Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
Airing on Thursday December 25, 2014: Twenty-one states are raising their minimum wages beginning January 1. That means Walmart, which has a large workforce making the minimum, will have to give raises to a lot of its workers. Plus, we look at why olive oil is getting so expensive. And if you're particularly fond of the movie "A Christmas Story," you might want to make the trip out to Cleveland to visit the house from the movie. This year marks a decade since its owner, Brian Jones, bought the house used for the film’s exterior shots for a flat $150,000 from its owners on eBay. It was a dilapidated mess and one of the many victims of the horrid housing market here in the city. But since sinking more than $1 million into its renovation, the Christmas Story house sees 50,000+ visitors annually year-round, and just last year started a foundation where money raised (about $60,000) goes towards helping other homes in the area get fixed up.
Airing on Wednesday December 24, 2014: More on news that South Korea has indicted the CEO of Uber. And ahead of the final Jobless Claims report for 2014, we take a final look at holiday hiring and its impact on the overall jobs numbers. Plus, in the wake of the Russian economic meltdown, we explore whether or not Russians are taking their money and panic-buying properties in London as a way to safeguard their money.
Airing on Tuesday, December 23, 2014: Venezuela, hit by falling oil revenues, is at risk of defaulting on its debts. Oil is a big part of its economy. What can it do? And college football’s new playoff system is shaking up the game off the field too. Some of the big companies sponsoring bowl games defected to another game or dropped their support altogether. Plus, Brad Katsuyama of IEX, joins us to talk about where Wall St and the tech sector converge.
Airing on Monday, December 22, 2014: More on the news that International Monetary Fund policies meant some West African countries underfunded their healthcare systems, possibly hampering the fight against Ebola. Plus, since gas is cheaper, we look at whether support for higher gas taxes has increased in states where they’ve been proposed. And health insurance premiums have seen dramatic increases that outpace inflation, but one thing has stayed the same: We know as little about the quality that your money buys you today, as we did 25 years ago.
Airing on Friday Dec. 19, 2014: In the last two trading days, the Dow Jones Industrial Average has gone up a combined 709 points, 421 points just on Thursday. Sounds like a holiday rally. More on that. And Amazon is launching a one hour delivery service for Manhattan, with plans to expand to other cities. What are the economics of instant delivery and why has it been hard to pull off for e-commerce retailers so far? Plus, the king of shale oil – Harold Hamm – made a terrible, horrible bet on oil prices. His firm, Continental Resources, had hedged against falling oil prices. That is, they pre-negotiated selling prices of $90 and higher even as oil fell. Then, with crude around $80, Continental chose to sell their hedges aka Going Naked. It was a bold bet that oil would rebound quickly. So much for that.
Airing on Thursday Dec. 18, 2014: First up, more on thawing relations between the US and Cuba after the prisoner swap yesterday. The deal also puts the spotlight on the leader of the Catholic Church who was directly involved in pushing Havana and Washington closer. We take a closer look at Pope Frances' diplomatic efforts. Plus, Nike’s second quarter fiscal 2015 results are out. We look at the power of the shoe, emerging markets, bright spots and challenges ahead for the company. And here's a gross generalization: Americans are a bold people who made this country great by embracing risk. So what's with the millennials? When it comes to investing, there's some data suggesting that people that enter the workforce after the turn of the millenium, people in their 20s and 30s now, are somehow risk averse?