Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
It's a total collapse for a global trade deal said to be worth a trillion dollars. The World Trade Organisation had hoped the agreement would add 21 million jobs around the globe, by easing customs rules. But India's refusal to sign means the deal's off, now that the deadline has passed. Plus, the housing crash sent many construction workers fleeing to other industries. Now that housing is recovering, builders are struggling with a shortage of skilled workers. That’s delaying housing starts and driving up home prices. And, Mark Garrison talks to Pro Publica Senior Editor Tracy Weber about their recent reporting on a company called USA Discounters that offers easy credit to military service members. The catch? If a service member falls behind, the company aggressively goes after them, by suing them in courts near its Virginia headquarters, making it incredibly difficult for service members to show up in their own defense.
John Kerry is going to India, but India isn’t coming to Kerry. The country’s leaders have refused to sign a WTO deal, insisting on a compromise over grain stockpiles. The WTO deal reportedly could mean a trillion dollars in stimulus and 21 million new jobs. If it went through, what would that stimulus look like? Plus, more fallout from the housing crisis, this time for Bank of America. It's tacking on another billion dollars to its growing bill for passing off garbage mortgages as smart investments. Also, commentators have a habit of blaming whole generations for various economic troubles. Millennials are in the crosshairs a lot lately, accused of everything from shackling the housing market to setting the stage for the next global crisis with their student loan debt. Baby Boomers are getting abuse, too. Some market watchers worry that as they sell their stocks to pay for retirement, the whole market will sag.
With Argentina on the brink of default, we take a look at how a difficult situation could get even trickier if a deal with U.S. hedge funds isn't struck soon. Plus, big urban hospitals are seeing a sharp drop in uninsured patients, which means millions in savings. But the new health care landscape has its own challenges, too.
With increasing sanctions against Russia, we take a look at what it could mean for BP's bottom line. Also, this week, 25 companies are looking to go public in the U.S. That would be the most since a week in August 2000 when 28 IPOs listed in the U.S. This week’s offerings are expected to raise some $6.8 billion. We look at what’s behind the current IPO frenzy and what it says about the wider economy. Plus, the U.S. is cutting down on carbon emmissions, but that doesn't mean we're mining any less coal. A look at where all that coal actually goes.
Dodd-Frank's fourth birthday, millennials prefer cash, and social impact bonds.
Global no-fly zones, the cap and trade of acid rain, and effective pop up ads.