Feb 21, 2013

Marketplace Morning Report for Thursday, February 21, 2013

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With just a week left until we reach the $85 billion in automatic spending cuts known as the sequester, President Obama took to eight local media markets trying to pressure Congress to avoid the cuts. New research indicates that our main protection against the mosquito, DEET, may not be as effective as we thought. And, 11 scientists are $3 million richer than they were earlier this week thanks to the new 'Breakthrough Prize' awarded by Silicon Valley tech titans.

Segments From this episode

Walmart's worries: Payroll tax, gas prices

Feb 21, 2013
Walmart, Safeway and other grocers face more than higher payroll taxes. High gas prices could crimp shoppers, but job growth could help.

Attack of the mosquito! Bugs beat DEET

Feb 21, 2013
New research indicates that the main protection against the mosquito, DEET, may not be as effective as originally thought.

Local TV gets presidential exclusive

Feb 21, 2013
The president gave interviews Wednesday to eight local TV stations in markets with a lot at stake in the fight over the across the board budget cuts.

Sequester could cut jobs outside U.S. borders

Feb 21, 2013
Cuts in defense spending as part of the sequester could ripple to suppliers outside the U.S.

In defense of payday lenders

Feb 21, 2013
A payday lender from Kansas City, Missouri, says his business is fair, just do the math.

Florida Medicaid switcheroo: Rick Scott backs down

Feb 21, 2013
One of the Affordable Care Act's fiercest critics, Florida's Republican Governor Rick Scott has reversed courses and is dropping his opposition to expanding Medicaid.

Mark Zuckerberg will give you millions for science research

Feb 21, 2013
11 scientists are $3 million richer than they were earlier this week thanks to the new 'Breakthrough Prize' awarded by Silicon Valley tech titans including Facebook CEO Mark Zuckerberg.

Global markets tank on concerns over Federal Reserve meeting

Feb 21, 2013
On Wednesday, the central bank released meeting minutes which showed division over whether to continue its stimulative policy of quantitative easing.

PODCAST: Be careful what you streetview

Feb 21, 2013
A surprising turnaround from Florida Governor Rick Scott on expanding Medicaid, a payday lender defends his business, and what can Walmart's earnings tell us about the state of consumer spending?

With just a week left until we reach the $85 billion in automatic spending cuts known as the sequester, President Obama took to eight local media markets trying to pressure Congress to avoid the cuts. New research indicates that our main protection against the mosquito, DEET, may not be as effective as we thought. And, 11 scientists are $3 million richer than they were earlier this week thanks to the new ‘Breakthrough Prize’ awarded by Silicon Valley tech titans.

The team

Stephen Ryan Producer, BBC