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Marketplace

Marketplace Business News Podcast
Kai Ryssdal
Latest Episode

Marketplace for Thursday, October 3, 2013

Oct 3, 2013

Episodes 3451 - 3460 of 5796

  • Both parties are using the government shutdown to raise money and it’s working — for now. Plus, there’s a good chance the government won’t release monthly jobs numbers this Friday – so what happens to economists’ ability to assess any recovery, or other economic shift, if government data dries up? Also, if you’re an insurance agent, now you know how all those travel agents felt when Expedia came online. And finally, best-selling author Tom Clancy died yesterday at age 66. Clancy was also a video game magnate and Hollywood hit machine.

  • A government shutdown began at midnight, and while furloughed government workers will feel the effect of a government shutdown right away in their paychecks, what will be the signs that the shutdown is making a difference in the broader economy? Plus, we look at why investors seem to be tuning out the political impasse in Washington, and when they might start to care. Today’s also the first day that many Americans can begin enrolling in health care exchanges as part of Obamacare. Computer glitches have many annoyed, but what was the day like on the inside?

  • President Obama said that he doesn’t believe a shutdown at midnight is a foregone conclusion, and lawmakers from both parties scrambled to work out a deal to avoid the first government shutdown since the 1990s. How much would a shutdown actually harm the economy? Also, the oil company Shell has sold its stake in a Texas fracking operation, partially because of a glut of natural gas on the market. Also, the New York City Opera also faces a budget deadline today – to raise $7 million dollars to avoid a shutdown.  It appears that the end is inevitable – but some are echoing a line from the company’s current opera about Anna Nicole Smith:   “not dead yet.”

  • The world’s top climate scientists issued their most definitive report yet on the challenges and risks of climate change — specifically human-caused global warming. The report is six years in the making, because climate science operates at a glacial pace. Congress also seems to move at a glacial pace — except when it has to move faster. And the deadline for a government shutdown looms next week. Also, Carlyle Group private equity is investing in Dr Dre’s Beats Electronics. It’s a vote of confidence in the company’s ability to be more than a fad, and to expand into other audio electronics globally.

  • JPMorgan Chase CEO Jamie Dimon arrived at the U.S. Justice Department building to meet with Attorney General Eric Holder, according to reports. The two sides are discussing how big a settlement the bank will pay to end civil and criminal charges over the mortgage mess. Also, bureaucrats in Washington are drawing up contingency plans if Congress doesn’t raise the debt limit — but how do you prioritize who gets paid, and who doesn’t. And finally, Twitter is partnering with the National Football League in an advertising deal. Will this prove to investors that the social network can make money?

  • Starting next week, federally run exchanges under Obamacare will officially roll out in 36 states. We just got our first detailed look at the premiums that will be offered in the federally run health care exchanges. President Obama said in a speech yesterday that for many people, the rates were potentially “less than their cell phone bill.” And low premiums are great, but when it comes to the real cost of health care, the premium is just the beginning. Also, with a government shutdown looming on Tuesday, we look at how shutting down the government actually costs us money.

  • Iran’s foreign minister and Secretary of State John Kerry plan to meet at the U.N. General Assembly. The U.S. has imposed sanctions on the country for decades, and confiscated payments to the country for years. How much money is out there? And can Iran ever get it back? Also, Facebook unveiled a payment service that it hopes will encourage buyers to purchase things without having to enter long, complicated account information. There is a business strategy behind “frictionless payments.” And finally, a housing report out today indicates that real estate continues to recover. So why are the banks laying off mortgage professionals?

  • The owner of BlackBerry has agreed to go private in a $4.7 billion deal. Canadian investment firm Fairfax Financial would buy the struggling smartphone maker for $9 per share. Also, New York state has reached a settlement with some prominent firms in the fake online review business. The industry has moved way beyond having your friends write raves for you. Plus, in the past, a mass shooting would mean a dip in the stocks of makers of guns. But the shooting at the Washington Navy Yard was different — no drop.

  • The EPA announced emission rules that will require new coal-burning plants to cut carbon-dioxide pollution by 40 percent. The industry says no can do, but in fact utilities are way ahead of the EPA in cutting coal emissions in general, by closing old plants and not building new ones. We’re about to hear a lot about the debt ceiling and the threat of a government shutdown.  Krissy Clark is our guide as we head back down the budget war road. And finally, Nielsen, the counter of all things media, will start counting TV viewership on tablets and smartphones in fall 2014.

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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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