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.
Airing on Friday, March 6, 2015: Another oil train derailment —this one outside Galena, Illinois. Based on the amount of oil shipped by rail, federal authorities estimate there could be a dozen of these a year or so. We look at what the U.S. will propose for greater safety and whether railroads will stop being secretive about where oil trains are running. Plus, Apple joins the Dow and AT&T gets the boot. We what the means for Dow and Apple.
Airing on Thursday, March 5, 2015: China has just set 7 percent as its target for annual growth, which would be its slowest growth in years. But what would 7 percent growth look like in the U.S.? Is it even possible in a developed country like the U.S.? We investigate. Plus, Etsy will be one of the biggest tech IPOs to come out of New York in recent years. But Etsy was built on a philosophy of handmade and small-scale — its roots are in the “maker movement”. How will this sit with a shiny future on Wall Street? We explore the culture clash behind the ETSY IPO. And after, oil prices are up. But futures prices are even higher. This creates a situation that oil traders call ‘contango.” The situation is now becoming so extreme that some banks are calling it “super contango.” What does it mean? It means some people are gonna make bank. And unlike most plays in the commodity markets, this one comes with no risk and a cast-iron guarantee to make money.
Airing on Wednesday, March 4, 2014: Toyota’s appointment of a French executive as its first executive vice president from outside Japan is a cultural landmark as well as a business one. Japan frets over its economic “Galapagos Syndrome,” a concern that its cultural insularity makes it noncompetitive in global markets. Toyota’s move to open its top ranks is a major shift we look to explore. Plus, off the back of the revelation that Hillary Clinton used private emails for State department business, we ask whether, and to what extent, other corporate leaders also do this, why they do this, and what the regulatory and security implications are. Also, the small all-girl liberal arts college Sweet Briar will pull the plug on itself, at the end of the semester because of “insurmountable financial challenges”. While Sweet Briar may be unusual for doing this before things totally fall apart, lots of small liberal arts schools, especially regional ones, are facing the same scary future. We investigate.
Airing on Tuesday, March 3, 2015: Israeli Prime Minister Benjamin Netanyahu’s address before a joint meeting of Congress this morning was about Iran and its nuclear program. But it was also about politics. And where politics go, money is sure to be close behind. We investigate. Plus, the dating app Tinder just came out with a premium model. If you want to swipe through more than 100 profiles you'll have to pay up — $10 a month for users under 28 and $19.99 for anyone older. How will this new pricing affect how consumers use the plus version of the popular app given its lack of endless, free swipes? This and more.
Airing on Monday, March 2, 2015: Google is going into the mobile business and will begin building out a network in the coming months. We look at why the tech giant has decided to venture into this sector, how it will work, and how it make money in this crowded marketplace? Plus, in a short amount of time Fiat-Chrysler is transforming the iconic but American-centric Jeep into an international brand. The Jeep renegade is now built in Brazil and Italy and will soon start production in China and India. The company expects to be rewarded with a huge increase in sales. We investigate.
Airing on Monday, March 2, 2015: For the second time in three months, China's central bank has cut some key interest rates. Chinese policy makers have been worried about slowdowns in growth, especially in the real estate and manufacturing sectors. More on that. Plus, Netflix’s original programming doesn't carry advertising — a big attraction for viewers. But its business model does include product placement within shows like “House of Cards.” And a Twin Cities housing advocacy group reports that even though Minnesota’s unemployment rate is now 3.7 percent, another measure of the economy is still rotten: "nearly 4,000 children and youth had been identified as homeless across several larger school districts, the highest number to date since data collection began for this report.”