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, April 9, 2015: Greece's government is caught between its promises to ease austerity there and the bills is owes international lenders. But one milestone was just reached. We talk to Theo Leggett, business reporter from our partner broadcaster the BBC, about the large sum of money that's due today. Next, Harvard Business School has launched a new program to deal with a persistent imbalance; just 41 percent of its MBA students are women. Its outreach goes like this. For a fee of $500, women can take a peek at the business school by trying it out for a weekend. Finally, you typically measure the economy by counting when dollars change hands. That means dollars spent on bad things—like fixing a car after a crash—count the same as good things. We look at a key alternate measure called the Social Progress Index, which also looks at health, education, safety, access to information, personal freedom and other measures across the globe.
Airing on Wednesday, April 8th, 2015: There's news this morning that Shell--Royal Dutch Shell--will merge with another huge natural gas and oil company BG group for just under 70 billion dollars in cash and stock. BG provides a lot of the liquified natural gas in America and you know Shell already. Plus, California is experiencing the worst drought in a thousand years. A look at how that is hurting power generation. Finally, The government thinks patients, once released, are coming back to the hospital too soon. So a couple of years ago, the department of Health and Human Services decided to penalize a hospital's Medicare reimbursements if the number of patients who came back to the hospital within 30 days exceeded the national average. The result.... hospitals are spending lots of money to find ways to keep patients from coming back.
Airing on Tuesday, April 7, 2015: First up, more on news that FedExwill acquire TNT Express, a Dutch delivery company. Plus, we'll talk with Howard Schultz, CEO of Starbucks, about the company’s education initiative, Race Together, and activist CEOs.
Airing on Monday, April 6, 2015: The head of the International Monetary Fund, Christine Lagarde, spent several hours of her Easter Sunday with the finance minister of Greece, who offered assurances that his country will pay what it owes the IMF. Half a billion dollars is due the IMF on Thursday. It's not clear if Greece has the money, which has to come from somewhere. For that, we turn to John Psaropoulis, an independent reporter based in Athens. Plus, entrepreneurs are supposed to be able to sum up their company and why you should invest in it very quickly. That so-called elevator pitch usually takes place in offices, board rooms, coffee shops, even in elevators. But a business accelerator in Albuquerque, New Mexico came up with a new twist on this tradition: Do it on a ski lift.
Airing on Friday, April 3, 2015: The Nevada Supreme Court is running out of money because it’s funded by traffic tickets, and Nevada police are ticketing less. We look at the perils of unsound funding mechanisms. Plus, new jobs numbers are out this morning. How do these these numbers reflect on the ongoing economic recovery and why do wage increases remain sluggish? We investigate. Plus, the hotel business is a competitive one. One way high-end boutique joints stand out is with their art—but not always at a fine-art prices. Turns out, the hotels are using “art curators” to stand out, while employing digital printing and mass production to do it cheaply.
Airing on Thursday, April 2, 2015: Evidence is mounting that the U.S. economy may not be as robust as many investors and central bankers have touted it to be. This at a time when we've seen softening data on personal spending, manufacturing, job growth and auto sales. It's a situation that's heightened concerns that Friday's all-important jobs report could also be a disappointment. Plus, FICO has created a new credit score specifically for consumers with weak — or no — creditworthiness. We explain how the new metric will work, how it is different, and who will benefit most from it. And Missouri doesn't recognize same-sex marriage, but the governor there has allowed those couples to file state taxes as married couples. Other states that don't allow same-sex marriage have issued other workarounds. But in Alabama, there's a standoff between federal and state courts, with the state courts refusing to recognize same-sex marriage, leaving accountants at tax time flustered.