06/03/08
Marketplace Morning Report for Tuesday, June 3, 2008
Episode Description:
Marketplace Morning Report for Tuesday, June 3, 2008
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1
GM closes SUV plants on weak sales
General Motors CEO Rick Wagoner announced the closing of four truck and SUV plants. Nancy Marshall Genzer explains how jobs will be affected and how the company plans to revive its electric car, the Chevy Volt.
1
Xenophobia only hurts South Africa
South Africa's economy relies on as many as 5 million foreign nationals. But when mobs attacked these foreigners last month, more than 50,000 of the migrants fled. Gretchen Wilson reports how that could hurt the country.
0
Lehman Brothers needs billions
Lehman Brothers is about to report its first ever quarterly loss. The bank will reportedly need billions of dollars of extra capital to beef up its balance sheet. Stephen Beard has more.
0
The return of the one-year T-bill
For the first time in seven years, the government will be selling the one-year T-bill. Jill Barshay reports the government needs money badly enough to bring back old Treasuries and safe, short-term debt.
1
Feeding countries in ethanol era
A U.N. summit in Rome is focusing on feeding people in poor countries in the face of rising costs and biofuel. Scott Jagow talks to reporter Megan Williams about how U.N. leaders want to solve the problem.
2
Obama will need funds in election
The presidential primary season wraps up today, and the candidates have raised almost a billion dollars combined. But Steve Henn reports why Obama will be behind in the money race if he heads towards the general election.
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