Marketplace Morning Report for Tuesday, October 19, 2010

Episode Description 
Marketplace Morning Report for Tuesday, October 19, 2010

Chevron ads spoofed by pranksters

Chevron rolled out a new ad campaign called "We Agree" to highlight efforts to develop renewable energy and create jobs. But before the oil giant could get the campaign all the way out, pranksters stole the company's thunder. Jeff Tyler reports.

Are electric car subsidies a good idea?

At the end of the year, a couple key subsidies for next-generation cars expire -- like tax breaks for hybrids and charging stations for plug-ins. Yes, interest groups are lobbying to renew them. But is it a good idea to throw public money at this one particular sector? Scott Tong reports.
Posted In: Auto

Despite protests, French gov't forges on

French public sector workers have taken to the streets, protesting the government's plan to reform pensions. Europe correspondent Stephen Beard talks with Steve Chiotakis and what impact the strikes are having.

China may reduce rare earth exports

China's state-run newspaper quoted a government official saying China will reduce its exports of rare earth metals by a third. But hours after the article was published, another Chinese government official issued a correction, saying exports will remain the same. Rob Schmitz reports.

Impact of parents embracing generics

Johnson & Johnson has lost millions of dollars in sales this year, after recalling more than 100 million bottles of children's Tylenol, Motrin and Benedryl. As Andrea Gardner explains, the effects could be tough for J&J to swallow.
Posted In: Health

B of A to resume foreclosures

Bank of America says foreclosures will go forward on more than 100,000 properties after they were halted a week ago over so-called "robo-filings." Reporter Mitchell Hartman talks with Jeremy Hobson about why B of A is resuming the foreclosures.
Posted In: Housing

How's the banking sector doing?

Bank of America lost more than $7 billion in its latest quarter whle Goldman Sachs reported it made nearly $2 billion. Why the disparity in this morning's earnings? David Kelly, JP Morgan Funds chief market strategist, talks the details with Steve Chiotakis.
Posted In: Banks

Calculating the costs of flight delays

A new study finds that flight delays cost U.S. society more than $32 billion a year. Reporter Mitchell Hartman talks with Jeremy Hobson about how researchers came up with that figure and breaks down the number.
Posted In: Airlines, Travel

Foreclosure mess helps home builders?

There's been a lot of confusion about mortgage documents and whether banks will continue to seize homes. Some will move forward with foreclosures, others will observe a voluntary moratorium in the wake of allegations that many homes were seized improperly. How will that affect the foreclosure mess going forward? Tony Arnold reports.
Posted In: Housing

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