Mid-day Update

PODCAST: The ECB’s bond-buying plan, McDonald’s goes all-veggie

Chau Tu Sep 6, 2012
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Mid-day Update

PODCAST: The ECB’s bond-buying plan, McDonald’s goes all-veggie

Chau Tu Sep 6, 2012
HTML EMBED:
COPY

The European Central Bank has unveiled its plan to save the euro. The bank’s president Mario Draghi said this morning that the ECB will buy European government bonds in an effort to stem the debt crisis.

Tonight President Obama will accept his party’s nomination for president at the convention in Charlotte. In the meantime, as part of our coverage of the Real Economy — what matters most to voters in this election — David Gura reports from North Carolina on a father and son working at a start-up in Raleigh.

Amazon is expected to unveil the latest version of its Kindle fire tablet today. The Kindle Fire is cheaper than Apple’s iPad, and profit margins are thin. But Amazon is trying to sell as many as possible so that customers fill those tablets with books and movies purchased from Amazon.

The U.N. said this morning that global food prices were flat in August, easing fears of a global food crisis for now. But prices are likely to climb in the long term.

Gunmaker Smith and Wesson is reporting its quarterly earnings today, which come in the wake of three mass shootings. It seems, though, that those shootings haven’t stopped Americans from buying firearms.

Tomorrow, the Labor Department will release its August jobs report, and there will be a lot of talk about the millions of Americans who are still out of work. But what about the people who have jobs? Are they satisfied?

McDonald’s is going vegetarian — at least in India. The fast food chain is opening its first-ever vegetarian restaurant there next year in a city that’s home to one of the Sikh religion’s holiest sites.

And finally, actress Eva Longoria of “Desperate Housewives” fame is opening a new kind of restaurant: A steakhouse specifically for women. It’s opening in Vegas, and according to the L.A. Times, it’ll feature smaller portions and a catwalk for fashion shows. It’ll also have fog machines and rain curtains — you know, the stuff all women want in a steakhouse. Men will be welcome.

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