06/01/09
Marketplace Morning Report for Monday, June 1, 2009
Episode Description:
Marketplace Morning Report for Monday, June 1, 2009
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Wall Street factors in GM
What are the longer-term implications of today's GM bankruptcy filing? Steve Chiotakis talks to Juli Niemann, analyst at Smith, Moore and Company in St. Louis.
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Dealers react to GM moves
Bill Radke talks to Marty Krepsky, sales manager at Bill Wink Chevrolet in Dearborn, Mich., about his reaction to the GM bankruptcy filing and how he feels about the automaker being owned by the U.S. taxpayer.
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Bollywood theater bears bad times
When the Silicon Valley started to see a large influx of Indian engineers, one entrepreneur thought it was a good time to open up a Bollywood theater nearby. Karen Weise reports how the theater stays afloat in rough times.
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China sounding skeptical about GM
Treasury Secretary Tim Geithner told a crowd in China the U.S. government is just a temporary caretaker for General Motors, and that he expects GM to emerge quickly from bankruptcy stronger. Scott Tong reports how they reacted.
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Europe struggles with GM bankruptcy
The sale of GM's European division has opened up major squabbling across Europe. Bill Radke talks to Marketplace's Stephen Beard about the potential Canadian and Russian buyers and why there's controversy.
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Congress considers hurricane bill
Congress is exploring the government's role in protecting vulnerable coastal communities from hurricanes. A reintroduced bill would create a federal catastrophe fund in the event of a major disaster. Sam Eaton reports.
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How will the new Tonight Show guy do?
Millions of viewers are expected to tune into The Tonight Show tonight to watch the "new guy." But will they stick around? Jeff Tyler reports ad rates will probably maintain current prices, but the competitions is circling.
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Ford going forward without bailout
Ford is planning to take advantage of its bailout-free position by ramping up production by 10 percent in the third quarter. Steve Chiotakis talks more about Ford with Fortune Magazine's Allan Sloan.
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GM will make the most of bankruptcy
GM has begun filings for the nation's largest industrial bankruptcy ever. Steve Chiotakis talks to reporter Tamara Keith about what will emerge from the GM bankruptcy, including hopes for a better chance at competition.
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