Marketplace Morning Report for Wednesday May 21, 2014
May 21, 2014

Marketplace Morning Report for Wednesday May 21, 2014

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JPMorgan has planned to direct $100 million in investments at Detroit for homes, businesses and job training. What's the bank's goal in doing so and how much will this help? Plus, T-Mobile, already a favorite of Latinos in the U.S., is partnering with Univision to offer a phone service customized for Latino customers. Then, we head back to London where we discuss the massive influence wielded by London's Stock Exchange, a rival to New York as the  number one financial center on the planet, and examine how this came about and whether London can maintain its current disproportionate status as a global financial hub. We also look at the increased use of food banks in London and a dramatic rise in use by members of the middle and upper classes who have lost jobs or can't cope with their bills anymore.

 

 

Segments From this episode

London is no longer the world's top financial center

May 20, 2014
Wall Street edges out London as top global finance hub but London is still strong.

JPMorgan Chase investing in Detroit's community

May 21, 2014
JPMorgan invests $100 million in homes, businesses and job training in Detroit.
The General Motors (GM) world headquarters is seen February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. JPMorgan announced it will direct $100 million in investments at Detroit for homes, businesses and job training. 

 
J.D. Pooley/Getty Images

T-Mobile and Univision pitch Latinos a phone plan

May 21, 2014
T-Mobile partners with Univision to offer a phone service tailored for Latinos.

PODCAST: A cautious Fed

May 21, 2014
A visit the 100 year-old Borough Market in London. And a look at London's lost title as the top financial city in the world.

What China gets from the $400 billion Russian gas deal

May 21, 2014
China and Russia signed a deal for $400 billion-worth of gas for the next 30 years

JPMorgan has planned to direct $100 million in investments at Detroit for homes, businesses and job training. What’s the bank’s goal in doing so and how much will this help? Plus, T-Mobile, already a favorite of Latinos in the U.S., is partnering with Univision to offer a phone service customized for Latino customers. Then, we head back to London where we discuss the massive influence wielded by London’s Stock Exchange, a rival to New York as the  number one financial center on the planet, and examine how this came about and whether London can maintain its current disproportionate status as a global financial hub. We also look at the increased use of food banks in London and a dramatic rise in use by members of the middle and upper classes who have lost jobs or can’t cope with their bills anymore.

 

 

The team

Stephen Ryan Producer, BBC