Playlist: The Federal Reserve and the Midterm Election
Posted by Katharine Crnko
For Marketplace Morning Report, Wednesday, November 3, 2010
Today we had two big news contributors: The Federal Reserve and the Midterm Elections.
The Federal Reserve will announce today it's plan for economic recover, which will likely involve a bond-buying strategy. We discussed what this would do for jobs and treasury securities.
The Republicans are celebrating today after the GOP took control of the U.S. House. The Democrats still hold the Senate however. But what does this mean for Bush tax cuts, which will expire at the end of the year? Will the lame duck Senators rush an initiative through, or will there be referendum come January.
Jeremy Hobson spoke to Congressman Joe Barton, expected Chair of the House Energy and Commerce Committee about the Republican plan for next year.
We also heard about a popular new Texan chef, Johnny Hernandez. For years, Latinos have been the backbone of the food service industry for decades, but few Hispanic-Americans have gotten their time in the culinary spotlight. That may be about to change.
The end of the election season also means the end of those inescapable political ads. But while those commercials may be gone, the competition still continues -- as the other ads all fight for spots during the tight schedule of the holidays.
Delta employees are in the middle of a vote on whether they'll join a union. It could lead to the first time in more than 80 years that people other than Delta executives would determine wages and benefits, and that could have a huge effect on the company's corporate culture.
And finally -- it's that time of the year again -- McDonald's has brought back the McRib. The BBQ sandwich's only available at the fast-food joint for six weeks, though -- which might have an effect on its rabid popularity.
Here are the songs we played: