10/11/12
Marketplace Morning Report for Thursday, October 11, 2012
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Episode Description:
Macy's is opening its doors to Toys 'R' Us -- the toy retailer will set up shop in two dozen stores for the holiday season. The Agriculture Department is scheduled to release its latest estimates for this year’s corn and soybean crops this morning and is forecasting the smallest corn and soybean harvest since 2004. We have reached debate night number two of the presidential race, and there's a good bet the strength or weakness of our economic recovery is going to play a starring role. How does today's economic recovery stack up to those in the past?
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Job market improving as jobless claims drop
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Combined with last week's employment report, the claims data provides evidence of a slowly improving job market.
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PODCAST: Meet Mitnik, Jobless claims kick it
The head of the International Monetary Fund today sends a conflicting message to spend and stop cutting. New weekly claims for unemployment fell last week to the lowest level in four and a half years. The U.S. Anti-Doping Agency has released a report on alleged doping by retired cyclist and cancer survivor Lance Armstrong, but support for Armstrong's charitable organization Livestrong may be immune.
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Border town business grapples with Mexican gang violence
This week Mexican marines took out the leader of one of Mexico's most powerful drug gangs, the Zetas. There's some hope this might disrupt their reign of terror there and open up cross-border business and trade.
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Debate: Drawing a town hall audience
The next presidential debate is on Tuesday, October 16th, and this one is a town hall with 84 people in the audience. The participants will get to quiz the candidates -- but how are they selected?
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Weekly unemployment claims fall to four year low
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Elsewhere around the world, the S&P has downgraded the soveign debt of Spain.
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Could Lance Armstrong's brand be tainted by doping scandal?
The U.S. Anti-Doping Agency has released a report on alleged doping by retired cyclist and cancer survivor Lance Armstrong. But support for Armstrong's charitable organization Livestrong may be immune.
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Voters pessimistic about Medicare's future
Vice President Joe Biden will face Congressman Paul Ryan on the debate stage tonight, and Paul Ryan's Medicare plan is sure to be a hot topic. Polling shows most Americans are against Ryan's voucher proposal, but do recognize the need for system reforms.
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Is the IMF going soft on austerity?
The head of the International Monetary Fund, Christine Lagarde, wants countries to stop cutting and start spending. In Tokyo today, the leader warned that austerity is making the global economy worse.
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How does today's economic recovery stack up?
Republicans have been calling it the weakest recovery in U.S. history, but comparing recessions and recoveries has become incredibly controversial because, as in the case of much of economics, it all depends.
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Macy's opens its doors to Toys R Us
The toy retailers will set up shop in two dozen stores for the holiday season.
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Drought severely diminished U.S. crop supply
After this summer's drought, nobody expected good news from this morning's USDA crop report.
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