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Oct 8, 2012

Marketplace Morning Report for Monday, October 8, 2012

Columbus Day used to be a day off, but with fewer workers and students getting a three-day weekend, businesses have to adjust. Third-quarter earnings season begins this week, with some analysts predicting the first decline in S&P 500 profits since 2009. New England tourism could get a boost this fall foliage season because dry weather will mean brilliant reds and purples as leaves change color.

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Segments From This Episode

Dry year boosts fall foliage
by Shannon Mullen
New England tourism could get a boost this fall foliage season because dry weather will mean brilliant reds and purples as leaves change color.
Businesses adjust to Columbus Day fade-out
by Mark Garrison
Columbus Day used to be a day off, but with fewer workers and students getting a three-day weekend, businesses have to adjust.
Earnings under spotlight as economy slows
by Sally Herships
Third-quarter earnings season begins this week, with some analysts predicting the first decline in S&P 500 profits since 2009.
Government contractor welcomes fiscal sacrifice
by Jeff Horwich
Virginia is a state both presidential candidates are hoping to win come November. One of the "swingiest" parts of the state is Loudoun County, where a government contractor is ready to put his job on the line to get the nation back on track.
Despite strong year, individuals pull back on stocks
by Jeff Horwich
After a brief uptick, the percent of households owning stock is back down to where it was at the start of the financial crisis, according to new numbers from the Investment Company Institute.
Japan carmakers to cut China production
by Rob Schmitz
Japan's carmakers are reporting a huge drop in sales in China, and it's not about China's slowing growth. Anti-Japan protests in China are such an issue, Toyota and Nissan have both cut back on Chinese production.
Chavez victory mixed outcome for Venezuela energy sector
by Jeff Horwich
In Venezuela, President Hugo Chavez has been reelected to a new six-year term. He had 54 percent of the vote; much closer than he's gotten used to during his 14 years in office.
Congress: Chinese telecom companies pose threat
by Mitchell Hartman
A panel of the House Intelligence Committee warns U.S. telecom companies not to do business with Huawei Technologies and ZTE Corp.
Spain delays bailout, China growth slows
by Jeff Horwich
In Europe, the latest signals are that Spain will not take a bailout in the immediate term. China's economic growth is slowing as investment takes a back seat to consumer spending.
California gas prices hit record high
by Jeff Horwich
In California this morning drivers are paying an average $4.66 for a gallon of gas. Governor Jerry Brown has ordered that winter will come early this year — in the form of so-called "winter blend" gasoline.
PODCAST: An eternal flame, Americans get out of the stock game
by Jeff Horwich
The U.S. house intelligence committee says China's largest telecommunications companies should be banned from doing business here. The percent of U.S. households owning stock is at one of its lowest points in the last couple decades. In Venezuela, President Hugo Chavez has been reelected to a new six-year term.