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Business news

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Donna Tam

About 3 million young people — mostly black and Latino youths — are neither working nor in school, reflecting a larger issue of access to education and job preparation, according to a study released Tuesday from research nonprofit Brookings.

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Kai Ryssdal

The Bill and  Melinda Gates Foundation is the largest private foundation in the world. Its CEO, Sue Desmond-Hellmann, talks about Big Philanthropy, partnering with private businesses, and why the worst inequalities won't be solved quickly.

Fraud in the Medicaid system

May 24, 2016

On today's show, we'll talk about how homebuilders are starting to cater to high-income consumers; the failure of state and federal health officials to conduct criminal background checks on high-risk health providers; and a submarine project in Connecticut that could be potentially worth $100 billion.

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Lane Wallace

In a big upset for federal prosecutors, an appeals court in New York  on Monday threw out an earlier decision against Bank of America and its mortgage lending unit Countrywide.

The Department of Justice had accused Bank of America and Countrywide of fraud, saying Countrywide misrepresented mortgage loans sold to Fannie Mae and Freddie Mac in 2007 and 2008.

New home sales lag overall market

May 24, 2016
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Mitchell Hartman

The U.S. Commerce Department reports new home sales for April on Tuesday. A small increase is expected from the 511,000 annual rate reported for March.

Housing been one of the bright spots in the economic recovery, with existing home sales strong, home prices rising, and mortgage rates historically low.

The presidential effect on foreign business deals

May 23, 2016
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Sabri Ben-Achour

Boeing has made a deal to sell aircraft to VietJet.  GE Wind will partner with the Vietnamese government to develop windpower.  Pratt & Whitney will sell advanced engines to Vietnam. 

All these deals are announced just as President Obama is in Hanoi to put an end to a decades long arms embargo and highlight improving ties with the former adversary. 

Marketplace for Monday, May 23, 2016

May 23, 2016
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Marketplace

Aircraft manufacturing deals abroad, hospital mergers at home and an interview with Gates Foundation CEO Susan Desmond-Hellmann. Plus: Why are there no ads on most streaming sports?

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Kai Ryssdal

Here's a chance to get something special for the big "Mad Men" fan in your life.

Lionsgate is auctioning off a bunch of old props. 

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Donna Tam

President Barack Obama lifted the Cold War arms embargo against Vietnam on Monday, while also announcing a $16 billion deal for commercial aircrafts between Boeing, a top American weapons manufacturers, and low-cost Vietnamese airline VietJet.

Home sales may be turning around

May 23, 2016

On today's show, we'll talk about increased cooperation between the U.S. and Vietnam; home sale predictions; and the struggles for parents during summer break. 

For working parents, summer break is no vacation

May 23, 2016
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Rowan Moore Gerety

Over spring break, Wanda Gomez said her sons knew exactly where they wanted to spend the afternoon. “They said, today’s a pool day, but like, we cannot go to pool, because I have to work,” she said.

That’s how it goes all summer long. For many parents, public school offers an important benefit beyond education: free child care. Gomez has a 5 year old and a 14 year old, and she often brings them along to her job, registering new voters outside a local grocery store. “It’s more difficult when they start, ‘Mommy, I’m hungry; Mommy, I’m tired; Mommy, I’m thirsty,’" Gomez said.

Will work for Tesla

May 20, 2016
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Kai Ryssdal

This final note today, which comes with the following caveat.

A couple of years ago, also on a Friday, as it happens, I made a joke about how that day was gonna be my last day hosting this program because I'd discovered a company in Florida that had Beer Cart Friday every week.

The boss came by with a beer cart and gave out free beer.

What's not to like, right?

Well, let's just say not everyone realized I was kidding, and I got something of a talking to.

So to repeat, this is not that.

How much has your credit card limit increased?

May 20, 2016
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Marketplace staff

As aggressive banks continue peddling plastic, U.S. credit card debt is set to hit $1 trillion this year, according to the Wall Street Journal.

 

That number seems to indicate that Americans' fears about spending are beginning to subside, nearly a decade after the Great Recession. We asked you whether your credit card limits have crept up, and how high. Here are some of your responses:

 

On today's show, we'll talk about Japan's plans to revamp its economy; Puerto Rico's plans to restructure its debt; and the FDA's plans to redesign its food labels.

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Lane Wallace

Central bankers and finance ministers from the G7 countries are meeting in Japan on Friday and Saturday as part of the lead-up to a G7 summit next week. The Group of 7 includes Japan, Germany, France, Italy, the U.K., Canada and the U.S., which collectively account for more than half the world’s GDP.

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David Brancaccio

The AMC channel recently started the SundanceNow Doc Club, where users can stream documentaries and independent films. The club is launching a short film series called "Take 5," which consists of themed documentary film collections — just five minutes long — that focus around a single timely topic. The first set is called “Justice in America,” and it's available for free right now.

Josh Sapan, CEO of AMC Network, joined us to talk about the medium.

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Andy Uhler

Puerto Rico is one step closer to figuring out what to do about its outstanding debt and addressing its decadelong recession. The U.S.

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D Gorenstein

Let’s face it: When it comes to products most of us buy, health insurance is one of the least popular.

And new survey results from the Kaiser Family Foundation out Friday morning find that sentiment reaching new lows.

Kaiser’s Larry Levitt said it makes perfect sense why consumers are feeling cranky about their coverage. 

“People are paying more, and in many cases getting less,” he said.

"60 Minutes" mainstay Morley Safer dead at 84

May 19, 2016
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Kai Ryssdal

Longtime CBS News correspondent Morley Safer died Thursday morning.

When I say long time, I mean 52 years — 46 of them at "60 Minutes."

He talked to just about everyone about just about everything, including Bernie Madoff's wife Ruth, after the former was sentenced to 150 years in prison for running the bigggest Ponzi scheme ever. Check out that tape above.

I used to watch him every Sunday night when I was a kid.

Dispatch, Ep 16: The problem with Google

May 19, 2016
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Molly Wood

Here's the thing about Google. As a company made up of people who inevitably form a complex organism that takes on a personality derived from its leadership, mission and hiring choices, it does not get product.

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Kai Ryssdal

Theranos used to be one of the hottest names in Silicon Valley. Theranos and its founder and CEO, Elizabeth Holmes, were equally buzzy. This was due mostly to the company's near-revolutionary blood-testing machine.

In the past six months or so, though, a good part of the shine has worn off.

Marketplace for Thursday, May 19, 2016

May 19, 2016
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Marketplace

"Grey's" long life, the fraught relationship between galleries and museums, and what it's like to live in a Chinese "Cancer Village."

Wal-Mart profits beat expectations

May 19, 2016

On today's show, we'll talk about Wal-Mart's much higher-than expected-profits in the first quarter; an increase in the number of seven-figure homes; and prime-time ad real estate.

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Ashley Milne-Tyte

Retailers have been releasing earnings the past week, and the big names like Macy’s and Nordstrom haven’t been doing so well. Meanwhile, big box stores like Target have weathered this winter better.

Department stores are feeling their age. Ken Morris of Boston Retail Partners said they can’t whisk new fashions to market like the nimble Spanish chain Zara. And unlike their rivals, they don’t know how to attract young buyers. He said he saw a Spanish-language TV ad for Target recently that had multigenerational appeal.

Million-dollar homes are no longer anything special

May 19, 2016
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Mark Garrison

A million-dollar home may be out of reach for many Americans, but a new report from the real estate website Trulia says that in many major cities, seven-figure values are becoming common.

When a $2 million pay cut is a symbolic blow

May 18, 2016
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Kai Ryssdal

This final note on the way out, ending, in a way, where we started: Worker pay.

The board of directors at Viacom voted today to stop paying the salary of 92-year-old Sumner Redstone, its founder and chairman emeritus. Until this afternoon, Redstone made $2 million a year.

Symbolism here is everything. Redstone's worth something like $5 billion dollars. 

He just won a legal fight over his mental competency a couple of weeks ago.

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Kai Ryssdal

Yesterday the White House announced new rules for salary workers when it comes to overtime pay. The gist of it is, if you make less than about $47,000, you get to clock overtime. In other government news, the United States will now impose even steeper tariffs on steel coming out of China.

Both of these announcements are important, especially if you're in the steel business, so Kai Ryssdal called up Lisa Goldenberg, president of Delaware Steel Co. in Pennsylvania to see how her economy is holding up.

Google wants to get into your home — again

May 18, 2016
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Kai Ryssdal

It's not necessarily how a lot of us would spend an otherwise beautiful Northern California afternoon, but Wednesday was the first day of Google I/O, the internet giant's annual conference for its developer community.

New CEO Sundar Pichai and his team of executives took the opportunity to roll out their newest, and hopefully for them, whiz-bangiest piece of hardware.

Our senior tech correspondent Molly Wood was there, and Kai Ryssdal talked to her about it.

What did Google unveil? 

The perils of swapping a car for money

May 18, 2016

On today's show we'll talk about a new report that states about 20 percent of people who take out loans using the titles of their vehicles end up getting their cars seized by the lenders; a sales decline for Target last quarter; and one Mesoamerican archaeologist's must-have item: a Marshalltown trowel.

Airlines worry security lines will hurt bottom lines

May 18, 2016
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Nancy Marshall-Genzer

The trade group Airlines for America said airlines’ pretax earnings stayed basically flat over the past year. But its chief economist, John Heimlich, expects 4 percent more passengers this summer.

“That will be an all-time high of 231 million passengers — 2.5 million per day on average,” he said.

And all of those passengers will have to go through security. Heimlich thinks if security delays drag on months or even years, they’ll definitely have an impact on airlines’ bottom lines.

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