Marketplace Morning Report for Tuesday, July 8, 2008

Episode Description 
Marketplace Morning Report for Tuesday, July 8, 2008

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.
Posted In: Economy

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.

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.

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.
Posted In: Entertainment, Jobs

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.

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.

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.
Posted In: Economy

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