10/08/12

Marketplace Morning Report for Monday, October 8, 2012

Episode Teaser Image:

Episode Description:

Columbus Day used to be a day off, but with fewer workers and students getting a three-day weekend, businesses have to adjust. Third-quarter earnings season begins this week, with some analysts predicting the first decline in S&P 500 profits since 2009. New England tourism could get a boost this fall foliage season because dry weather will mean brilliant reds and purples as leaves change color.

To view this content, Javascript must be enabled and Adobe Flash Player must be installed.

Listen to more audio from this episode

10-08-12 The Big Picture

10-08-12 The Day Ahead

10-08-12 Global Perspective

10-08-12 First Numbers

10-08-12 Morning Open

10-08-12 U.S. Perspective

10-08-12 The Roundup

PODCAST: An eternal flame, Americans get out of the stock game

Jeff Horwich

Oct 8, 2012

The U.S. house intelligence committee says China's largest telecommunications companies should be banned from doing business here. The percent of U.S. households owning stock is at one of its lowest points in the last couple decades. In Venezuela, President Hugo Chavez has been reelected to a new six-year term.

California gas prices hit record high

Interview by

Jeff Horwich

Oct 8, 2012

In California this morning drivers are paying an average $4.66 for a gallon of gas. Governor Jerry Brown has ordered that winter will come early this year -- in the form of so-called "winter blend" gasoline.

Posted In: california, gasoline

Spain delays bailout, China growth slows

Interview by

Jeff Horwich

Oct 8, 2012

In Europe, the latest signals are that Spain will not take a bailout in the immediate term. China's economic growth is slowing as investment takes a back seat to consumer spending.

Posted In: spain, Europe debt crisis, Germany, ECB

Congress: Chinese telecom companies pose threat

Mitchell Hartman

Oct 8, 2012

A panel of the House Intelligence Committee warns U.S. telecom companies not to do business with Huawei Technologies and ZTE Corp.

Posted In: China, huawei, telecom, intellectual property

Chavez victory mixed outcome for Venezuela energy sector

Interview by

Jeff Horwich

Oct 8, 2012

In Venezuela, President Hugo Chavez has been reelected to a new six-year term. He had 54 percent of the vote; much closer than he's gotten used to during his 14 years in office.

Posted In: venezuela, hugo chavez

Japan carmakers to cut China production

Rob Schmitz

Oct 8, 2012

Japan's carmakers are reporting a huge drop in sales in China, and it's not about China's slowing growth. Anti-Japan protests in China are such an issue, Toyota and Nissan have both cut back on Chinese production.

Posted In: China, auto market, Japan

Despite strong year, individuals pull back on stocks

Interview by

Jeff Horwich

Oct 8, 2012

After a brief uptick, the percent of households owning stock is back down to where it was at the start of the financial crisis, according to new numbers from the Investment Company Institute.

Posted In: stock market, index funds, Mutual funds

Government contractor welcomes fiscal sacrifice

Interview by

Jeff Horwich

Oct 8, 2012

Virginia is a state both presidential candidates are hoping to win come November. One of the "swingiest" parts of the state is Loudoun County, where a government contractor is ready to put his job on the line to get the nation back on track.

Posted In: entitlements, Virginia, swing state