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 Thursday, April 9, 2015: Google plans to offer subscriptions on YouTube. We want to look at how this will work, and what's behind it. The answer to the latter question will take in the fact that YouTube has a profit problem, and explain the landscape that is moving Google in this direction (streaming competition with Netflix, for example). Next, will people in Massachusetts, or Michigan, or anywhere, end up with less satisfying showers because of California’s drought? California is imposing new low-flow rules on faucets, showers and toilets. We look at how its huge new market for low-flow could swing manufacturers and other states in the same direction. Also, the deceased Latina singer Selena has been given a new lease of life. Some of her unreleased songs are being remastered and released, and she is going on tour. Or a hologram of her is, at least. So many questions. How big is the market for holo-acts?
Shell is teaming up with BP — just one of the many oil and gas mergers in the works. A look at the pressure for the industry to consolidate, and if some sectors are under more pressure than others.
Next, Greek prime minister Alexis Tsipras is in Moscow today meeting with Russian president Vladimir Putin. Financially-strapped Greece is making slow progress in debt talks with the EU, and some Greeks believe Russia may be able to help the country financially.
Also, California's drought is hitting the agricultural Central Valley hard. Farmers are, of course, business people, and if they only have a certain amount of water, they will invest it in the most lucrative crops.
Plus, John Hancock announced today it is the first life insurance company in the nation to offer financial incentives for customers with wearable health technology, who share that data with the company. How will it work, and will other companies follow?
Greece claims Germany owes it billions in reparations from World War II, which Germany denies. How Greece arrived at the claim, and why they are pushing for the money now — heavily in debt and badly in need of Germany's help.
Plus, recent California water restrictions will kick off higher prices to discourage waste. Cities that exceed new rations could end up paying four times as much for the extra water residents use.
Also, Microsoft announced plans to hire more people with autism. Is the initiative about altruism and corporate image, creating a more diverse workforce, attracting employees with specific skills, or all of the above?
The tentative deal with Iran to limit its nuclear activities would also lead to lifted sanctions. Iran has vast reserves of natural gas, zinc, iron and copper, not to mention 80 million consumers and a large, sophisticated middle class. The country could potentially become the largest, most important economy in the Middle East.
Plus, tomorrow U.S. Senator Rand Paul is expected to make official what's been widely speculated for months: he's running for president. When hopefuls announce can make a big difference, since candidates can't coordinate with super PACs, but those testing the water can, like Jeb Bush or Hillary Clinton.
Also, farmers have produced record corn crops the past two years, driving down their own prices by 20 percent. The record number came with converting millions of acres of grassland into marginal farmland — with a carbon footprint equal to 34 coal-powered generating plants.
Airing on Friday, April 3, 2015: The biggest loser of a Kentucky championship in the men’s NCAA tournament might just be the sportsbooks in Vegas. Gamblers have put a lot on Kentucky to win, including tens of thousands of dollars of bets made at 50-1 odds that the Wildcats would go undefeated. That means big liability for the house. On a day the stock markets are closed, we look at the gambling markets. We investigate. Plus, Labor Department figures released today show that employers added just 126,000 new jobs in March. Thousands of jobs in oil and gas extraction were lost as oil prices continued to fall. We recently visited the Bakken shale oil field in North Dakota, where employers and workers are feeling the pinch. Also, oil prices dipped today after news of a framework for an Iran agreement and eventual lifting of sanctions. But Iran oil won’t flow freely for a few years to come, most likely. We look ahead at what that new oil world, once again including Iran, might look like.
Airing on Thursday, April 2, 2015: The U.S. Commodity Futures Trading Commission alleges that Kraft Foods Group and Mondelez Global manipulated wheat futures as part of a plot to drive down the physical price for wheat they used to make products like Oreos and Ritz crackers. So buying wheat futures to hedge price risk: legal. Buying wheat futures to fake out the market and lower prices: illegal. How do you draw a line between the two? Plus, speaking at an economic conference in Washington, Federal Reserve Chair Janet Yellen again hit on the idea that income inequality is a problem. In fact, she called it a "disturbing trend." The central bank’s mandate is clear: promoting full employment and keeping inflation in check. What can (and should) Yellen be doing about income inequality. We explore.