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Marketplace®

Daily business news and economic stories
Oct 29, 2020

A record-breaking jump in economic growth, tempered by signs it’s been losing steam

Also, the Trump administration proposes ending the H-1B visa lottery. Plus, business groups call for patience as presidential election results get tallied next week. And, lower-income Americans are less confident about the accuracy of vote counting.

A record-breaking jump in economic growth, tempered by signs it’s been losing steam
Valerie Macon/AFP via Getty Images

Segments From This Episode

  • Putting this GDP rebound for the U.S. economy into perspective

    Diane Swonk, chief economist at Grant Thornton, says “we’re still in a very deep hole despite the fact we had very strong gains in the third quarter.” And, Swonk said, “we saw momentum began to slow leading us into the fourth quarter with much weaker growth, at the same time that now cases and hospitalizations are surging.”

  • Trump administration proposes end to H-1B visa program for foreign workers

    Marketplace’s Kristin Schwab has more.

  • Workers board up the entrance of an office building in Washington, D.C., on Oct. 28, 2020. Delayed election results could lead to damaged retail storefronts and other infrastructure if violence or protests break out.
    Nicholas Kamm/AFP via Getty Images

    Major business groups have penned a letter urging Americans to be patient as votes are counted.

  • A man casts his ballot at an early voting center in Washington, D.C.
    Sarah Silbiger/Getty Images

    The latest data from the Marketplace-Edison Research Poll shows confidence in vote count reflects voters’ income.

The Team

A record-breaking jump in economic growth, tempered by signs it’s been losing steam