Marketplace Morning Report for Wednesday September 3, 2014
Sep 3, 2014

Marketplace Morning Report for Wednesday September 3, 2014

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For trading stocks and other securities, there are stock exchanges, which are highly regulated. There are also alternative trading systems called "dark pools," which are lightly regulated. There's news this morning that IEX, an upstart, alternative system has gotten some big new investors to help it try become a fully-fledge, regulated exchange. IEX is designed to mute the effects of high speed trading, advanced technology that some argue serves Wall Street middlemen and not investors. The CEO of IEX--Brad Katsuyama was cast as the protagonist in Michael Lewis' bestselling critique of high-speed trading, and he joins us today. Plus, H&R Block is expected to report its profits later today. Analysts are feeling good about the tax-prep giant's future and the industry as a whole. That industry can thank the health care reform law. In just a few months, millions of people may end up with tricky tax questions now that they've received federal subsidies to help cover the cost of health insurance. And there's word from the mayor's office in New York that nine of about 1100 sites for city-funded, privately-run pre-kindergarten will not open because of safety questions and other issues. There will be delays for 36 others. Still, beginning tomorrow, about 50,000 four year olds in New York City will start attending full-day pre-kindergarten. It'll be free for families, which is especially significant in a city where early education had been the most expensive in the country.

 

Segments From this episode

Obamacare could be a boon for tax preparers

Sep 3, 2014
Why firms like H&R Block may benefit from the ACAs complex tax implications.

New York begins free universal pre-kindergarten

Sep 3, 2014
Free universal pre-K begins as part of an initiative by new mayor Bill de Blasio.

PODCAST: Preventing another financial crisis

Sep 3, 2014
Strong car sales, the FDIC takes a vote, and saving for retirement.

Preventing the next financial crisis

Sep 3, 2014
The FDIC will vote on a rule that's designed to improve the way banks manage risk.

The benefits of working 9 to 5 until you're 95

Sep 3, 2014
More baby boomers are putting off retirement, and it could be good for everyone.

IEX scores big investors

Sep 3, 2014
The upstart, alternative system will attempt to become a regulated exchange.

For trading stocks and other securities, there are stock exchanges, which are highly regulated. There are also alternative trading systems called “dark pools,” which are lightly regulated. There’s news this morning that IEX, an upstart, alternative system has gotten some big new investors to help it try become a fully-fledge, regulated exchange. IEX is designed to mute the effects of high speed trading, advanced technology that some argue serves Wall Street middlemen and not investors. The CEO of IEX–Brad Katsuyama was cast as the protagonist in Michael Lewis’ bestselling critique of high-speed trading, and he joins us today. Plus, H&R Block is expected to report its profits later today. Analysts are feeling good about the tax-prep giant’s future and the industry as a whole. That industry can thank the health care reform law. In just a few months, millions of people may end up with tricky tax questions now that they’ve received federal subsidies to help cover the cost of health insurance. And there’s word from the mayor’s office in New York that nine of about 1100 sites for city-funded, privately-run pre-kindergarten will not open because of safety questions and other issues. There will be delays for 36 others. Still, beginning tomorrow, about 50,000 four year olds in New York City will start attending full-day pre-kindergarten. It’ll be free for families, which is especially significant in a city where early education had been the most expensive in the country.

 

The team

Stephen Ryan Producer, BBC