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Dec 11, 2012

Marketplace Morning Report for Tuesday, December 11, 2012

The Federal Reserve kicks off a meeting today in Washington, and the expectation is that more monetary stimulus is on the way. Future prices for corn and wheat are at a three week low ahead of today’s crop report from the Department of Agriculture. The world of commodities is still reeling from the drought that swept across the country this year. And European Union leaders are returning from a trip to Norway where they officially accepted their Nobel Peace Prize yesterday. The European Union, and the euro — for all its faults — have been credited with keeping the continent relatively peaceful of late.

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Segments From This Episode

Fed expected to continue ‘QE3’
by David Gura
Fed boards hopes to nurture housing recovery with purchase of mortgage-backed securities.
Drought creates crop uncertainty into next year
by Eve Troeh
The Department of Agriculture's final report for 2012 says farm income increased despite the drought, because of high prices for crops that made it to market. But the drought is continuing into winter and could affect next year's harvests.
What $5 more an hour could buy a low-wage worker
by Marketplace Contributor
Fast food employees picketed in New York for a raise to $15 an hour. What difference would that make?
The record of peace in the European Union
by Marketplace Contributor
The European Union, and the euro — for all its faults — has been credited with keeping the continent relatively peaceful of late. And European peace is the subject of our quiz this morning.
HSBC to pay record fine to U.S. government
The British bank HSBC is to pay almost $2 billion to U.S. authorities to settle a case over money-laundering and sanctions busting. The penalty is the biggest in the history of U.S. banking regulation.
The economic impact of Syrian refugees
by Jeremy Hobson
The United Nations said today that more than half a million Syrians have fled to other countries in the region, as the revolution against the Syrian government rages back at home.
U.S. to profit from selling remaining stake in AIG
by Nancy Marshall-Genzer
It looks like the U.S. government’s rescue of insurance giant AIG is coming to an end. And, amazingly enough, it’s a happy ending: The government is selling the last of its AIG stock — for a profit.
Markets await news from Federal Reserve
by Marketplace Contributor
The Federal Reserve committee that sets U.S. monetary policy meets today and tomorrow.
PODCAST: Right-to-work in Michigan, Santa’s political party
by Jeff Horwich
The "right to work" battle is raging in Michigan; A huge penalty for a money-laundering bank; The IMF delays a big bunch of money that was headed for Egypt. And what's the difference between $10 and $15 an hour? Bigger than you might think.
IMF delays loan to Egypt
by Marketplace Contributor
The International Monetary Fund says a $4.8 billion loan for Egypt is on hold. The IMF cited "unfolding developments on the ground."
Union workers stage protest in Michigan
by Marketplace Contributor
The Michigan State Capitol is hosting thousands of protesters this morning. The house is taking up a so-called "right to work" bill.

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Marketplace Morning Report for Tuesday, December 11, 2012

Subscribe:

Segments From This Episode

Fed expected to continue ‘QE3’

Drought creates crop uncertainty into next year

What $5 more an hour could buy a low-wage worker

The record of peace in the European Union

HSBC to pay record fine to U.S. government

The economic impact of Syrian refugees

U.S. to profit from selling remaining stake in AIG

Markets await news from Federal Reserve

PODCAST: Right-to-work in Michigan, Santa’s political party

IMF delays loan to Egypt

Union workers stage protest in Michigan