Deep Dive
Shownotes Transcript
Trading shouldn't have barriers. When Robinhood started, it was built to make trading more accessible. Now, Robinhood offers more sophisticated trading tools. Experience the future of trading on Robinhood Legend, the all-new desktop platform that harnesses intuitive design to deliver a seamless experience for traders, free to use with a Robinhood account.
The future of trading is fast, powerful, and precise. Experience it now on Robinhood Legend. Sign up today.
Investing is risky. Robinhood Financial LLC member SIPC is a registered broker-dealer. Other fees may apply. Did you know that the average professional spends up to five hours a week making slide decks? What if you could create professional presentations, websites, social media posts, and more in minutes instead of hours? Gamma takes your messy notes or outline and instantly transforms it into stunning content that's ready to share.
No coding or design skills required. Start for free at gamma.app. That's G-A-M-M-A dot app. Marketplace listeners get one month of Gamma Pro free with promo code marketplace. You have ideas. Gamma brings them to life. Tariffs, sovereignty, and Canada's big election.
I'm David Brancaccio in Los Angeles. More now on how the trade war is cited as a key reason Canadians have now voted to keep liberals in power after rival conservatives had been polling so strongly until recently. It has to do with the policies of a leader south of the Canadian border who's been in office for exactly 100 days now. Marketplace's Kimberly Adams went to polling places in the province of Ontario yesterday and joins us this morning. Hey, Kimberly. Good
Good morning, David. The U.S. putting import duties on stuff from Canada that had been a close U.S. trade partner. It's on voters' minds, but would you say top of mind, Kimberly? It was certainly top of mind for a lot of the voters I talked to yesterday. Almost everybody brought it up at those several polling places I visited in various electoral districts, which they call ridings here, by the way. And here's a bit of what folks said when I actually asked them about their top issue influencing their vote.
Honesty is the tariffs. It's causing all of us grief. Because of the trade war, a lot of people are scared for their job. And now, because of the trade war, everything is slowed down. Like, clearly we have some threats from the U.S. that we're not used to, and that's not only threatening our sovereignty, but also threatening our economy.
Voters Priscilla Gima, Ruchir Patel and Doug Lee there. So under Canada's parliamentary system, you vote for a member of parliament for your district you're riding. But then that adds up to the leader of the country. What did voters tell you they want in a new leader? I definitely heard about wanting action on domestic issues like crime, immigration and housing. But again, the relationship with the U.S. and how Canada's new prime minister will manage it came up a ton.
I would hope we have a strong leader who can stand up for the foolishness that he's putting forward. If he goes to the war with the whole world, or at least China, he needs some friends. The best friends he's got here.
But he's making everything not to have a France. Talking about Trump there, obviously, voices of Canadian voters, Corrine White, a nurse, and Christopher Wolney, a retiree. Now, Mark Carney, who on his resume had led central banks in both Britain and Canada, is the leader of the Liberals, now set to lead the next Canadian government. What's his trade and Trump approach going to be? He spent a lot of his victory speech last night talking about exactly this. President Trump...
is trying to break us so that America can own us. That will never, that will never, ever happen. Carney said Canada will need to learn to rely more on itself and also forge stronger ties with other allies, especially Europe, in light of this new dynamic.
Marketplace's senior Washington correspondent, Kimberly Adams, in Ontario, Canada, this morning. Thank you very much, Kimberly. You're welcome, David. I see S&P futures are up just slightly, but General Motors' stock is down more than 2% pre-market after its quarterly profits today beat expectations, but it withdrew its assessment of the company's road ahead, suggesting the effect of tariffs is too hard to predict.
DoorDash wants to buy a UK-based company that does the same thing for $3.6 billion. The logic is clear. DoorDash is big in the U.S. and Canada. Deliveroo does Europe and beyond. Marketplace's Samantha Fields has that.
For DoorDash, buying Deliveroo is all about growth. All these firms, their valuation are built on growth. Growth and margin. Gad Alon at the Wharton School at Penn says because app-based delivery is a low-margin business, companies have to keep growing. And after a while, there is a limit to how much you can actually grow in the U.S. People can only order that many times breakfast, lunch, and dinner. DoorDash started out doing restaurant delivery, but you can also use it to get things from grocery stores and pharmacies now.
David Portolatin at Circona says the company makes 54% of all third-party app deliveries in the U.S. They're already the dominant player there, and they're already growing within that space.
So how would you accelerate that? One way, acquire a competitor and expand into other countries. Alex Suskind at Cornell says it's a future-driven move. Third-party delivery is particularly important to the younger generation. It's the right move to be making to have a global footprint. In an industry that's in increasingly high demand.
I'm Samantha Fields for Marketplace. A bill with wide bipartisan backing and support from the industry it regulates has sailed through the House and the Senate. It forces platforms like TikTok and Meta to erase deep fakes, videos of a sexual nature created by artificial intelligence, faked to look like real identifiable people.
The measure, if signed by the president, authorizes federal regulators to crack down on companies that don't comply and is a rare concession by tech companies to the notion of content regulation by the government.
Now at Verizon, we're locking in low prices for three years, guaranteed on MyPlan. And you can get a single line for just $45 a month when you switch and bring your phone. That's our best price ever on unlimited welcome, with auto pay plus taxes and fees, guaranteed for three years. Because at Verizon...
We got you. Visit your local San Jose Verizon store today. $20 monthly promo credits applied over 36 months with a new line on unlimited welcome. In times of congestion, unlimited 5G and 4G LTE may be temporarily slower than other traffic. Domestic data roaming at 2G speeds. Price guarantee applies to then current base monthly rate. Additional terms and conditions apply. To realize the future America needs, we understand what's needed from us. To face each threat head on. We've earned our place in the fight for our nation's future. We are Marines. We were made for this.
Are you okay with more artificial lighting in the night sky in return for a competing broadband internet and phone service from space? Amazon has just launched about three dozen low-Earth orbiting communication satellites, the first of thousands, to compete with the Starlink system from SpaceX. Starlink already has about 7,000 of these devices in orbit in the right position at night. You can see trains of them, even without binoculars, which annoys some and delights others. Marketplace's Nova Sappho has more.
Amazon has positioned its satellite internet plan, called Project Kuiper, as an effort to bring broadband internet to remote and rural areas. The company says it will spend $10 billion and launch 3,200 satellites into orbit. SpaceX's Starlink service has some 7,000 satellites. They beam internet to mobile antenna terminals that look like square or rectangular plastic slabs. Amazon's Kuiper will have a similar setup.
Starlink has received multiple government contracts, and its terminals have been instrumental in Ukraine's war effort to expel Russia's invasion. Amazon's executive chairman Jeff Bezos told Reuters that there's plenty of broadband satellite business to go around, but building a network orbiting Earth is expensive and profits are not guaranteed. Bloomberg last year said Starlink regularly spends more money than it brings in because of the costs of launching satellites and replacement satellites into space.
I'm Novosafo for Marketplace. All this rhymes with hyper, but it's K-U-I-P-E-R after Gerard Kuyper, legendary Dutch-American planetary scientist. In Los Angeles, I'm David Brancaccio. You're listening to the Marketplace Morning Report from APM American Public Media. If there's one thing we know about social media, it's that misinformation is everywhere, especially when it comes to personal finance.
Financially Inclined from Marketplace is a podcast you can trust to help you get serious about your money so you can build a life you've always dreamed of. I'm the host, Janelia Espinal, and each week I ask experts important money questions, like how to negotiate job offers, how to choose a college that you can afford, and how to talk about money with friends and family. Listen to Financially Inclined wherever you get your podcasts.