Marketplace for Friday, June 6, 2008
Posted In: Sports
Attention will be on the Belmont Stakes on Saturday as Big Brown tries to capture the Triple Crown. But thoroughbred racing's not what it used to be. Attendance is down and the money wagered has dropped $1 billion in five years. Kai Ryssdal reports.
President Bush leaves Monday for what will probably be his last major trip to Europe. He's expected to get a polite reception at a big U.S.-European summit meeting, where a bitter trade dispute between the two sides might actually be settled. Stephen Beard reports.
Posted In: Economy, Jobs
History tells us employment tends to lag in the economic cycle. Jobs return once demand for products and services goes up. But commentator and economist Mark Thoma says factors like technology are throwing a wrench into the jobs equation.
Barack Obama is making the Democratic National Committee live by his campaign's rules -- no money from lobbyists or political action committees. Jeremy Hobson reports on how this decision might affect what happens in November.
Posted In: Economy
Crude topped $139 a barrel at its high today after a Morgan Stanley analyst said he expects it to hit $150 by July 4. Meanwhile, the dollar fell on news the E.U. central bank might hike interest rates. All that got speculators going. John Dimsdale reports.