Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
All eyes are on Jackson Hole, Whyoming, where Federal Reserve Chair Janet Yellen will speak Friday morning. We get an international perspective.
Plus, a new report from Zillow finds that renting isn't much better than buying when it comes to affordability. We look at why rents are so high and why some markets are more – or less – expensive.
Then, it's rare to see an ad for a political candidate or a committee in major newspapers. Campaigns tend to spend most of their money on TV time and web advertisements. But print ads are still an effective way to reach African-American voters, and as a result, they continue to be important sources of revenue for African-American newspapers.
Finally, New York City's public advocate Thursday pushed for police to wear video cameras in high-crime areas. This in the wake of Ferguson, Missouri and the death in of a man in New York after police used an apparent choke hold. Cops and cameras is a complicated matter, including safeguarding the video data and the cost of managing it.
The ACLU sues a school district in Massachusetts for letting only low-income kids take home their school laptops and other electronics. How common is this practice, and could this suit be the tip of the iPad iceberg? Plus, the Ebola epidemic is hurting the economies of African countries in two ways. One, they’re almost entirely dependent on outside aid to fight the epidemic. And two, as businesses shut down to protect workers, their economies shrink almost immediately.
Housing starts are up. What’s driving the encouraging increase? We look at the role of first-time home buyers. Plus, Uber has launched a new home delivery service called Corner Store. Customers can order items from a CVS or Walgreens and have them delivered right to their doorstep. Other companies have launched their own delivery services of late, including Google. Will this latest venture from Uber succeed in a growing market, and with its built in fleet of drivers, does it have the advantage?
First up, the world's biggest mining company, BHP Billiton of Australia and London, has announced that it's going to spin off $16 billion worth of businesses, essentially reversing a merger from 13 years ago. The focus now is old school stuff: digging for iron ore, copper, coal, and oil. And from the old to the new -- we've been following the emerging fortunes of a company that rents out your car while you are away: FlightCar. The peer-to-peer economy is the buzzword. Plus, ever heard the phrase, 'Buy the Rumor, Sell the news’? It’s used a lot these days when journalists cover wall street. But what does it really mean? What kinds of ‘news’ stories impact Wall Street trading, if at all? We report.
The California legislature is debating a bill that would make it harder for franchise companies to cancel contracts with their franchisees. The idea of strengthening individual franchise holders is supported by labor, which thinks it will empower franchise holders to make their own improvements to pay scales. Plus, when the Clippers deal is done, what has been accomplished? The NBA has a $2 billion valuation for a franchise, it has another billionaire owner, the Sterlings each take away $1 billion.
Ever wonder how the price of silver is set? For more than a hundred years, silver prices have been set globally in something called a silver fix. But that's about to change. Plus, Samsung recently did a little home shopping The South Korean electronics giant snapped up a start-up called "Smart Things" for around $200 million. It's a U.S. company that specializes in smart-home controllers. But Samsung isn't the only one seeing profit potential in the so-called internet of things. Hackers see it, too. And they're worried that if companies specializing in smart devices don't take the time to install proper security, hackers with bad intentions will use the internet of things to invade entire households.