07/08/08
Marketplace Morning Report for Tuesday, July 8, 2008
Episode Description:
Marketplace Morning Report for Tuesday, July 8, 2008
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China clearing the air for Olympics
The Olympics are exactly one month away, and Beijing is working hard to clear out its dirty skies for the games. One key is shutting down polluting factories in nearby areas. Scott Tong reports from one city with a factory-closing deadline.
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Fed wants more power over lenders
Federal Reserve Chairman Ben Bernanke said this morning that the Fed will introduce new mortgage lending rules, especially targeting to high-cost lending. Alisa Roth reports why the Fed wants more power.
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Candidates focus on expat fundraising
Democratic presidential candidate Barack Obama is fundraising in London. While it's illegal for him to take money from foreign citizens, the city is home to many wealthy Americans. Geoff Brumfiel reports.
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Britain could be at recession risk
The British Chambers of Commerce found a sharp fall in sales, orders and cash flow in the second quarter. Stephen Beard reports the group says Britain might now be at real risk of recession.
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TV, radio actors vote on new contracts
Votes of TV and radio artists will be tallied on a new contract with studios. The performers' union AFTRA is hopeful about negotiations, but SAG members aren't so sure. Rico Gagliano reports.
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California fires blaze through tourism
It's too early for wildfire season, but more than 20,000 firefighters are battling blazes in California's Central Coast. Stacey Vanek-Smith reports how the fires could hurt Monterey County's tourism.
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Alcoa earnings drop with aluminum
The earnings season begins today with aluminum maker Alcoa, and slow construction has made aluminum demand fall. Ashley Milne-Tyte reports Alcoa's second-quarter earnings are likely to be lower than last year.
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