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Marketplace Morning Report for Thursday, November 14, 2013
Nov 14, 2013

Marketplace Morning Report for Thursday, November 14, 2013

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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.

Segments From this episode

Will Yellen continue to pull back the Fed's curtains?

Nov 14, 2013
Janet Yellen was the advocate for more transparency by the Fed. What will she do as chair?

Walmart and other retailers will do anything to get shoppers in the door this holiday

Nov 14, 2013
Walmart and other retail chains are rolling out plans for making the most from a short shopping season.

Typewriters, somehow, still in demand

Nov 14, 2013
There are still people who make a living selling typewriters to law offices, funeral parlors, and anybody else who fills out a lot of forms.

As Venezuelan inflation hits new highs, a crackdown on consumer prices

Nov 14, 2013
Venezuela has a terrible inflation problem, and the government's dramatic steps to fix them problem aren't likely to make a real impact.

What does Janet Yellen mean by 'more work to do'?

Nov 14, 2013
The head of the Federal Reserve doesn't have to listen to Congress after confirmation, but a nominee does have to listen before hand

PODCAST: Yellen on the hot seat

Nov 14, 2013
Janet Yellen was the advocate for more transparency by the Fed. What will she do as chair? A JPMorgan Twitter Q&A quickly turned into a public relations disaster. And, there are still people who make a living selling typewriters to law offices.

#AskJPM? 'Bad idea.'

Nov 14, 2013
A JPMorgan Twitter Q&A quickly turned into a public relations disaster

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.

The team

Stephen Ryan Producer, BBC