Marketplace Morning Report

Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.

Recent Episodes

10-16-2014 Marketplace Morning - Giving to fight Ebola

Yesterday was another crazy trading day in the U.S. with some big swings. The markets have had a lot to process, and there's a sense among many investors that this kind of volatility's going to continue. More on that. Plus, Facebook's CEO and co-founder, Mark Zuckerberg, made a $25 million donation with his wife, Dr. Priscilla Chan. The money is going to the CDC's philanthropic arm, the CDC Foundation. We speak with her about what motivates the large gift.
 

10-16-2014 Marketplace Morning - Giving to fight Ebola

Yesterday was another crazy trading day in the U.S. with some big swings. The markets have had a lot to process, and there's a sense among many investors that this kind of volatility's going to continue. More on that. Plus, Facebook's CEO and co-founder, Mark Zuckerberg, made a $25 million donation with his wife, Dr. Priscilla Chan. The money is going to the CDC's philanthropic arm, the CDC Foundation. We speak with her about what motivates the large gift.
 

10-15-2014 Morning Report - Global avocado sales ripen

When the markets closed yesterday, a barrel of U.S.crude oil was trading at $81.84. That's the lowest it's been in years, and it's bringing down the cost of gasoline. That may be good news for consumers in this country, but there is a growing debate among countries that export oil about whether prices have fallen too far, too fast. One of those countries, Venezuela, has called for an emergency meeting next month. More on that. And Medicare's open-enrollment period starts today, and some beneficiaries will notice a few changes to the program. As baby boomers retire, Medicare is being pulled in new directions. Plus, the U.S. is the biggest importer of Mexican avocados. Every year, Americans eat 1.7 billion pounds of them. But Mexico is eyeing an even bigger market: Asia.
 
 

10-14-2014 Morning Report - Nobel laureate Jean Tirole

A lot of lending isn't subject to regulation; It takes place in what's called the shadow banking sector. The players are hedge funds, money market funds, and private equity groups. This posed a big problem during the financial crisis, as there wasn't enough liquidity. Now, international regulators have come up with a new rule designed to keep that from happening again. Plus, many banks are expected to announce quarterly earnings today, and many analysts expect to see profits in a place that's hasn't been that exciting, traditionally: credit cards. And the French economist Jean Tirole is the newest Nobel laureate. The Swedish Academy called him "one of the most influential economists of our time."
Tirole's spent his career studying regulation and how markets work, concluding different sectors have to be regulated differently. A few hours after Jean Tirole was named the recipient of this year's Nobel Memorial Prize in Economic Science, we spoke with him by phone.
 

10-13-2014 Morning Report - Ireland may close tax loophole

It's advantageous for companies to do business in Ireland because of how that country calculates taxes. Tech giants like Google, Facebook and Apple have set up subsidiaries there, and in doing so, have saved billions of dollars thanks to a tax rate that's way lower than the rates in many other countries. Well, the Irish government is expected to unveil a new budget tomorrow, and there are reports it'll include a proposal to close that tax loophole. Plus, financial innovation in the housing market is back. We're hearing terms like "R-E-O-to-rental securitization, or "rental backed-securities." If you're having flashbacks to the a sub-prime crisis, you're not alone. But many are saying this is a different animal.

10-10-2014 Morning Report - Electronics and earth metals

The sell-a-thon persists on world stock markets this morning. This is the week that the International Monetary Fund revised downward its forecast for economic growth around the world, not so much the U.S., but a lot of other places, including Asia and Europe. More on that. Plus, we talk about a connection between the digital device that so many of us can't seem to do without and digging big holes in the ground--Electronics need certain rare metals and other natural materials that are often in limited supply and hard to find.