10/30/08
Marketplace Morning Report for Thursday, October 30, 2008
Episode Description:
Marketplace Morning Report for Thursday, October 30, 2008
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A new plan to avoid foreclosures
The federal government is working on a new plan to help struggling homeowners avoid foreclosure. This would be paid for through the $700 billion rescue package finalized by Congress. Nancy Marshall Genzer has more.
2
Virgin considering a three-way deal
Virgin is considering possible three-way deal between itself, BMI and Luftansa. Virgin could get local flights in the U.K. and also form an alliance with Luftansa for international flights. Megan Williams reports.
51
Loan not good idea for U.S. car makers
There's talk of a loan to GM and Chrysler to assist with a merger. But economics correspondent Chris Farrell tells Scott Jagow U.S. auto makers should avoid a government loan and just declare bankruptcy.
0
Prime Minister Brown's fix for the world
British Prime Minister Gordon Brown's rescue plan for U.K. banks made some think of him as a financial savior. Will it work in the long term? Stephen Beard reports for our "What's the Fix? series.
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Insurance may be next for rescue
Earnings are down at insurance companies, and there's talk that there could be federal assistance on the way. But will it be a repeat of the $85 billion loan offered to life insurance company AIG? Jeremy Hobson reports.
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Holiday scares up some good retail
Holiday shopping may look grim towards the end of the year, but Halloween-related spending is actually up. Julie Rose looks into how the holiday is allowing consumers to dress down their economic woes.
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Do we still care about earnings reports?
In the midst of a financial snafu, you've got to wonder whether company earnings reports mean anything to the stock market. Jeremy Hobson reports investors are more interested when a plan of action is involved.
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