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 Tuesday, March 10, 2015: The rarified world of international banking is getting some new talent with news the longtime CEO of Credit Suisse is out. Although the management change was sudden it hardly comes out of nowhere, given the Swiss bank's struggles in recent years with new regulations that followed the 2008 financial collapse. More on that. Plus, when the housing market exploded, the fall out rained particularly hard on a handful of U.S. cities: Las Vegas, Phoenix, Atlanta. Yet in the last year, home prices across the country continued to edge up, leading to some optimism that even hard-hit cities were recovering. But if you visit the suburbs of Atlanta, you might find a tale of two recoveries.
Airing on Monday, March 9, 2015: Today, the biggest credit reporting companies will announce changes on how they collect, check and report on the bill paying habits of 200 million Americans. Changes are focused on how they handle errors on the all-important reports and how those reports track unpaid medical bills. We have more on this emerging story. Plus, privacy advocates are concerned about a cyber security bill drafted by the Senate Intelligence Committee. The committee wants to make it easier for companies to share information on potential cyber attacks with the government. Critics counter that ‘sharing’ will make it easier for the government to spy on its own citizens. We explore. Plus, as Marketplace heads South to Austin, TX for SXSW, reporter Adriene Hill joins us to talk about SXSWedu, a festival and conference where education meets innovation.
Airing on Friday, March 6, 2015: In just a couple hours, the Labor Department will release new numbers on unemployment, including the unemployment rate, and how many jobs the U.S. economy added last month. There is a tendency to focus on the headline numbers. But a new report from the Economic Policy Institute reminds us it's important to dig deeper. And in the United Kingdom, law enforcement has been focusing on cyber crime. It's National Crime Agency arrested dozens of suspected hackers this week. Plus, now that McDonalds is promising us antibiotic free chicken, who else will join this movement and how is this potential trend going to affect the supply chain from farm to table and ultimately the price for the consumer.
Airing on Thursday, March 5, 2015: Later today, the Federal Reserve will release the first round of results of the latest round of "stress tests" the Fed's performed on 31 of the world's biggest banks. They're part of the Dodd-Frank Act congress passed after the financial crisis. More on how those tests work. And at the beginning of the financial crisis, the Bank of England held a series of auctions designed to encourage lending. Well now, there are allegations those auctions were rigged. And this morning, we've learned there is a fraud investigation into how the UK's central bank and traders may have behaved. Plus, with U.S. fourth quarter productivity numbers out today, an explainer on the relationship between an improving labor market and productivity.
Airing on Wednesday, March 4, 2015: The Reserve Bank of India made a surprise announcement this morning: For the second time in two months, India's central bank cut a key interest rate. More on that. Plus, Ukraine’s central bank is raising its interest rate from 19.5 percent to 30 percent. The hike comes as the government is seeking a $17.5 billion assistance program from the International Monetary Fund. Inflation is rampant and the national currency has tumbled since Russia annexed Ukraine's southern Crimea peninsula and pro-Russian separatists took up arms in the country's east. We look at the reasons behind the hike in the interest rate. We'll also talk about FEMA's partnership with the popular food chain, the Waffle House in the southeastern U.S. during emergencies to measure the impact of disasters.
Airing on Tuesday, March 3, 2015: In a speech before Congress today, Israeli Prime Minister Benjamin Netanyahu — in Washington at the request of Congressional Republicans — will denounce the push for a diplomatic resolution to a nuclear weapons agreement with Iran. At a time of strained political relationships between the U.S. and Israel, we take stock of the business relationship between the two. Plus, there's a new report out today from the European Union on climate change and the environment. The good news is progress on reducing pollution has been significant. The bad news? Progress has also been insufficient. We'll also take a look at the upcoming case going before the Supreme Court that challenges tax credit as outlined in the Affordable Care Act.