of political turmoil in London have culminated in an agreement today from U.K. Prime Minister Boris Johnson to step down. Foreign ministers from 20 of the world’s biggest economies are gathering in Bali to talk about disruptions to food and energy supplies. And we hear what like is like for businesses in Kyiv today.

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  • Jul 6, 2022

    Many stock prices you see are old. There’s been a whole legal battle behind that.

    Stock traders tend to fear the higher interest rates that often accompany inflation. But inflation can also signal a healthy increase in economic activity.
    Spencer Platt via Getty Images

    There’s been a duel among brokers, exchanges, and the SEC over fees associated with up-to-the-second stock market data streams. The SEC tried to do something about the control exchanges have over those streams, but an appeals court struck down the agency’s proposed rule change. We dive into the world of socially responsible investing with Amy Domini, founder and chair of Domini Impact Investments.

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  • Jul 6, 2022

    Oil prices are down, but when might you see the effects at the pump?

    Oil pumpjacks stand in the Inglewood Oil Field on in Los Angeles, California.
    Mario Tama/Getty Images

    We check in with the latest movement on the oil markets with Fernando Valle, senior energy analyst at Bloomberg Intelligence, after oil markets displayed some volatility earlier this week. Sticking with oil, we break down some of the dynamics behind why Iran and other countries have been forced to sell at lower prices. We also examine how long the spending trend of services over goods can hold up.

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  • Jul 6, 2022

    U.K. gets new finance minister amid flurry of resignations

    Britain's newly appointed Chancellor of the Exchequer Nadhim Zahawi arrives at the Treasury to start his new job in central London on July 6, 2022. - UK Prime Minister Boris Johnson suffered two shock departures from his government Tuesday, including his finance minister, as civil war erupted in the high command of the ruling Conservative party. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)

    From the BBC World Service: Late yesterday, U.K. finance minister Rishi Sunak resigned, attacking Prime Minister Boris Johnson’s leadership and saying people wanted competence and integrity. Norway’s government has imposed a forced settlement on striking oil and gas workers. We look at the legacy of OPEC’s secretary general Mohammad Barkindo, who was instrumental in the expansion of the organization.

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  • Jul 5, 2022

    How the trucking industry is a leading economic indicator

    Now truck drivers can be added to the growing list of labor-related shortages.
    Getty Images

    It’s time for a check-in on the trucking industry, which has been at the forefront of everything from supply chain issues to driver shortages. Now, inflation and high gas prices are looming. The Supreme Court has ruled that the Biden administration can do away with the Trump-era “remain in Mexico” policy, which required asylum seekers to stay in Mexico among dangerous conditions along the border while authorities dove into their court cases. Many eyes are on what the administration does to replace the policy. 

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  • Jul 5, 2022

    Judge rules in favor of drug distributors in opioid lawsuit

    This illustration image shows tablets of opioid painkiller Oxycodon delivered on medical prescription taken on September 18, 2019 in Washington,DC. - Millions of Americans sank into addiction after using potent opioid painkillers that the companies churned out and doctors freely prescribed over the past two decades. Well over 400,000 people died of opioid overdoses in that period, while the companies involved raked in billions of dollars in profits. And while the flood of prescription opioids into the black market has now been curtailed, addicts are turning to heroin and highly potent fentanyl to compensate, where the risk of overdose and death is even higher.
    Eric Baradat/AFP via Getty Images

    In West Virginia, a federal judge has ruled in favor of three major drug distributors in a lawsuit over the opioid addiction epidemic. Two local governments had sued, arguing the distributors shared blame for the crisis, which has killed nearly half-a-million Americans. The re-emergence of coal in Europe – due to the saga over Russian gas – could mean setbacks when it comes to meeting global climate change goals.

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  • Jul 5, 2022

    Norway strike hits already fragile energy market

    An aerial view taken from an helicopter during a media visit shows five platforms over the Johan Sverdrup oil field in the North Sea some 140 kilometres west from the town of Stavanger, Norway, on December 3, 2019. - Norway's King Harald will formally inaugurate the field in January 2020, but production began back in early October 2019 and 350,000 barrels are already being pumped up per day. Fifty years after the Scandinavian country first struck black gold, the field holds the promise of another half-century of oil business, despite growing opposition to fossil fuels. (Photo by Tom LITTLE / AFP) (Photo by TOM LITTLE/AFP via Getty Images)

    From the BBC World Service: A strike of offshore workers in Norway is likely to cause a significant reduction in oil and gas destined for Europe. In neighboring Finland, a sand battery may hold the key to how we can use renewable energy when the weather doesn’t cooperate. And as President Biden is considering lifting some tariffs on China, U.S. Treasury Secretary Janet Yellen holds talks with the Chinese Vice Premier.

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  • Jul 4, 2022

    Poll: Americans don’t agree on how to fight inflation, nor do they trust the government to figure it out

    Americans are spending more money than they've got coming in each month.
    Patrick T. Fallon/AFP via Getty Images

    Those are the larger takes from the survey from the McCourtney Institute for Democracy. For more, we spoke with Eric Plutzer, a political science professor at Pennsylvania State University and director of polling at the McCourtney Institute. Fears of wildfires have ignited a run on “safe and sane” fireworks. The BBC reports on a conference dedicated to the rebuilding of Ukraine.

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Jay Siebold