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Marketplace

Marketplace Business News Podcast
Kai Ryssdal
Latest Episode

Marketplace for Wednesday August 6, 2014

Aug 6, 2014

Episodes 3231 - 3240 of 5795

  • The media company Gannet, which owns the newspaper USA TODAY, announced plans to separate its broadcast and digital division from its publishing division. The company added that this move will give the new separate companies ‘increased opportunities to grow organically’. Why has Gannett made this move now and will it pay off? We investigate. Plus, President Obama announced that U.S. corporations have pledged $14 billion worth of investments in African countries. We look at the kinds of projects U.S. companies are pursuing in Africa and where they are happening. Also, the DOJ is investigating GMs auto loan business amid speculation of fraudulent. The auto loan business isn’t so big that a loan freeze will create a systemic problem for the financial system, but if the government clamps down, people will suffer. 

  • Portugal is dealing with the thorny issue of the near collapse of the Banco Espirito Santo by using the not-so-new solution of spinning off the bad assets in the bank. It’s called a good bank-bad bank strategy, and we last saw it used during the financial crisis. We investigate. Plus, the Mayor of Toledo, Ohio, says resident can drink tap water again…if they want to. But with algae blooms increasingly common in Lake Erie, what does the future hold for the water supply for Toledo and many other cities?

  • What we have here is a jobs recovery without a wage recovery. We look at why more Americans are working, but average wages aren’t even keeping up with inflation. Plus, Procter & Gamble says it’s going to get rid of half its nearly 200 brands. How did that happen, in a company famed for its highly focused brand management? Also, Auto sales are intriguing this quarter. They’re not as good as analysts had expected, but those expectations were very high. We look at why cars are selling so well right now.  

  • The holdout investors in the Argentina bond negotiations bought the bonds at a low price and are squeezing Argentina for a profit. Some people might say that makes the investors good businesspeople, but Argentina says it makes them vultures. We explain what vulture funds are, what they do, and how they provide a valuable service to the bond market. Plus, among the penalties handed out to Bank of America for its actions contributing to the mortgage crisis was a $1 million personal fine charged to a former manager. We look at why so few people are being held individually responsible for their actions. Also, the day of driverless cars being on the road as cars, not experiments, is nigh. We look at how insurers might adapt to this new category of vehicle.

  • Twitter announced it lost $144 million in the first quarter, but it also registered a 25 percent gain in users in the period. That’s a good first step. The second step will be working out how to make money off those users, and the third step will be actually turning a profit. It’s a simple three-step road to success. So simple that a bunch of pantie-pinching gnomes could understand it. And maybe even make it work. Also, the National Labor Relations Board says McDonald’s could be held ‘jointly liable’ for labor and wage violations made by its franchise owners. How does this business model work, and what impact will yesterday’s ruling have on McDonald’s and other companies like it? Also, movie studios are working on a deal to help out Kodak by contracting to buy large stocks of old-fashioned motion picture film. Does trying to prop up a dying industry ever work?  We’ll look at a few examples. 

  • A new round of European sanctions against Russia, announced today, may also hurt US businesses that operate in Russia or have interests there. We consider the possible impact on these firms. Plus, it’s looking increasingly likely that Argentina will default on some of its bonds. So what happens then? Will Argentina be consumed by hellfire? Will fear of contagion freeze the global financial markets and plunge us into another recession? Or will it be business as usual in the global bond market? Also, according to a report by the Urban Institute that came out this week, around 77 million have debt in collections. We look at what happens when a bill goes to collection, and what happens to the people who owe money.

  • Trulia and Zillow announced they will join forces in a deal worth a reported $3.5 billion. It looks a lot like something that happens in tech when a sector matures in which companies start buying each other open a so-called roll up. We explain why this happens and what to expect in this business. Plus, Dollar Tree will also be acquiring Family Dollar Stores in a deal valued at $8.5 billion. How have things changed and how are these stores repositioning themselves as the economy recovers? In Detroit, the city water agency is proceeding with its plan to go after individual residents who are delinquent, to scare people into paying up, while negotiating with or otherwise letting slip by the big delinquent users who can fight back. Like Chrysler. And the state of Michigan.

  • We’ve come to expect lousy earnings reports from Amazon, but yesterday’s was beyond lousy, and the stock is  down 11 percent this morning. Has Amazon finally reached a point where it’s going to have to behave like other companies and make some money? Plus, under the Affordable Care Act, healthcare companies are required to spend at least 80 percent of premiums on actual medical care. We’ll explain how these rebates work and who actually gets the money. Also, has the automated red light camera system failed to live up to its promise? The system was created to improve safety on the roads and generate income in cities across the country, but the system has been plagued with controversy; and is increasingly unpopular with drivers. 

  • Facebook’s blow-the-roof off earnings report shows that it has figured out mobile, and is set to dominate the mobile ad world. So how did that happen, and what comes next? Plus, in its latest earnings report, automaker GM has revealed that it expects to spend between $400 million and $600 million to compensate victims of its defective ignition switches. We consider the company’s strategy in handling its massive recall. Also, Twitter released its diversity statistics yesterday. Not surprisingly, they were as dismal as those at Google, Facebook and other tech companies. So now that they know the scope of the problem, what are these companies doing to address it?

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About the show

Hosted by Kai Ryssdal, our leading business news radio program and podcast is about providing context on the economic news of the day. Through stories, conversations and newsworthy developments, we help listeners understand the economic world around them. Marketplace makes sense of the economy for everyone, no econ degree or finance background required. Marketplace doesn’t just report on the numbers, we take it deeper, adding context to what’s happening in the stock market and how macroeconomic policy can affect you and your business. Monday through Friday, our team speaks with a wide range of industry professionals — from small business owners to Fortune 500 CEOs, Marketplace breaks down complex topics related to business and the economy without industry jargon and over-complicated explanations.

Kai Ryssdal has led the program since 2005 and has hosted the program from China, the Middle East and dozens of cities across the United States. As a leading public media voice, Kai has been a trusted broadcaster for two decades and received an Emmy for investigative journalism on a PBS FRONTLINE documentary about money in politics called “Big Sky, Big Money.” He has appeared often on CNN, CNBC and CBS news. His written work has been featured in The New York Times and The Atlantic.

Produced and distributed by American Public Media (APM) our popular business news podcasts are available worldwide on Apple Podcasts, Spotify, and RSS Feeds and any place else where you get your podcasts.

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