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.
A boost to food stamps funding leftover from the government’s 2009 stimulus package is expiring. How will families, grocery stores, and corporate America feel the pain? The Container Store’s share price doubled shortly after its IPO this morning. Some might think that high-end organizing is a sign the economy is doing well. And Marketplace's Queena Kim goes on a mission to find out what the Google Barge is all about … or not.
The FAA has allowed airline passengers to use some mobile devices during takeoff and landing. But they still want you to shut off your tablet during the all-important safety message before takeoff. The Select USA conference is taking place in Washington. The goal is to convince investors from across the world that the U.S. is an attractive place to invest. A report out today shows more people are quitting their jobs. Is this more confidence in the job market? Or about healthcare mobility?
The Federal Reserve reaffirmed, to no one's surprise, that its stimulus will continue. So if that's not surprising, why are investors and economists so concerned about when the Fed might decide to "taper?" Also, the National Black Child Development Institute says the conversation around poverty and development goals for the African-American community need to be shifted. And finally, the battle to save coal from President Obama’s alleged War on Coal is now fully engaged. The coal industry and its political supporters have launched their counterattack to EPA rules.
There are perils for too-low inflation for too long, because inflation can help wages and companies grow. Plus, in rural areas, one out of every 5 landline long-distance calls doesn't go through. How far behind have rural areas been left? Finally, as smart phones gained popularity, people quit looking at their wrists to tell the time. But now the wrist is back. Samsung and Google could be about to spar over that piece of real estate.
Talk about early adopters. Tiny kids are rivaling eight-year-olds in screen time, some are getting their own screens, and device makers are no doubt drooling over the possibilities of cashing in on the gift that keeps on giving. Plus, pending housing starts are disappointing and industrial production is up. Business spending was less than expected last week. Has the shutdown scared people that much -- or are there other dark clouds on the horizon? And finally, even some Democrats are saying the sign-up period for the Affordable Healthcare Act should be extended.
Painkillers are some of the most abused drugs on the market. The FDA has been looking for ways to stem that abuse. Now it has reclassified certain painkillers as Schedule II, which means everyone involved needs to jump through more hoops to get the drugs. Plus, Instagram has come up with an obvious way to generate revenue: It's going to start including advertising in users photo feeds. Finally, Spalding is rushing to make basketballs with the new NBA commissioner’s autograph so they’re ready when he takes office.