Marketplace

6-6:30
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Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us." The 30-minute program—with an irreverent reporting style all its own—airs weekday evenings on more than 320 public radio stations nationwide and boasts the largest audience for any business program in the United States on radio, cable or network television. In conjunction with Marketplace Morning Report and Marketplace Money, this trio of financial programming covers listeners from wallet to Wall Street.

Playlist

June 30, 2015

6:27 PM
Hey Ya!
Artist : Outkast
Album : Speakerboxxx/The Love Below
Composer :
Label : Arista

Men responsible for your office chills

13 hours ago
Kai Ryssdal

The newspaper of record explains why women are more often cold in office buildings than men are.

BloomNation is changing the way we send flowers

13 hours ago
Kai Ryssdal and Mukta Mohan

Have you ever used a flower wire service like 1-800-FLOWERS, Teleflora or FTD and had flowers arrive late, with the wrong message, or look nothing like the picture? Until just a few years ago, your only options for purchasing flower arrangements were wire services, or going to a local florist.

AT&T's new bundle could shake things up

13 hours ago
Mark Garrison

We’re getting a look at what AT&T plans to do with DirecTV after buying it for $48.5 billion. Monday, AT&T announced its plan to bundle TV and mobile phone service into a package with an introductory rate of $200 a month. It’s a bundle that’s different from existing ones.

“The new AT&T bundle is unique in that it’s a nationwide bundle,” says Brett Sappington, director of research at Parks Associates, a consulting firm that focuses on digital technology.

What if Medicare could bargain over drug prices?

13 hours ago
Kim Adams

The government health care programs Medicare and Medicaid turned 50 this year. But, more recently, back in 2003, the feds expanded Medicare to include a prescription drug benefit. The law establishing that benefit specifically prevented Medicare from directly negotiating the prices for those drugs, which some say translates to higher costs for the program. The Obama administration and some members of Congress want to change that, but— not surprisingly, drug companies say things are just fine as they are.

Mixed martial arts star gives fans quick thrill

13 hours ago
Annie Baxter

Fans of mixed martial arts, or MMA,  might've missed a phenomenal fight this past weekend, if they'd blinked. Bantamweight champion Ronda Rousey, an American, knocked out Brazilian challenger Bethe Correia in the first 34 seconds of their bout  in Rio de Janeiro.

“I turned around to her after I knocked her out and I said, ‘Don’t cry,’” Rousey said at a press conference following the fight.

Scott Tong

The President rolled out Monday the much-anticipated centerpiece to his climate change plan. It envisions an overhaul in power plants, what they burn, and the broader electricity system. It's ambitious. But to people in and around the power sector, this revolution is already well underway. Not because of the Environmental Protection Agency, but the market. 

As recently as 2012, Michael Liebreich, chairman and founder of Bloomberg New Energy Finance, had a blurry vision of a clean energy future. Today, it's in auto-focus.

Marketplace for Monday, August 3, 2015

13 hours ago

The word of the day today? De-carbonization. Look it up if you don't believe us. And, AT&T and DirecTV's recently announced TV and mobile phone service bundle could change the way cable companies do business. 

Egg prices are up, but chicken breast is not

14 hours ago
Kai Ryssdal

The avian influenza that's been doing great damage to chicken and egg farms in parts of the U.S. has changed the economics of animal-based protein a bit. The price of eggs almost doubled from May to June, and has made them more expensive than chicken breasts for the first time on record.

Ed Fryar is CEO of Ozark Mountain Poultry in Rogers, Arkansas. He raises and sells chicken meat. 

"Business is still doing well," says Fryar. "It's not as good as it was earlier in the year, but we are still making money."

Don't blame millennials for their financial woes

17 hours ago
Janet Nguyen

Despite attaining higher education levels than previous generations, millennials are earning significantly less money, according to the New York Times — and the future looks bleak.

PODCAST: Electric car pollution

23 hours ago
Molly Wood

On today's show, we'll talk about the new consumer spending numbers out for June — they were the lowest they've been in four months. Plus, for some years now driving an electric car has been viewed by many as the ultimate badge of environmental consciousness. Yet, a growing body of research now suggests that electric cars might actually produce more pollution than a comparable gasoline-powered car. 

How leasing boosted the auto industry

Aug 3, 2015
Dan Weissmann

Analysts expect car sales to set ten-year records this summer, part of a trend that is two or three years in the making. Lots of factors contribute, including low interest rates and a decent job market, but one in particular caught our eye: the rise of leasing. 

It’s a piece of marketing genius.

As Edmunds.com analyst Jessica Caldwell explains it, "Leasing guarantees that someone’s going to need a new car in two or three years, when their lease expires."

The strategy goes back to the recession, when new car sales were in the toilet.  

Your electric car may be a carbon polluter

Aug 3, 2015
Adam Allington

For some years now, driving an electric car has been viewed by many as the ultimate badge of environmental consciousness. If you just look at the car, electric vehicles are about as clean as they come — no combustion engine, no emissions. But that doesn’t mean they don’t contribute to pollution.

Electric cars run on electricity, and the great majority of electricity is created at power plants. Depending on where you live, generating the electricity for your electric car may create more carbon emissions than a standard gasoline engine.

Many Boomers can't afford to retire

Aug 3, 2015
Mitchell Hartman

Older workers — those 65 and up — are staying in the workforce in higher percentages than previous recent generations that hit retirement age. Labor force participation of older workers is at a 25 year high. And for many, the reason is economic necessity.

Athens stock exchange reopens

Aug 3, 2015
Sam Beard

The Athens stock market has reopened — having been shut for five weeks — and it has promptly plunged by more than 22 percent.

The selloff  is hardly a surprise since bank shares make up 20 percent of the main Athens index, and they’ve been hammered in this crisis. But the sharp fall in share prices also reflects anxiety about the third bailout deal, agreed on in principle by the government and its creditors last month.  

President Obama to unveil plans addressing climate change

Aug 3, 2015
Marketplace staff

President Barack Obama will unveil his final plan for addressing climate change on Monday. White House officials say this version of the Clean Power Plan takes into account some 4 million comments received by the EPA during the public comment period. Among the features of this version of the plan is a marked push towards renewable energy — the plan outlines a prioritization of wind and solar development, and more investment in clean energy with a goal of 30 percent more renewable energy in 2030.

Did somebody say Mash Donald's?

Aug 3, 2015
Marketplace staff

2 to 3 years

If you lease a car, that's the amount of time before the auto industry can assume it'll see you again as a repeat customer. It's part of what some analysts call a brilliant marketing move. The rise in leasing started back in 2012 when car sales were way down. With car companies realizing they could sell used cars for a higher profit, they were able to drop the price of leasing, and thus people started to lease cars more frequently.

$30,000

A giant robot that shoots ... T-shirts?

Jul 31, 2015
Molly Wood

If the whole idea of creating a new sports entertainment league that will rival the UFC, WWE and NASCAR for sheer dollars, excitement and danger doesn't work out, the MegaBots can always do parties. It turns out that a MegaBot is a really good T-shirt cannon.

MegaBots is a startup, based in Oakland, California, doing the kind of work a lot of kids hope to be doing someday, too: building a 15-foot tall, 15,000-pound fighting robot, and hoping it'll become the centerpiece of a new global entertainment business.

The minimum wage debate

Jul 31, 2015
Marketplace Weekend Staff

Next weekend on Marketplace, guest host David Lazarus will take a look at the debate behind the minimum wage across the U.S. Does the minimum wage force companies to layoff low-paid employees? Or is a living wage fair to employees?

Have you ever lived on the minimum wage in your area? We want to hear your stories. Send us an email or reach us on Twitter, @MarketplaceWKND

Kai Ryssdal's 10th anniversary

Jul 31, 2015
Julian Burrell

This Friday marks the 10th anniversary of Kai Ryssdal hosting Marketplace.

To celebrate, Marketplace Senior Producer Sitara Nieves and and Executive Producer and Vice President Deborah Clark surprised him with a pop quiz:

What was his lead story 10 years ago?

What was the music for the numbers?

What was his personal admission on the broadcast?

To hear the answers, click on the audio player above.

Relativity Media goes into turnaround

Jul 31, 2015
Nova Safo

Hollywood studio Relativity Media has filed for bankruptcy after reportedly amassing more than $1 billion in debts. The company's assets amount to half of that, according to reports.

Employee compensation growth stalls out

Jul 31, 2015
Mitchell Hartman

The Labor Department reports that employee compensation — wages, salaries and benefits — increased 0.2 percent in the second quarter of 2015. The employment cost index increased 0.7 percent in the first quarter, and economists expected about the same pace of growth for the second quarter. The annual rate of compensation inflation was 2 percent in the second quarter, compared to 2.6 percent for the first quarter.

Kai Ryssdal

Joining us to talk about the week's business and economic news are Linette Lopez of Business Insider and Fusion's Felix Salmon. The big topics this week: the possibility of an interest rate hike this year, Federal Reserve Chair Janet Yellen's dependence on data and corporate profits in the tech world. 

 

 

SoulCycle pedaling hard toward IPO

Jul 31, 2015
Gigi Douban

Another surprise in the IPO-announcement department: SoulCycle, a boutique cycling studio with locations concentrated around New York and California. It's been doing well, especially with the celebrity set, tripling its studios from 2012 to last year to 36. Profits more than tripled during that time to $26 million in 2014.

Do federal contractors save the government money?

Jul 31, 2015
Nancy Marshall-Genzer

Groups of federal contract workers have been walking off the job and holding protests every few months.  

It’s part of a campaign called Good Jobs Nation, backed by organized labor. It's pushing for a $15 an hour minimum wage for federal contract workers and union representation. The most recent demonstration was in Washington, in late July.

Marketplace for Friday, July 31, 2015

Jul 31, 2015

Airing on Friday, July 31, 2015: Have you gotten a raise lately? The Federal Reserve is interested. And boutique studio SoulCycle pedals hard toward an IPO.

Autonomous weapons and the eventual robot uprising

Jul 31, 2015
Molly Wood and Raghu Manavalan

This past week, Elon Musk, Stephen Hawking and about a thousand other artificial intelligence researchers signed a letter calling for a ban on autonomous weapons.

The remote-operated drones that we use in modern warfare can already fly virtually undetected and use advanced targeting systems to drop bombs on buildings and people below — but the key phrase is "remote-operated." A human is usually controlling the weapon from afar.

The state of the market for consumer robots

Jul 31, 2015
Molly Wood and Jenny Ament

The personal helper bot is the holy grail of our robot fantasies. What's the state of the market for consumer robots, whether they're humanoid or social? Senior tech correspondent Molly Wood spoke to Dan Kara, who studies robotics at the tech market intelligence firm ABI Research. Plus, hear what people in downtown L.A. would want their personal robots to do for them and what they would pay for it. Kara weighs in on just how realistic our fantasies are.

Life as a busker bot in Hollywood

Jul 31, 2015
Jenny Ament

You'll usually find Daniel Moss on Hollywood Boulevard. He's the robot performer who calls himself the Gold Man, a job he's been doing on the streets of Los Angeles for 33 years. He has a treasure box where people tip him in cash as they walk by. At the end of the day, his earnings can range from zero to a thousand dollars. Why be a robot? Moss explains that in his experience, both children and adults like robots because they like toys. 

Listen to Daniel Moss's full story on the audio player above

PODCAST: Tuning with the push of a button

Jul 31, 2015
David Brancaccio

With another deadline on Monday for Puerto Rico to repay $60 million to bond holders, we take a look at the economic challenges for the commonwealth as tourism dips. Plus, we'll talk about Wall Streets' workout — two major fitness companies are planning IPOs. And a Nashville instrument maker has spent millions of dollars over the course of a decade trying to perfect the self-tuning guitar. But this year, Gibson started making automatic tuners a standard feature on most of its electric guitars.

Andy Uhler

Puerto Rico has debt problems; it's even been called the "Greece of the Americas." On Monday, the Puerto Rican government is due to repay another $60 million to bond holders, and the government is already preparing statements, assuming it won’t have the cash.  

It wouldn’t technically be a default. These are moral obligation bonds, so they don’t have legal repercussions for nonpayment. But it’s not just banks and bondholders who are affected.

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