Marketplace Morning Report
Marketplace Morning Report is the morning sister program from the award-winning staff of Marketplace. Bringing you the morning business news "for the rest of us" in the time it takes you to drink your first cup of joe. Tune-in to Marketplace Morning Report and get a head start on the day!
Monday, October 20, 2014 6:00amToday, Apple of Cupertino, California will reveal how much money it's been making. Take those profits, divide by the number of shares, and the result could be a record. But with the release of the new, thinner iPad, there's talk that growth for tablets is slowing. But even beyond tablets and the iPhone, Apple has some other money makers. More on that. And the American Indian College Fund celebrates its 25th anniversary. We look at why American Indians and Alaska Natives make up just 1 percent of college students today and why they are much less likely to graduate than other groups of students. Plus, we're coming up on two years since Hurricane Sandy hit the east coast, wrecking or paralyzing the New Jersey shore, Manhattan, New York's Long Island and beyond. Scientists predict by the middle of this century, low lying areas from Boston to Baltimore will flood frequently due to climate change. These long-term forecasts are putting increasing pressure on state and local governments to boost their financial resilience.
Friday, October 17, 2014 6:00amIt's the end of what has been a rocky week for investors—One of the worst in years. No markets were immune: commodities took a hit as oil prices continued to fall lower. Investors have been concerned about political upheaval about the spread of ebola. We take a look at the state of the global market. Plus, the midterm elections are just a few weeks away, and according to a new report from the Wesleyan Media Project, campaigns and committees have spent over $917 million dollars on ads. When all's said and done, it's expected they'll have spent a billion. This is a payday for local TV stations, but many politicians and political action committees are buying more and more ads on cable.
Thursday, October 16, 2014 6:00amYesterday was another crazy trading day in the U.S. with some big swings. The markets have had a lot to process, and there's a sense among many investors that this kind of volatility's going to continue. More on that. Plus, Facebook's CEO and co-founder, Mark Zuckerberg, made a $25 million donation with his wife, Dr. Priscilla Chan. The money is going to the CDC's philanthropic arm, the CDC Foundation. We speak with her about what motivates the large gift.
Wednesday, October 15, 2014 6:00amWhen the markets closed yesterday, a barrel of U.S.crude oil was trading at $81.84. That's the lowest it's been in years, and it's bringing down the cost of gasoline. That may be good news for consumers in this country, but there is a growing debate among countries that export oil about whether prices have fallen too far, too fast. One of those countries, Venezuela, has called for an emergency meeting next month. More on that. And Medicare's open-enrollment period starts today, and some beneficiaries will notice a few changes to the program. As baby boomers retire, Medicare is being pulled in new directions. Plus, the U.S. is the biggest importer of Mexican avocados. Every year, Americans eat 1.7 billion pounds of them. But Mexico is eyeing an even bigger market: Asia.
Tuesday, October 14, 2014 6:00amA lot of lending isn't subject to regulation; It takes place in what's called the shadow banking sector. The players are hedge funds, money market funds, and private equity groups. This posed a big problem during the financial crisis, as there wasn't enough liquidity. Now, international regulators have come up with a new rule designed to keep that from happening again. Plus, many banks are expected to announce quarterly earnings today, and many analysts expect to see profits in a place that's hasn't been that exciting, traditionally: credit cards. And the French economist Jean Tirole is the newest Nobel laureate. The Swedish Academy called him "one of the most influential economists of our time." Tirole's spent his career studying regulation and how markets work, concluding different sectors have to be regulated differently. A few hours after Jean Tirole was named the recipient of this year's Nobel Memorial Prize in Economic Science, we spoke with him by phone.