Marketplace Morning Report for Friday, July 29, 2011

Episode Description 
Marketplace Morning Report for Friday, July 29, 2011

Slow growth history lesson

The nation's Gross Domestic Product stalled in the second quarter. And the recession was even worse than we thought. But don't even try to compare it to the Great Depression.

Fannie may weather a downgrade better than others

Surprisingly, mortgage bonds aren't threatened by debt ceiling worries.
Posted In: Housing

Economic growth stalls, with few hopeful signs

U.S. growth figures out today reinforce the sluggish pace of the U.S. recovery, but it's not all bad according to economic Chris Low of FTN Financial. Weekly jobless claims, which can be used to measure layoffs, have improved since July.
Posted In: Investing

Stalled U.S. growth numbers have sobering effect

Personal finance expert Jill Schlesinger helps make sense of today's depressing GDP figures.

Europeans say new U.S. auto standards are unfair

The Obama administration will unveil new fuel economy standards to cut auto emissions, but European carmakers say the new rules will favor Detroit.
Posted In: Auto

China slams U.S. politics, but can't remove itself from the American economy

China owns nearly $1.2 trillion of U.S. debt. And with worries over a default or credit downgrade, why doesn't China stop investing in the U.S. economy?
Posted In: China

A debt crisis...in Egypt?

Almost six months after the revolution overthrew the regime of Hosni Mubarak, the new Egyptian government has been selling debt to help pay the bills.

Congress' debt delay may be counterproductive, but it's not procrastination

Congress postponed a key vote on a Republican debt reduction plan, and pushed the decision back even closer to the deadline. But to those who study human behavior, it's not exactly procrastination.

After delayed debt vote, economists say we're in debt 'Twilight Zone'

Last night, a vote on Republican Speaker John Boehner's debt reduction plan was postponed. And some former Treasury Department officials say the debt ceiling is pointless.

Effects of debt ceiling debate could ripple through states

Maryland, for one, faces credit rating downgrade because so much of its revenue is tied to federal spending

Oil companies maintain high profits

Some have been spinning off their refining operations to avoid taking a hit for crude costs they can't pass on
Posted In: Oil

Food trucks shift from road to restaurant

The mobile eats trend is now seen more as a first step into expanding a larger business
Posted In: Food

Music from this show

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Tripped and Fell in Love
Yacht
Let There Be Horns
RJD2
The Devil, You & Me
The Notwist
Gold For The Price Of Silver (Erot Vs Kings Of Convenience Version)
Kings Of Convenience