Marketplace Morning Report for Friday December 19, 2014
Dec 19, 2014

Marketplace Morning Report for Friday December 19, 2014

HTML EMBED:
COPY

Airing on Friday Dec. 19, 2014: In the last two trading days, the Dow Jones Industrial Average has gone up a combined 709 points, 421 points just on Thursday. Sounds like a holiday rally. More on that. And Amazon is launching a one hour delivery service for Manhattan, with plans to expand to other cities. What are the economics of instant delivery and why has it been hard to pull off for e-commerce retailers so far? Plus, the king of shale oil – Harold Hamm – made a terrible, horrible bet on oil prices. His firm, Continental Resources, had hedged against falling oil prices. That is, they pre-negotiated selling prices of $90 and higher even as oil fell. Then, with crude around $80, Continental chose to sell their hedges aka Going Naked. It was a bold bet that oil would rebound quickly. So much for that. 

 

Segments From this episode

Oilman bets prices will rise – and loses big

Dec 19, 2014
Billionaire oil producer Harold Hamm predicted a "pretty quick" recovery for prices.

Super-fast delivery is the new game in town

Dec 19, 2014
Amazon and start-ups compete for the instantaneous delivery dollar.

Hackers aim to learn from Sony attack

Dec 19, 2014
U.S. officially blames North Korea, as hackers examine what can be learned

PODCAST: All eyes (still) on the Fed

Dec 19, 2014
The Fed is watching oil just as closely as the rest of us.

Airing on Friday Dec. 19, 2014: In the last two trading days, the Dow Jones Industrial Average has gone up a combined 709 points, 421 points just on Thursday. Sounds like a holiday rally. More on that. And Amazon is launching a one hour delivery service for Manhattan, with plans to expand to other cities. What are the economics of instant delivery and why has it been hard to pull off for e-commerce retailers so far? Plus, the king of shale oil – Harold Hamm – made a terrible, horrible bet on oil prices. His firm, Continental Resources, had hedged against falling oil prices. That is, they pre-negotiated selling prices of $90 and higher even as oil fell. Then, with crude around $80, Continental chose to sell their hedges aka Going Naked. It was a bold bet that oil would rebound quickly. So much for that. 

 

The team

Stephen Ryan Producer, BBC