Segments From this episode
The government is giving Bank of America a $20 billion rescue package for losses incurred by the acquisition of Merrill Lynch, which the Feds encouraged the bank to buy. The bank reported its first quarterly loss in 17 years. Jeremy Hobson reports.
The average price of a gallon of gas has jumped about 17 cents in the past month. The main factor in the price hike is a cut in refiners' supply. But Dan Grech reports the gas price hike could just be temporary.
Some companies are responding to the cutbacks Americans are making in their daily lives by pulling back on Super Bowl ads. Scott Jagow talks to sports commentator Diana Nyad on who's saying no to the ads this year.
Restaurant week is an annual promotional event that lets New York City diners enjoy three-course meals at bargain prices. But will the spending continue once the week is done? Sally Herships reports consumers' appetites may not last.
Marketplace Morning Report for Friday, January 16, 2009