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Marketplace All-in-One

International pop stars are finally recognizing the world’s most populous country

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 1 May 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Hampered by insufficient infrastructure, famous musicians would often leave India out of their world tours. But the country’s massive, young population makes it a potentially lucrative market, and more musicians are opting to stop and perform there. Thanks to increased investment, it seems India’s live music industry is primed to take off. Also on the program: betting on skee ball and a look at fresh payroll data.

Transcript

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0:00.0

Mega Performers finally noticed the most populous country on earth.

0:06.0

I'm David Brancatia. First, today we have a preview of the government's report on hiring for April that is due on Friday, the number of people on

0:14.4

of people on private payrolls and the month just ended went up by another

0:17.8

192,000 that is lower than March but it's moderately higher than forecast.

0:23.4

This data from the payroll company ADP comes on this final day of the Federal Reserve

0:28.5

meeting on interest rates.

0:30.0

No one is expecting the Fed will lower rates later today, given that inflation continues to linger in the economy.

0:35.6

Clearly is still humming along, but does this fresh payroll data change anything?

0:41.0

Susan Schmidt is head of public equity at the State of Wisconsin Investment Board.

0:45.0

I don't think it's going to change minds among the members of the Fed.

0:49.0

However, I do think it's going to reinforce to investors that the Fed doesn't have a real reason

0:54.3

to lower interest rates anytime soon.

0:57.8

Investors are getting increasingly nervous about that and that interest rates are going

1:01.0

to stay higher for longer. So that's what's going to impact the market.

1:05.3

All right. Now how's your ski ball game? You know toss the balls up the ramp and jump them into the right

1:10.5

holes? The Arcade and Restaurant Chain Dave and Busters, is trying to make

1:15.0

it interesting, as they say, to let adults place bets using real money on the outcomes

1:20.0

of their arcade games using the company's app.

1:22.6

Marketplace's Stephanie Hughes has more.

1:25.1

Say you're playing a friendly game at the arcade.

1:27.4

You know you could beat your buddy,

1:28.8

and you'd like to come away with something other than bragging rights.

...

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