11/01/12
Marketplace Morning Report for Thursday, November 1, 2012
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Episode Description:
Insurance claims from Sandy will reach an estimated $15 billion. But many people will have to cover damage to their household possessions because they don't have renter's insurance. Well we are just about five days away from election day which means one way or another the economy is going to get a little certainty. So what does that mean for ordinary investors and people with retirement accounts?
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Challenger: Surge in October job cuts
The firm Challenger Gray and Christmas says planned job cuts at U.S. firms jumped 41 percent in October -- the highest level since May.
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PODCAST: Economic data comes in as Sandy recedes
As Sandy passes, a flood of economic data to talk about: Jobless claims, job cuts, and tomorrow's official jobs report from the Labor Department. An update from the Jersey shore where residents are struggling to dig out, reopen businesses, and rebuild.
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Gallup expects unemployment rate to decrease
Ahead of the government's jobs report tomorrow, Gallup is predicting a decrease in unemployment from the organization's independent polling.
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For better or for worse: Jobs market remains steady
Initial claims for unemployment insurance dropped last week and productivity increased modestly. Does the data mean hiring is back on track?
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Atlantic City struggles to reboot after Sandy
In Atlantic City on the New Jersey shore, the casinos remain closed and are estimated to be losing $5 million a day. Residents are still coping with the aftermath of the storm -- digging out, rebuilding, and waiting to get back online.
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How Sandy will impact the election
With just five days to go until election day, superstorm Sandy will almost certainly have an impact, but the economy is still the number one priority in the minds of voters.
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Stocks: A safe bet for investors?
Despite the impending fiscal cliff, slowing global economy, and a weak domestic jobs market, the stock market is still going strong -- outperforming U.S treasuries, corporate bonds, and commodities.
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Rebuilding after Sandy in an age of austerity
All the state governments in the path of Sandy say they’re going to rebuild infrastructure. In this age of budget austerity, where will the money come from?
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Greek editor stands trial over tax evader list
A Greek magazine editor goes on trial today after being accused of breaking privacy laws when he published a list of prominent Greeks who allegedly evaded their taxes.
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After Sandy, New York's new normal
It's been three days since Sandy hit New York City and as residents wake up this morning, the city is still staggering back to normal.
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The overlooked benefits of renters insurance
Insurance claims from Sandy will reach an estimated $15 billion. But many people will have to cover damage to their household possessions because they don't have renters insurance.
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