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Marketplace Morning Report for Friday, January 24, 2014
Jan 24, 2014

Marketplace Morning Report for Friday, January 24, 2014

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It's been a dizzying 24 hours in Argentina. The South American country's economy currency plummeted 19 percent versus the U.S. It seems to be stabilized this morning at 7.9, down more than 8 percent from a day ago. Few in Argentina will forget the turbulence a little over a decade ago, with the currency swings that came Argentina defaulted on its debts. And at this Sunday's Grammy Awards, the rich stars can handle the expensive gown and the cost of the glamour squad for hair, make up, limo. But for what you might call an "emerging" artist, there's added stress of finding the cash to keep up with the established music elite. 

Segments From this episode

Strutting in style at the Grammys doesn't come cheap

Jan 24, 2014
The dress, the hair, the limo -- even if you're not a star (yet), it's part of the cost of breaking into the music business.
Model/Singer/Actress Colette Falla. Styling by Catherine Joubert
Courtesy of Colette Falla

Railroads' earnings -- and their freight -- show where the economy's heading

Jan 24, 2014
Railroads are shipping less coal, while they're sending packed supply trains to the oil fracking fields of North Dakota.

Banks don't want to hold marijuana industry's stash

Jan 24, 2014
Banks are reluctant -- in most cases unwilling -- to do business with the marijuana industry.

5 months before the World Cup, half the venues aren't finished

Jan 24, 2014
Less than five months before Brazil's World Cup kicks off, 6 out of 12 venues are still unfinished.

An economic storm in Argentina

Jan 24, 2014
The value of the peso had plummeted before stabilizing this morning.

PODCAST: The legal marijuana industry's banking problem

Jan 24, 2014
Banks are reluctant -- or, in most cases unwilling, -- to do business with the marijuana industry. Railroads are shipping less coal, while they're sending packed supply trains to the oil fracking fields of North Dakota. And, less than five months before Brazil's World Cup kicks off, 6 out of 12 venues are still unfinished.

It’s been a dizzying 24 hours in Argentina. The South American country’s economy currency plummeted 19 percent versus the U.S. It seems to be stabilized this morning at 7.9, down more than 8 percent from a day ago. Few in Argentina will forget the turbulence a little over a decade ago, with the currency swings that came Argentina defaulted on its debts. And at this Sunday’s Grammy Awards, the rich stars can handle the expensive gown and the cost of the glamour squad for hair, make up, limo. But for what you might call an “emerging” artist, there’s added stress of finding the cash to keep up with the established music elite. 

The team

Stephen Ryan Producer, BBC