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Marketplace Morning Report

A different kind of Wall Street is blooming

Marketplace Morning Report

Marketplace

Business, News

4.5928 Ratings

🗓️ 12 November 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

At Marketplace, it’s our job to explain how marketplaces work. This week, we’re turning from traditional stock and financial markets to the in-person kind. For the next installment of our new “Tricks of the Trade” series, we visit The Original Los Angeles Flower Market to learn from experts about the do’s and dont’s in the floral business. Plus, we hear about a consequential climate case from The Netherlands.

Transcript

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0:00.0

A world where Wall Street is always blooming. I'm David Brancaccio. First Royal Dutch Shell of

0:08.2

oil and gas fame has won its appeal of a landmark ruling in Europe that had ordered it to

0:13.6

sharply produce greenhouse gas emissions. A court has thrown out all the claims by Friends of

0:18.5

the Earth and others. The BBC's Anna Holigan reports from the Court of Appeal in the Netherlands.

0:23.9

The appeals court judge said the court could not establish that Shell had a social standard

0:29.0

of care to reduce its emissions by 45% or any other amount.

0:33.4

However, it agreed the company had an obligation to citizens to limit emissions

0:37.9

and that global organisations like Shell must contribute combating climate change

0:42.3

based on the human right to protection against dangerous climate change.

0:47.0

The court did say that Shell was already working to reduce its CO2 emissions

0:51.7

and that the court could not impose a definitive percentage

0:55.3

as there was no current accepted agreement in climate science on the required amount.

1:01.0

Friends of the Earth said the verdict hurts.

1:03.7

And the CEO of ExxonMobil has called on President-elect Trump

1:07.7

to keep the U.S. in the U.N.'s Paris climate agreement.

1:11.6

The Wall Street Journal quotes Exxon's Darren Woods, saying Trump's promise to pull out is a bad idea.

1:55.3

Music Thank you. 88% of the work week is spent communicating, so it's important to make sure your team does it well.

2:19.7

Enter Grammarly. Grammarly's AI helps teams communicate clearly the first time. It shows you how to make words resonate with your audience, helps with brainstorming, and lets you instantly create and revise drafts in just one click. Join the 70,000 teams and 30 million people who use Gramerly to move work forward. Go to Gramerly.com slash enterprise to learn more. Grammarly, Enterprise Ready,

2:25.8

AI. Given our brand here, part of the mission is learning how marketplaces work in all their forms. I set out to visit five markets, all in the near orbit of this program's world

2:30.3

headquarters in Los Angeles. None are financial markets in the usual sense, but all markets

2:35.3

are financial. All week, I'm turning to the pros to learn the right and the wrong market moves.

2:40.8

Tricks of the trade. Today, to the lush fragrance of the Los Angeles flower market.

...

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