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.
The White House is touting its record of bringing foreign investment to the US. We evaluate the claims and explain the many factors at play when it comes to insourcing and outsourcing. Plus, Dairy Queen comes to Manhattan – what does the arrival of heartland America mean to the island of Duane Read, Carvel and Tad’s? Also, Google is buying Divide, a New York-based startup. Divide does just what it says on the tin: it allows users to separate work and play on their mobile devices. Useful for businesses because they’re able to better secure and control the work side of their employees mobiles. Better for individuals because they can secure their personal data.
The deal has been struck. AT&T announced it will aquire DirecTV for approximately $49 billion. We unpack all the pieces in play in this AT&T-DirecTV deal, and look at the sales job the company will have to do for regulators. Plus, Attorney General Eric Holder charged members of the Chinese military with "economic espionage." We look at the reaction following Monday morning's public announcement. Also, the U.S. is stepping up efforts to help Latin American coffee farmers fight a fungus called "coffee rust" that has been devastating coffee crops throughout the region. Finally, USAID today is announcing a $5 million partnership with Texas A&M's World Coffee Research center to tackle the fungus, which has cost Latin American coffee farmers $1 billion and could drive up coffee prices in the US.
The co-head of Deutsche Bank told his traders to stop being ‘boastful, indiscreet and vulgar’. An interesting admission – but is it a realistic demand? Or is he really just asking them to take it offline? Plus, if you had Red Lobster on one side of the street and Olive Garden on the other, which one would you choose? And if you owned both those casual-dining chains, which would you choose to keep? Darden has decided to sell Red Lobster and revamp their Olive Garden franchise. We investigate. Also, a recent review of sales per square foot of U.S. retailers found Apple at the top of the list. Makes sense given how pricey its items tend to be. Ditto with Tiffany, which came in at No. 3. But what about the Murphy gas station chain, which came in second place? We look at how these stores ended up atop this list, and what show-rooming and online sales have meant for this kind of ranking.
The starting point of the F.C.C.'s current rule-making is the apparent need for rules. And a starting point for that is Netflix alone comprising more than a third of all internet traffic because of streaming video. What's the effect on the system from giant users like Netflix and YouTube? Plus, the NCAA announced its plans to penalize more than 30 colleges for poor academic performance by their scholarship athletes. All are relatively small institutions, none in the wealthy power conference, and many are historically black colleges. We look at how the how the NCAA's academic support for athletes works. Also, Jill Abramson was let go yesterday as the executive editor for the New Yor Times. But before she was dismissed, her bosses brought in an executive coach to work with her. Executive coaches have become something of a fixture in companies, but do women have different issues to men?
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.