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 Friday, May 1, 2015: First up, electric-car maker Tesla says its developing a battery that will allow folks to store and use solar energy at home. But why is a car maker trying to disrupt the power grid as we know it? And between the Kentucky Derby and that boxing match, we'll talk more about what will be a big weekend for gamblers and the betting industry. Plus, in most places around the country gas prices have been under $3 for the last six months, which put a chunk of unspent money in drivers' pockets. But here's the thing: that money doesn't seem to have done much in the way of economic stimulus. We take a look at why that might be.
Airing on Thursday, April 30, 2015: There's news the Wall Street powerhouse known as Goldman Sachs is investing heavily in Bitcoin. We look at why is a financial services titan going so "indie" by embracing a digital virtual currency. Next, for the first time in decades, the draft will be held outside New York, in Chicago. The city went after the event, which will be a three-day NFL marketing extravaganza as if it were the Olympics. We explore what’s in it for Chicago, and of course, what’s in it for the NFL. Plus, word is Carly Fiorina, the former Hewlett-Packard boss, will launch a campaign for president probably on Monday. When will New Jersey governor Chris Christie announce? He's not even said he's running even though his public posture often has a candidate-like bearing. Which brings us to what is possibly a paradox. Marketplace regular and Washington Post columnist Allan Sloan and ProPublica have been looking into why Governor Chris Christie, fiscal champion, runs a state that's had nine credit rating downgrades during his tenure.
Airing on Wednesday, April 29, 2015: Greece is under pressure to come up with new plans to cut budgets and stimulate growth to repay the money it owes. Less visible today will be Greece's finance minister. More on that. Plus, a conversation with George Zimmer, entrepreneur and former CEO of Men's Wearhouse, on the subject of how we pay workers in America.
Airing on Tuesday, April 28, 2015: You'd think the relatively low cost of gas would have changed this headline a little bit more...But nope. Oil companies BP and Total both announced better than expected earnings numbers today. More on that. Next, Nepal has been devastated by the weekend’s earthquake, which has killed thousands of people and damaged infrastructure worth billions of dollars. The country is calling for aid but how does the dollar given by a donor actually get to help people on the ground in one of the world’s poorest economies? And millions of high school students are nervously cramming for Advanced Placement exams, which start next week. But there won't be nearly as many low-income and minority kids in those seats as there could be. This is what's known as the participation gap. And it's the reason a group of education and business organizations will today announce a $100 million initiative aimed at getting more minority and low-come students students into AP and International Baccalaureate classes.
Airing on Monday, April 27, 2015: First up, the once powerful leader of one of the controlling clans at the German automaker Volkswagen has resigned after provoking then losing a power struggle. More on that. Plus, insurance rates for vehicles vary widely from state to state, a new survey shows. We look at state regulations and other factors that explain the differences. And you know when you go to your Uncle Freddie and ask to borrow money? You know, instead of putting on a tie and going to plead at a bank? Renaud Laplanche is CEO of a San Francisco-based company called Lending Club where Uncle Freddie types with money to lend can mix and match with people who need money. We talk to Mr. Laplanche to figure out just how it works.
Airing on Friday, April 24, 2015: A merger of cable giants Comcast and Time Warner Cable appears to be off the table. Several media reports cite sources in position to know, suggesting the union will be abandoned mainly because U.S. regulators think it would be—in the end—anti-competitive. Next, Democrat Sen. Patty Murray plans to introduce a bill to Congress in the next few days that would increase the minimum wage to $12 by 2020. Democrats are rallying around this plan. We look at the broad details of this proposal and ask why $12 as opposed to $15, which labor groups have been fighting for, or $10.10, which the White House has backed. We'll also talk to Dan Nardello, CEO of Nardello & Co, about labor violations at NYU’s Abu Dhabi campus.