Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
An insurance company’s suit against Chicago’s wastewater management system may be a harbinger of insurers forcing institutions and businesses to consider the effects of climate change. Plus, President Obama speaks today about the “need a 21st century transportation infrastructure” today, near New York’s Tappan Zee Bridge. Earlier this year, the transportation secretary did a Midwestern tour to tout infrastructure needs. It’s clear infrastructure is a political crutch these days, but that masks just how bad the nation’s infrastructure problems are. Also, we seem to be having a privilege moment. An essay on “check your privilege” written by a Princeton student has grabbed the national attention, to the point where the Kennedy School of Government will mandate first year students take a class on power and privilege. What’s going on?
An EU ruling on privacy has big implications for Google and other search providers. We as what does the ruling means for Google’s operations in Europe, and what it might mean for other providers on that side of the pond. Also: Retail sales were disappointing, and maybe even surprising. Why the monthly retail sales number isn’t all that the market cracks it up to be. Finally, FHFA head Mel Watt gave his first speech today, and it look as though he wants to open up the mortgage market a bit. We unpack what the change in direction will mean to the housing recovery.
The FCC is considering rules that would allow cable companies and other internet providers to strike deals with high-volume users like Netflix. We look at why shouldn’t the internet simply be regulated like a public utility? Plus, packaged food company Hillshire Brands announced it would acquire Pinnacle Foods for $6.6 billion today. This represents a battle for the center aisle of the supermarket. We report on how our buying patterns have changed when it comes to shopping in the center aisle, and what companies are doing to grab that market and make us buy more. Alos, this is television’s Upfronts Week where the networks unveil their new offerings in New York. It’s evolved into a major event drawing networks, advertisers, producers and critics. We report on what goes into making a successful upfront and how that’s evolved.
Apple is in talks to buy Beats, known for its trendy- and expensive- Beats by Dr. Dre headphones. IF it goes through, this would be Apple's biggest acquisition at a reported $3.2 billion. But Beats doesn't just make headphones. We look at Beats the company, its produts and services, and what it could offer Apple if te deal goes through. Plus, the breakdown of merger plans between Publicis and Omnicom is a reminder of how difficult it can be to execute a merger of equals that has the goal of a 50-50 arrangement. We investigate.
FedEx says it will charge by the size of a package into account when figuring out shipping costs. Bulky but lightweight items will get more expensive to send. We look at all the ripple effects a change like this can make, everything from how consumers might modify their buying habits to how big shippers like Amazon might consider more efficient packaging. Plus, Janet Yellen feels pretty good about most of the economy, except for housing. Activity in this sector has been disappointing, she said, and many economists agree. We report on what it would mean if the housing market can’t find its mojo. Then, we follow up on listener questions about her story on people who spend time in the “1 percent.”
Alibaba filed its IPO yesterday. But it hasn’t chosen an exchange yet, and the competition between the hot favorites, NYSE and the NASDAQ, will likely be intense.We report on how much money an exchange makes from a big listing like Alibaba. Plus, Stanford University is the first major university to divest itself of carbon-producing fossil-fuel investments – but only coal. Can coal producers be isolated when coal still generates nearly 40 percent of U.S. electricity and is integral to many other industries? Then, Coca-Cola has quickly abandoned an ad campaign whose tagline was “You’re on Diet Coke,” after people on social media took some shots at it.