Marketplace Morning Report for Wednesday, April 1, 2015
Airing on Wednesday, April 1, 2015: Web hosting company GoDaddy is going public today. Shares in the company are expected to start trading this morning, after pricing its initial public offering overnight. More on that. Plus, Seattle is front and center in the minimum wage debate in the nation and today as the first phase of the city’s minimum wage plan goes into effect with a $11 an hour rate for all minimum wage workers. This will increase to $15 for all workers over the next few years but at least one iconic local restaurant chain, Ivars, is jumping ahead to the final phase straight away. We explore. And we mentioned earlier this week that there's so much oil being pumped right now that we may be running out of space to put it all. And that situation might get worse if Iran is allowed to start pumping its oil into the market. That's doing a couple of things: it's making oil prices fall, and it's increasing the price of storage. And that could create an opportunity for oil traders. Marketplace's Paddy Hirsch joins us to explain.
Airing on Wednesday, April 1, 2015: Web hosting company GoDaddy is going public today. Shares in the company are expected to start trading this morning, after pricing its initial public offering overnight. More on that. Plus, Seattle is front and center in the minimum wage debate in the nation and today as the first phase of the city’s minimum wage plan goes into effect with a $11 an hour rate for all minimum wage workers. This will increase to $15 for all workers over the next few years but at least one iconic local restaurant chain, Ivars, is jumping ahead to the final phase straight away. We explore. And we mentioned earlier this week that there’s so much oil being pumped right now that we may be running out of space to put it all. And that situation might get worse if Iran is allowed to start pumping its oil into the market. That’s doing a couple of things: it’s making oil prices fall, and it’s increasing the price of storage. And that could create an opportunity for oil traders. Marketplace’s Paddy Hirsch joins us to explain.
