Marketplace

Airs Weekdays at 6:30 pm
  • Hosted by Kai Ryssdal

In 30-minutes, Marketplace breaks down the day's business and economic news. With a reporting style that is lively and unexpected, the stories range from impacting your wallet to Wall Street. Marketplace Morning Report presents the morning business news at 5:50 and 7:50 am weekdays. MMR is hosted by David Brancaccio.

Distributed by: American Public Media

Who failed at overseeing Wells Fargo?

10 hours ago
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Sabri Ben-Achour

“Two million phony accounts. Break them up!” demanded California Democrat Brad Sherman in reference to Wells Fargo’s deceptive banking practices. He was putting the demand to Federal Reserve Chair Janet Yellen at a House Financial Services Committee hearing today.

Her response: “We will hold the largest [financial] organizations to exceptionally high standards of risk management, internal controls and consumer protection.”

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Andy Uhler

The merger of the world’s largest and world’s second largest brewers was agreed upon by shareholders today.

AB InBev won approval to acquire SAB Miller for more than $100 billion. The deal means that about one in every four beers sold around the world will be a product of this mega-brewer.

Bart Watson, chief economist for the Brewers association, said the new company is going to look to emerging markets.  

“This wasn’t about the U.S. market as much as it was about developing markets where SAB Miller was strong and where AB InBev was weak,” he said.

Marketplace for Wednesday, September 28, 2016

14 hours ago
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Scott Tong

Today on the show, we look at efforts to reduce airplane emissions and solve airplane crashes. Plus: Part two of our look at manufacturing in Rochester, New York and a massive beer merger.

How to solve a plane crash

15 hours ago
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Kai Ryssdal and Bridget Bodnar

The Malaysia Airlines Flight 17 that crashed in July 2014 was shot down by a Russian-made missile, according a Dutch-led team of international investigators.

Christine Negroni was not one of those investigators, but she has been a part of others. She also wrote the new book, "The Crash Detectives: Investigating the World's Most Mysterious Air Disasters."

On starting an investigation:

No government rescue for Germany's Deutsche Bank

16 hours ago

On today's show, we'll talk about a decline in the price of U.S. groceries; Whole Foods' opening of a store in Chicago's Englewood neighborhood — a region with a 21 percent unemployment rate; a $41 million clawback from Wells Fargo's CEO; and Deutsche Bank's financial woes.

Tech Intervention: driverless chairs

16 hours ago
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Molly Wood

It's time for another ... Tech Intervention. 

Nissan this week unveiled some new self-driving tech that, we believe, does not need to exist.  It's a fleet of self-driving chairs.  The chairs are meant to move people along in a line. Each one senses the chair in front of it, and then scoots you along so you don't have to stand while you're queued up for your cronut.  

The chairs are only going to be released in certain restaurants in Japan in December of this year. But I think we can all agree that this is a microchip too far. 

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Scott Tong

Airlines around the world would be required to stop adding to their carbon footprints, under a U.N.-sponsored proposal being negotiated in Montreal. The aviation sector was not covered under the international climate agreement agreed to in Paris last year.

Here's how the proposal would work: if emissions at, say, Delta or United go up, the carriers would have to react. One option: innovate and, burn less petroleum, and reduce carbon pollution emissions.

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Lane Wallace

Wells Fargo’s board of directors is asking for its money back following the false account scandal at the bank.

Food prices are insanely cheap right now

19 hours ago
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Adam Allington

You may have noticed you're spending a lot less on eggs, milk and meat these days.

Across the country, grocery prices are falling, and are on track for the longest stretch of falling food prices in more than 50 years.

The bargains may be great for shoppers, but are causing increasing pain for producers further upstream.

Whole Foods opens a store in Chicago 'food desert'

19 hours ago
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Natalie Moore

Whole Foods employees are putting the finishing touches on the new South Side Englewood store in Chicago. Shelves are going in. The marquee sign is getting a touch up. This low-income black neighborhood grapples with numerous issues – foreclosures, unemployment and violence.

It’s also a food desert, an area where there’s more fast food than healthy food. More junk food corner stores than grocers. In short, not exactly Whole Foods’ sweet spot demographic.

Racial bias in preschool

21 hours ago
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D Gorenstein

The effects of racial bias likely start from the moment a kid gets to preschool, according to new data released by the Yale Child Study Center.

Researchers tracked the eye movements of classroom teachers to see which students they watched most closely. They used that data and more to reach the conclusion that there is a lot of implicit bias in preschool teaching.

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Marketplace

On today's show, we'll talk about plans from Wells Fargo's CEO to forfeit $41 million worth of shares; implicit bias against black children in preschool classrooms; and misconceptions about the state of manufacturing in the U.S. 

Marketplace Tech for Wednesday, September 28, 2016

21 hours ago
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Marketplace

On today's show, we'll talk about Elon Musk's plans to move us to Mars; disapproval from German regulators' over Facebook's decision to harvest data on WhatsApp users; and Nissan's new fleet of self-driving...chairs. 

How one business brought back manufacturing jobs

22 hours ago
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Sabri Ben-Achour

If you want to find out how to bring manufacturing jobs back from Asia, one route might be to start with someone who’s done it. Matt Turpin is CEO of Zentech, an electronics manufacturer in Baltimore, Maryland. His company manufactures goods or components for other companies.

“We’ve brought back probably four projects in the past two years,” he said. There are “probably 30 people associated with those projects.”

Ticker, ticker, on the wall...

Sep 27, 2016
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Sabri Ben-Achour

Markets had their own opinions about the first presidential debate of 2016. 

The Mexican peso was up 2.1 percent, reflecting a belief that Hillary Clinton had prevailed. 

Financial markets chimed in as well.

“Equity markets rose in price after the debates,” said S&P Global Market Intelligence’s Sam Stovall. Pundits, he said, have taken this to mean that “the market viewed the outcome to be favorable to the Clinton camp.”

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