Marketplace Morning Report®

with David Brancaccio

Marketplace Morning Report for Wednesday, December 28, 2011

San Francisco has raised to the minimum wage to over $10 an hour, and that will effect the cities famed restaurants. On the other side of the country, negotiations will start today in New York between building owners and the union representing the people that clean those buildings. As the 10 year birthday of the euro approaches, David Brancaccio looks back at how Marketplace's resident poet described the deal at the time.

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Economy
A general scenic view of the Siyo-se-pol bridge on the Zayandeh-Rood river in Isfahan, Iran. Authorities there are threatening to block the Strait of Hormuz, where 20 percent of the world's oil goes through.
Majid Saeedi/Getty Images
Economy
What will happen to the world's oil production if Iran is able to block the Strait of Hormuz?
KARIM SAHIB/AFP/Getty Images
Economy
The blocking of oil exports from Iran, however unlikely, could cause the cost of crude oil to skyrocket.
MARIO LAPORTA/AFP/Getty Images
Business
Janitors and supporters from Service Employees International Union (SEIU) Local 1 hold a rally outside the Thompson Center Sept. 28, 2011 in Chicago, Ill. The rally was one of 22 held nationwide by the union to galvanize their members before contracts for 160,000 janitors around the country expire next year.
Scott Olson/Getty Images

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About the Show

A lot happened while you slept. Marketplace Morning Report® host David Brancaccio explores the latest on markets, money, jobs and innovation, providing the context you need to make smart decisions.