Marketplace Morning Report for Wednesday, October 9, 2013
Episode Teaser Image
The White House confirmed this morning that President Obama will nominate Janet Yellen as chairwoman of the Federal Reserve. If she is confirmed by Congress, she will be the first woman to hold that position. Yellen is currently the Fed's vice chairwoman and a former member of Bill Clinton's Council of Economic Advisers We'll find out who she is, and also take a look at the legacy of Ben Bernanke, the man she will potentially be replacing. Also, Walmart experiences a major setback in its quest to become a retail giant in India.
Listen to more audio from this episode
Posted In: electronic dance music, IPO, music industry
EDM events make big bucks.
A look at the life and career of President Obama's nominee for chair of the Fed. What would the Fed be like under Chair Janet Yellen, and how is Wall Street reacting to the White House's announcement? And, Warren Buffett's Berkshire Hathaway made a killing off investments in distressed companies during the recession.
Posted In: Janet Yellen, Federal Reserve, chairman of the federal reserve
And how is Wall Street reacting to the White House's announcement?
Posted In: Warren Buffett, financial crisis, financial bailout
The Oracle of Omaha's Berkshire Hathaway made a killing off investments in distressed companies.
Posted In: nsa, data storage, surveillance
Electrical surges at a National Security Agency hub has delayed the center’s opening for over a year.