Marketplace Morning Report for Monday, November 03, 2008

Episode Description 
Marketplace Morning Report for Monday, November 03, 2008

China weeds out tainted animal feed

China's tainted food has moved further up the global food chain to include animal feed. Over the weekend, Chinese authorities said they're intervening massively to clean it all up. Scott Tong has more from Shanghai.
Posted In: Agriculture, Food, Health

International cargo prices jumping

Costs for international exporters and importers have more than doubled in recent weeks. Demand has dropped to a point where biggest bulk cargo vessels are losing their owners up to $9,000 a day. Stephen Beard reports.

Gingrich: Don't get in over your head

We continue our occasional series, "What's the Fix?" with former House speaker Newt Gingrich, who would cork the issues revolving around an economic meltdown by not encouraging people to spend where they can't afford it.

When a stimulus may not be a stimulus

On the eve of election day, lawmakers are discussing a second stimulus package. But can you really call it a stimulus, or just a ploy to win a few last-minute votes? Renita Jablonski talks to Fortune Magazine's Allan Sloan.

Black Friday can never be too early

Kmart has made it so you no longer have to wait for the busiest shopping day of the year. "Early Black Friday" will include big price cuts on electronics and more hopes for a leg up on the economy. Stacey Vanek-Smith reports.
Posted In: Retail

Credit default data could inspire action

The value of all the credit default swaps could be $40 trillion or $50 trillion -- nobody knows for sure. But Bob Moon reports even some initial data could shed enough light on the subject to shock regulators into action.

Business survey marks low demand

A new survey out this morning from the National Association of Business Economists suggests the economy is already in recession and getting worse. Alisa Roth reports one-third of those polled said demand fell.

Big vehicle market not getting bigger

Ford is aiming to ramp up production of its monster pick-up truck, the F-150, and re-hire 1,000 employees. But Jeremy Hobson reports the move doesn't mean big cars are making a comeback.
Posted In: Auto