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 Monday, July 20, 2015: Banks re-open in Greece today, but withdrawals limits remain. More on that. Plus, if you need a car service, there's an app. But what about massages? We talk to Samer Hamadeh, the founder and CEO of Zeel — a kind of Uber for massage therapists — about running a business in the sharing economy, and what it means to protect Zeel therapists by asking for a bit of personal information from customers.
Airing on Friday, July 17, 2015: The Senate passed an overhaul of the federal No Child Left Behind act yesterday. Annual testing will still be required in most grades, but the federal government will have less of a role in how those tests are used to hold schools accountable. U.S. Secretary of Education Arne Duncan joins us to talk about it. Plus, General Electric has asked the U.S. government for permission to do business in Iran. Ahead of the company’s earnings report out Friday, we look at General Electric’s strategy for doing business in that country. Puerto Rico missed a second bond payment as its finances worsened. Can it file for bankruptcy and, if so, would that be a solution to its debt problem?
Airing on Thursday, July 16, 2015: The Greek parliament adopted new austerity measures last night, paving the way for a new rescue package. We check in on the reaction in Europe. Plus, Goldman Sachs had issued a report saying that cheap oil, so far, has had a much more obvious negative impact on the economy than any positive impact on consumer spending. More on that. Plus, Irvine, CA, repealed a living wage ordinance on city contracts, becoming one of the first cities in the U.S. to buck the trend of minimum and living wage increases. We examine what's behind the change.
Airing on Wednesday, July 15, 2015: Greece's parliament will vote today on the rescue package agreed to earlier in the week. But yesterday, the IMF released a paper warning the bailout plan may not work without more debt relief for Greece from the eurozone. More on that. Plus, with the lifting of sanctions in Iran potentially on the way, we took a look at how long will it could take for Iran to increase its oil production enough to affect global prices and show up in gas prices here in the U.S. And with Emmy nominations set to come out Thursday, we ask the question: Does anyone still care about the Emmys?
Airing on Tuesday, July 14, 2015: After years of negotiations, Iran and six major world powers have reached a deal over the country's nuclear program. The agreement aims to curb Iran's production of nuclear weapons in exchange for the lifting of certain sanctions. This could mean a huge bump in Iran's oil exports. More on that. Next: Big banks report earnings this week. JP Morgan Chase is Tuesday. Later in the week, Goldman Sach and Wells Fargo release their earnings. Marketplace's Mitchell Hartman explains what banks are facing that could influence their earnings outlook. What is on their balance sheets? We explore. We'll also speak with UT Austin’s James Galbraith, a former colleague of Yanis Varoufakis, about the Greek crisis.
Airing on Monday, July 13, 2015: A deal has been reached to keep Greece in the eurozone. For more, we'll check in with Kai Ryssdal, who joins us from Athens. Also on the show, a conversation with Sarah Shapiro, co-creator of the TV show Unreal, about reality TV and spoofing it.