Loading summary
Marketplace Host
This Marketplace podcast is supported by Dell introducing the new Dell AI PC powered by Intel Core Ultra processor. It helps do your busy work for you so you can fast forward through editing images, designing presentations, generating code, debugging code, summarizing meeting notes, finding files, managing your schedule, responding to long emails, leaving all the time in the world for the things you actually want to do. Get a new Dell AI PC starting at $699.99 at Dell.com AI PC how those ahead Stay ahead. This Marketplace podcast is supported by Palo Alto Networks. Listen to threatvector, the Palo Alto Networks podcast, for in depth discussions with industry leaders and experts providing crucial insights for security decision makers. Whether you're looking to stay ahead of the curve with innovative solutions or understand the evolving cybersecurity landscape, ThreatVector equips you with the knowledge needed to safeguard your organization. Tune in and subscribe to threatvector wherever you get your podcasts.
David Brancaccio
Uber tests the idea of Women passengers asking for women drivers I'm David Brancaccio in Los Angeles. First prices for steel made in the US Are going up in the spring into summer quarter. Two major domestic producers, Steel Dynamics and Cleveland Cliffs, substantially raised the price per ton they charge customers by 13.5% in the case of Steel Dynamics, according to company results. All told, domestic steel producers subjective prices by 16% this year, Marketplace's Mitchell Hartman explains.
Mindy Thomas
Mostly what's driving American made steel prices higher is President Trump's tariffs on foreign made steel, which doubled to 50% last month. Ned Hill at the Ohio State University says with imported steel more expensive, domestic producers are just doing what makes sense, charging what they can as much as the market will bear. For Jim Piper at Kelair Products outside Chicago, which makes metal dampers for heavy industry, that's meant increases between 15 to 18% in the price of steel this year.
David Brancaccio
It does create a sense of chaos and unpredictability. We're attempting not to share too much of that cost increase with our customers just because we don't know where things are going to go.
Mindy Thomas
Higher steel prices are a big concern for building contractors, which are already dealing with a sluggish economy for construction, says Ken Simonson at Associated General Contractors of America.
David Brancaccio
They're hitting both sides of the equation.
Mindy Thomas
Contractors materials costs are going up, making building projects more expensive, just as they're seeing less demand as higher steel prices also hit some of their customers like manufacturers. I'm Mitchell Hartman for Marketplace.
David Brancaccio
In a sign of strength, there's news the number of new claims for state unemployment benefits unexpectedly fell in the last week. Layoffs remain relatively low. But in a troubling sign, churn people leaving one job and taking another. That's pre. That can be employers not feeling secure enough to hire more or workers not feeling secure enough to try for something else. The housing market is part of this. Diane Swonk is chief economist at the audit, tax and advisory firm kpmg. Diane, it's not just about finding a job somewhere. I mean, it's hard for a lot.
Diane Swonk
Of reasons and even more so in a housing market that is so expensive and hard to move in even if you find another opportunity elsewhere. Mobility is an issue now.
David Brancaccio
Yeah, I remember former British Prime Minister Margaret Thatcher, she used to say, you know, if you can't find a job, get on your bike, go to a place where there is a job. And she was criticized for that view. In 2025, United States of America, you might not be able to find an affordable rental. You might not be able to sell your house to buy a house elsewhere where the job is or afford to.
Diane Swonk
Buy the house where the job is. And I think that's what the key issue is, is that there's parts of this economy, although it still adds up in the aggre to look like a solid economy. There's parts of this economy that after the pandemic and the reopening that we saw now feel very frozen. Those who are frozen in are frozen in their homes. They're locked into mortgages or paid off their mortgages. They can't move. Some of them want to move on the other side of it. Those who want in that first time home purchase or perhaps a new entry level job in a new city, they can't get on those rungs of the ladder that they once could.
David Brancaccio
Diane Swank, chief economist at kpmg. Thank you.
Diane Swonk
Thank you.
David Brancaccio
It's mixed for stocks and early trading. The dow is down 215 points. That's five tenths of a percent. The S and P and the Nasdaq are both up 2. 10%.
Marketplace Advertiser
This Marketplace podcast is supported by Dell. Upgrade your learning experience during Dell Technologies back to school event with AI PCs like the Dell 14 plus featuring an Intel Core Ultra processor starting at $749.99. Supercharge your studies with features like real time notes, transcription, AI accelerated hardware to run multiple apps without slowing down, extended battery life and more. That's the power of new AI PCs with Intel inside. What's more, upgrade your school year setup with limited time deals on select monitors and more. Must have electronics and accessories don't wait. Discover a smarter way to learn@dell.com deals that's Dell.com deals.
David Brancaccio
This Marketplace podcast is supported by Mercury. Mercury offers banking and financial software to help businesses send money, create invoices, pay bills, and more all in one place. Learn more@mercury.com Uber is rolling out a new feature in Los Angeles, San Francisco and Detroit allowing women drivers and passengers to request to be connected only with other women. Its main competitor, Lyft, has been doing this nationwide since last year. Both apps say it's about safety and recruiting more women drivers. Marketplace's Savannah Peters has that story.
Savannah Peters
In almost 5,000 trips LA rideshare driver Susan Greenwald has been in some uncomfortable situations but never felt like she was in danger.
Susan Greenwald
I'm pretty good at dealing with people after teaching junior high school and growing up in New York.
Savannah Peters
Plus, Greenwald never drives late at night, but she says many of her passengers have felt unsafe using rideshare apps.
Susan Greenwald
Oh my God, I'm so glad it's a woman driver. I hear that all day long.
Savannah Peters
Greenwald has been using the Women Connect feature on Lyft since it debuted last year. She guesses 90% of her pickups on that app are women and LGBTQ people.
Susan Greenwald
It's sort of like a beauty shop in there. They end up just blabbing to me, so it's just a more comfortable situation, I think on both ends.
Savannah Peters
She'll try out Uber's new feature when it rolls out in LA next month. Every year, thousands of drivers and riders report harassment and assault while using rideshare apps. Camille Irving, Uber's VP of operations, says connecting women users could keep them safer.
Marketplace Host
I'm excited that we're giving women this.
Savannah Peters
Choice, but there may not be enough women drivers to quickly meet every passenger request. Uber says about one in five of its drivers are women. Lyft reports similar numbers.
Marketplace Host
What's really important to us is that we're able to keep wait times low when people request these trips and that riders are able to have the same high quality experience.
Savannah Peters
Irving says the company will be watching its pilot markets to see if the new feature attracts new women drivers. Alexandria Ravenel, an expert on gig economies at UNC Chapel Hill, says that might pan out just as rideshare driver pay is on the decline.
Marketplace Host
If you wanted to be cynical about this, you could say, well, yeah, when teaching was well paid, it was a job for men. And now as Uber stops being well paid, suddenly let's try and recruit more women into doing this.
Savannah Peters
Ravenel adds that stricter vetting and ID requirements for passengers would do more to protect drivers. In la, Susan Greenwald expects women preference to give her an advantage scoring Uber trips. She says some male drivers might be unhappy with that.
Susan Greenwald
They really shouldn't give us a hard time. You know, it's like there's so few of us driving.
Savannah Peters
For her safety, Greenwald still won't drive after 9pm when she says demand for women drivers could peak. I'm Savannah Peters for Marketplace.
David Brancaccio
It's Marketplace MORNING Report from APM American Public Media.
Guy Raz
Hi there. I'm Guy Raz.
Mindy Thomas
And I'm Mindy Thomas.
Marketplace Host
Wait.
Guy Raz
And we are the hosts of the number one podcast for curious kids wow in the world. Join us as we discover the wonders in our world, or as we like.
Mindy Thomas
To call them, wows.
Guy Raz
The wows of science, innovation and the.
Mindy Thomas
People changing the world as we know it.
Guy Raz
Join us on our next scientific adventure every Monday, wherever you get your podcasts or ad free. And one week early on Wondry.
Marketplace Morning Report: "A More Women-Friendly Uber Experience?"
Release Date: July 24, 2025
Host: David Brancaccio
Description: In less than 10 minutes, Marketplace's David Brancaccio delivers the latest business and economic news to kickstart your day, supplemented by a global markets update from the BBC World Service in London.
David Brancaccio opens the episode by addressing the significant increase in U.S.-made steel prices. He reports that major domestic producers, including Steel Dynamics and Cleveland Cliffs, have raised their prices by approximately 13.5% per ton. Overall, domestic steel prices have surged by 16% this year.
Mindy Thomas elaborates on the factors driving these price hikes, attributing them primarily to President Trump's tariffs on foreign-made steel, which have doubled to 50%. Ned Hill from Ohio State University explains, "With imported steel more expensive, domestic producers are just doing what makes sense, charging what they can as much as the market will bear" (01:34).
Jim Piper of Kelair Products highlights the impact on his business, noting "increases between 15 to 18% in the price of steel this year" (02:08). This surge poses challenges for building contractors already grappling with a sluggish construction economy. Ken Simonson from Associated General Contractors of America states, "Contractors materials costs are going up, making building projects more expensive, just as they're seeing less demand as higher steel prices also hit some of their customers like manufacturers" (02:31).
Transitioning to the labor market, Brancaccio shares encouraging news about the decline in new state unemployment claims, indicating resilience in the job market. However, he expresses concern over increased job churn—people leaving one job for another—suggesting potential underlying insecurity among both employers and workers.
Diane Swonk, Chief Economist at KPMG, provides insight into the issues surrounding job mobility. She explains, "It's hard for a lot... in a housing market that is so expensive and hard to move in even if you find another opportunity elsewhere. Mobility is an issue now" (03:22). The high cost and limited availability of affordable housing restrict workers’ ability to relocate for better job opportunities, echoing Margaret Thatcher's past sentiments about job mobility but highlighting a modern twist where affordability is the key barrier.
Swonk further remarks, "There’s parts of this economy that... feel very frozen. Those who are frozen in are frozen in their homes. They’re locked into mortgages or paid off their mortgages. They can’t move" (03:34). This situation hampers the traditional pathways to economic advancement, leaving many potential movers stuck despite having new job opportunities.
The focal point of the episode centers on Uber’s pilot program aimed at creating a more women-friendly experience by allowing women passengers and drivers to request connections exclusively with other women. This feature is currently being tested in Los Angeles, San Francisco, and Detroit, following Lyft’s nationwide rollout last year.
Savannah Peters reports on the initiative by highlighting personal accounts and expert opinions. Susan Greenwald, a Lyft driver with nearly 5,000 trips, shares her positive experiences: "Oh my God, I'm so glad it's a woman driver. I hear that all day long" (06:52). She emphasizes the comfort and safety benefits, noting that "they end up just blabbing to me, so it's just a more comfortable situation, I think on both ends" (07:09).
Camille Irving, Uber's VP of Operations, states, "What's really important to us is that we're able to keep wait times low when people request these trips and that riders are able to have the same high quality experience" (07:53). However, Irving acknowledges potential challenges, such as the limited number of women drivers—only about one in five Uber drivers are women—and the possibility that demand may outstrip supply.
Alexandria Ravenel, a gig economy expert at UNC Chapel Hill, offers a critical perspective: "If you wanted to be cynical about this, you could say... let's try and recruit more women into doing this" (08:22). She suggests that while the initiative aims to enhance safety, it might also be a response to declining driver pay, potentially reinforcing gender roles within the gig economy.
Susan Greenwald anticipates that the new feature could give her an advantage in securing Uber trips but also expresses concern about potential pushback from male drivers: "They really shouldn't give us a hard time. You know, it's like there's so few of us driving" (08:50). Despite these challenges, Greenwald remains committed to prioritizing her safety by avoiding late-night driving hours (08:57).
Towards the end of the episode, Brancaccio provides a brief update on the stock market's performance, noting a mixed trend with the Dow Jones Industrial Average down by 215 points (0.5%), while the S&P 500 and Nasdaq are both up by 2.10% (04:39).
Conclusion:
This episode of Marketplace Morning Report delves into significant economic issues ranging from rising domestic steel prices impacted by international tariffs to the complexities of job mobility constrained by the housing market. The highlight, however, is Uber’s innovative approach to fostering a safer and more inclusive environment for women through its new feature connecting female passengers and drivers. While the initiative holds promise for enhancing safety and comfort, it also raises questions about driver supply and the broader implications for gender dynamics within the gig economy.
Note: Timestamps in brackets (MM:SS) correspond to the transcript sections where the quotes and information were mentioned.