Marketplace Morning Report

This morning, we learned that the producer price index rose by 0.3% in October, up 6.5% year over year. At this point, the Fed's 2% inflation target feels far away, and wage gains haven't kept up with price increases for some seven months now. And while wealthier households continue to spend, working-class families are increasingly pinched by inflation. We discuss all that, then explain a Supreme Court case centered on the power of government agencies.

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Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Until this week, Nvidia only ever had one CEO: Jensen Huang. Now, Colette Kress — previously the company’s CFO — will take on the role while the company searches for a permanent replacement. It’s the job of a corporate board to cultivate a successor, but that didn’t happen at Nvidia. This morning, we unpack what went wrong. Then, what happens to a small business when it faces eye-popping increases in healthcare premiums?

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Jensen Huang has resigned as CEO of one of the biggest tech companies in the world, Nvidia. It's been a week rocked by scandal for Huang after news of two extramarital affairs surfaced, the most recent of which was with a subordinate at the company. While his stepping down may not be surprising, what comes next for the company? Also in this episode: a pulse check on the housing market and a look at agriculture news coming out of Oklahoma.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The board of Nvidia is reportedly meeting to decide whether to oust CEO Jensen Huang after news of a second extramarital affair. Nvidia stock is down in pre-market trading. This all raises questions about the consolidation of power in one of the biggest companies in the world, responsible for 90% of the chips used in AI. Do we need more guardrails to prevent something like this from spilling into the rest of the economy? And later: how SNAP cuts are playing out in Oklahoma.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories from this podcast:

Checking in on the Oklahoma economy

“It's a great time for the wine consumer,” said Damien Wilson, faculty director of the Wine Business Institute at Sonoma State University. “There are bargains galore.” Today, we hear how changing consumption habits and an oversupply of wine are challenging wine producers but benefiting wine lovers. Also in this episode: Federal Reserve officials are getting even more concerned about inflation. Why are they so worried now?

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories from this episode:

How is the wine industry doing right now?