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, July 6, 2015: On today's show, we'll talk about the future of Greece, its economy, and the eurozone, after voters in Greece said no to the terms of a financial rescue. And city officials in Chicago are making $200 million in cuts – laying off staff, delaying maintenance and reducing transportation. We look at where the cuts will fall, why they’re being made, and what public reaction has been.
Airing on Friday, July 3, 2015: With Greeks heading to the polls on Sunday, the IMF is saying Greece needs $66 billion over the next and more flexibility from its lenders. More on that. Plus ... they’re back! And they’ve got their eyes on you. In an effort to reduce “shrinkage”, aka shoplifting, Wal-Mart brings greeters back to the front of the store. Seems that simple act of being seen and greeted as you walk into a store, may cut down on your urge to take a five-finger discount. And Philadelphia just became the largest city in the nation to legalize rentals through online marketplaces like Airbnb. Why did officials decide to go this route and does it really make a difference for consumers choosing this type of rental accommodation over a traditional hotel?
Airing on Thursday, July 2, 2015: Major U.S. airlines are the subject of a federal investigation by the Department of Justice looking into whether they may be illegally coordinating to keep ticket prices up. More on that. Plus, we'll talk about New York City's ban on so-called “poor doors,” the separate entrances to mixed-income buildings that were to be used by lower-income residents. Plus, a conversation with Elizabeth Holmes, who at 31 is the youngest female, self-made multi-billionaire in America, according to Forbes. The company Holmes created, Theranos, developed a home blood testing kit that could challenge the business model of medical labs.
Airing on Wednesday, July 1, 2015: The Prime Minister of Greece has reportedly sent a letter to the European Commission agreeing to most of Europe's conditions for a financial bailout. We'll talk to Elena Panaritis, chief economic advisor to the Greek Ministry of Finance, for more. Plus, starting Wednesday, career and vocational programs are facing tougher regulations years in the making. The new so-called “gainful employment” rule is meant to crack down on programs that load students up with debt for courses that don’t lead to decent jobs. Next: As the economic crisis worsens in Puerto Rico, more and more of its inhabitants are leaving the island for the Mainland. We take a look at what impact that is having on Puerto Rico and on the U.S.
Airing on Tuesday, June 30, 2015: Banks are rationing cash, European creditors are closing in — Sounds like the current situation in Greece. But that was Cyprus, two years ago. What was learned and will Greece heed any of those lessons? Plus, President Barack Obama is moving to make millions more Americans eligible for overtime pay. More on that. And in Nairobi, Kenya, an upscale mall attacked by terrorists is preparing to reopen. Kenyan officials plan to reopen part of the mall on Wednesday, but as we find out, not everyone is happy about it.
Airing on Monday, June 29, 2015: With banks shut down in Greece until July 6th, we'll check in with Marketplace's Stephen Beard for an update on the ongoing debt crisis. We'll also talk about what a shut down of banks looks like for Greek citizens, and the implications of the country possibly exiting the Euro. Plus, the International Regulator of Banks says world financial authorities may have run out of tools to fight the next financial crisis. More on that. We'll also talk about a new study by the UN Office on Drugs and Crime that says Afghanistan is producing record amounts of opium, and the U.S. has been flooded with cheap heroin. We look at the economic reasons for opium cultivation there and what the U.S. is doing to address the problem.