07/30/08
Marketplace Morning Report for Wednesday, July 30, 2008
Episode Description:
Marketplace Morning Report for Wednesday, July 30, 2008
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World trade talk splits tough to repair
After seven years of on-again, off-again negotiations, the U.S., China and India couldn't reach an agreement on farm tariffs in world trade talks. Jennifer Collins takes a look at what could happen next.
1
SUV resale value drops on poor sales
As the price of gas spikes up, the value of SUVs and pickup trucks has plummeted. That's a big problem for companies that leased these vehicles two or three years ago. Janet Babin reports on what car companies could lose.
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ArcelorMittal reports steel profits
Shares of ArcelorMittal, the world's biggest steelmaker, are double what they were last quarter. Share prices had been falling on the assumption of hurt demand. Stephen Beard reports most of the growth comes from emerging markets.
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Atlanta innovates for staying tourists
The Georgia Aquarium in Atlanta is breaking ground this summer on a $110 million expansion. But Odette Yousef reports the opening of museums next door might make similar projects cheaper to fund in the future.
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LA to fast food: Not so fast
The Los Angeles City Council has passed a year-long ban on new fast food chains going into South Los Angeles, one of the city's most obese neighborhoods. But not everyone is happy about the ordinance. Renita Jablonski has more.
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Seeking more small business money
Congress is looking over a federal program that gives up to $2 billion a year to small businesses, which will run out in September. Mitchell Hartman reports just one area where the program has had success.
2
Glazing over the donut economy
Whether you crave one that's glazed, cream-filled or you can't stand them at all, donuts tend to come out on top in a down economy. Scott Jagow talks about a sweet world with Paul Mullins, who wrote a book on donuts.
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