Marketplace Morning Report

with David Brancaccio

Marketplace Morning Report for Thursday, November 14, 2013

Federal Reserve chair nominee Janet Yellen starts the confirmation process in front of the Senate Banking Committee today. The text of her prepared remarks is already out and there are four key words in it: The Fed has, Yellen will say, "more work to do." That might mean the Fed has more stimulus to do, and stocks are rallying today. Walmart will announce its quarterly profits this morning. The National Retail Federation projects that average American shopper will spend $737.95 on holiday shopping -- that's down 2 percent from last year. And, Venezuela has a terrible inflation problem. Consumer prices jumped 54 percent last month alone. Venezuelan President Nicolás Maduro blames what he calls "hoarding and speculation," and he's taking some dramatic steps to combat the problem.

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Economy

PODCAST: Yellen on the hot seat

Nominee for the Federal Reserve Board Chairman Janet Yellen waits for the beginning of her confirmation hearing November 14, 2013 on Capitol Hill in Washington, DC. Yellen will be the first woman to head the Federal Reserve if confirmed by the Senate and will succeed Ben Bernanke.
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Marketplace Morning Report®, hosted by David Brancaccio, kicks your weekday off right. Now a regular segment on NPR’s Morning Edition®, it’s a dash of news to go with that first cup of coffee. Get a global perspective on what’s making the business news headlines, airing up to five times each morning.