05/04/09
Marketplace Morning Report for Monday, May 4, 2009
Episode Description:
Marketplace Morning Report for Monday, May 4, 2009
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Obama tightens international tax code
President Obama made a push for collecting more taxes on international profits. He would eliminate some deductions companies get for officially earning profits in the Bahamas. Bill Radke has more.
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Car dealers eligible for SBA loans
The Small Business Administration will start making more businesses eligible for government-guaranteed bank loans. The move will have a particularly rewarding impact on car dealers. Mitchell Hartman reports why.
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Where rising home sales are relevant
Bill Radke talks to Scott Sambucci, head of data analytics at Altos Research, on the numbers out this morning on pending sales of existing homes rising and whether or not this was a big deal.
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Short-term cash for fallout later?
Steve Chiotakis talks to Sam Stovall,
Chief Investment Strategist at S&P Equity Research, about the market's reaction to today's biggest business headlines.
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No town too small for tourism
The town of Ord, Neb. may have a population of just 2,200, but the local convenience store is stocked with tourist brochures. Alex Schmidt explores how this and other small-community economies are pulling people back.
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The gauging power of the stock market
The stock market has been on an upswing lately, but is it a fair economic barometer of what's to come? Steve Chiotakis talks to Fortune Magazine's Allan Sloan about whether stocks make a difference in the outlook of things.
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Fiat poised in GM Europe takeover
Fresh from agreeing to take over a large chunk of Chrysler, Fiat now wants GM's European divisions as well. The automaker meets today with the German government about a takeover, and Stephen Beard reports the German government may agree.
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Apple gets into the chip business
Apple Computer has been enlisting many more people with micro-chip experience into its ranks, which suggests the company may want to design its next chip wave in-house. Joel Rose reports the advantages of employing the chip-maker.
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Fiat can fire up fuel-efficient sales
Before Fiat left the U.S. in the early 1980's, it pitched fuel-efficient cars to the American market. As the automaker prepares a return to the country, it may have better luck selling gas savers this time around. John Dimsdale reports.
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