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Business news

Who failed at overseeing Wells Fargo?

Sep 28, 2016
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.”

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.

No government rescue for Germany's Deutsche Bank

Sep 28, 2016

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

Sep 28, 2016
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. 

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

Sep 28, 2016
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.

Ticker, ticker, on the wall....

Sep 27, 2016
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.”

Millenials like city homes but not the high prices

Sep 27, 2016
Mark Garrison

There’s a widely held belief that millennials strongly prefer living in cities over the suburbs. Companies like GE and McDonald’s say they are shifting headquarters from suburban campuses to cities in large part to be more attractive to younger workers.

Nike's future concerns analysts

Sep 27, 2016
D Gorenstein

Caution and low expectations: that’s how several analysts are talking about Nike before the company comes out with its first quarter earnings report later today.

Athletic footwear is a $35 billion industry, and as our taste in footwear changes, Wall Street expects earnings to be down for the shoe king.

On today's show, we'll talk about the financial markets' reaction to last night's presidential debate; Trump's most common rhetorical moves; and a look at how successful the Transportation Security Administration has been since its creation 15 years ago. 

Lane Wallace

There was lots of hype beforehand about how last night’s presidential debate could be among the most-watched in history, and a money maker for the networks showing it.

Kim Adams

One of the many testy exchanges of the first 2016 presidential debate came on the topic of trade. Republican nominee Donald Trump accused his Democratic opponent, Hillary Clinton, of supporting the Trans-Pacific Partnership, the massive trade deal covering a dozen Pacific Rim countries.

Clinton has distanced herself from the deal throughout this campaign, and did so again last night.

Eilis O'Neill

Paul and Maureen Knapp are fourth-generation dairy farmers in upstate New York.  For years, they struggled to make ends meet.

Maureen Knapp recalls thinking, “We don’t know if we can pay the help or, you know, pay the machinery bill.”

David Brancaccio

Despite some modest progress in the last few years, women are still underrepresented in the workplace, according to a new joint study from the nonprofit Lean In and the consulting firm McKinsey & Co.


On today's show, we'll look back at last night's presidential debate, which included mentions of Hillary Clinton's email controversy and Trump's tax returns; where Clinton stands on trade deals; and a study that finds women lag behind men when it comes to getting promotions. 

In West, Feds control land — and lots of jobs

Sep 26, 2016
Mitchell Hartman

A federal trial is underway in Portland, Ore., of people  charged in connection with the armed occupation of the Malheur Wildlife Refuge in rural  Oregon. Ammon and Ryan Bundy—sons of anti-government Nevada rancher Cliven Bundy—are among those charged with conspiracy and firearms violations for the takeover of the remote federal refuge near Burns, in Harney County,  in early 2016.

Kai Ryssdal

Look, I'm never gonna be mistaken for anybody's musical taste-maker, but this isn't so bad, right?

Prostate cancer treatments in question

Sep 26, 2016
D Gorenstein

New findings show that after 10 years, the survival rate for low-risk prostate cancer is an identical 99 percent no matter what a patient does: surgery, radiation or nothing.

It’s pretty rare for research to show so starkly that doctors should do fewer procedures, and as a therefore decrease costs to the overall healthcare system. An interesting question is whether this research will convince patients like Marc Biagini and his doctors of this: less can be more.

About a month ago Biagini picked up the phone.

Debate 1: Clinton, Trump and "achieving prosperity"

Sep 26, 2016

Hillary Clinton and Donald Trump are head to head for this, their first presidential debate, on Monday, Sept 26, 2016. The Marketplace team weighs in throughout the night.

Lane Wallace

Rolling Stone Magazine is selling a 49 percent stake to BandLab, a music startup in Singapore.

That comes as print ad sales are down for the magazine, and it continues pushing its digital presence. The magazine, which built its reputation decades ago on its counterculture appeal and gonzo reporting style, has maintained some heavy-hitting reporting and a focus on the music industry even as it’s become significantly more mainstream.

Oculus Rift founder apologizes for funding pro-Trump group

Sep 26, 2016

On today's show, we'll talk about Rolling Stone's decision to sell 49 percent of its stake to a music startup based in Singapore; why the U.S. Department of Education will no longer recognize the largest accreditor of for-profit colleges; and an apology from Palmer Luckey, the CEO of Oculus Rift, for funding a group that supports Trump.

David Brancaccio

Of the 23 winners of the MacArthur 'genius' grants announced last Friday, one recipient was honored for financial innovation. Jose Quinoñez, founder and CEO of the San Francisco-based Mission Asset Fund, works with low-income people who often do not have bank accounts or much data in their credit files.

D Gorenstein

Hillary Clinton and Donald Trump square off in the first presidential debate Monday, and predictions are that over 100 million viewers will tune in. That would rank the event among the most-watched programs in TV history, and the broadcast and cable networks airing the debate hope to cash in.

The debate itself is ad-free, but broadcasters and cable networks will still cash in. Thirty-second spots before and after the debate are going for $200,000 to $250,000 on the national networks.

Kai Ryssdal

Don't listen to Molly Wood. This pumpkin spice thing is getting out of hand.

Trump's trade adviser on globalization and NAFTA

Sep 23, 2016
Kai Ryssdal

The presidential debates start next week, and voters have become more and more interested in each candidate’s plans for their potential terms in the White House.

One of republican nominee Donald Trump’s economic advisers is Daniel DiMicco, he is a retired chairman and CEO of Nucor Corporation and senior trade adviser for the Donald Trump Campaign. DiMicco spoke to Marketplace host Kai Ryssdal about Trump’s economic policies, NAFTA, and what he plans to do if he takes office. Here are some interview highlights:


Alton Brown takes the Marketplace Quiz

Sep 23, 2016
Raghu Manavalan

No matter who you are, you've probably had a rough day at the office that changed your perspective, or maybe you made an impulse purchase you really, really wish you could take back. This week, Alton Brown, author of "EveryDayCook" and self-described "poly-culinary hypenate," took our money-inspired personality questionnaire. 

Fill in the blank, money can't buy you happiness but it can buy you _______.

Facebook miscalculated video numbers for two years

Sep 23, 2016
Reema Khrais

In this advertisement from the Tex Mex restaurant Chuy's, the average view for the video was 100 percent. That means everyone who saw the ad supposedly watched it from start to end. 

"I don't think it's mathematically possible," said Kristen Sussman, founder and president of social media agency, Social Distillery. 

But after Facebook apologized Friday for miscalculating an important video metric for two years, the inflated numbers make more sense, Sussman said.

Donna Tam

Doctor morale continues to be low, which may limit patients' access to care, according to a study released this month.

The study was conducted by The Physicians Foundation, a not-for-profit interested in knowing how the Affordable Care Act affects doctors. The organization surveyed more than 17,000 physicians. The numbers seemed pretty dire for the profession:

JaeRan Kim

It’s wait and see for opponents and supporters of the Dakota Access Pipeline, a pipeline project designed to move hundreds of thousands of barrels of oil each day from North Dakota's oil fields to refineries in Illinois.

On today's show, we'll talk about why unprotected passwords may not have been included in the Yahoo hack; tomorrow's opening of the National Museum of African American History and Culture in D.C.; and the psychology of gas shortages.