Marketplace Morning Report for Thursday December 25, 2014
Dec 25, 2014

Marketplace Morning Report for Thursday December 25, 2014

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Airing on Thursday December 25, 2014: Twenty-one states are raising their minimum wages beginning January 1. That means Walmart, which has a large workforce making the minimum, will have to give raises to a lot of its workers. Plus, we look at why olive oil is getting so expensive. And if you're particularly fond of the movie "A Christmas Story," you might want to make the trip out to Cleveland to visit the house from the movie. This year marks a decade since its owner, Brian Jones, bought the house used for the film’s exterior shots for a flat $150,000 from its owners on eBay. It was a dilapidated mess and one of the many victims of the horrid housing market here in the city. But since sinking more than $1 million into its renovation, the Christmas Story house sees 50,000+ visitors annually year-round, and just last year started a foundation where money raised (about $60,000) goes towards helping other homes in the area get fixed up.

Segments From this episode

PODCAST: Cat cafe

Dec 25, 2014
The energy sector reacts to oil prices, Detroit real estate rebounds, and cat cafe.

New minimum wage laws bring Walmart pay raises

Dec 25, 2014
More money in the pockets of Walmart employees could also help the retailer.

Detroit real estate on the rise

Dec 25, 2014
Detroit property values are beginning to approach pre-recession levels.

Oil prices shoot sky-high. Olive oil, that is.

Dec 25, 2014
A lousy crop means high prices. At least for the real thing.

'Christmas Story' house gives back to Cleveland

Dec 25, 2014
Money raised from tours of house used in the movie helps fix up nearby homes.

Would you like a cat with your cappuccino?

Dec 25, 2014
Cat cafes are becoming a new way to find homes for shelter and rescue cats.

Airing on Thursday December 25, 2014: Twenty-one states are raising their minimum wages beginning January 1. That means Walmart, which has a large workforce making the minimum, will have to give raises to a lot of its workers. Plus, we look at why olive oil is getting so expensive. And if you’re particularly fond of the movie “A Christmas Story,” you might want to make the trip out to Cleveland to visit the house from the movie. This year marks a decade since its owner, Brian Jones, bought the house used for the film’s exterior shots for a flat $150,000 from its owners on eBay. It was a dilapidated mess and one of the many victims of the horrid housing market here in the city. But since sinking more than $1 million into its renovation, the Christmas Story house sees 50,000+ visitors annually year-round, and just last year started a foundation where money raised (about $60,000) goes towards helping other homes in the area get fixed up.

The team

Stephen Ryan Producer, BBC