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Marketplace Morning Report for Wednesday, October 9, 2013
Oct 9, 2013

Marketplace Morning Report for Wednesday, October 9, 2013

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The White House confirmed this morning that President Obama will nominate Janet Yellen as chairwoman of the Federal Reserve. If she is confirmed by Congress, she will be the first woman to hold that position. Yellen is currently the Fed's vice chairwoman and a former member of Bill Clinton's Council of Economic Advisers  We'll find out who she is, and also take a look at the legacy of Ben Bernanke, the man she will potentially be replacing. Also, Walmart experiences a major setback in its quest to become a retail giant in India.

Segments From this episode

Buffett made $10 billion profit off financial crisis

Oct 9, 2013
The Oracle of Omaha's Berkshire Hathaway made a killing off investments in distressed companies.

Walmart to buy out partner in Indian stores

Oct 9, 2013
Without a local partner, Walmart will be unable to open more stores in India.

Who is Janet Yellen?

by
Oct 9, 2013
A look at the life and career of President Obama's nominee for chair of the Fed.

The legacy of Ben Bernanke

Oct 9, 2013
The outgoing Fed chairman presided over the worst economic collapse since the Great Depression.
Federal Reserve Board Chairman Ben Bernanke, photographed in July.
Win McNamee/Getty Images

What would the Fed be like under Chair Janet Yellen?

Oct 9, 2013
And how is Wall Street reacting to the White House's announcement?

PODCAST: Janet Yellen nominated to be chair of Federal Reserve

Oct 9, 2013
A look at the life and career of President Obama's nominee for chair of the Fed. What would the Fed be like under Chair Janet Yellen, and how is Wall Street reacting to the White House's announcement? And, Warren Buffett's Berkshire Hathaway made a killing off investments in distressed companies during the recession.

IPO marks Wall Street's unlikely love for rave scene

Oct 9, 2013
EDM events make big bucks.

The White House confirmed this morning that President Obama will nominate Janet Yellen as chairwoman of the Federal Reserve. If she is confirmed by Congress, she will be the first woman to hold that position. Yellen is currently the Fed’s vice chairwoman and a former member of Bill Clinton’s Council of Economic Advisers  We’ll find out who she is, and also take a look at the legacy of Ben Bernanke, the man she will potentially be replacing. Also, Walmart experiences a major setback in its quest to become a retail giant in India.

The team

Stephen Ryan Producer, BBC