Marketplace Morning Report for Friday, January 16, 2015
Jan 16, 2015

Marketplace Morning Report for Friday, January 16, 2015

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Airing on Friday, January 16, 2015: Players in financial markets and some homeowners in Europe feel like they just got mugged by Switzerland. More on that. Plus, there's news the oil services company Schlumberger will cut 9000 jobs. But to bring this right down to an even more intimate level, let's turn to the town of Lorain, Ohio, west of Cleveland. Once economically distressed, jobs poured in at the U.S. steel plant in Lorain, to make pipes for domestic shale oil production. Now that crude oil is trading at less than half the price it was in June, there's word that more than 600 workers (nearly everyone) at the plant will lose their jobs.

 

 

Segments From this episode

So, when can I buy a flight to Cuba?

Jan 16, 2015
The U.S. loosens some restrictions on travel to the island nation Friday.

A disappearing industry in Lorain, Ohio

Jan 16, 2015
As the price of crude oil falls, so does the demand for steel.

Frac sand companies get creative with local politics

Jan 16, 2015
When a Wisconsin county tried to shut them out, sand companies found a way in.

Netflix becomes a movie studio

Jan 16, 2015
The streaming giant is financing and releasing two films this year.

PODCAST: Breaking the Google Glass

Jan 16, 2015
Travel to Cuba, the end of Google Glass, and digging for sand in the midwest.

Airing on Friday, January 16, 2015: Players in financial markets and some homeowners in Europe feel like they just got mugged by Switzerland. More on that. Plus, there’s news the oil services company Schlumberger will cut 9000 jobs. But to bring this right down to an even more intimate level, let’s turn to the town of Lorain, Ohio, west of Cleveland. Once economically distressed, jobs poured in at the U.S. steel plant in Lorain, to make pipes for domestic shale oil production. Now that crude oil is trading at less than half the price it was in June, there’s word that more than 600 workers (nearly everyone) at the plant will lose their jobs.

 

 

The team

Stephen Ryan Producer, BBC