Marketplace from American Public Media is the premier business news show on public radio. Host Kai Ryssdal and the Marketplace team deliver news that matters, from your wallet to Wall Street. Online at Marketplace.org.
Updated: 4 hours 2 min ago
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.
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?
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 innbsp;seatbacknbsp;pockets everywhere, has filed for bankruptcy.
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. nbsp;
Airing on Wednesday, January 21, 2015:nbsp;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 Samp;P has been banned from rating certain bond deals for one year, creating an opportunity for competitors. Finally, reporter Stan Alcorn definesnbsp;Davos Man as, "the suit-wearing, power-wielding Ubermensch that is the incarnation of the global financial elite." Wenbsp;look at the evolution of both the term and the man.
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 stillnbsp;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. nbsp;
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,nbsp;Obama has a plan to raise $300 million by raising taxes on the rich –andnbsp;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?nbsp;
Airing on Friday, January 16, 2015:nbsp;There’s a huge currency trading market that companies use to even out the value of the world’s many currencies –nbsp;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? nbsp;
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,nbsp;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.nbsp;
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,nbsp;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. nbsp;