Marketplace

Weekdays 6pm-6:30pm
  • Hosted by Kai Ryssdal

A daily program about business and finance, it's a fresh way of reporting business & finance subjects to the general listener. Putting a human face on the global economy, the program illuminates the ways that international business and finance relate to listeners' daily lives.

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Marketplace for Monday, July 27, 2015

3 hours ago

Airing on Monday, July 27, 2015: The fantasy sports company DraftKings has raised $300 million in new funding.Investing in fantasy sports is becoming a way for sports networks to cash in on live programming and expand their footprint. 

Where you live will cost you

10 hours ago
Tobin Low and Janet Nguyen

Conventional thinking might lead us to believe that people who reside in cities with higher living expenses probably also have the highest debt burdens. But residents of the City by the Bay have the least credit card burden of any major metropolitan city, according to a new study by CreditCards.com.

Underwater homeowners look for mortgage relief

14 hours ago
Nancy Marshall-Genzer

JoAnn Henderson bought her house New Carrollton, Maryland, in 2001. She refinanced a few years later for a higher amount. Shortly before she retired from her teaching job, she started having trouble with the steep payments.

“You would miss a couple and then you’d pay and pay and pay," she says. "And then you’d miss a couple more. Yeah — I almost lost the house.”

Henderson got a loan modification, which dropped her interest rate to 3 percent. Now she’s even got a rainy day fund.

“A tiny one," she says, laughing. "Not a big rain. A small rain.”

Colorado workers sue Chipotle following nation trend

14 hours ago
Anna Boiko-Weyrauch

Chipotle recently extended paid sick leave, vacation and tuition reimbursement to its hourly workers.

How Amazon can be worth the same as Wal-Mart

Jul 24, 2015
Scott Tong

Amazon.com stocks rocketed up 10 percent Friday after the company reported quarterly profits to the surprise of many analysts’ expectations. Amazon’s market value – the price if you wanted to buy the whole company – is nearly that of Wal-Mart, even though Wal-Mart makes 35 times the profit of Amazon today.

Investors, though, are betting on what happens tomorrow. Piper Jaffray analyst Gene Munster figures Amazon added 20 million Prime members this year; those are the website shopping addicts who pay $99 for a year’s free shipping and other perks.

Kai Ryssdal

Joining us to talk about the week's business and economic news are the Washington Post's Catherine Rampell and Cardiff Garcia of FT Alphaville. The big topics this week: Hillary Clinton's speech on the "tyranny" of quarterly earnings reports, healthcare mergers and a decline in commodities' prices. 

Marketplace Weekend Staff

Robots are coming! Do they save you money? Or time? Are they intelligent? Where are they filling in the gaps, and when are they not good enough?

What would you never trust a robot to do?

We want to hear your stories. Send us an email or reach us on Twitter, @MarketplaceWKND

Housing is up and down, but mostly up

Jul 24, 2015
Mitchell Hartman

With summer, the housing market has been warming up. According to the National Association of Realtors, existing home sales were up 3.2 percent in June, on top of strong sales in April and May, to a level not seen since early 2007. June’s new home sales figures were disappointing, with sales down 6.8 percent month-to-month.

PODCAST: Housing sales for June

Jul 24, 2015
David Brancaccio

The June report for new home sales is out today - we'll talk about what to expect. Plus, we'll talk about what to make of recent movement in the Chinese stock market. And President Obama arrives in Kenya on Friday for a three-day visit. It's his first trip to the country where his father was born since he was elected. The visit is bringing a mini-economic boost for some Kenyans.

Affordable housing for teachers in short supply

Jul 24, 2015
Aaron Schrank

Jennifer Marlar teaches seventh grade language arts at Jackson Hole Middle School in Jackson, Wyoming, but she doesn’t live anywhere near the tourist town’s shopping district or ski area.

“It just makes the most sense, financially,” Marlar says.

Instead, she commutes one hour — over a sometimes-treacherous mountain pass — from her home in Driggs, Idaho.

“It’s brutal,” says Marlar. “And that hour feels like eternity.”

Kenyans hope to cash in on Obama visit

Jul 24, 2015
Kim Adams

During his first trip to Kenya as president, Barack Obama is expected to discuss ways to fight regional terrorism with with the countries leaders and speak at the Global Entrepreneurship Summit in the capital, Nairobi.

Airing on Friday, July 24, 2015: With President Obama arriving in Kenya on Friday, we'll cover how the visit is bringing a mini-economic boost for some Kenyans. Next, a check in on the burgeoning refugee crisis in Syria. We'll talk about how the Office of the United Nations High Commissioner for Refugees deals with a recurring problem: donors who don’t pay what they promise. We'll also talk about how a lack of affordable housing is making it difficult for schools to recruit and retain quality teachers.

Marketplace Tech for Friday, July 24, 2015

Jul 24, 2015
Marketplace

Airing on Friday, July 24, 2015: First up, we'll talk with Marketplace’s Adriene Hill about Hollywood's many failed video game tie-ins. And how well have you kept up with the week in tech news? It's time for another installment of Silicon Tally. Marketplace's Molly Wood will try to stump Tom Merritt, host of the Daily Tech News Show, with numbers from the week's tech news.

Marketplace for Thursday, July 23, 2015

Jul 23, 2015

Airing on Thursday, July 23, 2015: Health insurance giants Anthem and Cigna are closing in on a $48 billion merger, just days after Aetna announced plans to acquire Humana for $37 billion. These deals could help insurers navigate the changes brought about by healthcare reform, but how will they affect consumers? Next, it's not easy doing business in China these days, with the stock market and property values falling. U.S. companies are having to adapt to a more mature Chinese economy.  

D Gorenstein

Health insurer Anthem appears ready to throw down nearly $50 billion to purchase rival Cigna. This would be the second proposed mega-merger in the industry in less than a month.

Welcome to healthcare’s version of an arms race, where hospitals and insurers vie for supremacy. As these titans battle it out, the threat is that consumers end up losing no matter who winds up on top.

Carnegie Mellon economist Martin Gaynor says there’s a simple question we shouldn’t lose sight of in this new wave of potential deals.

“Are these mergers going to make us better off?” he asks.

PODCAST: Improving infrastructure with bikes

Jul 23, 2015
David Brancaccio

On today's show, we'll talk about news that the number of people signing up for unemployment benefits fell to a low not seen in four decades. Plus, we'll talk about the merger between two health care giants: Anthem and Cigna. And Portland Oregon’s two defining cultures – tech and bikes – have come together to improve transportation infrastructure using a new app that will anonymously track behaviors, and preferred routes of cyclists, with or without the app. The data from these combined technologies will act as a guide for decision-making when planning bike lanes, routes, and signals.

Marketplace Tech for Thursday, July 23, 2015

Jul 23, 2015
Marketplace

Airing on Thursday, July 23, 2015: First up, we'll talk to Sucharita Mulpuru, Vice President and Principal Analyst at Forrester, about Amazon ahead of its earnings call. We'll also pay a visit to Minnie Ingersoll, Co-founder and COO of the secondhand car company Shift, at the company’s used-car warehouse. And Portland Oregon’s two defining cultures — tech and bikes — have come together to improve transportation infrastructure, in the face of the city's exceeding growth.

Airing on Thursday, July 23, 2015: On today's show, we'll talk about a merger between two of the largest health insurers in the U.S. — Anthem is reportedly nearing a deal to buy Cigna for $48 billion. Plus, we'll talk about a monthly number that gauges overall economic activity and inflationary pressure: the Chicago Fed National Activity Index. But if you find yourself thinking that inflation has been flat-lining of late, resident Marketplace explainer Paddy Hirsch is here to plumb the depths of the inflation mystery.

Brash new competitor challenges Amazon

Jul 23, 2015
Andy Uhler

Amazon is set to release earnings on Thursday. And now its got more competition in the retail game.

This week, Jet.com launched, boasting plans to lure you away from Amazon with the lowest prices on the internet. Founder Marc Lore seems to relish competing with Amazon. In 2010 Amazon bought his startup Quidsi for half a billion dollars.

Soundtracks have a life beyond the movies

Jul 22, 2015
Kai Ryssdal and Tommy Andres

A movie’s soundtrack can have big impact on the movie itself. However, sometimes a soundtrack can take on a life of its own, says Los Angeles Times writer Gerrick Kennedy. Case in point, “Fifty Shades of Grey” and its use of the track “Earned It” by The Weeknd.

“['Fifty Shades of Grey' is] not the greatest movie. Decent enough book. Soundtrack — super hot. And I think...we saw what just happened with really successful music, and how you build that into the film,” Kennedy says.

Marketplace for Wednesday, July 22, 2015

Jul 22, 2015

Airing on Wednesday, July 22, 2015: Global oil prices are half what they were a year ago, but you’d never know it in California, where regular gas is $4.50 a gallon. We explain California’s broken market, where special requirements for anti-smog gas blends limits the state to gas refined locally, and environmental  pressure has limited the number of refineries.  Next: "I am Cait," premieres this Sunday. The docu-series that chronicles former Olympic athlete Bruce Jenner's transformation into the female Caitlyn promises to be a ratings blockbuster for the E! Network. Where would E!

Why a share's price and its value might not line up

Jul 22, 2015
Paddy Hirsch

Valuation is a sticky subject: what is a company worth? Apple was worth $766 billion at the start of the week. This morning it was worth $50 billion less. Yesterday, Facebook was worth less than General Electric: today it’s worth $2 billion more.

PODCAST: Banking in Cuba

Jul 22, 2015
David Brancaccio

There is word today that a bank in Florida has set up a direct link with a bank in Havannah. It's called a correspondent deal, and we'll talk about how it will improve banking between Cuba and the U.S. And an advocacy group in Chicago is tackling a problem affecting transgender people: how to find businesses and service providers that are not just friendly, but understanding of their needs. 

Marketplace

Airing on Wednesday, July 22, 2015: We're bouncing off a big day in tech stocks. Apple reported profits yesterday after the market close — Even though earnings were up, the company's stock went down. We'll talk more on how the company failed to meet investors' expectations. And an emerging debate in the Trans Pacific talks … cheese. Who owns the intellectual and property rights to make certain cheeses and foods? Washington wants to allow Asian countries to reject European trademarks for certain foods, which would open the doors for American producers of those products.

Marketplace Tech for Wednesday, July 22, 2015

Jul 22, 2015
Marketplace

Airing on Wednesday, July 22, 2015: First up, we'll talk with Van Baker, Research VP at Forrester, about Apple earnings. We'll also hear from Christopher Koopman, research fellow at the Mercatus Center at George Mason University, about the shutdown of the Uber-like cleaning company Homejoy. We'll also talk about an advocacy group in Chicago creating a Yelp-like service for transgender people. 

In home bidding wars, love letters can seal a deal

Jul 22, 2015
Annie Baxter

In many real estate markets around the country, a shortage of homes for sale is creating stiff competition among buyers. In order to stand out in a possible bidding war, some buyers try to win favor by writing a personal appeal to the seller. 

“When the listing for your home came up online, we fell in love,” wrote Becca Schulman Havemeyer in a letter to the seller of a four bedroom home in the Boston area. “We love the charm and character of your home and can tell that your family cherished it as well.”

Without tourists, Egyptian business owners adapt

Jul 21, 2015
Kim Adams

In 2013, Marketplace's Kai Ryssdal had a chat with Cairo shopkeeper Emad Nour Hafez about how political instability since Egypt's 2011 revolution was affecting his tourist shop.  Since then, Egypt has had more ups and downs, but tourism has never really returned to the pre-Arab Spring heyday.

Airing on Tuesday, July 21, 2015: The senior leadership of Toshiba, one of Japan's biggest corporations, resigned today after an investigation showing the company had dramatically fudged its profits. More on that. And it’s the fifth anniversary of Dodd-Frank. We look at the biggest accomplishment of the law so far, and the biggest issue it’s not yet gotten to. And as you know we’ve been talking to people about the tools that they can’t live without while doing their job — their "Pro Tools." Well, our sibling program Marketplace Tech is doing a series called Noise Makers.

Marketplace for Tuesday, July 21, 2015

Jul 21, 2015

Airing on Tuesday, July 21, 2015: Rural states have a lot of jobs, but don't have the skilled or professional workers to fill them. That's why states like Wyoming, South Dakota and Idaho have recently started their own Tinder of sorts —job-matchmaking programs to try and convince their expats to come back home. Next: Gold prices have hit a five-year low. What's been causing the drop? Marketplace explores. 

 

Miles Bryan

Meet Max Salzburg. He’s 37, married and works in marketing. He lives with his wife Sonja in Fort Collins, Colorado, a bustling small city filled with breweries and bike aficionados. But Salzburg grew up about an hour away from here, in the much smaller town of Cheyenne, Wyoming. 

“I thought it was small,” Salzburg says. “And lame. And boring.”

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