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.
As Alibaba, the Chinese e-commerce behemoth, debuts on the New York Stock Exchange we look at its ambitious founder Jack Ma and consider his significance. Plus, entrepreneur Jesse Herzog has designed a new kind of work suit and it’s a one piece suit with a twist. He calls it the suitsie. The concept might make you laugh (or not), but its creation begs the question: when did workplace dress codes, especially for office workers start to change? We investigate. Also, if your workplace has had you book travel plans on a website, chances are you used programming from the software company, Concur. Well, the Seattle-area based company is being gobbled up by another software giant, SAP. The cost of the deal for the German-based company? Over $8 billion. The acquisition is also expected to increase SAP's number of users for its cloud-based technology from 38 to 50 million users.
Nearly half of all households in major cities don’t have enough money saved to cover essential expenses in an emergency, according to a new study from Corporation for Enterprise Developments. We look at how much people are benefiting from the recovering economy when a job loss or major medical bill can derail their financial lives. Plus, the commercial space race is getting an added boost. Blue Origin, Jeff Bezos’ space venture, has announced a partnership with another space company to develop a new rocket engine. One that could potentially replace the Russian engines the US relies on – and gain an advantage over his rival, Elon Musk. Also, tomorrow the White House will unveil its campaign effort to curb sexual assaults on college campuses. It's called "it's On Us" and it focuses on the men's role in preventing sexual violence. Schools have been responding with training programs, tighter security etc. But there is a cost to getting these programs off the ground.
Yahoo is one of the biggest investors in Alibaba and the company stands to gain billions in the coming IPO. So what will Yahoo do with all that cash? Plus, the Fed’s Open Market Committee meeting concludes its two days of meetings in Washington today. Fed Chair Janet Yellen has hinted that interest rates could soon be on the upswing. But today’s CPI numbers came in lower than expected, and inflation continues to hover below the Fed’s 2 percent target. How much do low inflation rates complicate the Fed’s plans to raise interest rates? Also, not a good time to be embattled NFL commissioner Roger Goodell. Anheuser-Busch has fired a warning shot to the NFL, and hotel chain Radisson has pulled its corporate sponsorship from the Minnesota Vikings. But are some levers more powerful than others?
Whether it’s due to a weak slate of Fall shows or competition from the Web, big television networks are seeing a worrying decline in advertising revenue this quarter. Optimistic network execs see it as a blip, but could it be a signal of a bigger shift in the future of advertising to the masses? Also, a report says the cost of addressing global warming shrinks considerably when you consider the trillions the world is generally spending on power generation, transportation and infrastructure. The report’s proposals, however, still butts up against political realities. We investigate.
Clothing retailer ‘The Limited’ announced that it has teamed up with ‘Scandal’ star Kerry Washington and Lyn Paolo, the show’s costume designer, to launch a clothing line inspired by the hit TV series. We look at why retailers are increasingly going in this direction and how successful it's been for them. Plus, Microsoft co-founders Paul Allen and Bill Gates have committed a collective $59 million to fight the deadly Ebola outbreak in West Africa, substantially more than the U.S. government has so far put up to help end this Ebola epidemic. We explore what has changed and why philanthropies have felt the need to take the reigns in combating an acute international health crisis.
As the U.S. prepares to attack ISIS militarily, what implements of financial mass destruction does America have at its disposal to damage the fund-raising efforts of a non-state actor? Plus, logic suggests that a television show that receives high ratings, even on a cable channel, would have some longevity. But that’s not the case with the A&E show, Longmire. The show was abruptly cancelled after three seasons, despite millions of loyal viewers. Why did they pull the plug on Longmire? Also, the boardroom battle between Starboard and Darden, parent of Olive Garden, is heating up as a shareholder vote nears. Starboard, the activist hedge fund trying to take control, released a 300-slide presentation yesterday on what it will do to increase shareholder value. Get ready for fewer breadsticks and saltier pasta water.