Business news

Music festivals win big for fans, organizers, sponsors

Jun 2, 2016
Ashley Milne-Tyte

A big music festival kicks off in New York City this weekend. The Governors Ball is featuring big stars like Kanye West, bands like The Strokes — they’re all coming to Randalls’ Island in the East River for a few days of partying. The event is going to be big business — just like most of the other 800 or so music festivals that have sprung up in recent years all over the U.S.

Thirty-two million people attended music festivals at the last count, according to Nielsen Music.

Truckers strike over employment status

Jun 2, 2016
Andy Uhler

Some drivers are currently striking at a pair of the nation’s busiest ports — Long Beach and Los Angeles — as a way to demand reclassification. Every day, as many as 25,000 short-haul trucks trek to and from the ports, transporting containers filled with goods that end up in stores like Wal-Mart, Target and Costco.

Planned layoffs down to a five-month low in the U.S.

Jun 2, 2016

On today's show, we'll talk about new rules from the Consumer Financial Protection Bureau aimed at cracking down on payday lenders; the upcoming May's jobs numbers report; and apps geared toward helping those who are disabled. 

Annie Baxter

The PGA Tour said it is relocating an elite golf tournament from Donald Trump's course in Miami to one in Mexico City. The organization said the move has to do with money, not politics.

The PGA Tour’s World Golf Championships event had been sponsored by Cadillac since 2011. But Cadillac did not renew its sponsorship, and PGA Tour Commissioner Tim Finchem said the organization could not procure a sponsor at the Trump National Doral Resort in Miami for next year or for several years out.

Lisa Napoli

The dreaded morning commute. In order to combat traffic, U.S. cities over the last several years have invested $25 billion in light-rail projects.

In one of the most congested regions in America — Los Angeles — one of those new lines has finally been completed. But, when the train rolls in, so does change.

As the train on the new Expo Line barreled into Santa Monica on its first day, Robert Berman sat in his art gallery, worrying.

Disabled? There's (more than one) app for that.

Jun 2, 2016
Lane Wallace

Jason DaSilva said after he developed multiple sclerosis about 10 years ago, getting out got more complicated.

“There were times that I was finding it impossible just to go out and meet a friend at a bar, or have a date,” he said, speaking in his apartment in Queens, New York. It was hard to figure out where his wheelchair would fit, how many stairs there were, whether there was a bathroom he could use. Sometimes even a phone call ahead couldn’t clarify all his questions.

Kim Adams

On Thursday, the Consumer Financial Protection Bureau (CFPB) is set to release new rules to crack down on payday lenders.

Among other things, the proposed rules would put the onus on lenders to make sure borrowers can pay back the usually high-interest loans, rather than get caught up in a cycle of debt.

Ratings, ad revenue, and the NBA Finals

Jun 2, 2016
Adrienne Hill

Last year’s victory by the Warriors over the Cavaliers was also a victory for ABC.

The network raked in more than $158 million in ad revenue during the final series, according to, which tracks television ad spending. It estimates the 2015 NBA Finals delivered more than six billion live ad impressions.

A lot of those commercials were purchased long before anyone knew we’d have the drama of a Steph Curry-LeBron James matchup to tune in for.

World's longest tunnel opens in Switzerland

Jun 1, 2016

On today's show, we'll talk about the volatile oil market; the opening of the world's longest tunnel; and the loss of food stamps for 350,000 Floridians.

D Gorenstein

Some concerning news out Wednesday from the Centers for Disease Control and Prevention — the death rate among all Americans rose for the first time in a decade.

The age adjusted-death rate for all causes jumped from 723.2 deaths per 100,000 people in 2014, to 729.5 deaths in 2015. 

Researchers note this is one of just a few times in the past 25 years the death rate has gone up.

JaeRan Kim

The members of OPEC are gathering Thursday for their biannual meeting, which could be a happier one now that oil prices are about double what they were at their lows earlier this year.

It has been a rough couple years for the oil market, with a vast reserve growing and prices tumbling. Oil prices started tumbling 18 months ago when OPEC decided not to cut production. Saudi Arabia was playing a long game to drive out U.S. shale oil by keeping prices low, experts said.

Google's Magenta wants to teach machines to be creative

Jun 1, 2016
Bruce Johnson and Levi Sharpe

We might have to start calling it “art-ificial intelligence.” 

Magenta is an open-source Google Brain project exploring the intersection of music and machine learning. The project aims to teach artificial intelligence to be creative.  

“Magenta asks the questions, ‘Can we use this technology to create art or music, or help artists and musicians create cooler art or cooler music?’” said Douglas Eck, research scientist working on the Magenta project. 

Hundreds of thousands lose food stamps in Florida

Jun 1, 2016
Wilson Sayre

During the recession, it was easier to get food stamps if you needed them. But now that the economy is improving, it's becoming harder because certain states like Florida, Alabama and South Carolina are again requiring people to show that they’re working.

In Florida, the rollout of those requirements has caused hardship for a lot of people like Lucy Perry, who sleeps every night on the sidewalks of downtown Miami.

“Now under this bridge, “ Perry said, pointing to the towering I-95 overpass, “we’ve been here about a year under this bridge.”

Marketplace for Tuesday, May 31, 2016

May 31, 2016

Today's episode goes inside Verizon's American call centers and inside the heads of American consumers. Plus: Only about half of welfare funding actually goes to cash assistance, work or child care. What happens to the rest?

Kim Adams

Verizon employees are headed back to work Wednesday, ending a strike that’s lasted almost seven weeks. As part of the tentative deal between Verizon and the unions, workers will get a pay raise, and there will be about 1,400 new jobs at East Coast call centers, according to the company.

On today's show, we'll talk about the spike in consumer spending and personal income last month; what climate change means for the built environment; and an auction for a first edition "Alice in Wonderland."

Why we're in the mood to spend a little more

May 31, 2016
Adrienne Hill

The Commerce Department just announced a 1 percent increase in personal spending and a 0.4 percent increase in income for the month of April.

You wouldn’t know it by listening to the rhetoric of some political candidates, but...

"Consumers are very confident about the current state of the economy," said Richard Curtin, an economist at the University of Michigan who directs their monthly consumer sentiment surveys.

Immigration a concern amid looming Brexit vote

May 31, 2016
Sam Beard

Immigration is a key issue in next month’s referendum in Britain on whether to stay in or pull out of the European Union. The EU guarantees the free movement of people between the 28 member states, and that’s been worrying many Brits concerned about the record influx of migrants. Last year, there was a net inflow into the U.K. of more than 330,000 settlers – half of them from elsewhere in the EU.      

A Dutch company is training birds to take down drones

May 30, 2016
Adrienne Hill

A Dutch Company is training eagles and other birds of pray to attack and bring down drones.

Law enforcement officials say drones could pose threats to public safety, from spying to endangering aircraft. One advantage to using eagles over shooting or jamming the drones is that birds can carry the drones to the ground without making them crash.

How to build a business on another company's old gear

May 30, 2016
Adrienne Hill

Ask any audio engineer working at Marketplace who Wes Dooley is, and you’ll quickly get an answer along the lines of “Oh yeah he’s famous.”

Now in his 70s, Dooley is the co-founder of Audio Engineering Associates — AEA for short — and he sells a range of handmade ribbon microphones, some costing upwards of $5,000. Dooley’s mics are used by musicians like Dolly Parton and Pete Townsend and younger artists such as Leon Bridges and the Alabama Shakes.

Military spouses are often underemployed

May 30, 2016
Kim Adams

A new study commissioned by Blue Star Families looks at the economic toll military life can take on family members, especially military spouses. According to a new study commissioned by Blue Star Families, military spouses are about one and half times more likely to be unemployed than other civilians.

Military spouses often have to take jobs below their skill level due to frequent moves.

Lane Wallace

Home prices are on the rebound these days, and new Case-Shiller home price numbers out Tuesday are expected to confirm that.

China's bumpy path toward market reform

May 30, 2016

On today's show, we'll talk about China's reforms aimed at giving markets more say in its domestic economy; new labeling requirements from the U.S. Department of Agriculture for packages of steak; and end-of-life care for your pets.

Todd Bookman

Paul Rozin has seen lots of dogs come and go during his 79 years. Suki, you get the sense, wouldn’t make his Hall of Fame.

“Among the dogs I’ve had,” Rozin said, “I would say she’s less than average in intelligence.”

But it seems what she lacks in brains, the shaggy white Cairn terrier more than makes up for in loyalty.

“She’s been a good companion and she’s surprisingly young. I mean, if you look at her, you wouldn’t think she was 15 years old. She’s pretty active,” he said.

Grilling beef today? Read this.

May 30, 2016
Kim Adams

There are new labeling requirements from the U.S. Department of Agriculture that might show up on your package of steak. Producers now have to give you a heads up if your meat has been “mechanically tenderized.”

Meat producers know people like their meat tender, and so sometimes, they tenderize it for you. Tiny needles or blades pierce the meat so it is more tender after cooking.

Jessica Placzek

One sign of the tech boom: If you could code and had a pulse, you had a job. That’s changed, said Steven Bryan, an IT specialist who is unemployed.

“I actually never went looking for a job. Normally when something would disappear another door would open up,” Bryan said.

Bryan was at the NOVA Job Center in Sunnyvale, California. It provides career advice mostly to tech workers.

“The hiring itself has slowed down,” said Kris Stadelman, director of NOVA. But she adds that we ought to put that slowdown in perspective.

That Trump vs. Sanders debate is already off

May 27, 2016
Kai Ryssdal

I called it a political fever dream yesterday — the idea that Donald Trump and Bernie Sanders were eventually gonna wind up on a debate stage.

What do ya know? I was right.

Here's the press release out of the Trump camp today:

Social media censorship from around the world

May 27, 2016
Donna Tam

The Vietnamese government blocked its citizens from accessing Facebook this week during President Barack Obama’s visit to the country. The reason? The country wanted to quiet human rights activists, according to Reuters.

Marketplace for Friday, May 27, 2016

May 27, 2016
Donna Tam

Microsoft and Facebook — the social network you can't escape — are teaming up to build a fiber optics cable under the mid-Atlantic. Plus: what, me worry (about a trade war)?

A battle between two tech giants

May 27, 2016

On today's show, we'll talk about Google's court victory against Oracle over a Java code dispute; the end of price-matching at 500 Wal-Mart stores; and the influence of undocumented immigrants on political elections, despite their inability to vote or donate.