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, 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.
Airing on Tuesday, January 27, 2015: If you're a global company based in the U.S., a strong dollar doesn't necessarily benefit your business. More on that. Plus, the Irish airline Aer Lingus has approved the takeover bid by the parent company of British Airways. More on what happens next. And more and more healthcare is happening outside of hospitals. Often, that means patients are getting basic care at big retail stores. In Southern California, Kaiser Permanente recently opened four clinics inside Target locations. But when providers go out to meet patients where they are, can security get lost along the way?
Airing on Monday, January 26, 2015: A leftist coalition is taking power in Greece, now that the results are in from this weekends general election. The new government promises to ease what has become years of grinding austerity and to cut payments on Greece's debt. More on that. Plus, you may be the exception, but odds are this weekend you did not go to opera, dance, live theater or the museum. The National Endowment for the Arts says attendance continues to fall. And those who show up are getting older. Through a series of reports, the NEA wants to give arts organizations new insights into the what patrons, dare we call them consumers, want.