Marketplace : About
Airs weekdays at 6:30pm on 93.9 FM and AM 820
What's happening on Wall Street? When did old-fashioned "firing" become "downsizing"? And what motivates a 16-year-old grocery clerk in Illinois to invest in a stock portfolio? Hear these and other financial items. Marketplace is not only about money and business, but about people, local economies and the world — and what it all means to us. The only national daily business news program originating from the West Coast, Marketplace has four domestic bureaus—in New York, Miami, Washington, D.C. and Los Angeles, plus international bureaus in London and Beijing.
Latest Stories from Marketplace
Last updated: Saturday, January 31 2015 02:35 PM
Friday, January 30 2015 05:40 PM
Airing on Friday, Jan. 30, 2015: Home ownership fell to its lowest level in many years. One reason for that? As households form, they rent before they buy, so housing can be a lagging indicator. Plus, in response to consumer outrage, Intuit has reversed changes to its TurboTax program that had effectively resulted in a 50 percent price increase for many filers. How did the company royally misread its market and can it recover?
Thursday, January 29 2015 06:02 PM
Airing on Thursday, Jan. 29, 2015: When he speaks to fellow Democrats tonight at a retreat in Philadelphia, President Obama will lay out some details about the budget he’s unveiling Monday. We look at what the sequester has (and hasn’t) accomplished. Plus, McDonald's chief brand manager, Steve Easterbrook, will replace the chain's outgoing CEO. The fast-food giant has been struggling as consumers increasingly demand fresher, healthier options. How will Easterbook play things differently now that he’s CEO?
Wednesday, January 28 2015 08:00 PM
Airing on Wednesday, Jan. 28, 2015: Apple's iPhone is dominating its earnings while revenue from tablets and laptops languishes. Is Apple turning into a one-product company? Plus, as big multinational oil companies report earnings, analysts watch to see the effects of plunging oil prices. Finally, today marks the 30th anniversary of “We are the World," the Grammy-winning song that helped pioneer charity recordings and multi-celebrity live music events.
Tuesday, January 27 2015 08:25 PM
Airing on Tuesday, Jan. 27, 2015: A strong dollar is causing some companies to lose money because it makes their overseas products more expensive, leading to falling demand. This impacts stock prices, which is a problem for all of us because America is now a shareholder economy. Plus, the Commerce Department reports core durable goods sales were down 0.6 percent in December, a bit more than had been expected. We unpack that number. Finally, snow days were once for playing outside or cocooning inside. Not anymore. Many of us can now work from home, keeping productivity fairly stable and the overall negative economic impact of a storm relatively low.
Monday, January 26 2015 08:00 PM
Airing on Monday, January 26, 2015: Dish goes over the top with Sling, and enters the growing universe of alternatives to traditional cable. We take a look at the competitive landscape on the other side of the equation. Plus, we check in on the health of the bitcoin market. With today's introduction of a new bitcoin exchange, will we see a reduction in the currency's volatility?
Friday, January 23 2015 06:08 PM
Airing on Friday, January 23, 2015: UPS' investment in late-order Christmas deliveries illustrates the risk when a company tries to keep up with changing customer expectations. The company estimates it lost $200 million on the venture. Plus, cloud-based storage company Box goes public after a yearlong delay, and we look at how the IPO market works. Finally, the parent company of SkyMall, the over-the-top catalog in seatback pockets everywhere, has filed for bankruptcy.
Thursday, January 22 2015 08:00 PM
Airing on Thursday, January 22, 2015: Google is reportedly making deals with T-Mobile and Sprint to sell wireless plans directly to customers. We examine how this might work and how much disruption it might cause in the industry. Plus, a broken pipeline in North Dakota that's spilled millions of gallons of wastewater underscores a big cost of the fracking boom – the huge amounts of wastewater from wells that must be disposed of.
Wednesday, January 21 2015 06:11 PM
Airing on Wednesday, January 21, 2015: The idea of middle-class economics was front and center in the president’s State of the Union address. Sure, it serves as a political framework, but how does it work as an economic one? Plus, as part of a settlement with the SEC, ratings agency S&P has been banned from rating certain bond deals for one year, creating an opportunity for competitors. Finally, reporter Stan Alcorn defines Davos Man as, "the suit-wearing, power-wielding Ubermensch that is the incarnation of the global financial elite." We look at the evolution of both the term and the man.
Tuesday, January 20 2015 08:32 PM
Airing on Tuesday, January 20, 2015: The U.S. is still struggling, as the president will note in this evening's State of the Union speech, but at least the economy is still growing. Most of the rest of the world is slowing. Plus, as the world market continues to be flush with low-priced oil, traders are looking for ways to profit from the slump. One strategy: Storing oil in rented tankers until prices go back up.
Monday, January 19 2015 08:00 PM
Airing on Monday, January 19, 2015: Well-funded lobbyists are rallying to end a $3 billion-a-year tax and refund the revenue to the medical device industry. Its potential repeal reflects how difficult it is to change the healthcare system. Plus, Obama has a plan to raise $300 million by raising taxes on the rich –and going after the banks. What would that entail, and how likely is it to happen? And, apparently, the rich keep getting richer. What will it take to reverse this trend?
Friday, January 16 2015 08:00 PM
Airing on Friday, January 16, 2015: There’s a huge currency trading market that companies use to even out the value of the world’s many currencies – and that traders large and small speculate in. When there’s a surprise like the Swiss franc move, it sends shock waves through the market. How businesses and governments are assessing the damage. Plus, for the first time in at least 50 years, the majority of children in public school are from low-income families. We look at the calculation and ask: How did public schools become warehouses for the poor?
Thursday, January 15 2015 08:00 PM
Airing on Thursday, January 15, 2015: Big banks are reporting lower revenue, in part because of less trading. Are lower profits for banks, especially from trading, necessarily bad for the economy? Plus, the Swiss franc soared today after Switzerland decided to abandon the cap on the currency value against the euro. We look at what was behind the decision and what difference it will make. Finally, President Obama proposes seven days a year of paid sick leave, arguing that providing more sick leave makes businesses more competitive and workers more productive. We examine the economics of the sick day.
Wednesday, January 14 2015 08:00 PM
Airing on Wednesday, January 14, 2015: Falling gas prices are putting more money in people’s pockets, but retail sales were down in December, even after excluding cheap gas. Where is the money going, and how reliable are retail sales as an indicator for our changing economy? Plus, JPMorgan’s Jamie Dimon says banks are under assault, a reference to dealing with multiple regulators and the bank’s multibillion-dollar legal costs. We take a look at Dimon's claim.
Tuesday, January 13 2015 08:00 PM
Airing on Tuesday, Jan. 13, 2015: Aetna is raising wages for its lowest-paid workers to a minimum $16 an hour. Those affected are mainly customer-service and billing people. Aetna says it needs to attract the best people it can, and retain them, as health insurance becomes more of an individual-customer business. Plus, a new survey shows U.S. companies are increasingly using penalties to encourage their workers to join wellness programs. Why is this part of the affordable act so popular with employers?
Monday, January 12 2015 08:00 PM
Airing on Monday, January 12, 2015: McDonald's new ad focuses on franchises around the country that have used their signs to support the community. But the new strategy is getting a mixed response. Plus, President Obama calls for new rules for companies hit by data breaches. We investigate the best practices for companies that experience breaches, and measure how the proposal stacks up. Finally, in light of this week's Detroit auto show, we take a look at the auto show industry.
Friday, January 09 2015 08:06 PM
In theory, a growing economy and tighter labor market mean increasing competition among employers, which should push wages up. That's still not happening. Plus. Time Warner Cable and AOL merged 15 years ago, and almost immediately fell behind the times, partly due to the culture clash that occurred when old and new media became one. Also: President Obama proposes making two years of community college free. What would that accomplish?
Thursday, January 08 2015 08:00 PM
Airing on Thursday, January 8, 2015: Obama pushes a plan to lower some mortgage premiums by $900 a year. What does that mean for the housing market? Plus, we look at the evolution of the 40-hour workweek in light of a Republican push to define "full-time employment" for the purpose of health insurance eligibility under the Affordable Care Act. Finally, cheaper versions of biologics – drugs made out of living cells – could hit the market soon. We run the numbers.
Wednesday, January 07 2015 08:00 PM
Airing on Wednesday January 7, 2015: Europe officially has deflation, and its economy is weak. But is some deflation better than others? Plus, Intel throws $300 million at workplace diversity problem, which is really a pipeline problem. Can you fix the pipeline? If so, will $300 million make a dent?
Tuesday, January 06 2015 08:00 PM
Airing on Tuesday January 6, 2015: At the Consumer Electronics Show in Las Vegas, there's an explosion of gadgets that would place sensors throughout your home. Plus, ESPN has always been the key network for cable bundles, but now Dish is offering ESPN pretty much by itself. How can they do that? Finally, Coach will pay as much as $574 million to buy luxury shoemaker Stuart Weitzman.
Monday, January 05 2015 08:00 PM
Airing on Monday January 5, 2015: Germany's chancellor, Angela Merkel, is the latest to warn of a Greek exit – or "Grexit" – from the Eurozone if the anti-austerity Syriza party comes to power. We look at whether a "Grexit" would harm Europe more now that it would have a few years ago. Plus, why falling gas prices could lead to new taxes on gas.