The Marketplace Morning Report with Kai Ryssdal and Tess Vigeland is a series of seven 9-minute business news modules airing weekdays. This timely report delivers a global business newscast and a hard-hitting feature report. Visit the archive to browse previous stories.
Note: Each of the broadcasts contains some of the newscast items below and one of the features. Since only a few radio markets get all seven broadcasts, we've made them available below.
From New York: Fed up at how delays at O'Hare Airport slow aviation nationally, the Transportation Secretary Norman Minetta scolded executives from United, American, Delta, and a dozen other carriers.
From New York: The FCC has given TiVo approval for a technology that would let users send out copies of recorded shows over the Internet to a select few family and friends. Everyone doesn't like the idea.
From Washington: Starting with "Uncle Sam Wants You," the U.S. Army's had lots of catchy ad campaigns. Today, proposals for the army's next round of advertising are due.
From Boston: Pharmacy Benefit Manager Express Scripts faces up to $100 million in damages in a suit filed by New York Attorney General Eliot Spitzer.
From Los Angeles: The Superfund is approaching a financial crunch that may halt the clean up of some hazardous waste sites around the country.
From Los Angeles: The National Institutes of Health decided not to intervene with a drug company's decision to quadruple the price of a popular HIV drug in the American market. The decision comes at a time when many U.S. Citizens are frustrated at the high costs of pharmaceuticals in this country.
From Tokyo: You can't call Japan Tobacco a quitter. Faced with fewer smokers, the world's third largest cigarette maker is trying to save money in an unconventional way -- asking tobacco growers to stop farming.
From London: The Disney Corporation is launching a TV channel on the other side of the pond. The company will screen a version of its ABC network in Britain, starting next month.
From Los Angeles: Still haven't decided where to spend a summer vacation? Maybe you can choose a state where the sales tax goes on vacation as well.
Features
The growing pension pinch
United Airlines continues to warn that it won't be able to meet its pension obligations. That has folks in other pension-paying companies concerned that they may be next. And it has many taxpayers worried they'll be left to bail everyone out. Host Tess Vigeland sizes up the situation with Marketplace's money expert Chris Farrell.
African-American investing habits
The National Urban League says, on average, African-Americans invest less of their money than the population as a whole. George Thompson wants to change that. He's a financial advisor and ordained minister in Los Angeles who gives free seminars in African-American communities across the country. He joins host Matthew Algeo to talk about the disparity.
Electronic trading and the Big Board
This week the New York Stock Exchange unveiled plans to dramatically alter the way it does business. The Big Board is known for its human-based auction system. Now, customers will be able to bypass the human beings and trade large chunks of stock electronically. The system is designed to compete with electronic markets like Nasdaq and Instinet, which are snapping up a larger share of the Exchange's business. But as Marketplace's Amy Scott reports, a centuries-old culture may be at stake.
Thursday, August 5, 2004
