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.
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.
The NFL is arguably the country’s most powerful sports league. We look at the wide range of NFL corporate tie-ins and business interests that make this behemoth a multibillion-dollar concern. Plus, the SEC is going after the small fry. As part of its “broken windows” policy, it’s fining companies and individuals for small infractions and reaping small sums. But this is about more than just reminding Wall Street that the SEC is out there. It’s about showing how the agency, and its attitude toward enforcement, has changed under new management. Also, Twitter goes to the bond market in an effort to raise as much as $1.5 billion. This is likely an attempt to build up its advertising business, but Twitter remains unprofitable and borrowing is cheap. So what does this tell us about the economy?
Today, President Obama is expected to discuss his plan for sustained military operations against the Islamic State, or ISIS. We explain why that could be a game-changer for the U.S. defense industry. Plus, carriers that have traditionally subsidized the cost of phones, like Sprint and Version, have released new phone plans for the iPhone 6. But how do they keep their margins high whilst ensuring affordability for their customers? We a take look at how mobile phone carriers have responded to the release of the iPhone 6. Also, a report by the Kaiser Family Foundation shows that the Affordable Care Act has made few waves in the employer-based insurance market where 58 percent of all Americans get their health coverage. And while it may be a long way off. How employees get their insurance could look very different than it does today.
More employers are requiring college degrees for jobs that don’t really require skills learned in college — and are held mostly by people now who don’t have degrees, according to a new study. Why? Because they can. Does that mean we're producing too many grads for the jobs available to them? Plus, Home Depot's stock price is taking a beating after hackers breached the company's payment systems last week. Are retailers, like Target and Home Depot, doing enough to protect themselves and their customers from credit card hackers? We explore.
President Obama has asked Congress for $500 million to "train and equip appropriately vetted elements of the moderate Syrian armed opposition.” So, what do you get for $500 million? And how do you ensure your spending is not equipping the wrong people? Plus, the Chinese company, Alibaba, is having trouble helping potential investors understand just what it is the company does. The vast majority of its business is done overseas in a different language. So, what does it do? Also, today’s the last day to comment on a proposal that would make the revenue of stores, both super and corner, from food stamps public. We explain why it’s an issue and what the public has to say.