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, 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 Plus, Irvine, CA, repealed a living wage ordinance on city contracts, becoming one of the first cities in the U.S. to buck the trend of minimum and living wage increases.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.
Airing on Friday, July 10, 2015: With banks still closed in Greece, we talk about what it's like to be a Greek banker in the midst of the financial crisis. Plus, Alejandro García Padilla, governor of Puerto Rico, says Puerto Rico's $72 billion dollars in debt is quote "not payable" and some form of default or bankruptcy is necessary to avoid a quote "death spiral." Here to talk about Puerto Rico's economy is Leon Krauze, Univision anchor and correspondent for KMEX in Los Angeles.
Airing on Thursday, July 9, 2015: More on the Chinese government's multi-pronged effort to recover from the drop on the stock market there. Plus, the NLCB as a civil rights law was initially created as part of the War on Poverty. Parents and teachers are fed up with over testing, but without some kind of annual testing civil rights activists worry poor and minority kids will continue to be left behind. It looks like annual testing is here to stay, but states will have more leeway to decide how scores are used and what happens to consistently failing schools. And with comprehensive immigration reform' on hold until after the 2016 election at the earliest, business advocates are turning to a narrower agenda—pushing to get more legal immigrants admitted to work in the U.S.