Marketplace Morning Report for Wednesday, October 3, 2012

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Episode Description 
On today's show we broadcast live from Cleveland, Ohio. Ahead of the first presidential debate tonight, republican Governor John Kasich and the state's former democratic Governor Ted Strickland share their views on Ohio's economy and which way the state will swing this election. T-Mobile and MetroPCS announced their plans to merge, uniting them as the fourth largest wireless carrier in the U.S. Protests breaks out in Iran as inflation  of the Iranian Rial soars -- the currency is down 25% against the dollar in just the past week.

PODCAST: Animal tracks and T-Mobile pacts

The Iranian rial has lost 25 percent of its value against the dollar in just the past week, and there is lots of blame to go around -- including some directed at the U.S. T-Mobile, America's struggling fourth-place wireless company, says it has finally reached a merger deal -- but not with one of the big guys.

T-Mobile and MetroPCS announce merger

Today T-Mobile and MetroPCS announced a merger, uniting them as the fourth largest wireless carrier in the U.S. The cellphone companies will cater to customers seeking low monthly payments, a rapidly growing mobile segment.
Posted In: T-Mobile, mobile phone

Iran inflation crisis sparks protests and blame

Today police in Iran fought with money lenders and other protesters in front of the country's central bank. Inflation in Iran is running at a shocking clip: the Iranian Rial is down 25% against the dollar in just the past week.
Posted In: Iran, rial, currency, inflation, ahmadinejad

Battleground Ohio: Governors past and present on election 2012

Ahead of tonight's debate, current republican Governor John Kasich and the state's former democratic Governor Ted Strickland share their views on Ohio's economy and how it fits in the national election this year.
Posted In: Ohio, Ted Strickland, John Kasich, 2012 election

Is the U.S. at risk of another OPEC oil embargo?

The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Posted In: Saudi Arabia, OPEC, Oil, energy