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 Wednesday, Feb. 4, 2015: We'll lead with how today's strong dollar pulls value out of Michigan and sends it to Tokyo or Stuttgart. Plus, Coca-Cola is launching a premium fortified de-sugared lactose-free milk. Can Coke do for milk what it’s done for OJ and water? And when a city mismanages its water supply, getting neighbors to help out is no slam dunk. Waukesha, Wisconsin, is learning that as it seeks to tap Lake Michigan for its drinking water. Because of the Great Lakes Compact, eight governors have to sign off, even Andrew Cuomo way over there in New York, nearly 1,000 miles away. This story from our series looking at the true cost of water called "Water: The High Price of Cheap."
Airing on Tuesday, February 3, 2015: First up on today's show, Greece's firebreathing new finance minister goes to meet his critics. Plus, we'll talk to Ron Lieber, the personal finance columnist for The New York Times, about his new book that aims to teach parents how to raise financially responsible kids.
Airing on Monday, Feb. 2, 2015: President Barack Obama will reveal details of a budget plan that he will ask Congress to chew on. New info is emerging this morning on a piece of this that will be especially controversial: the President is proposing a tax on the foreign earnings U.S. companies stash abroad. More on that. And last night at the Super Bowl, two things happened nearly simultaneously: Butler picked off the pass at the one yard line to secure the Patriots win, and pre-printed Patriots Win commemorative gear went on sale. It's a huge industry and a lot of it is fake. Now, federal investigators have been trying to crack down. Plus, do you toil in distributed work environment? How do you "manage" the boss when they're across town or across the country or world? We look at how to work with a "Virtual Boss."
Airing on Friday, Jan. 30, 2015: President Barack Obama will propose a budget Monday that calls for ending the sequester, that set of mandatory budget cuts that came into effect in 2013 after democrats and republicans couldn't trim the budget on their own. We look at what the President will propose specifically. Plus, later this morning, the government releases its GDP calculation for the last quarter of 2014. It was a vigorous 5 percent annual rate summer to fall, but the forecasters are figuring something closer to 3.2 percent this time around. But with any GDP report, caveat emptor, as the Romans said. And more than a dozen brands will run first-time ever Super Bowl ads on Sunday including Skittles, Weight Watchers, and Always, maker of feminine hygiene products. That's the most newcomers to hit the extravaganza of selling since the dawn of the millennium.
Airing on Thursday, Jan. 29, 2015: First up, there's news this morning the Anglo Dutch company known as Shell managed to increase its profit even with gas prices collapsing. But Royal Dutch Shell stock is down in London because that profit was less than predicted. Some analysts blame this in part on the sharp downturn in Shell's shale oil business in the US. More on that. Plus, without official explanation from the company, McDonalds CEO is abruptly retiring at the age of 51. McDonalds' sales have been drooping in the U.S. for two years, with younger people going elsewhere for quick food. Some say its time McDonalds embraces both new technology and something as old as how we break our fast. And now that Detroit is out of bankruptcy and shed a crippling load of debt, you may have heard the positive buzz about creative types moving back, like the great Michigan city is now on a kind of Brooklyn, New York trajectory. The hope now is to bring in more jobs, investments and to rebuild neighborhoods.
Airing on Wednesday, January 28, 2015: If you want to make money, dominate a global cultural phenomenon. Apple, the iPhone company, just made a staggering amount of money. More on that. Plus, the Koch brothers’ plan to raise nearly $900 million for next year’s elections isn’t broad-based fund-raising. It will focus money from a few hundred people on state and national races. And profits on Wall Street have been falling as of late; But JP Morgan and Bank of America have found one niche market where revenue is guaranteed: Federal prisons.