Marketplace | KERA News

Marketplace

Weekdays at 6:30 p.m.
  • Hosted by Kai Ryssdal

Business, the economy, personal finance, Wall Street, and more.

Drug company's subsidies to patients under review

Oct 15, 2015
Annie Baxter

Federal investigators are sniffing around drugmaker Valeant Pharmaceuticals International, which is known for aggressively raising the prices of its drugs. One of the things investigators are asking about? The company's patient assistance programs.

A lot of big drug companies have these programs, which help uninsured or low-income people afford expensive prescriptions.

Oklahoma oil hub on quake alert

Oct 15, 2015
Scott Tong

The oil industry hub of Cushing, Oklahoma, is on high alert right now for another earthquake. 

The entire Sooner state is on track for more than 900 quakes this year, many presumed to be linked to oil and gas production.

But the city of Cushing is the key pipeline and tank crossroads for the oil industry, and it just experienced a 4.5 quake Saturday.

Netflix: The dog ate our credit cards

Oct 15, 2015
Tracey Samuelson

In a mixed-results third-quarter earnings announcement Wednesday, Netflix acknowledged that U.S. subscriber growth had not met expectations. The problem, the company said, was due in part to the credit card industry's transition from the old swipe cards to new chip ones, also called EMVs, which are supposed to be more secure. But as Netflix pointed out, they present a potential problem for companies heavily dependent on automated payments.

Square IPO: Is now the right time?

Oct 15, 2015
Marketplace

In what has turned out to a squishy year for IPOs, payment company Square is taking its own stab at raising some dough through its own stock offering. But the technique being turned to as an answer to building the company up, is actually leading to a whole host of new questions. Marketplace host Adriene Hill spoke with Marketplace tech correspondent Molly Wood to see whether the company's gamble has a good shot at paying off.

On why Square is planning an IPO now:

Tweets to determine certain stock values

Oct 15, 2015
Adrienne Hill

This final note on the way out today: This week's sign of the apocalypse.

You may have heard of ETFs — exchange traded funds. 

Bloomberg is reporting that there's an ETF in the works that'll trade on social media sentiment. 

Not social media stocks mind you, but companies that are being talked about on social media.

The fund will reportedly hold the 25 most-tweeted-about stocks and use an algorithm to decide whether to buy or short a specific company based on what people are tweeting.

How could that possibly go wrong?

One man's space trash ...

Oct 15, 2015
Kim Adams

There are tens of thousands of pieces of man-made debris, large and small, hurtling around the planet at astonishing speeds. The junk poses a risk to functioning satellites and the International Space Station. But, as they say, “one man’s trash is another man’s treasure."

Backyard property values

Oct 15, 2015
Mark Garrison

On today's show, we'll talk about the latest in inflation numbers; and how the backyard garden could contribute to your property value.

The many complications of Medicare

Oct 15, 2015
George Judson

Open enrollment for health insurance starts Thursday. So millions of people 65 and older are getting lots of ads in the mail for insurance that covers what Medicare doesn’t.

I got my first taste this year, as I approached 65. I was Medicare to-be. In just a few months, I received 40 mailings from insurers and brokers — plus Medicare’s own 152-page guide to Medicare.

 

Now, because of open enrollment, the mail’s coming again.

Here’s what I learned my first time around:

1) Medicare is not free.

Marketplace staff

Camera-maker GoPro said Wednesday that it will pay between $500 - $5,000 for photos and videos shot on its cameras and uploaded to its online portal. 

The company said it will spend $5 million a year on the new initiative.

The uploaded videos can be used by GoPro for licensing out to others or for inclusion in its digital channels. Not all the videos uploaded will qualify for payment. The company did not specify how content will be chosen for compensation, and a spokesperson did not return a call for comment. 

Shopping for a house? Check out the garden.

Oct 15, 2015
Gigi Douban

There's an emphasis these days on locally grown foods, organic foods, non-GMO foods and just knowing where it all comes from. And how much more local does it get than a person's backyard? For today's homebuyer, it's not just about walk-in closets and 10-foot ceilings and manicured lawns. Things like vegetable gardens and backyard beehives are seen more and more as a plus.

Marketplace Tech for Thursday, October 15, 2015

Oct 15, 2015
Marketplace

Airing on Thursday, October 15, 2015: On today's show, we'll talk about GoPro's attempt to grow into a content programmer; Apple’s patent fight with University of Wisconsin researchers; and Silicon Valley’s forgetful culture when it comes to learning from failure.

When it comes to Medicare, you better shop around

Oct 15, 2015
D Gorenstein

Starting Thursday, seniors have a little over seven weeks to enroll in new Medicare plans. Some of those plans cover physicians. Others, like Part D, cover prescription drugs. And then there’s Medicare Advantage, which covers everything.

A new report out this week shows many people will face higher out-of-pocket costs for prescriptions if they stick with what they’ve got. But it’s not easy getting people to shop for insurance.

Kim Adams

Every year since 1975, there has been a Cost of Living Adjustment for Social Security and other benefits. It's pegged to inflation, which has been pretty much flat recently, leading many economists to expect there won’t be any COLA this year. It would be the just the third time in four decades that’s happened, all within the last five years. About 70 million people on Social Security and other benefit programs will be affected.

When it's hip to be Square

Oct 14, 2015
Marketplace staff

13 percent

That's how much the average Part D prescription drug plan premium for 2016 is jumping, the biggest hike in six years. Starting Thursday, seniors have a little over seven weeks to enroll in new Medicare plans. A new report out this week shows many people will face higher out-of-pocket costs for prescriptions if they stick with what they’ve got. 

$275 million

GE sells off part of its financial division

Oct 14, 2015
Mitchell Hartman

General Electric has announced it is selling off another set of assets from its finance division. Wells Fargo will purchase $32 billion worth of commercial loans and leases from GE Capital.

Wal-Mart's stock plunges

Oct 14, 2015
Molly Wood

Read our recent coverage of Wal-Mart, and the company's plans to reinvent itself.

Wal-Mart had a pretty bad day Wednesday. Shares in the company saw their biggest drop in six years, after Walmart shocked analysts by predicting a drop in earnings of as much as 12 percent in 2017.

Andy Uhler

Water is on the minds of Californians. Deep into the state's four-year drought, water bottlers have become a target for conservation groups. In the latest battle, environmental groups are suing the U.S. Forest Service for letting Nestle pump millions of gallons of water out of a California national forest.

Water bottlers in California don't use much water, compared with other uses, but they also don't pay much for it. Nestle, it turns out, pays hardly anything for the water.

Strip mall to offer low-income investment opportunity

Oct 14, 2015
John Sepulvado

Dawn Luethe says she'd love to be an investor, but she doesn't have the money or the assets. A few years ago, the Portland, Oregon, resident threw out her back working on an ambulance. Since then, her house was foreclosed on, her credit’s gone downhill and she’s working at an apartment building in exchange for housing. Still, Luethe has seen a couple of investment advisers to try and plot a financial comeback.  

“You know, they say ‘Yeah, $5,000, $10,000 to invest,’” Luethe said. “I don’t have that kind of money.”

Molly Wood

It’s true, the top 1 percent now own half of the world’s wealth.

But what if you’re crazy enough to want to join them up there at the top?

Breast-feeding mothers face obstacles at work

Oct 14, 2015
Janet Nguyen

Many working environments fail to provide adequate resources for breast-feeding mothers to pump breast milk at their jobs, according to a new study from the University of Minnesota.

A push to improve access to dental care

Oct 14, 2015
D Gorenstein

A couple years ago, back pain forced Dave Couture to leave his job in an accounting office in Vermont.

“Pretty much the whole story is that when you lose your job, you lose your insurance, you lose your ability to take care of your teeth,” he said.  “Especially your teeth.”

Money was tight. It got to the point where Couture said the best he could do was rub some gel on his teeth to numb up the pain in his mouth.

“Gums were really red and sore. Hard to chew sometimes, especially with the broken teeth in the back and stuff. I was ready to have my teeth out,” he said. 

Molly Wood

Here's a little more on the end of the financial industry's salad days.

JP Morgan announced smaller third-quarter earnings this week, mainly because of lower commodity prices, lower mortgage income and more than $1 billion in legal expenses.

But it's also slimming down on purpose to avoid new federal regulations that would essentially punish it for being too big.

A potential strike could silence video voice artists

Oct 14, 2015
Adrienne Hill

Video game voicing has come a long way since the days when you couldn't tell a person from a computer.   

Today, said Timothy Seppala, who covers the video game business for Engadget, "voice actors are an incredibly big portion of the game."

Seppala points to games like "The Last of Us," which are cinematic and have well-developed characters.

Jarden Corp. goes back to high school

Oct 14, 2015
D Gorenstein

Jarden Corp., which owns diverse brands like Mr. Coffee, Yankee Candle and the outdoor gear product line Marmot, hopes to soon add high school yearbooks and class rings to its portfolio.

The company has announced it plans to buy the parent company of Jostens for $1.5 billion.

In the retail world, Forrester analyst Sucharita Mulpuru said, there are sexy buys and there are smart buys. Scooping up Jostens, she said, is smart.

Netflix goes to the movies

Oct 14, 2015
Mark Garrison

On today's show, we'll talk about hints at where the economy is going; Netflix hits the big screen; and why the 30-year fixed-rate mortgages are mostly found just in the U.S.

Marketplace

Airing on Wednesday, October 14, 2015: On today's show, we'll talk about how inflation in China; fuel costs have powered Delta's earnings; and software that helps people in Congress manage constituent relationships the same way companies manage customer relationships.

Marketplace Tech for Wednesday, October 14, 2015

Oct 14, 2015
Marketplace

Airing on Wednesday, October 14, 2015: On today's show, we'll talk about news of layoffs at Twitter; and Slack cofounder and CEO Stewart Butterfield joins us to talk about the company’s massive valuation and its rapid growth and change.

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