“Marketplace Morning Report,” hosted by David Brancaccio, is the business news you need to know to start your day. “Marketplace Morning Report” gets you up to speed on what you missed when you were sleeping, kicking off each weekday with a global business update from the BBC World Service in London.
01-29-2015- Marketplace Morning - Rebuilding Detroit
Airing on Thursday, Jan. 29, 2015: First up, there's news this morning the Anglo Dutch company known as Shell managed to increase its profit even with gas prices collapsing. But Royal Dutch Shell stock is down in London because that profit was less than predicted. Some analysts blame this in part on the sharp downturn in Shell's shale oil business in the US. More on that. Plus, without official explanation from the company, McDonalds CEO is abruptly retiring at the age of 51. McDonalds' sales have been drooping in the U.S. for two years, with younger people going elsewhere for quick food. Some say its time McDonalds embraces both new technology and something as old as how we break our fast. And now that Detroit is out of bankruptcy and shed a crippling load of debt, you may have heard the positive buzz about creative types moving back, like the great Michigan city is now on a kind of Brooklyn, New York trajectory. The hope now is to bring in more jobs, investments and to rebuild neighborhoods.