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Financial 411

WNYC

WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 each weekday. This financial wrap delivers highlights of the day's business news delivered by WNYC's reporters with context, clarity and a New York perspective.

WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 each weekday. This financial wrap delivers highlights of the day's business news delivered by WNYC's reporters with context, clarity and a New York perspective.
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Location:

New York, NY

Networks:

WNYC

Description:

WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 each weekday. This financial wrap delivers highlights of the day's business news delivered by WNYC's reporters with context, clarity and a New York perspective.

Twitter:

@wnyc

Language:

English

Contact:

WNYC Radio 160 Varick St. New York, NY 10013 212-433-9692


Episodes

Financial 411: Weekly Business Roundup

7/22/2011
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Markets Stocks were mixed Friday. The Dow declined 43 points, ending the week at 12,681. But positive reports from chipmakers pushed the Nasdaq 24 points higher, to 2,859. The S&P 500 gained a single point, settling at 1,345. Reviewing This Week's Business Headlines The big banks released their second quarter earnings reports this week. It was bad news at Bank of America, which had its biggest quarterly loss ever - $9 billion - connected with a lawsuit the bank settled. Goldman Sachs...

Duration:00:05:22

Financial 411: Gauging Reaction to the News Corp. Scandal in New York

7/21/2011
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Latest Unemployment Numbers New York State and New York City both saw their June unemployment rates tick up to 8 percent and 8.7 percent, respectively. In the city, the securities industry shed 2,000 jobs last month. Local government took an even bigger hit, losing 2,700 jobs. Restaurants and private schools have added the greatest number of positions since the city hit economic bottom in September 2009. Markets Although there's still no deal on raising the U.S. debt limit, across the...

Duration:00:05:16

Financial 411: The Hudson Yards Project

7/20/2011
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Debt Talks Continue on Capitol Hill President Barack Obama said he's now open to a short-term deal to raise the nation's debt ceiling if it will allow time for a broader plan to be put in place. There are 13 days left before the August 2 deadline, when the U.S. risks defaulting on its financial obligations. A new bipartisan budget plan emerging from the Senate would slash the deficit by almost $4 trillion over a decade, through a mix of spending cuts and new tax...

Duration:00:05:28

Financial 411: Drawing Tech Companies to NYC

7/19/2011
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City officials want to attract a major research institution to open a new science and engineering campus in New York City. As an incentive, the city is offering publicly owned land and as much as $100 million in funding. It was the highlight of an event on the future of New York City, hosted by Crains New York Business. City officials have really been pushing technology. But there are also challenges to starting a company in New York — like the cost. New York Works: Brooklyn Arborist...

Duration:00:05:37

Financial 411: Weekly Business Roundup

7/15/2011
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News Corporation's phone-hacking scandal continues to grow. Dow Jones CEO Les Hinton has announced he's resigning. He was chairman of News International, overseeing the British newspapers that are at the heart of the scandal. Reporters from those papers are accused of hacking into people's voice mails to get information. "News Corp. is an enormous force here in New York," said Greg David, director of the Business and Economics Reporting Program at the CUNY Graduate School of...

Duration:00:05:19

Financial 411: Has London's Phone-Hacking Scandal Jumped Across the Pond?

7/14/2011
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The scandal may have just jumped the pond. The FBI has opened an investigation into allegations that Rupert Murdoch's News Corp. tried to hack the phones of September 11, 2001, victims. The company told WNYC it has no comment. This latest development comes after Murdoch and son James said they will appear before a British parliamentary committee next week to discuss the allegations that one of the company's British tabloids illegally hacked into people's voice mails to get...

Duration:00:05:24

Financial 411: Managing Your Manager

7/13/2011
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Markets After three days of losses, markets returned to positive territory on Wednesday, spurred on by Federal Reserve Chairman Ben Bernanke's comment that the Fed is prepared to do more to stimulate the economy if it falters. News Corporation added 58 cents after the beleaguered media giant announced it will abandon a bid for full control of a British satellite broadcaster. The Dow gained 45 points, closing at 12,492. The Nasdaq rose 15 points, ending at 2,797. And the S&P 500 gained...

Duration:00:05:23

Financial 411: Reviewing the Business Headlines

7/12/2011
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Markets fell on Tuesday after the rating agency Moody’s cut Ireland’s credit rating to junk status. The Dow dropped 59 points, closing at 12,447. The S&P 500 was down six points, closing at 1,314. The Nasdaq fell 21 points, closing at 2,782. Taking a Look at Crains New York Business Headlines The mayoral race is still far off, in 2013, but a new Democratic candidate has jumped into the mayoral race. Tom Allon is the publisher of Manhattan Media, and views himself as a business...

Duration:00:05:22

Financial 411: Reviewing the Business Headlines

7/12/2011
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Markets fell on Tuesday after the rating agency Moody’s cut Ireland’s credit rating to junk status. The Dow dropped 59 points, closing at 12,447. The SP 500 was down six points, closing at 1,314. The Nasdaq fell 21 points, closing at 2,782. Taking a Look at Crains New York Business HeadlinesThe mayoral race is still far off, in 2013, but a new Democratic candidate has jumped into the mayoral race. Tom Allon is the publisher of Manhattan Media, and views himself as a business candidate....

Duration:00:05:22

Financial 411: The Business Week Ahead

7/11/2011
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It was a rocky start to trading this week, as fears about Europe's debt crisis seized investors. The Dow fell 151 points, to close at 12,506 on Monday. The S&P 500 dropped 24 points, to end at 1,319. And the Nasdaq dropped 57 points, to close at 2,803. It's not just European debt that's worrisome. There's also an ongoing debate in Washington, D.C., over raising the U.S. debt ceiling. Negotiations broke down this weekend, and President Barack Obama spoke about the issue again on Monday,...

Duration:00:05:51

Financial 411: Making the Time to Think

7/6/2011
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As part of our weekly look at issues in the workplace, we talk with management consultant Peter Bregman, who says that in our driven, fast-paced, productivity-focused lives we are losing our ability to take time out of our day to slow down and just think. Bregman said slowing down for a short time throughout the day makes us more productive, and is exactly what we need in an age driven by technology. "I never liked to slow down, but when I slowed down for a little bit, my mind started...

Duration:00:05:15

Financial 411: Making the Time to Think

7/6/2011
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As part of our weekly look at issues in the workplace, we talk with management consultant Peter Bregman, who says that in our driven, fast-paced, productivity-focused lives we are losing our ability to take time out of our day to slow down and just think. Bregman said slowing down for a short time throughout the day makes us more productive, and is exactly what we need in an age driven by technology."I never liked to slow down, but when I slowed down for a little bit, my mind started...

Duration:00:05:15

Financial 411: The Business Week Ahead

7/5/2011
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Markets Wall Street was flat on Tuesday, after resuming trading following Monday's holiday and last week's strong finish. The Dow Jones dropped 13 points, to 12,570. The S&P 500 dipped two points, closing at 1,338. The NASDAQ bucked the trend, gaining 10 points, to end the day at 2,826. The Week Ahead On Friday, the government will release the June employment report. Last month's report brought disappointing numbers, with only 54,000 new jobs created. Focus is also back on the economy...

Duration:00:05:17

Financial 411: Weekly Business Roundup

7/1/2011
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The ghost of mortgage-backed securities reappeared this week. Bank of America agreed to pay $8.5 billion to settle claims with several major institutional investors who said they had been misled about the poor quality of mortgage-backed securities. These were bonds purchased from Countrywide Financial, which was later absorbed by Bank of America. In other banking headlines, Goldman Sachs announced it will let go of 230 employees in New York City. We've had reports that other banks are...

Duration:00:05:22

Financial 411: Weekly Business Roundup

7/1/2011
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The ghost of mortgage-backed securities reappeared this week. Bank of America agreed to pay $8.5 billion to settle claims with several major institutional investors who said they had been misled about the poor quality of mortgage-backed securities. These were bonds purchased from Countrywide Financial, which was later absorbed by Bank of America. In other banking headlines, Goldman Sachs announced it will let go of 230 employees in New York City. We've had reports that other banks are...

Duration:00:05:22

Financial 411: All About Bitcoin

6/30/2011
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Tuesday marks the last day of the Federal Reserve's QE2 or quantitative easing, a program to strengthen the U.S. economy through the purchase of $600 billion in bonds. As it comes to a close, QE2 is getting mixed reviews. The economy is growing, but at a lackluster pace. Stock are up, but the dollar is down. That's part of the reason for the increasing interest in one currency that has recently skyrocketed in value. It's called bitcoin, and it's become the new "gold." It's a digital...

Duration:00:05:17

Financial 411: Pressure on Local Government

6/29/2011
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The big worry last summer was the possibility of states across the country defaulting on their debts. Now it appears most states have turned the corner, and are seeing an uptick in their collections of sales and income taxes. This summer, the pressure is on local governments, like New York City's, which are struggling with cuts in state aid. Josh Zeitz, a research analyst at the brokerage firm MF Global, said there are several reasons why local governments will feel more pain than state...

Duration:00:05:17

Financial 411: Is it Better to Rent, or Buy?

6/28/2011
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IMF Appoints New Chief French Finance Minister Christine Lagarde has been chosen to lead the International Monetary Fund after receiving the support of the Obama administration. She will become the first female leader of the organization and steps in after the former chief, Dominique Strauss-Kahn, stepped down after being charged with sexually assaulting a hotel housekeeper in New York City. Lagarde will face immediate challenges in her new job such as helping prevent Greece from...

Duration:00:05:25

Financial 411: The Week Ahead in Business

6/27/2011
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Markets A bit of hope returned to Wall Street on Monday, after signs that that the debt crisis in Europe could be avoided. That sent stocks up a percentage point. The Dow Jones gained 109 points, to close at 12,044. The S&P 500 gained 12 points, ending at 1,280. And the NASDAQ added 35 points, to finish at 2,688. The Week Ahead in Business Debt seems to be the word this week, both here in the U.S. and overseas in Europe. President Barack Obama got directly involved in negotiations over...

Duration:00:05:18

Financial 411: Weekly Business Roundup

6/24/2011
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Stocks ended another week lower than where they started. Markets fell Friday, after poor earnings from technology companies suggested that big business is investing less, as the economic recovery has slowed. Europe's debt woes continued to weigh on markets as well. Moody's warned that it might downgrade the credit rating of some Italian banks. The Dow dropped 115 points, or one percent, to 11,935. The S&P 500 lost 15 points, or 1.2 percent, to 1,268. The Nasdaq fell 34 points, to 2,653....

Duration:00:05:31