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, Jan. 30, 2015: Home ownership fell to its lowest level in many years. One reason for that? As households form, they rent before they buy, so housing can be a lagging indicator. Plus, in response to consumer outrage, Intuit has reversed changes to its TurboTax program that had effectively resulted in a 50 percent price increase for many filers. How did the company royally misread its market and can it recover?
Airing on Thursday, Jan. 29, 2015: When he speaks to fellow Democrats tonight at a retreat in Philadelphia, President Obama will lay out some details about the budget he’s unveiling Monday. We look at what the sequester has (and hasn’t) accomplished. Plus, McDonald's chief brand manager, Steve Easterbrook, will replace the chain's outgoing CEO. The fast-food giant has been struggling as consumers increasingly demand fresher, healthier options. How will Easterbook play things differently now that he’s CEO?
Airing on Wednesday, Jan. 28, 2015: Apple's iPhone is dominating its earnings while revenue from tablets and laptops languishes. Is Apple turning into a one-product company? Plus, as big multinational oil companies report earnings, analysts watch to see the effects of plunging oil prices. Finally, today marks the 30th anniversary of “We are the World," the Grammy-winning song that helped pioneer charity recordings and multi-celebrity live music events.
Airing on Tuesday, Jan. 27, 2015: A strong dollar is causing some companies to lose money because it makes their overseas products more expensive, leading to falling demand. This impacts stock prices, which is a problem for all of us because America is now a shareholder economy. Plus, the Commerce Department reports core durable goods sales were down 0.6 percent in December, a bit more than had been expected. We unpack that number. Finally, snow days were once for playing outside or cocooning inside. Not anymore. Many of us can now work from home, keeping productivity fairly stable and the overall negative economic impact of a storm relatively low.
Airing on Monday, January 26, 2015: Dish goes over the top with Sling, and enters the growing universe of alternatives to traditional cable. We take a look at the competitive landscape on the other side of the equation. Plus, we check in on the health of the bitcoin market. With today's introduction of a new bitcoin exchange, will we see a reduction in the currency's volatility?
Airing on Friday, January 23, 2015: UPS' investment in late-order Christmas deliveries illustrates the risk when a company tries to keep up with changing customer expectations. The company estimates it lost $200 million on the venture. Plus, cloud-based storage company Box goes public after a yearlong delay, and we look at how the IPO market works. Finally, the parent company of SkyMall, the over-the-top catalog in seatback pockets everywhere, has filed for bankruptcy.