Marketplace Morning Report for Monday, January 14, 2013
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Carmakers are gathering in Detroit this morning for the North American International Auto Show which means we'll get a peek at the latest car models and perhaps the strategy that automakers will pursue to keep sales up. In New York today, some 27,000 retail professionals are gathered for The National Retail Federation's annual conference. Unlike automakers, they will not be reflecting on a pleasant 2012. The Miami metro area is the country's 8th largest, and it's known for a lot of things -- sunshine and beaches, cruise ships, Lebron James. Now the city is solidifying its place as the hub of Latino television.
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In Beijing this weekend pollution was literally off the charts. A mystery invitation to "come and see what we're building" is generating plenty of buzz for Facebook. And Motor City shows off its green side.
Posted In: debt ceiling, Obama, deficits
In the final news conference of his first term, President Obama made a new pitch for "balance" as Washington approaches another fiscal deadline.
Posted In: apple, iPhone, iPhone5, samsung
Apple's stock is down sharply this morning after a report that demand for the iPhone 5 is waning. The Wall Street Journal reports Apple has cut orders for iPhone 5 components, like screens, because of the weak demand.
Posted In: Facebook, mobile phone, social media
A mystery invitation to 'come and see what we're building' is generating plenty of buzz for Facebook.