Marketplace Morning Report for Thursday, January 15, 2015
Jan 15, 2015

Marketplace Morning Report for Thursday, January 15, 2015

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Airing on Thursday, January 15, 2015: Until today, Switzerland had a policy that it would never let the Euro fall below a specific floor. A Euro would be worth 1.2 swiss franc, at the very least. But as the Euro's value kept drooping with all the uncertainty of a Greek General Election on the way, it was costing Swiss banking authorities a fortune to keep that floor in place. Today, without warning, Switzerland let go of the euro, and the franc shot up. More on that. Plus, some real estate experts are now suggesting the America's terrible foreclosure crisis may be over, by one key measure. RealtyTrac is out with its 2014 report on mortgage-delinquencies, foreclosure auctions, and bank repos-and the rate at which Americans are losing their homes because they can't pay the mortgage is now back to pre-recession levels. Plus, a friendly reminder that explaining the gyrations of the stock market can be like staring at clouds long enough to see shapes of animals or faces.

Segments From this episode

President Obama aims to pass Healthy Families Act

Jan 15, 2015
The plan would allow workers to earn more paid sick time.

Foreclosure crisis just about finished

Jan 15, 2015
A new report says foreclosure filings fell to to approximately the level of 2006.

Hey Google, name my website

Jan 15, 2015
Google enters the crowded field of domain-name registration.

PODCAST: The Franc and the Euro

Jan 15, 2015
Target gets out of Canada, the Swiss get out of the euro, and VW's award winning car.

Target to close its stores in Canada

Jan 15, 2015
Supply-chain problems left Canadian Targets thinly stocked, disappointing shoppers.

Airing on Thursday, January 15, 2015: Until today, Switzerland had a policy that it would never let the Euro fall below a specific floor. A Euro would be worth 1.2 swiss franc, at the very least. But as the Euro’s value kept drooping with all the uncertainty of a Greek General Election on the way, it was costing Swiss banking authorities a fortune to keep that floor in place. Today, without warning, Switzerland let go of the euro, and the franc shot up. More on that. Plus, some real estate experts are now suggesting the America’s terrible foreclosure crisis may be over, by one key measure. RealtyTrac is out with its 2014 report on mortgage-delinquencies, foreclosure auctions, and bank repos-and the rate at which Americans are losing their homes because they can’t pay the mortgage is now back to pre-recession levels. Plus, a friendly reminder that explaining the gyrations of the stock market can be like staring at clouds long enough to see shapes of animals or faces.

The team

Stephen Ryan Producer, BBC