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Marketplace for Thursday, November 24, 2016

Nov 24, 2016
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Marketplace

Happy Thanksgiving! On today's show we're straddling turkey day and Black Friday with stories about football, gift cards and Ikea. Plus, a farm program in southern Oregon that lets former drug addicts grow nutritious food for their families. 

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Andy Uhler

The National Football League has been playing games on Thanksgiving since 1920. But the Detroit Lions were the first team to really embrace the Thanksgiving day game.  They've been playing on Turkey Thursday since 1934. And what began as a ploy to fill a stadium on a day when fans didn't have to go to work , has grown into a full-blown tradition of turkey and pigskin and big money for the NFL.

 

 

 

Farming program aims to help addicts and their families

Nov 24, 2016
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Melanie Sevcenko

In southern Oregon, the city of Medford has a high concentration  substance abuse. It’s even earned the nickname "Methford.” One of the problems that comes with drug addiction is child abuse and neglect. But the local Family Nurturing Center wants to prevent that,  so it started the Farm & Food Program.

China's Ctrip to purchase Skyscanner for $1.7 billion

Nov 24, 2016

On today's show, we'll talk about news that the Chinese travel site Ctrip is purchasing Britain's Skyscanner for $1.7 billion; data that show the percentage of underwater homeowners has decreased to 10 percent; and the high demand for language teachers in Germany.  

Home equity helping people build household wealth

Nov 24, 2016
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Mitchell Hartman

Remember the housing crisis? Well, for many American homeowners, it’s now squarely in the rear-view mirror. A report from RealtyTrac finds that the percentage of homeowners who are underwater — meaning they owe more on their mortgage than their home is worth — has fallen to about 10 percent. It was 28 percent at its peak in 2012. The main reason: home prices have been rising, for years, helped by low mortgage rates. So homeowners have been able to build wealth through the equity they have in their homes.

Chart of the day: the cost of Thanksgiving

Nov 23, 2016
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Marketplace staff

A modest Thanksgiving meal for 10 costs an average of $49.87 this year, down 24 cents from last November. The American Farm Bureau Federation has been tracking the cost of a feast for more than three decades with an informal survey.

Virtual reality: can it save us?

Nov 23, 2016
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Marketplace

Virtual reality gear has been predicted to be a big trend this holiday season. Even though it’s been popularized as the next big thing for gaming, VR has a lot of potential that reaches beyond just entertainment.

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Mitchell Hartman

A U.S. District Court judge in Texas late Tuesday issued a preliminary injunction that blocks — for now — sweeping new overtime rules from going into effect Dec. 1. Those rules were challenged in court by business groups and state governments that claimed they were arbitrary and too costly.

My Economy: Free college "changed my life"

Nov 23, 2016
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Amy Scott

Most of us take free public education for granted, at least through high school. But the idea of free college really gained traction during the election season.

Is the Democratic Party open to working with Trump?

Nov 23, 2016

On today's show, we'll talk about a federal judge's decision to block Obama's new overtime rule; whether Democrats are open to cooperating with Trump; and Twitter's accidental suspension of its CEO's account. 

Federal judge blocks Obama's overtime rule

Nov 23, 2016
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Mitchell Hartman

The imposition of a nationwide preliminary injunction by U.S. District Judge Amos Mazzant III in Texas is a victory for business groups and states that challenged the Obama Administration's new overtime rules. They argued the rules were a government overreach and would raise labor costs dramatically.

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Andy Uhler

The American Automobile Association says nearly 50 million people will travel more than 50 miles this Thanksgiving – to visit relatives, or maybe to take a quick vacation. That is an economic indicator.

Click the above audio player to hear the full story. 

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Adam Allington

Since the election, a new phenomenon appears to be emerging: so-called “rage donations.”

Across the country, progressive nonprofits are reporting an unprecedented surge in donations, as disappointed Clinton voters channel their frustration into hard cash for the causes they support.

Click the above audio player to hear the full story.

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Marketplace staff

A new report from the International Telecommunications Union shows just under half — 47 percent — of people use the internet worldwide, but that number varies wildly when you measure country by country or even region by region.

Amazon wants to stream live sports

Nov 22, 2016
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Reema Khrais

Amazon is exploring a new frontier: live sports. The tech giant is in talks with the NFL, the NBA and others for the rights to stream lives games, according to a report from the Wall Street Journal. Why is Amazon eyeing the world of live sports and what does the potential move mean for plain old broadcasting? 

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Donna Tam

If you purchase aloe vera gel from one of the nation’s top retailers like Wal-Mart, Target or CVS, you may be missing out on actual aloe, according to Bloomberg.

JCPenney CEO Marvin Ellison on the art of retail

Nov 22, 2016
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Kai Ryssdal and Bridget Bodnar

From a JCPenney in Frisco, Texas, CEO Marvin Ellison talks about using data and instinct to return the department store to profitability, why he thinks appliances will be their new big seller and how he started his retail career as a part-time security guard. 

Subscribe to the Corner Office podcast on iTunes.

Oil prices increase as OPEC gathers

Nov 22, 2016

On today's show, we'll talk about why there's been a jump in oil prices; Campbell's $32 million investment in Habit, a company that develops meal recommendations based on your DNA; and Delta's use of RFID tags, which help passengers track luggage using their smartphones.

Trump video raises questions on regulation

Nov 22, 2016
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Lane Wallace

President-elect Donald Trump laid out some plans for his first day in office in a two-and-a-half minute video address released Monday. He pledged to immediately withdraw from the free trade deal called the Trans-Pacific Partnership, and put a five-year lobbying ban on people who have worked for the Trump administration. He also said he’ll target regulation, beginning with regulations on shale and coal. But it takes a lot to rescind a federal regulation that’s been finalized through a notice-and-comment process.

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D Gorenstein

Many of us will likely be taking in a lot more calories than we’d care to admit later this week.

Thanksgiving feasts aside, Campbell’s Soup is betting on a growing trend towards healthier, personalized eating habits.  The food giant has invested in a new company that promises to tailor meals based on an individual’s unique biology. 

Click the above audio player to hear the full interview. 

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Tasnim Shamma

Your luggage tag may look like an ordinary paper tag, but if you’re flying with Delta Air Lines, it now has a microchip embedded inside. Atlanta-based Delta Air Lines is spending millions on new technology that allows its passengers to track their bags using a smartphone.

At Hartsfield-Jackson Atlanta International Airport, the home base of Delta Air Lines, Cynthia Tookes of Lithonia, Georgia, who flies once a week to sing with her church choir, said she loves the new feature that allows her to track her bags on the Fly Delta app.

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Kai Ryssdal

This might be of interest to all you thanksgiving travelers this week. The TSA has provided some helpful reminders of what can and cannot go through airport security for the holidays, as detailed in Eater magazine.

Big Soda and the rise of product placement

Nov 21, 2016
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Kai Ryssdal and Adhiti Bandlamudi

Product placement has become so commonplace in television and movies that audiences can barely recognize it anymore. Coca Cola buying Columbia Pictures in 1982 marks the genesis of product placement as we know it today. Although the Big Soda company sold Columbia Pictures seven years later, they made a lasting impact on the industry. Soon, movies started to build stories around products, like the "Transformers" franchise or "Harold and Kumar Go To White Castle".

Justice Department challenges Anthem-Cigna merger

Nov 21, 2016

On today's show, we'll talk about how the economy might look under the first year of Trump's presidency; why the Justice Department is challenging a Cigna-Anthem merger; and the rise of a month-long Black Friday and Cyber Monday. 

Democrats hit the reset button

Nov 21, 2016
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Kai Ryssdal and Andrea Seabrook

Incoming Senator Minority Leader Chuck Schumer looks to rebuild the Democratic party, and Ohio Rep. Tim Ryan looks to unseat Nancy Pelosi as House Minority Leader. Both agree there's a place for blue-collar workers in the Democratic Party.

Got questions over the economy over the next four years? Tweet them at @Marketplace, @KaiRyssdal and @radiobabe.

Trump meeting raises ethical concerns

Nov 21, 2016
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Lane Wallace

There are concerns about ethics and propriety after Donald Trump met last week with three business partners from India. The three are involved with Trump Tower Mumbai, a luxury apartment complex that bears the Trump name, and they’ve told Indian media that they hope to do more business with the Trumps.

The economy in Trump's first year

Nov 21, 2016
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Mitchell Hartman

Donald Trump’s election, and the early actions of his transition team, have shored up investor confidence in the short term, with major U.S. stock indices rising since Nov. 8.

Investors anticipate pumped-up profits in sectors such as energy, defense and pharmaceuticals under a Republican president and Congress.

It’s Black Friday Cyber November!

Nov 21, 2016
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JaeRan Kim

Thanksgiving is just days away, followed right after by those annual shopping frenzies, Black Friday and the newer Cyber Monday. Each promises customers special deals — one in actual stores, the other online. How do businesses with both stores and a website decide what days get which deals?

Click the above audio player to hear the full story.

Chart of the day: VC money and Silicon Valley real estate

Nov 18, 2016
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Marketplace staff

The folks over at MatterMark looked at thousands of VC deals and Zillow housing data over a decade and found a (perhaps unsurprising) correlation. 

They also checked average housing price against the volume of venture capital deals. 

Bannon and Trump: Cromwell and King Henry VIII

Nov 18, 2016
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Kai Ryssdal

Pay close attention to one Hollywood Reporter article concerning Steve Bannon, the incoming chief strategist and senior counselor to President-elect Trump.

It's a really interesting piece, as I discussed with Felix and Linette on The Weekly Wrap — but the real kicker is this actual quote from Mr. Bannon.

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