Marketplace on WVTF, RADIO IQ & RADIO IQ w/BBC News

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Marketplace with host Kai Ryssdal produced and distributed by American Public Media focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets.

The only national daily business news program originating from the West Coast, Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance. 

Marketplace, weekdays at 6:00 pm on WVTF and 6:30 pm on our RADIO IQ and RADIO IQ With BBC News networks.

Be sure to check out the  Marketplace Morning Report weekdays at 9:51 on RADIO IQ and RADIO IQ With BBC News.

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Program Headlines

  • Tuesday, July 29, 2014 10:17am
  • Tuesday, July 29, 2014 6:00am

    Veterans often face unique challenges getting conventional employment when returning from military service; challenges which can be compounded when trying to found or staff their own business.

    The Bunker, an incubator in Chicago opening later this year, looks to close that gap. Joseph Kosper is the CEO of RideScout, a company that has been selected to join.

    “The first thing they have to do is learn the language,” he said. In fact, one of the chief benefits of an incubator that is veteran-focused is that it teaches participants the language of the business world, which becomes important when pitching the venture to others.

    Additionally, he advised veterans reach out to former colleagues in the military who can vouch for their character. 

    Click the media player above to hear Joseph Kosper in conversation with Marketplace Tech guest host Noel King

  • Tuesday, July 29, 2014 6:00am

    Tech companies are growing up. And, like a lot of teenagers, they want more control over how they’re treated. Now, those companies are taking steps to make sure they’re heard.

    Last month, drivers for ride-sharing companies Uber and Lyft flooded the California Capitol building. They were there to protest a bill that would toughen regulations on their industry. Senator Alex Padilla noted the discussion was one that wouldn’t have happened a few years ago.

    “The wonderful challenge that we have on complex issues like this is, in large part, driven by technology and innovation and things that 50 years ago people wouldn’t have imagined, forcing important public policy questions,” Padilla said.

    Now tech companies want to influence how these questions are answered.

    Robert Callahan is the Executive Director of the California branch of the Internet Association. That’s a relatively new lobbying group that represents many large tech companies such as Google, Amazon, Facebook, eBay, Twitter, Yahoo, Yelp, Uber and Lyft.   

    The Association also lobbies on issues at the federal level. Callahan said there’s plenty to work on, like net neutrality and patent reform.

    “But also just issues that you would never have thought about,” he said. “Like, what are the decedent rights to a social media account after the account holder passes away?”

    But as tech companies start to pay expensive lobbyists, some are asking what that will ultimately cost their customers.

    Timothy Karr is with Free Press, a group that works for what it calls a “free and open Internet.”  

    “You know, in general, I don’t think corporate lobbyists are serving the interest of consumers,” Karr said.

    He’s especially concerned with how media use is being regulated.

    “People are listening to music, they are sharing video files. And because it’s become much more prominent in the way people use, share, and consume media, it also has a much higher profile in policy discussions,” he said.

    And the growing clout of tech companies means they’ll likely have a larger role in future legislative discussions.

  • Tuesday, July 29, 2014 6:00am

    America is in a slow transition to cleaner energy, which means carbon-spewing coal power plants are high on the hit list. But we still mine lots of coal in America. Energy reporter Dina Cappiello has been looking into what happens to all that coal we're not burning here.

    Click the media player above to hear reporter Dina Cappiello in conversation with Marketplace Morning Report guest host Mark Garrison.

  • Tuesday, July 29, 2014 6:00am

    The 20-plus companies that are looking to go public this week hope to collectively raise about $6.7 billion dollars, with about half of it for General Electric’s consumer lending firm Synchrony Financial.

    "That's going to be a $3 billion IPO, the biggest we've seen since the May, 2012 IPO of Facebook," says Kathleen Smith, a principal with the IPO fund manager Renaissance Capital.  She labels Mobileye another one of this week’s "shiny objects." The company makes the technology that tells you when your car might hit the one in front of you. "It has about a 50 percent share of that market, very high growth and very profitable, so all investors are looking at that." 

    Smith cautions that this week’s batch of potential IPOs is a big one for the market to digest.  

    It’s also the right kind of market, says John E. Fitzgibbon, Jr. of IPOScoop.com.  

    "You’ve got to have the bull running down the street and you’ve got to have the wind at its back," he says.  

    Fitzgibbon thinks this year might even be the biggest one for IPOs since the dot-com bubble, but he points out that a lot of the offerings are fetching discounted prices. This week's IPO frenzy is an "End of Summer sale" that he predicts is just getting started.

    "It’s like Macy’s department store; if it doesn’t sell, mark it down and drop it to the basement."  


    Who are all these companies, anyway? We rounded up the most notable IPOs from this record-breaking week and grouped the companies up according to their business.

    Consumer finance
    Synchrony Financial's IPO is not only the biggest offering of the week by far, but at about $3 billion it's poised to raise more than any IPO this year. Synchrony is GE's consumer finance arm, facilitating store-brand credit cards and financing programs for big-name retailers like Amazon and Wal-Mart.

    Medicine
    Of the this week's huge group of IPOs, more than half are for biotechnology and pharmaceutical firms. The biggest player is Catalent, a multi-armed drug development and delivery company that's expected to offer 42.5 million shares at $19-$22 a share, according to Renaissance Capital. Catalent's nearly $1 billion deal dwarfs about a dozen other companies focused on everything from gene therapy to medical imaging to epilepsy treatment.

    Technology
    Mobileye is certainly a "shiny object" this week as it looks to raise half a billion dollars. The Israeli firm is the leading supplier of sensors that detect a potential collision. Investors are keeping a special eye on the company amid rumors of a potential partnership with Tesla to build self-driving cars.

    Mobile gaming
    It's no secret mobile gaming is big business, and developer IDreamSky has become a leader by adapting existing titles like "Fruit Ninja" and "Temple Run" for Chinese markets. That model has earned IDreamSky 100 million active users and $65 million in the year ending last March. They are looking to raise a little more than $100 million this week.

    Energy
    There are a handful of energy companies up for offering next week, but the largest is another big spin-off. Transocean Partners, LLC is a small portion of oil rig giant Transocean, which hopes to sell $350 million in shares. Spinning off Transocean Partner's three rigs in the Gulf of Mexico will reportedly offer Transocean more financial flexibility, but the Wall Street Journal notes this practice can be a tax dodge. 


    Graphic by Shea Huffman/Marketplace

Playlist

March 25, 2013

6:26 PM
Almost a Year Since
Artist : Oddisee
Album : Odd Season
Composer :
Label : Mello Music Group