Marketplace Morning Report for Monday, January 19, 2015
Airing on Monday, January 19, 2015: First up on today's show, stock prices tumble in China after authorities try stop investors from getting too crazy with their trading. This after Chinese regulators ordered brokerages to stop letting investors borrow money to buy stocks for three months. More on that. Plus, Radio Shack, which continues its slow death, says it would have liked to close more stores, but the costs were too high. Target and Wet Seal are also shuttering lots of stores. We look at the high cost of closing. And fracking for oil and gas has made sand a $10 billion dollar industry, consuming about a hundred-billion pounds every year; much of it from a few midwestern states. Wisconsin has more sand mines than any other state, with more than 60 active mines and permits issued for many more. The industry has grown faster than regulators can to keep up.
Airing on Monday, January 19, 2015: First up on today’s show, stock prices tumble in China after authorities try stop investors from getting too crazy with their trading. This after Chinese regulators ordered brokerages to stop letting investors borrow money to buy stocks for three months. More on that. Plus, Radio Shack, which continues its slow death, says it would have liked to close more stores, but the costs were too high. Target and Wet Seal are also shuttering lots of stores. We look at the high cost of closing. And fracking for oil and gas has made sand a $10 billion dollar industry, consuming about a hundred-billion pounds every year; much of it from a few midwestern states. Wisconsin has more sand mines than any other state, with more than 60 active mines and permits issued for many more. The industry has grown faster than regulators can to keep up.
