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Rima Reyes
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.
Lucy Russo
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David Brancaccio
Where are people six months after the California wildfires? We'll check in with one. I'm David Brancaccio in Los Angeles. First, the company that's working to put more consumerism into mid summer has started its thing. Amazon's early July sale Prime Day used to be a day, now it's four. And Amazon is not alone this as people shop mindful of tariffs and other inflationary pressures, marketplaces Novosuffo reports.
Nova Safo
It's not just Amazon. Competitors Walmart and Target are extending their own online sales events this week, all kicking off today, and analysts think the strategy will work in getting wary consumers to part with their dollars. Overall, Adobe Digital Insights predicts E commerce sales will rise 28% over the next four days, bringing in an impressive $24 billion in the U.S. amazon will get the bulk of that. Last year Adobe says online sales rose 11%, driven in large part by spending on back to School ne. This year, more of the same, but also consumers looking to get ahead of tariff related price increases will be looking for deals on things like electronics and apparel. We saw signs of similar shopping trends earlier this year. Many third party sellers who utilize online marketplaces stocked up ahead of tariffs, so online discounting could still be relatively strong. Other independent businesses though, are said to be sitting out Prime Day, wanting to preserve inventory because of tariff uncertainty. I'm Nova Safa for Marketplace.
David Brancaccio
The take your shoes off at the X ray machine thing's been going on for 19 years now. But now, according to multiple published reports, TSA and Homeland Security sources are indicating we'll get to keep shoes on at lots of airports moving forward as newer screening systems are introduced.
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Rima Reyes
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
While the terrible Southern California wildfire along the coast was already burning by then, today marks six months since what became known as the Eaton Fire ravaged the town of Altadena, about a half hour northeast of downtown Los angeles. More than 9,000 structures burned in just that fire, most of them homes, one of them mine. Today, checking in with one of my neighbors and colleagues, Lucy Russo is Development Events Manager at our sibling organization, Southern California Public Radio LAist, whose home was destroyed a block and a half over from us. She joins us from where she's been living temporarily with her husband and kids 375 miles away in the San Francisco Bay area. Hey Lucy.
Lucy Russo
Hey David.
David Brancaccio
There's a big poster that one of the local businesses put up in the parking lot. It's about probably 8ft tall and it maps all the houses destroyed in our town. The immediate destruction zone is beyond anything many people have ever experienced. You must have had to find temporary shelter and you have kids. Where are you?
Lucy Russo
We're actually in Northern California. The kind of best option that I could think of immediately after the fire was to come up to my parents house where I grew up. So my kindergartner was able to slot right in to actually the school that I went to when I was a kid and we found a nearby preschool that had an opening for my preschooler.
David Brancaccio
So you're gonna try to rebuild he laughed nervously. It's not easy.
Lucy Russo
Yeah. You know, a lot of people have told me things that make me worry a little bit and I'm choosing to ignore them. I have a lot of concern about what the neighborhood is going to look like when we get back. You know, we, we chose Altadena for a reason and if it doesn't look like that anymore when we get back, then we might not want to live there. But in that scenario we sell our newly rebuilt custom house and you know, decide where we want to live instead. But in the meantime we can maximize insurance payouts and take advantage of the, the low mortgage rate that we got when we bought our house.
David Brancaccio
Have you gotten anyone to draw up plans for a replacement house for you?
Lucy Russo
We have an architect. It was somebody that we had a pre existing relationship with for a bunch of reasons. We're not gonna actually rebuild like for like as the term is. We're planning to rebuild a bigger house so that we can stay there indefinitely, I gotta say.
David Brancaccio
And you can tell me about your experience. One of the biggest frustrations is well, I want this kind of a roof because it's more fire resistant. Nobody can tell me how much it would be per square foot to make the roof or kind of anything else given upward pressure on labor tariffs, stuff like that. Are you finding that?
Lucy Russo
Absolutely. There's so many unknowns and when we try to calculate the different cost options, yeah, it's virtually impossible. I think a lot about also the impact of immigration and the ICE activity in Southern California on labor and when it comes time to hire a crew, I have no idea what that's going to look like.
David Brancaccio
Lucy Russo at Southern California Public Radio, the La Est folks. She's essentially a colleague and one of four people at that one public media outlet who lost their homes completely in what's called the Eaton Fire. As many as 20 others at LAIST were displaced in that Eden Fire. 9,400 structures were destroyed, mostly homes in the Palisades fire to the west of us. At the same time 6,800 structures were destroyed. Lucy, thanks for taking the time.
Lucy Russo
Sure thing David. I'm happy to help.
David Brancaccio
A neighbor, Lucy tells me her family's plan is to move out of her parents house back to Southern California before the new school year starts and into a rental. Investigators are looking at evidence the Eaton fire broke out under high tension. Power lines left on in hurricane force winds. Circumstances mean I'm learning a lot about fire resistant building and the complexity of getting planning permission and permits coverage is here. Marketplace's half hour show later in the day and Marketplace Online in Los Angeles. I'm David Brancaccio with our morning report from APM American Public Media.
Rima Reyes
Hey everyone. I'm Rima Reyes and I'm excited to join Kimberly Adams on Make Me Smart. Together we'll unpack the day's news, whether it's a tariff switch up, the latest on Trump's immigration policy, or the future of clean energy. Join us each weekday so we can make sense of it all together, because none of us is as smart as all of us. Listen to Make Me Smart. Wherever you get your podcasts.
Release Date: July 8, 2025
Host: David Brancaccio
Podcast: Marketplace Morning Report by Marketplace
In this episode of the Marketplace Morning Report, hosted by David Brancaccio, the focus is on the aftermath of the devastating Eaton Fire that struck Altadena, California, six months prior. The episode delves into the personal stories of those affected, the economic implications, and the broader discussions on fire-resistant building practices and disaster recovery.
Timestamp: [01:01]
David Brancaccio opens the discussion by highlighting Amazon's strategic move to extend its Prime Day sales from a single day to four days. This shift comes as Amazon faces competition from other major retailers like Walmart and Target, who are also prolonging their online sales events.
Nova Safo, a Marketplace reporter, provides further insights:
"It's not just Amazon. Competitors Walmart and Target are extending their own online sales events this week, all kicking off today, and analysts think the strategy will work in getting wary consumers to part with their dollars."
[01:27]
Safo reports that Adobe Digital Insights forecasts a 28% increase in e-commerce sales over the extended sales period, potentially reaching $24 billion in the U.S., with Amazon capturing the majority of this growth. The surge is attributed to consumers seeking deals amidst tariff uncertainties and inflationary pressures, particularly on electronics and apparel.
Key Points:
Timestamp: [04:27]
David Brancaccio shifts focus to the Eaton Fire's impact on Altadena, a town northeast of Los Angeles. Six months after the disaster, the community is still grappling with the extensive destruction—over 9,000 structures, primarily homes, were lost.
Interview with Lucy Russo: Lucy Russo, Development Events Manager at Southern California Public Radio LAist, shares her personal experience:
"We’re actually in Northern California. The kind of best option that I could think of immediately after the fire was to come up to my parents' house where I grew up."
[05:36]
Lucy discusses the challenges of rebuilding, including uncertainties around construction costs, labor availability, and the future landscape of her neighborhood. Despite these hurdles, she expresses determination to return and rebuild her family’s home, leveraging insurance payouts and favorable mortgage rates.
Notable Quotes:
Lucy Russo on rebuilding plans:
"We’re planning to rebuild a bigger house so that we can stay there indefinitely, I gotta say."
[07:12]
On the difficulties faced:
"There's so many unknowns and when we try to calculate the different cost options, yeah, it's virtually impossible."
[07:51]
Key Points:
Timestamp: [08:14]
David Brancaccio provides a broader context, mentioning that approximately 20 individuals from LAist were displaced by the Eaton Fire. The discussion touches upon the complexities of fire-resistant building practices and the bureaucratic hurdles in obtaining necessary permits and planning permissions for reconstruction.
Key Points:
Timestamp: [08:46]
The episode wraps up with a brief mention of upcoming segments, including Marketplace’s half-hour show later in the day and additional coverage available online. David Brancaccio emphasizes the ongoing efforts to provide comprehensive updates on economic and business news relevant to listeners.
This episode of Marketplace Morning Report provides a poignant look into the life-altering impact of the Eaton Fire on Altadena's residents. Through personal narratives and economic analysis, the podcast underscores the resilience of the community and the intricate challenges of rebuilding in the wake of natural disasters. Additionally, the discussion on extended Prime Day sales offers valuable insights into current e-commerce strategies amidst economic pressures.
Listen to the full episode here or subscribe to Marketplace Morning Report on your preferred podcast platform.