07/03/08
Marketplace Morning Report for Thursday, July 3, 2008
Episode Description:
Marketplace Morning Report for Thursday, July 3, 2008
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Salaries up for recent college grads
An employment survey found starting salaries among recent college grads are up across the board on average of 7 percent over last year. Jeremy Hobson reports which saw the biggest income increase.
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Job losses in every direction
Most industries experienced job cuts last month, and the rise in energy prices has yet to fully factor into the big economic picture. Amy Scott reports it could be worse -- and probably will become worse.
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What's dragging down Asian markets?
Energy prices are one of the major factors dragging down the Asian market. Scott Jagow talks to Scott Tong in Shanghai about Japanese and Chinese stocks and why China's market is down 60 percent from last year.
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Flood risks call for housing safety
The National Wildlife Federation says climate change is making flooding far more likely and wants Congress to mandate that houses be built on safe terrain. Nancy Marshall Genzer has more on a flood insurance bill.
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Grain prices eat at organic industry
Organic food producers are feeling the pinch of surging grain prices, and some are predicting an all-out contraction. Sam Eaton hangs out with one dairy farmer who has gone into the red to feed his cows.
1
ECB firm against interest rate pressure
Despite pressure from the U.S. Treasury and European politicians, the European Central Bank seems intent on raising interest rates. Stephen Beard reports the bank's objective is to use higher rates to curb inflation.
2
Chrysler's $3 gas a cheap idea?
Chrysler wants to boost weak sales by offering a gas incentive: $3 a gallon for three years. But with gas prices only rising, is that a smart move? Rico Gagliano looks into how much money customers would save with the deal.
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