Segments From this episode
A trade spat between the U.S. and China is on the agenda in Washington. A U.S. trade representative is holding a hearing on tires and whether China exports too many to the U.S. Scott Tong reports.
Financial giant AIG is reporting its first profit since 2007. The troubled insurer says it made $1.8 billion in the second quarter. Mitchell Hartman reports on the company's crawl out of its bailout hole.
Cash for Clunkers is being refueled with $2 billion. Dealerships are anxious for the program to go forward. Car sales are up because of the plan. But Stacey Vanek-Smith reports not every car lot is clunker crazy.
Employers cut far fewer jobs than expected last month and the July unemployment rate came down from 9.5% to 9.4%. Reporter Jeremy Hobson talks with Bill Radke about how good this news really is, and how the rate dropped if so many people got laid off last month.
Marketplace Morning Report for Friday, August 7, 2009