Marketplace Morning Report for Friday, November 8, 2013
A deal seems to be coalescing in which Iran would back off its nuclear program in exchange for the easing of economic sanctions. U.S. Secretary of State John Kerry and his French counterpart are due in Geneva today to work out details. Israel had been pushing for tougher sanctions and the emerging news has angered Israel. Twitter's stock went up 72.7 percent on its first day of trading yesterday, and other social media companies would like that kind of infusion of capital. Pinterest comes to mind. Pinterest is backed hundreds of millions in venture capital and the company says it doesn't plan to go public, however, they must have watching Twitter in the last 24 hours. And, a top U.S. Treasury official is expected to step down today amid reports she's next in line for a spot on the Federal Reserve Board. The Fed's Board is facing three vacancies, setting up another round of lobbying in behalf of their favorites by Wall Street.