Marketplace Morning Report for Thursday, November 14, 2013
Episode Teaser Image
Federal Reserve chair nominee Janet Yellen starts the confirmation process in front of the Senate Banking Committee today. The text of her prepared remarks is already out and there are four key words in it: The Fed has, Yellen will say, "more work to do." That might mean the Fed has more stimulus to do, and stocks are rallying today. Walmart will announce its quarterly profits this morning. The National Retail Federation projects that average American shopper will spend $737.95 on holiday shopping -- that's down 2 percent from last year. And, Venezuela has a terrible inflation problem. Consumer prices jumped 54 percent last month alone. Venezuelan President Nicolás Maduro blames what he calls "hoarding and speculation," and he's taking some dramatic steps to combat the problem.
Listen to more audio from this episode
Janet Yellen was the advocate for more transparency by the Fed. What will she do as chair? A JPMorgan Twitter Q&A quickly turned into a public relations disaster. And, there are still people who make a living selling typewriters to law offices.
Posted In: wikileaks, intellectual property
Wikileaks has leaked a new document, one that shows an evolving international conversation about intellectual property in the digital world.
Posted In: venezuela, inflation
Venezuela has a terrible inflation problem, and the government's dramatic steps to fix them problem aren't likely to make a real impact.
Posted In: Walmart, Black Friday, holidays
Walmart and other retail chains are rolling out plans for making the most from a short shopping season.
Posted In: Fed, Bernanke, Janet Yellen
Janet Yellen was the advocate for more transparency by the Fed. What will she do as chair?
Posted In: Snapchat, Facebook
The social media service reportedly declined a $3 billion offer from Facebook
Music from this show
Click below to purchase songs from this show through our Amazon affiliate.