Marketplace Morning Report for Friday, October 24, 2008

Episode Description 
Marketplace Morning Report for Friday, October 24, 2008

Can we chip through the pessimism?

Investors are bearish in the throngs of a recession. Bill Radke talks to Diane Swonk, chief economist at Mesirow Financial, who says it will get worse before it gets better, but many problems are panic-driven.

In market, psychology beats economics

Worries about earnings may have been one big trigger in the market slowdown. But despite fears real and projected, National City's Richard De Kaser tells Renita Jablonski he thinks the recession will be a modest one.

Leverage can be a dangerous thing

Some immediate causes of this morning's fallen Dow: word of negative economic growth in Britain and profit warnings from big companies. But Dan Grech explains the role of what some call "forced selling."
Posted In: Wall Street

Cheap oil bad for renewable energy

The days of gas below $3 a gallon are fast returning, but this doesn't necessarily bode well across the board. Sarah Gardner reports falling oil and gas prices undercut the incentive for renewable energy projects.
Posted In: Oil

Infrastructure is a constructive idea

Perhaps the U.S. federal government needs to spread more money to the states and rebuild infrastructure to help fix the crisis. Bill Radke explores this idea with professor James Galbraith for our "What's the Fix?" series.

Government pension fund hard hit

Early last year, the Pension Benefit Guarantee Corporation had more than $68 billion invested -- but began to chip away at that with risky investments. Steve Henn reports Congress will be looking into it.

Russia faces deficit on down ruble

With the price of oil and gas plummeting, Russia's once bulging budget could be heading for a deficit. Megan Williams reports half the country's income is from oil, and production is dropping along with price.
Posted In: Russia

Asia, Europe meet on financial system

Asian leaders gathered with their European counterparts in Beijing to see what could be done to get out of a global tailspin. Scott Tong reports there are two competing world views on the world financial system.

No crisis for 'High School' franchise

While the world financial crisis rages on, Disney is doing just fine with the release of High School Musical Three in theaters today. The movie is expected to make $35 million this weekend. Stacey Vanek-Smith reports.
Posted In: Entertainment

Government panic has fueled crisis

What could the government have done to soften the blow of the crisis? Commentator Susan Lee looks into the question in our first installment of our "What's the Fix?" series.

Music from this show

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Hummer (Bonus Track)

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