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

Marketplace for Thursday, July 30, 2015

12 hours ago
Marketplace

Airing on Thursday, July 30, 2015: The unregulated industry of occupational licensing and tech's survival of the biggest.

The obsession with tech-company growth

12 hours ago
Adrienne Hill

Facebook is out with second quarter earnings, and the company reported steady growth in revenue and its user base. Twitter and Yelp, on the other hand, disappointed investors with growth numbers.

Not to be too dramatic about it, but if you're a tech company, it's pretty much grow or die.

Do you really need a license to do your job?

12 hours ago
Nancy Marshall-Genzer

Nivea Earl has been doing African-style hair braiding for the past 16 years.

“So it’s just kind of like a love and a passion for me,” she says.

Earl decided to open a hair braiding shop in Jacksonville, Arkansas, three years ago. 

She soon learned that she  first needed to go to school to become a licensed cosmetologist. Trained, not in braiding, but in cutting, dyeing and washing hair. Even though, as a hair braider, she wouldn’t do any of those things.

There should be a lane for that

12 hours ago
Kai Ryssdal

Science once again validates that which you already knew, namely that people walking down the street with their noses buried in their smartphones are a giant pain in the collective patootie.

Students at the University of Bath over in the U.K. did the research, according to the Huffington Post. 

'Tis the season to review winter's GDP

12 hours ago
Mark Garrison

The U.S. economy grew 2.3 percent in the second quarter. But that wasn't the most interesting item in Thursday's quarterly update on the economy from the Commerce Department.

It turns out that America’s gross domestic product grew at 0.6 percent in the first quarter. Previously, Commerce had said the economy shrank 0.2 percent. The difference is basically in how the government made seasonal adjustments to those numbers.

To understand how this works, we start with a guy who sells diamond rings.

Migrants attempt to jump trains from France to Britain

13 hours ago
Marketplace staff

The European migrant crisis seems to have come to a head in Calais, France. As many as 2,000 people each night are trying to get through the Channel Tunnel to England. The BBC's Zoe Conway talked with some of the migrants and camped out near the Eurotunnel freight terminal. 

Click the media player above to hear her interview with migrants.

Older workers head for retirement — and don't retire

13 hours ago
Mitchell Hartman

Before the recession, economists predicted a massive wave of retirements would begin in the 2010s, as the baby boomer generation (those born between 1946-1964) started hitting 65.

And it is certainly the case that some boomers are retiring. But not in the numbers, or at the pace, that economists earlier predicted. In fact, the labor force participation rate for people 55 and older (at 39.9 percent in June 2015, according to the latest data from the Bureau of Labor Statistics) is near its highest level in several decades, up by approximately one-third since 1990.

Shake Shack's rise from burger stand to billions

13 hours ago
Kai Ryssdal, Tommy Andres and Eliza Mills

It started as a way to raise money for a public park. When the Madison Square Park Conservancy debuted its first art installation “I ♥ Taxi,” two restaurateurs from Michelin-starred Eleven Madison Park decided to open the hot dog stand that would become Shake Shack. 

Airing on Friday, July 31, 2015: Puerto Rico is about to miss a second debt payment. We look at how the debt crisis is affecting Puerto Ricans, and other travails they’re dealing with, such as a severe drought. Plus, Cruise company Royal Caribbean reports earnings Friday. Business has been robust after a challenging few years. We look at the factors boosting the company and the wider cruise sector and consider whether this winning streak can last. 

Randy Garutti on Shake Shack's 'accidental' start

16 hours ago
Kai Ryssdal

Shake Shack CEO Randy Garutti hops in line with Marketplace's Kai Ryssdal at the restaurant’s original location in Manhattan’s Madison Square Park to talk about how the company evolved from a hot dog cart into a publicly traded international company with more than 70 locations.

Marketplace

Airing on Thursday, July 30, 2015: With news that a piece of an aircraft that has washed up on Reunion in the Indian Ocean may be from Malaysia Airlines Flight 370, we'll talk about how the airline has been handling a disastrous year. Plus, on Medicare’s 50th anniversary, we look at what Medicare is spending most on. We'll also speak with senior economics contributor Chris Farrell about a trend towards fostering creativity within the aging boomer population.

At 50, Medicare spending more on hospice

23 hours ago
Annie Baxter

Fifty years into the Medicare program, the federal health insurance program for Americans 65 and older, one feature has remained fairly constant: About 25 percent of spending goes to care in the last year of life. 

“This is actually a statistic that has been remarkably stable from year to year. It hasn't changed very much,” says Tricia Neuman, director of the Medicare Policy program at the Kaiser Family Foundation. 

PODCAST: Revising economic growth

23 hours ago
David Brancaccio

The news this morning is that the U.S. economy didn't shrink during the winter as statisticians initially told us. More on that. Plus, we'll talk about Egyptian government's efforts to prop up the handicraft manufacturing industry that has been largely taken over by goods made in China.

Marketplace Tech for Thursday, July 30, 2015

23 hours ago
Marketplace

Airing on Thursday, July 30, 2015: First up, we'll talk to Brian Blau, research director at Gartner, on Facebook earnings. We'll also speak with Minds.com founder Bill Ottman about an anti-Facebook social network with open source code and strict privacy policies that protect user data. And Farhad Manjoo, tech columnist at the New York Times, joins us to talk about mobile gaming and tomorrow's launch of Angry Birds 2.

Egypt bans some "Made in China" souvenirs

23 hours ago
Kim Adams

In any place highly dependent on tourism, there’s money to be made in selling souvenirs. But when the tourists stop coming, those businesses and manufacturers are out of luck.

That’s what happened in Egypt following the 2011 revolution. Now that some of those tourists are coming back, the government there is trying to prop up the handicraft manufacturers that remain.

The housing market is back — except where it's not

23 hours ago
Dan Weissmann

Homes that are underwater — mortgaged for more than they’re worth — represent a much smaller fraction of the housing market than they did a few years ago, according to a new report from RealtyTrac, a real estate data company. However, some parts of the country are doing much better than others.

Kentucky fried photo printer

Jul 30, 2015
Marketplace staff

15 percent

That's how much imported goods from China to Egypt dropped in April, the month Egypt announced a ban on imported traditional tourist items. In the wake of the revolution in 2011, many local manufacturers closed down as tourism dwindled. But as visitors returned, imported goods from China filled the need for miniature pyramids and special lanterns.

25 percent

Marketplace for Wednesday, July 29, 2015

Jul 29, 2015

Airing on Wednesday, July 29, 2015: Amazon plans a drone highway, a trade report from the tropics and Tom Cruise hangs off a plane.

Uber will tell you your passenger ranking now

Jul 29, 2015
Kai Ryssdal

I'm at the same time appalled and embarrassed.

The good people at Quartz — whom we produce a podcast with, by the way, called Actuality — noticed Uber has decided to let you know your user rating if you ask for it.

You know how users can rate drivers? They rate you, too.

Healthcare expenditures are picking up again

Jul 29, 2015
D Gorenstein

When it comes to healthcare, it’s generally understood we have a spending problem. Namely, we spend too much.

A new report from the Centers for Medicare and Medicaid Services suggests expenditures are picking back up after a recent historic slowdown.

But even with the uptick, these numbers suggest the nation is making progress.

A toilet for all techies

Jul 29, 2015
Sally Herships

There's really no other way to describe them: The toilets of Japan are fabulous.

"Let's say you don't want to lift up the lid yourself because it's dirty," explains translator Kaede Kawauchi. "Then you can just use the remote control to press a button, and then it just kind of lifts up."

In Japan, toilets come with remote controls.

Toto has customers work with "advisers" to help figure out which product is right for them. (Sally Herships/Marketplace)

Poultry industry seeks ways to prevent more bird flu

Jul 29, 2015
Annie Baxter

Poultry industry groups and government officials continued a two-day convocation on bird flu in Iowa on Wednesday, trying to understand what caused an outbreak this spring to reach such a dramatic scale that it cost Midwestern poultry farmers 48 million birds. They’re also evaluating how to mitigate a potential outbreak this fall when migratory birds, the virus carriers, take wing.

A low energy solution for drying clothes faster

Jul 29, 2015
Emily Siner

Clothes dryers in the United States use about as much energy each year as the entire state of Massachusetts, according to an estimate from EnergyStar, which is part of the reason the Department of Energy is trying to develop more efficient home appliances.

Among those making significant progress is Ayyoub Momen, a staff scientist at Oak Ridge National Laboratory in Tennessee.

Marketplace

Airing on Wednesday, July 29, 2015: Overnight, about 2,000 migrants attempted to push themselves into the Eurotunnel terminal near the French city of Calais, but were pushed back. More on that. Plus, we'll talk about the Department of Agriculture's preparations for the fall migratory season, when it expects wildfowl infected with bird flu could bring a new wave of the disease. We'll also talk about the fancy, remote-controlled toilets that are popular in Japan, but have yet to take hold in the U.S.

Marketplace Tech for Wednesday, July 29, 2015

Jul 29, 2015
Marketplace

Airing on Wednesday, July 29, 2015: First up, we'll talk with Joe Belfiore, Corporate Vice President of the Operating Systems Group at Microsoft, about the launch of Windows 10 and Microsoft’s attempt to build an operating system that works across tablets, phones, and PCs. Then, Julie Ask, Vice President at Forrester Research, will explain why the new Moto X will be available without a phone plan attached. We'll also hear about a way to reduce 1 percent of the overall energy consumption of the United States with a new type of clothes dryer.

How did Volkswagen conquer the world?

Jul 28, 2015
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

Jul 28, 2015
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

Jul 28, 2015
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.”

Twitter's earnings report in one tweet

Jul 28, 2015
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."

Marketplace for Tuesday, July 28, 2015

Jul 28, 2015

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. 

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