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 Tuesday, May 26, 2015: Prices are up for sales of both existing houses and new houses, suggesting that no matter how hard it is to afford a house these days, there are more buyers than sellers, leaving a lot of room for new construction. But are there just not enough houses available? We explore. Next: a much more even match in the cable industry. Charter has purchased Time Warner for $55 billion. So what will these giants do to keep consumers around? We take a look.
Airing on Monday, May 25, 2015: Reporter Krissy Clark from Marketplace's Wealth & Poverty desk explains why a large number of military families are reliant on food stamps, guest host Adriene Hill heads to the Vista Theatre to see how a one-screen venue decides what movie to play (while staying in business), and author Reid Mitenbuler looks at how bourbon became America's whiskey.
Airing on Friday, May 22, 2015: The nation’s poultry industry is facing an unprecedented avian flu epidemic. Millions of birds have been slaughtered to try and contain the disease, which is causing an egg shortage. Next: consumer prices, as measured by the Labor Department, ticked up 0.1 percent last month — a bit more if you discount big swings in food and energy costs. We look at why some things get removed from the “core” rate and why the Federal Reserve, for example, uses a different measure when trying to assess inflation.
Airing on Thursday, May 21, 2015: This week’s oil spill off Santa Barbara’s coast may be small, but this is where the modern environmental movement in the U.S. had an awakening. A large oil spill in the region back in 1969 helped spur the creation of groups like the Natural Resources Defense Council. Next: CVS is seeking to buy pharmacy services provider Omnicare for about $13 billion, including debt. We look at the thinking behind the bid.
Airing on Wednesday, May 20, 2015: Five of the world's largest banks, including Citigroup and J.P. Morgan Chase, have been fined $5.7 billion for manipulating foreign exchange rates. The institutions rigged the benchmark London interbank offered rate, or LIBOR. We look at why LIBOR is important and matters to all of us. Next: One country’s currency manipulation is another’s monetary policy. Adding currency controls to the Trans Pacific Partnership is mired in controversy. We explain why by looking at the arguments for and against the partnership, and why this puts the U.S. in a tricky spot.
Airing on Tuesday, May 19, 2015: The San Francisco Federal Reserve suggests an improved way to crunch official growth statistics. The director of research at the San Francisco Fed says that there should be a second, final seasonal adjustment to GDP data—on top of the seasonal adjustments the Bureau of Economic Analysis (BEA) currently makes. Next: a new report shows that ethics continue to be an issue on Wall Street. Nearly one-third of those making more than $500,000 said they “have witnessed or have firsthand knowledge of wrongdoing in the workplace.” Why do the incentives of finance lure people to do wrong? And why is that so hard to change? We explore.