Marketplace

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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.

Food industry plays it both ways with GMO labels

12 hours ago
Annie Baxter

Reed Grimm believes nature knows best. So when he shops with his nieces at the Mississippi Market Natural Foods Co-op in St. Paul, Minnesota, he only goes for organic fruits, and he looks for products that say "non-GMO."

“We want to eat things that are natural, that are just coming straight out of the earth like it has been for milennia," says Grimm, a musician who lives in a Twin Cities suburb. "Nature knows what it's doing."

The 'bring your own billionaire' election

12 hours ago
Nancy Marshall-Genzer

The 2016 presidential candidates are competing for the support of very rich donors.  Some of these donors have become household names, but others are relatively unknown -- billionaires like Joe Ricketts and his family, who’ve become quite active political donors over the past few election cycles.

Kai Ryssdal

This final note on the way out today comes to us courtesy of the U.S. Patent and Trademark Office.

It's approved a patent filed by the European Aeronautic Defence and Space Company, the company that makes Airbus, for an “ultra-rapid air vehicle.”

It's a hyperspeed plane, basically, that will take you from London to New York in an hour at Mach 4.5, or more than 3,000 miles per hour.  

Kim Adams

People and businesses are making all sorts of things with 3-D printers, including gadgets, toys and jewelry.

Now, add prescription drugs to that list. For the first time, the Food and Drug Administration (FDA) has given approval for a 3-D-printed epilepsy drug meant to help people control their seizures.  

Sibling non-rivalry in the Emmys

12 hours ago
Kai Ryssdal, Mukta Mohan, Tommy Andres and Julian Burrell

Among the nominees for this year’s prime time Emmy’s are a pair of composers who happen to be brothers. Thanks to their work in the FX Network drama Tyrant, Mychael and Jeff Danna are nominated for both Outstanding Original Main Title Theme Music and for Outstanding Music Composition for a Series.

The siblings' music has a distinctly ethnic flair to it which, they say, comes naturally.

Todd Melby

Kendra Hill and her husband moved to rural North Dakota's oil fields so he could earn double the wages he made in their native Washington. Now they've bought a house, they have a five-year-old and a baby, and even as the oil boom slows, they're planning to make North Dakota their home. Todd Melby talked with Kendra as part of his series, "Black Gold Boom."

Click the media player above to hear the interview with Kendra Hill.

 

 

Gigi Douban

The Clean Power Plan released Monday has a goal of cutting carbon pollution from power plants by 30 percent by the year 2030. According to the EPA, power plants are the largest source of carbon pollution in the nation.

But there isn't just one way to go about cutting greenhouse gas emissions. Under the plan, states have options as to what energy mix they use. So when there's all this emphasis being placed on renewable energy sources like wind and solar power, is there still room for natural gas in a low-carbon world?

Flush with cash, Freddie Mac keeps paying the Treasury

12 hours ago
Mitchell Hartman

Marketplace for Tuesday, August 4, 2015

12 hours ago

If you're a government enterprise, what's the surest way to get Congress to leave you alone? Make lots and lots of money. Plus, in environmental news, there's one loser in the Obama Administration’s rules for limiting carbon-dioxide emissions: natural gas. 

PODCAST: Hiring local

22 hours ago
Molly Wood

On Wall Street, analysts are digesting ongoing problems with the Chinese market, as well as the volatile oil market. More on that. Plus, we'll talk about CVS's business model as it turns itself into something of a health brand. Plus, Nashville voters are considering an amendment this summer has become surprisingly contentious: It would require big public construction projects to hire Nashville residents for 40 percent of worker hours. 

Banking on a New Orleans recovery

23 hours ago
Noel King and Caitlin Esch

Alden McDonald, the President and CEO of Liberty Bank, takes a pair of work boots from the trunk of his car and paces the perimeter of a branch that's under construction in New Orleans' Gentilly neighborhood. He lobs question after question at his contractors: what's the square footage on the restrooms? Where will the tellers sit? Is it possible to remove one wall and add some open space? McDonald is nothing if not persistent. It's a character trait that helped when Liberty faced its most trying time.

Men responsible for your office chills

Aug 3, 2015
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

Aug 3, 2015
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

Aug 3, 2015
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.

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

Aug 3, 2015
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

Aug 3, 2015

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

Aug 3, 2015
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

Aug 3, 2015
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

Aug 3, 2015
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.

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.

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.  

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.

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