Marketplace

Weekdays at 6 p.m.
Kai Ryssdal

The award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us." The 30-minute program — with an irreverent reporting style all its own — airs weekday evenings on more than 320 public radio stations nationwide and boasts the largest audience for any business program in the United States on radio, cable or network television.

In conjunction with Marketplace Morning Report and Marketplace Money, this trio of financial programming covers listeners from wallet to Wall Street.

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Pages

Business
11:00 am
Fri May 22, 2015

Marketplace for Friday, May 22, 2015

The U.S. is facing an egg crisis. 
Marketplace
Business
11:00 am
Fri May 22, 2015

Why the CPI doesn't figure in the Fed's calculations

Shoppers walk along Lexington Avenue in New York City in April. Consumer prices rose 0.1 percent last month.
Tim Fitzsimons

The Consumer Price Index rose by 0.1 percent last month, according to figures out Friday. You could think of it as one more piece of evidence in the "no inflation" pile.

The CPI is used for a variety of things, particularly in adjusting rent and wages, as well as "in private contracts to escalate values of money ... by the government ... to adjust social security, and so forth," says Steve Reed, an economist at the Labor Department's Bureau of Labor Statistics who works on the CPI.

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Business
11:00 am
Fri May 22, 2015

Egg-tastrophe

The U.S. is looking to Europe to import eggs amid shortage.
Sally Herships

You may not know it, but we have an egg-tastrophe on our hands. Thanks to bird flu, an estimated 31 million chickens have been killed — that’s 10 percent of the country’s egg-producing poultry.

Randy Pesciotta, vice president of the egg department at Urner Barry, a commodity market news reporting service, says prices for wholesale eggs have almost doubled, and it's the wholesale market that's going to feel the pinch of higher prices first.

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Business
11:00 am
Fri May 22, 2015

States take back some economic incentives

Missouri suspended incentives for IBM after the company laid off workers in Columbia.
Gigi Douban

The state of Missouri recently suspended its incentives program for IBM after the company reported layoffs at a new center it had opened in Columbia. The state said IBM didn't make good on its promise to maintain at least 500 jobs there. Other states are also taking a hard look at economic incentives they granted to businesses to relocate or open new facilities.

Business
11:00 am
Fri May 22, 2015

Why do companies offer free stuff at the same cost?

An Albertsons store near Los Angeles.
Nancy Marshall-Genzer

One of the questions we received from listeners as part of our "I’ve Always Wondered" series is about why companies are willing to give you extra for free.

Eileen Lee wrote us to ask: "Why is it that, every once in a while, my favorite brand of shampoo, food or drink gives me an extra 20 percent free?  Why would a company do this?”

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Business
11:00 am
Fri May 22, 2015

Cannes Film Festival disappoints critics

Actress Charlize Theron smiles as she arrives for the screening of the film 'Mad Max : Fury Road' during the 68th Cannes Film Festival in Cannes on May 14, 2015. The film is one of the few that has garnered critical acclaim at the festival.
Kai Ryssdal

Grantland writer Wesley Morris is at the Cannes Film Festival and fills us in on what’s going on.

On the vibe at Cannes:

The vibe is, “What happened to the movies?” We saw "Mad Max" on the first day, and we’ve been trying to see "Mad Max" ever since. It is amazing. It is the best movie, and very little that we’ve seen since then has been as great, especially in the main competition.

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Business
11:00 am
Fri May 22, 2015

China dominates beer sales

Tsingtao beer is the second best-selling beer in the world. 
Kai Ryssdal

Quick: what's best selling beer in the world?

I'm just going to go ahead and assume you didn't guess Snow.

Bloomberg ranked the top 10 selling beers in the world by market share, and apparently Snow is all the rage in China these days — up just shy of 600 percent in the past decade. Number two, Tsingtao, is also based in China.

Both can be tricky to find here in the states, so you'll have to settle for number three or four, Bud Light and Budweiser.

Business
11:00 am
Fri May 22, 2015

Weekly Wrap: Inflation, the Federal Reserve and minimum wage

Federal Reserve Chair Janet Yellen.
Kai Ryssdal

Joining Kai to talk about the week's business and economic news are Leigh Gallagher from Fortune and the Wall Street Journal's Sudeep Reddy. The big topics this week: the Consumer Price Index and inflation, Federal Reserve Chair Janet Yellen's speech in Rhode Island and Los Angeles increasing its minimum wage to $15.

Business
11:00 am
Fri May 22, 2015

A fashionable workout

Models walk the runway at the Adidas Originals x Kanye West YEEZY SEASON 1 fashion show during New York Fashion Week Fall 2015 in New York City.
Julian Burrell

In a fashion world trend known as “athleisure,” clothes that can work at the gym...can also make a fashion statement.

“Leggings and tank tops and sneakers are sort of taking over the style masses,” says Wall Street Journal reporter Elizabeth Holmes. “But you don’t actually have to work out in them. For a lot of people this is just sort of their everyday casual look.”

Popular brands such as Lululemon started making yoga pants outside-of-yoga-class stylish, and high-fashion brands put sneakers and sweatshirts on the runway.

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Business
10:08 am
Fri May 22, 2015

How elite students get elite jobs

A Harvard professor whistles while graduating Ph.D. students celebrate.
Jenny Ament

When we think about the debate over inequality in this country, a central piece of American mythology comes to mind: anyone who works hard, regardless of social status, can get ahead.

But it's not that simple, and people from exclusive or affluent backgrounds often land the most prestigious jobs.

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Pages

Podcasts

  • Friday, May 22, 2015 4:00pm
    Airing on Friday, May 22, 2015: The nation’s poultry industry is facing an unprecedented avian flu epidemic.  Millions of birds have been slaughtered to try and contain the disease, which is causing an egg shortage. Next: consumer prices, as measured by the Labor Department, ticked up 0.1 percent last month — a bit more if you discount big swings in food and energy costs. We look at why some things get removed from the “core” rate and why the Federal Reserve, for example, uses a different measure when trying to assess inflation.  
  • Thursday, May 21, 2015 4:00pm
    Airing on Thursday, May 21, 2015: This week’s oil spill off Santa Barbara’s coast may be small, but this is where the modern environmental movement in the U.S. had an awakening. A large oil spill in the region back in 1969 helped spur the creation of groups like the Natural Resources Defense Council. Next: CVS is seeking to buy pharmacy services provider Omnicare for about $13 billion, including debt. We look at the thinking behind the bid.    
  • Wednesday, May 20, 2015 4:00pm
    Airing on Wednesday, May 20, 2015: Five of the world's largest banks, including Citigroup and J.P. Morgan Chase, have been fined $5.7 billion for manipulating foreign exchange rates. The institutions rigged the benchmark London interbank offered rate, or LIBOR. We look at why LIBOR is important and matters to all of us. Next: One country’s currency manipulation is another’s monetary policy. Adding currency controls to the Trans Pacific Partnership is mired in controversy. We explain why by looking at the arguments for and against the partnership, and why this puts the U.S. in a tricky spot. 
  • Tuesday, May 19, 2015 4:00pm
    Airing on Tuesday, May 19, 2015: The San Francisco Federal Reserve suggests an improved way to crunch official growth statistics. The director of research at the San Francisco Fed says that there should be a second, final seasonal adjustment to GDP data—on top of the seasonal adjustments the Bureau of Economic Analysis (BEA) currently makes. Next: a new report shows that ethics continue to be an issue on Wall Street. Nearly one-third of those making more than $500,000 said they “have witnessed or have firsthand knowledge of wrongdoing in the workplace.” Why do the incentives of finance lure people to do wrong? And why is that so hard to change? We explore.     
  • Monday, May 18, 2015 4:00pm
    Airing on Monday, May 18, 2015: Target is demoting packaged foods, promoting them less as it emphasizes produce and organic foods in its grocery departments. We take a look at how this could affect big food companies and what Target customers might expect to see on shelves. Next: The White House is providing grants to local police departments in exchange for adopting guidelines from President Obama's Task Force on 21st Century Policing, including wearing body cameras. We explore whether these departments will accept the grant offers.