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, May 19, 2015: Wal-Mart announces its first quarter results on Tuesday. We look at what effect recent wage rises for Wal-Mart workers may have had on its bottom line. And the European Central Bank says it's going to front-load its bond buying stimulus going into summer. We look at what effect that has on the European markets. Plus, "Swatting" isn't a new prank, but new technologies are making it more common and more attractive to hackers. How big is the problem, and what are police departments and emergency call centers doing to fight it?
Airing on Monday, May 18, 2015: First up on today's show, we'll talk about Chinese prime minister Li Keqiang's visit to South America. Next: the tech sector in San Francisco may be booming, but the city's homeless are still suffering. And with real estate prices skyrocketing, pressure has intensified on the needy. Advocates say there's only about one shelter bed for about every six homeless people. New residents are clamoring for solutions. So the city is trying something a little different—a shelter with fewer rules and more open space.
Airing on Friday, May 15, 2015: Cosmetics company Avon is apparently a victim of a phony takeover bid. More on that. And all this year Marketplace has been reporting on the ways technology is changing the classroom. Our series, Learning Curve, is coming to an end in the next few weeks. But, not before we hear from parents. Marketplace commissioned a national survey, and Adriene Hill joins us to share some of the results. Next, Pedialyte, best known as a kids' remedy, is moving into the adult market by pushing itself as a hangover remedy. We look at the challenges of rebranding a kids product for grown-ups and moving into a crowded market.
Airing on Thursday, May 14, 2015: First up, more on the recommendation by an independent panel set up by the British government that the global pharmaceutical industry should come up with money to jump start research into ways to stop drug-resistant bacteria. And Jeep is entering the luxury SUV competition—along with Maserati, Jaguar and others—as SUV sales roar back, especially luxury SUVs. Plus, Sotheby’s is teaming up with Drake to curate music to pair with an exhibition of works by black artists on view at its New York headquarters. The hope is the auction house will be able to attract a more diverse (and younger) crowd of collectors to but the works.
Airing on Wednesday, May 13, 2015: First up, we'll talk about Facebook's push to house articles directly on its site. We'll also get a glimpse at Macy’s bottom line, which reports its earnings Wednesday morning. The company recently said it would open four discount stores in New York. We look at what’s driving that strategy for Macy’s and its competitors. Plus, we'll talk about the most expensive painting ever sold at auction ... and whether it was even worth it.
Airing on Tuesday, May 12, 2015: Later today, the republican senator who heads the Senate Banking committee, Richard Shelby of Alabama, is expected to release a so-called "regulatory relief" bill that is being called the most ambitious attempt to revamp financial regulations since the Dodd-Frank law. So what might this new bill do? And the New York Fed’s survey of household debt and credit is out Tuesday. Even as debt has crept back up, consumers have not been turning to home equity lines of credit —a borrowing tool that played a role in the run-up to the housing crisis. Plus, today we're launch a series called Pro Tool: Tools of the Professional. We're looking for that must-have device in the possession of anyone in the workforce; be they a welder or a bike messenger or a comedian. The first item in our series? A pair of scissors.