Marketplace

M-F 6:30 p.m.
  • Hosted by Kai Ryssdal

In-depth focus 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 for Friday, May 22, 2015

May 22, 2015

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

May 22, 2015
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.

Egg-tastrophe

May 22, 2015
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.

States take back some economic incentives

May 22, 2015
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.

Why do companies offer free stuff at the same cost?

May 22, 2015
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?”

Cannes Film Festival disappoints critics

May 22, 2015
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.

China dominates beer sales

May 22, 2015
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.

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.

A fashionable workout

May 22, 2015
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.

How elite students get elite jobs

May 22, 2015
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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