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 Friday, March 20, 2015: First up, we'll talk about the merger in Europe worth the euro equivalent of $44 billion, and creates the largest company in the world of its kind. More on that. And Michelle Obama is midway into her trip to Asia, where she’s launching her Let Girls Learn initiative. At last count, 62 million girls worldwide were not going to school. But rather than take a broad brush to all this, Obama is teaming with the Peace Corp to try and move the needle. Under the plan, the Peace Corps will recruit and train about 650 additional volunteers to focus specifically on adolescent girls' access to education — on a grass roots level, so they can identify specific barriers and come up with ways to remove them. We explore. Plus, the U.S. rail system is the mirror opposite of rail systems in other countries. In Europe, for example, passenger rail rules. But the U.S. freight rail system is widely recognized as the most efficient in the world. So why are we so different?
Airing on Thursday, March 19, 2015: Media entrepreneur and former mayor of New York Michael Bloomberg is teaming up with fellow billionaire Bill Gates to help low and middle-income countries fight legal challenges from tobacco companies. We'll have more on that. Plus, the National Urban League 'State of Black America' report is out Thursday. We look at how Blacks and Hispanics fare with education and the economy — this year for the first time, the report includes a state level education index. We'll also talk about Apple’s first day of trading on the Dow with Washington Post columnist Alan Sloan.
Airing on Wednesday, March 18, 2015: We're set to get the latest read today on when the Federal Reserve will hike interest rates. It may sound counter-intuitive, but rising interest rates may be a boon for the housing market. Plus: The EU is looking to make European governments exchange information about tax arrangements with multi-national companies, making "sweetheart deals" and tax incentives more difficult. Finally, the latest dispatch from the Marketplace Tech team down at SXSW. Privacy was the big theme at Austin's massive technology gathering in 2014. This year, it's anonymity.
Airing on Tuesday, March 17, 2015: First up today, China's stock market is back up to pre-2008 levels, we take a look at what's fueling that bounce back and why it took so long. Then: New figures out today are expected to show an increase in housing starts. We look at the state of housing, what it means for the wider U.S. economy and whether pent-up demand for housing is about to spur this laggard sector. Finally, this St. Patrick's day means a lot of heavy drinking, which in turn increases chances of sexual assault. From Savannah, Georgia, we take a look at the way bars are implementing bystander training to keep their establishments safe.
Airing on Monday, March 16, 2015: The Fed meets Tuesday. We explain what inflation data and indicators the Fed will be looking at in its deliberating an interest rate increase. Plus, Canada is proposing tougher standards for rail tankers that carry oil, after the latest oil train derailments involved oil coming from the Alberta tar sands. The rules would require replacing just about all tankers currently in service. The U.S. is considering similar standards.
Airing on Friday, March 13, 2015: China is leading the charge to build a global lender that could someday rival the World Bank, now Britain is joining in, rankling the White House. We get an update from the Financial Times' George Parker. Then: The White House has been looking at problems with local law enforcement. Not only did the Justice Department issue its report on Ferguson, Missouri, but a presidential task force on 21st Century Policing issued a report in March. In addition to the social costs, police misconduct costs money. One watchdog group found that Chicago paid out more than half a billion dollars over a 10-year period. How does the tab get so high?