Jan 23, 2009

Marketplace Morning Report for Friday, January 23, 2009

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Marketplace Morning Report for Friday, January 23, 2009

Segments From this episode

GE reports big drop in quarterly profits

Jan 23, 2009
General Electric closed its fourth quarter on one of the toughest years in its 117-year history. Alisa Roth looks into whether or not the drop is recession-based.

U.K. recession is now official

Jan 23, 2009
The British economy has been struggling along with the rest of the world, but just announced today it was officially in recession. Scott Jagow talks to Stephen Beard in London, who gives us an overview of the situation.

Decoder: Capital Adequacy Requirement

Jan 23, 2009
In order for a bank to be able to keep doing business or lending money, it needs to have a minimum amount of capital. Dan Grech explains the Capital Adequacy Requirement with help from his banker dad.

Pfizer may want to swallow Wyeth

Jan 23, 2009
Reports out this morning say mega pharmaceutical company Pfizer is in talks to buy competitor Wyeth in a potential $60 billion deal. Pfizer may be considering the move because it's running out of options. Ashley Milne-Tyte reports.

California risks credit downgrade

Jan 23, 2009
California lawmakers are threatening to downgrade the state's overall credit rating, which would have a lot of ramifications for state taxpayers. Rico Gagliano also explains why even out-of-state taxpayers should care.

Movie studios play it safe in recession

Jan 23, 2009
A lot of money goes into making movies, and you have to keep your shareholders happy. Steve Chiotakis talks to Variety's Michael Speier about films that are safe bets for profits and also touches on the 2009 Oscar nominations.

Where GOP stimulus support is needed

Jan 23, 2009
President Obama is meeting with House Republicans next week seeking their support for his economic stimulus package. But it may be more important for Obama to get GOP backing in the Senate. Nancy Marshall Genzer reports.

The team

Stephen Ryan Producer, BBC

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