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, July 22, 2015: We're bouncing off a big day in tech stocks. Apple reported profits yesterday after the market close — Even though earnings were up, the company's stock went down. We'll talk more on how the company failed to meet investors' expectations. And an emerging debate in the Trans Pacific talks … cheese. Who owns the intellectual and property rights to make certain cheeses and foods? Washington wants to allow Asian countries to reject European trademarks for certain foods, which would open the doors for American producers of those products. Plus, bidding wars have resumed in many real-estate markets, but not because of easy mortgage money. So few houses are on the market that buyers are pitted against each other.
Airing on Tuesday, July 21, 2015: The senior leadership of Toshiba, one of Japan's biggest corporations, resigned today after an investigation showing the company had dramatically fudged its profits. More on that. And it’s the fifth anniversary of Dodd-Frank. We look at the biggest accomplishment of the law so far, and the biggest issue it’s not yet gotten to. And as you know we’ve been talking to people about the tools that they can’t live without while doing their job — their "Pro Tools." Well, our sibling program Marketplace Tech is doing a series called Noise Makers. All this month they’re talking to musicians about a piece of must-have technology or gear that helps the performer or the composer make their art. We'll talk about some of the Pro Tools he’s discovered while talking to professional noise makers.
Airing on Monday, July 20, 2015: Banks re-open in Greece today, but withdrawals limits remain. More on that. Plus, if you need a car service, there's an app. But what about massages? We talk to Samer Hamadeh, the founder and CEO of Zeel — a kind of Uber for massage therapists — about running a business in the sharing economy, and what it means to protect Zeel therapists by asking for a bit of personal information from customers.
Airing on Friday, July 17, 2015: The Senate passed an overhaul of the federal No Child Left Behind act yesterday. Annual testing will still be required in most grades, but the federal government will have less of a role in how those tests are used to hold schools accountable. U.S. Secretary of Education Arne Duncan joins us to talk about it. Plus, General Electric has asked the U.S. government for permission to do business in Iran. Ahead of the company’s earnings report out Friday, we look at General Electric’s strategy for doing business in that country. Puerto Rico missed a second bond payment as its finances worsened. Can it file for bankruptcy and, if so, would that be a solution to its debt problem?
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?