Mid-day Update

PODCAST: Markets react to Ukraine

David Brancaccio Mar 3, 2014
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Mid-day Update

PODCAST: Markets react to Ukraine

David Brancaccio Mar 3, 2014
HTML EMBED:
COPY

Germany’s leader is indicating this morning that the crisis in Ukraine can still be resolved by political means. An aide to Angela Merkel today says Germany has proposed to Russia’s president sending what’s labeled as a “fact-finding mission” to the Crimean peninsula, where Russia’s military is now in control without a fight.

Meanwhile, the newly-installed Prime Minister of Ukraine said a military conflict in the country would ruin regional stabilty. He also says the new government has no intention of nationalizing private companies. Nevertheless, the markets are reacting to the tensions with investors moving toward the safe haven of the U.S. Treasury.

Endless snowstorms, freezing cold, and an uncertain economy has car sales skidding off the road in 2014. So carmakers are extending their incentive programs.

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