Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
Airing on Friday, April 24, 2015: Now we know the size and scope of Amazon’s growth engine—its cloud services—and it's pretty powerful. Marketplace reporter Sabri Ben-Achour looks at the Amazony-ness of it all. Start small, build a big lead. Market share, market share, market share. But the competition is coming on strong, and it’s going to take some big investments for Amazon to hold it’s own, even with its lead. Next, the match-up between Floyd Mayweather Jr. and Manny Pacquiao has finally been confirmed, with the event set to take in millions of dollars. Kenneth Shropshire from the Wharton Sports Business Initiative joins us to talk about the much-anticipated fight.
Airing on Thursday, April 23, 2015: The opposition to giving the president expanded authority to work on a trade deal with Pacific nations is coming together around the issue of currency manipulation. So what does that mean, exactly, in the context of international trade? We explore. Next, after initially looking like a straightforward deal, it appears the Time Warner-Comcast merger may be on its deathbed. If the deal doesn’t go through, what’s the fallout for consumers – good, bad, a little bit of both? Or will there be no effect at all?
Airing on Wednesday, April 22, 2015: After years of trying, Congress is getting close to passing a big cybersecurity bill. Business interests and privacy advocates finally have the common ground to get behind a single piece of legislation. The reason? Hacks are becoming much, much bigger and much, much more common. We look at how they managed to find common ground. Next, Verizon has unveiled a new basic TV package for $54.99 a month, prompting objections from major content providers like ESPN. The cable industry has been disrupted as pay-TV distributors, such as Verizon, respond to pressure from “cord-cutter” consumers, who are demanding these “skinny programming packages”. But media companies like Disney are fighting to protect their most lucrative source of revenue – programming fees. We consider whether the content providers or the distributors have the upper hand in this battle and how it’s it likely to shake out.
Airing on Tuesday, April 21, 2015: Committee votes in Congress are expected in coming days on whether to give the president special authority to finish negotiating a major trade deal with China and others. The deep skepticism that exists among Democrats is summed up well in a line New York Sen. Chuck Schumer said last week : “I don’t believe in these agreements anymore. I’ve changed.” We look at what else has changed since the North American Free Trade Agreement era when it comes to the U.S. economy and its place in the world economy. Next, California’s long history of anti-tax, anti-government propositions, starting with Proposition 13, now stands in the way of the state responding to a devastating drought. How’d that happen? Plus, the Department of Energy is proposing billions in investment in power grid infrastructure to make it more reliable and secure. The U.S. suffers far more outages than other developed countries. And the entire system is vulnerable if extreme weather or human attacks take out transformers--devices which are essential to moving electricity long distances.
Airing on Monday, April 20, 2015: On Tuesday, Google revs up a revised mobile algorithm that gives preference to sites that are easy to read on mobile devices. You know, not desktop websites crammed onto little screens, but redesigned, reprogrammed sites. This is most likely going to affect small local businesses, whose sites will be pushed down the search list if they haven’t managed to keep up with digital change. Next, health and biotech firm stocks are performing well. We explore why.
Airing on Friday, April 17, 2015: German luxury car companies BMW, Mercedes-Benz and Audi have reported record-high global sales for the first quarter of 2015. Though these carmakers started out in the upscale market, they’re now pushing for a more inclusive customer base. Will entering the mass market hurt their prestige? We explore. Next, an outage at financial-data giant Bloomberg shows how much some traders rely on it. The event led some markets to stop trading and caused the U.K. government to delay certain bond sales. We take a look at why the ripple effect happened.