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, 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.
Airing on Monday, May 11, 2015: More on Russian President Vladimir Putin's meeting with German Chancellor Angela Merkel. And speaking of Russia, that country and China are putting $2 billion into an agriculture investment fund, but given the scale of agriculture in both economies, it looks more diplomatic farming is the purpose more than food farming. Plus, you may get annoyed when you are stuck behind one of them on the highway, but commercial trucks are are the backbone of this country's economy. 70 percent of all domestic goods are delivered by truck. The number of trucks on the road is going up every year, but so is the number of trucking-caused accidents.
Airing Friday, May 8, 2015: We'll receive the latest jobs report later today. We check in with our reporter Mitchell Hartman on what to expect in today's number. Across the Atlantic, the seemingly endless Greek debt crisis continues. The eurozone finance minister will decide whether to release $8 billion in bailout money.Flint, Michigan started to draw its water from the Flint River, which residents say has made their tap water undrinkable.
Airing on Thursday, May 6, 2015: First up, we check the pressure in the global stock market. Alexion—a biotech company with a single drug company— is buying Synageva, a biotech company with a single drug on the market. Yet, they’re two of many biotech companies that are betting on a business in which they develop a drug for a rare disease and charge a ton for it. Next, voters go to the polls in a general election in Britain today. Inequality has been a key theme of the campaign. It has been getting some traction from one policy in particular: a plan to close a tax loophole.