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

How did Volkswagen conquer the world?

12 hours ago
Gigi Douban

Volkswagen's very public goal has been to be the biggest car maker in the world. And it reached that goal in the first six months of this year, selling 5.04 million vehicles and moving past Toyota.

If you think of Volkswagen’s car brands as if they were part of a stock portfolio, it would be pretty diverse. And that’s a good thing, says Thilo Koslowski, vice president and automotive practice leader at Gartner. 

"As a large company that owns multiple brands, it is important that you have to have a balanced approach,” he says, “a premium brand and volume brands.”

Microsoft hoping for a revival with Windows 10

12 hours ago
Kim Adams

Microsoft is rolling out its new operating system, Windows 10, tomorrow. Analysts say the company is hoping for a smooth deployment that might mend fences with customers and businesses still bitter about the last big update in 2012.

The Fed and your feelings

12 hours ago
Sabri Ben-Achour

Consumer confidence is one measure of how we feel about the economy – and our confidence was way down in July. 

You might think the Federal Reserve, which is meeting this week on interest rates, would be concerned with how we feel. But while feelings are important, on their own, an economy they do not make.  

“Consumer confidence is a low-ranking indicator to policymakers at the Federal Reserve,” says Richard DeKaser, corporate economist for Wells Fargo & Company.  “The Fed’s primary focus remains on two indicators: the labor market and inflation.”

Marketplace for Tuesday, July 28, 2015

12 hours ago

Airing on Tuesday, July 28, 2015:  A key measure of consumer confidence is out today. The Fed is meeting Tuesday It doesn’t care how we feel about the economy. Fed decisions are all about the data. Why don’t our feelings matter? And should they? Marketplace explores. Plus, Volkswagen reached its goal: for the first half of 2015, it was the biggest car-maker in the world. What’s the value of being no.1 and how did Volkswagen get there? Marketplace explores. 

Rio de Janeiro adapts as it prepares for the 2016 Olympics

12 hours ago
Kai Ryssdal, Mukta Mohan and Bridget Bodnar

The Summer Olympics will be coming to Rio de Janeiro, Brazil in 2016, but is the city prepared for it? Since the country won the bidding process, it has undergone all sorts of economic changes. Juliana Barbassa, author of "Dancing with the Devil in the City of God: Rio de Janeiro on the Brink," has been covering Rio de Janeiro's evolution as it prepares for an influx of visitors and worldwide attention. 

Twitter's earnings report in one tweet

12 hours ago
Kai Ryssdal

Twitter reported profits on Tuesday afternoon. Turns out it's doing pretty well; revenue is up 61 percent. No news on a full-time CEO. Boom.

140 Characters.

Not counting this bit, after "boom."

Lions, and Tigers, and Bears! Well, just Lions

13 hours ago
Tobin Low and Janet Nguyen

Yelp is good for a couple of things — finding restaurants in your neighborhood, locating the nearest free Wi-Fi. Now, it would seem public shaming could be added to that list.

Why simple is best when it comes to corkscrews

22 hours ago
David Brancaccio

As part of our series called Pro Tool: Tools of the Professional, we're looking for those must-have devices in the possession of anyone in the workforce, be they a hair dresser, dancer or 

PODCAST: Emergency Grexit

22 hours ago
David Brancaccio

How far did Greece go in planning to possibly give up the euro? More on that. Plus, we talk to Lorena Ascencios, head wine-buyer at Astor Wines & Spirits, about corkscrews for our on-going Pro Tool series.

Marketplace

Airing on Tuesday, July 28, 2015: BP's quarterly report this morning was full of stains. More on that. And automaker Ford will announce its earnings before the markets open on Tuesday. The Case Shiller Home Price Index is expected to reveal it’s latest figures at the same time. We'll talk about the surprising correlation between the two. Plus, one of the biggest concerns in the LGBT community is how to keep up fundraising now that the same-sex marriage battle has been won. Complicated issues can be a much bigger challenge than same-sex marriage, which is very easy to market.

Andy Uhler

First Lady Michelle Obama was in Los Angeles this weekend to speak at the opening ceremonies of the Special Olympics World Games. Boasting more than 6,500 athletes, it’s the biggest sporting event in the city since the 1984 Olympics. And officials say it’ll pump more than $100 million into LA's economy. And it could be an economic boost for others, too.

Marketplace Tech for Tuesday, July 28, 2015

23 hours ago
Marketplace

Airing on Tuesday, July 28, 2015: First up, we'll talk with Will Oremus, Senior Tech Writer at Slate, about Twitter’s hunt for a new CEO ahead of the company’s earnings report. And, Dan Ackerman, Editor at CNET, will explain why Microsoft is taking the Apple approach to its newest software update. We'll also hear from Amy Grace, Head of Wind research at Bloomberg New Energy Finance, about the Deepwater Wind project off the coast of Block Island in Rhode Island. 

Tony Wagner

Kim Adams

The website DraftKings just secured $300 million in funding, with investors including Fox Sports, Major League Baseball and Major League Soccer. The site allows people to play and bet on daily fantasy games in several different sports. Earlier this month, FanDuel, another daily fantasy site, raised $275 million.

Fox Sports was the lead investor, and the deal includes a commitment by DraftKings to spend $250 million advertising on Fox over the next three years.

Political ads mean big bucks for television stations

Jul 27, 2015
Kai Ryssdal and Tommy Andres

Steven Shepard of Politico says we can look forward to tons of television advertisements this presidential election season.

“Campaign advertising in 2016 is estimated to top about $4.4 billion," he says. "That combines the advertising run by the campaigns and the candidates themselves, and also the growth of super PACs in the post-Citizens United era. It is $500 million more than was spent in 2012, in the last presidential election." 

Even though younger generations use the internet to get most of their information, ads are still primarily focused on television.

New York to rebuild LaGuardia Airport

Jul 27, 2015
Kai Ryssdal

Here's some great news and terrible news for the flying public: New York Governor Andrew Cuomo said he's going tear down LaGuardia Airport.

Tear it right down — and rebuild it.

They're going to break ground on the first bit early next year, and it's going to take just more than three years and $4 billion for a new Central Terminal.

Great — eventually. But can you imagine the delays?

Crude oil is plunging ... again

Jul 27, 2015
Kai Ryssdal and Scott Tong

A barrel of American crude is selling for less than $50 once again; a year ago the price was north of $90.

The bear market for oil production is a reaction to an unexpected glut, Marketplace's Scott Tong says. Last year, when OPEC signaled that it wouldn't cut the U.S. supply, oil producers all over the world kept pumping, he says. U.S. shale oil production keeps going, despite fracking. Saudi Arabia has record levels and Iraq oil is back "in a big way." Iranian could re-enter the market because of the potential lifting of sanctions.

If China sneezes, does the U.S. catch a cold?

Jul 27, 2015
Sabri Ben-Achour

It’s not exactly comforting to see the stock market of the world’s second-largest economy take a nose dive. China saw the biggest single-day drop – 8 percent — in its stock market in eight years, following weeks of volatility and decline. 

At a time when the U.S. is starting to recover, should we worry? Not particularly, or at least not yet.

First, those feeling most of the pain from China’s stock market are the Chinese.

Marketplace for Monday, July 27, 2015

Jul 27, 2015

Airing on Monday, July 27, 2015: The fantasy sports website DraftKings has raised $300 million in new funding. Investing in these virtual leagues is becoming a way for TV sports networks to cash in on live programming and expand their footprint. Plus, the tech startup boom has come to cities like Venice and Santa Monica in what's come to be called Silicon Beach. We look at what the Southern California tech world has to offer. 

Science Inc. gives startups their big break

Jul 27, 2015
Kai Ryssdal, Mukta Mohan and Tommy Andres

Since serving as CEO of the website Myspace, Mike Jones has spent his time as an angel investor. He says, “When I looked at my track record as an angel, I felt that there was this huge discrepancy between the number of investments and the number of successes I had had.”

So naturally, he raised $10 million and started the company Science Inc., which helps startups from the ground up.

What's Silicon Beach?

Jul 27, 2015
Marketplace staff

We've heard of Silicon Valley and its New York counterpart, Silicon Alley, but there's a growing group of startups based out of Venice — a.k.a. Silicon Beach. We traveled down there to talk with a few CEOs about the Los Angeles–area tech scene, and we'll be airing those conversations through the rest of the summer. Here's a preview. 

Janet Nguyen

A New York Times series that unveiled harsh working conditions in New York City nail salons is eliciting criticism from a former Times writer about the report’s methodology.

Where you live will cost you

Jul 27, 2015
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.

PODCAST: Biting the hand that feeds you burritos

Jul 27, 2015
Marketplace

More on news that Fiat Chrysler will offer to buyback hundreds of thousands of Ram Pickup trucks. Plus, what to expect to from the Federal Reserve Open Market Committee briefing on Wednesday. And thousands  of workers in lawsuits in several states allege Chipotle’s “moral high-ground” doesn’t extend to its cooks, cashiers and managers. The cases against Chipotle are part of a national trend of workers turning to federal courts to recoup wages.

Underwater homeowners look for mortgage relief

Jul 27, 2015
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.”

A kinder, gentler Gawker?

Jul 27, 2015
Amy Scott

The digital news and gossip company Gawker Media is expected to relaunch Monday, after a backlash over its handling of a controversial blog post. Two editors resigned in protest last week after CEO Nick Denton removed a report alleging that a married media executive had tried to hire a gay escort.

Colorado workers sue Chipotle following nation trend

Jul 27, 2015
Anna Boiko-Weyrauch

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

Price of orange juice squeezes consumers

Jul 27, 2015
Kim Adams

Orange growers in Florida are having a tough time of it. The greening disease that’s been lowering yields for years is making this year’s crop one of the smallest in decades.

That’s translating into higher prices for orange juice, averaging $6.63 per gallon.

Music-making and dysfunctional technology

Jul 27, 2015
James Perla

As part of a series about music technology called "Noise Makers," we're talking to musicians about their favorite noise-making device. For this week's installment we talked with experimental composer Sabisha Friedberg ahead of her performance for the Issue Project Room. 

Sabisha Friedberg's music is planned very carefully. As she puts it, "if something is very well placed and thought out a kind of magic can happen."

Twitter is the sincerest form of flattery

Jul 27, 2015
Marketplace staff

$105 million

That's the record-breaking fine that Fiat Chrysler has been ordered to pay for failing to correctly carry out safety recalls. Not to mention an agreement in which the company will offer to buy back vehicles with defective suspension. As Forbes reports, the fine far outdoes the previous record holder — Honda Motor's $70 million payout for defective airbags.

9 months

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