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Marketplace Morning Report for Friday, August 24, 2012

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Episode Description 
Lance Armstrong loses his medals, but will the "Lance" brand survive? NASA is trying to get a better idea of the weather forecast for outer space. Usually August means panic on the stock market, but this year we've seen the S&P 500 hit a four-year high and Apple stock rocket to over $670 a share. Have we bucked the trend? And an analyst has a model that predicts an Obama victory in November.

Will sponsors stand by Lance Armstrong?

The legendary cyclist has been stripped of his Tour de France titles, though he has not admitted to using performance-enhancing drugs. The developments could have serious implications for his personal brand.
Posted In: lance armstrong, drugs

PODCAST: Lance Armstrong loses his medals, South Korean court rules in Apple vs Samsung

Will the "Lance" brand survive? Usually August means panic on the stock market, but this year we've seen the S&P 500 hit a four-year high and Apple stock rocket to over $670 a share. Have we bucked the trend? And an analyst has a model that predicts an Obama victory in November.
Posted In: lance armstrong, apple, Wall Street

South Korean court gives split decision in Apple vs Samsung

Here in California, a jury enters a third day of deliberations in the smartphone and tablet copyright battle between Apple and Samsung. But today in South Korea, a court facing the some of the same questions issued its ruling.
Posted In: samsung, apple, patent wars

Judge says TVA is liable for Knoxville spill

A federal judge said the Tennessee Valley Authority is liable for the big sludge spill at its power plant near Knoxville a few years back. Millions of tons of coal ash spilled out of a man-made lake and blanketed nearby rivers and land.
Posted In: spill, Environment, real estate

Lance Armstrong quits fighting anti-doping charges

The famed bicyclist says he's innocent, but that he can no longer fight allegations that he cheated by using performance-enhancing drugs. How will his latest move affect his brand?
Posted In: lance armstrong, branding, Sports

'Keys' forecasting model predicts an Obama victory

Based on his "Keys" forecasting system, Allan Lichtman says only measuring the incumbent matters in predicting election outcomes.
Posted In: Barack Obama, 2012 election

Quiet Wall Street summer coming to an end

After several years of summer drama on Wall Street, the first August in a while without a worrisome a bailout or some other economic calamity is drawing to a close. But vacationing traders should prepare for a wild September.
Posted In: Wall Street

Durable goods orders are a sign of what's to come

Durable goods encompass a broad swath of the economy and tend to be items consumers forgo in tough times.
Posted In: durable goods
Venus, seen as a small black dot, passes across the sun in this 2012 view from a weather observatory in Manila, Philippines.

NASA probes to study weather in outer space

Forecasting bad weather events in space can save big money down here on earth.
Posted In: NASA, weather

Music from this show

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Sing
Four Tet
St Etienne / Only Love Can Break Your Heart
Four n Twenty
Cookin' on 3 Burners