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.
Now that the elections are over, the one thing most people can agree on is that not much will change. This is great for Wall Street because stasis means certainty. And Wall Street loves certainty. Plus, Denton, Texas is special. It sits on top of a huge shale oil reserve. The oil industry went all in to defeat the proposal and it passed with nearly 60 percent of the vote. Turns out maybe people don’t like living in an oil field. Finally, emojis are about to get more racially diverse. We take a broad-brush look at the emoji industry, and the money behind creating and spreading the little pictograms.
If Saudi Arabia does drive oil prices down more, the first to feel it may be the drillers whose fracking operations are financed by borrowed money. What happens if the investors shy away? Plus, gas prices has dropped to their lowest price in four years. Some analysts say that consumers are spending their savings elsewhere. We examine these claims. Finally, Verizon and AT&T are using sophisticated technology to monitor which internet sites their mobile phone customers visit and target ads based on their interests. The markers have been dubbed “supercookies” by critics, who say they are so powerful that it’s difficult for users to turn them off.
Janet Yellen meets with President Obama today to discuss the economy. In her first year she’s offered actions and comments that suggest her ideas of how her version of the economy should look. Plus, the world’s third-largest ad agency, Publicis, looks set to buy a US based digital ad specialist Sapient. Will this deal help the advertising giant keep up with its digital competitors and stay relevant in a changing advertising industry? Finally, Taylor Swift has pulled her music from the streaming service Spotify. We look at the narrow business model that streaming services like Spotify have, how small the payments to artists are and how dependent Spotify and others are on their content.
The U.S., Europe and now Japan are pouring money into their economies to stimulate them. How can they pour in so much money without creating inflation? Plus, a new report shows that Americans pay substantially more for their internet service than people in other countries. And the quality is lower. We examine the details.
We have seen progress in the workforce, which is increasingly diverse, but not in the c-suite. We look into the disparity between diversity in the workforce and the corner office. Plus, the world’s third largest-smartphone maker is now the Chinese consumer electronics firm Xiaomi, according to new data from IDC. The company got there by focusing on China and southeast asia. We introduce the company and its strategy.
The discovery of oil doesn’t always make a country, or a state, rich. Ohio’s governor wants his state to get a proper slice. Plus, the explosion of a rocket bound for the International Space Station yesterday has shifted attention on NASA’s contracting out to private companies such as Orbital Sciences and Spacex. We look at the business of these shuttle companies. Finally, Mark Zuckerberg laid out his plans for the future of Facebook. He says its products like Whatsapp and Instagram are all on the way to a billion users. We look at what the word billion means for businesses.