10/17/08
Marketplace Report for Friday, October 17, 2008
Episode Description:
Marketplace Report for Friday, October 17, 2008
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0
A requiem for big investment banks
Investment banks like Bear Stearns and Lehman Brothers have been major casualties of the financial crisis. With investors skeptical about risk, is the investment banking model dead? London Bureau Chief Stephen Beard reports.
0
Don't get too used to lower gas prices
The recent drop in oil prices might have us smiling at the pump now, but those lower prices could head back up. OPEC is expected to cut production during an emergency meeting next week. Nancy Marshall Genzer has more.
2
Redefining poverty in the U.S.
The U.S. definition of poverty is more than 40 years old, and critics think it's time for an overhaul. Mayors from all over the country met in L.A. to come up with a plan for resetting the poverty line. Rachel Dornhelm has more.
0
Week on Wall Street
Are we in a recession? A slowdown? A rebalancing? What happens next? Kai Ryssdal asks Mike Mandel, writer for BusinessWeek, and Johs Worsoe, senior executive vp, global markets, for Union Bank, for their thoughts.
0
Checking the state of the auto industry
Reports say GM and Chrysler have stepped up merger talks, with GM running out of cash. Toyota, on the other hand, is promoting a new zero-financing initiative for 11 models. Ashley Milne-Tyte has more.
0
Housing construction slump continues
Construction of new homes was expected to drop in September, but not to the lowest number in seven years. With builders and buyers unable to get loans easily, the decline is expected to continue. Mitchell Hartman reports.
0
Looking back to Bretton Woods
President Bush will meet with French President Nicolas Sarkozy at Camp David. It's not likely to lead to a worldwide summit because the president is in lame duck status. But Jeremy Hobson reports on something that might come up.
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