Jan 5, 2009

Marketplace Morning Report for Monday, January 5, 2009

Segments From this episode

Tax cuts included in Obama plan

by Nancy Marshall-Genzer

Jan 5, 2009

President-elect Barack Obama will be on Capitol Hill today to discuss his stimulus plan, which is said to include $300 billion in tax cuts. Nancy Marshall Genzer explores what else the package would include and how.

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Fallout: The Financial Crisis

Regulators target credit default swaps

by Janet Babin

Jan 5, 2009

Credit default swaps are blamed for many of last year's financial crises, including the fall of Lehman Brothers. Now federal regulators are hoping to rein in the $58 trillion market. Janet Babin reports.

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Brits bid 'Woolies' a sad goodbye

by Stephen Beard

Jan 5, 2009

Woolworth's will close its doors in the U.K. for the last time tomorrow, ending a legacy that spans 100 years. Stephen Beard spoke to customers in London who fondly recalled shopping at the store as children.

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Russia, Ukraine dispute over pipeline

by Stephen Beard

Jan 5, 2009

A dispute between Russia and Ukraine over natural gas is hurting supplies to other European countries. Russia is accusing Ukrainians of stealing gas, while the Ukraine blames faulty piping. Stephen Beard reports.

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Fewer cars in the U.S. fleet

by Amy Scott

Jan 5, 2009

Carmakers come out today with December sales, and analysts are saying along with poor figures, there are fewer cars on the road. But there are signs truck and SUV sales may be healthier as gas prices decline. Amy Scott reports.

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Fallout: The Financial Crisis

Decoder: Term Auction Facility

by Janet Babin

Jan 5, 2009

Some financial experts would tell you to thank your lucky stars for the Term Auction Facility, which has helped keep the rough economy going. Janet Babin explains how by taking us for a walk on the beach.

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Chinese ships combat-ready for pirates

by Scott Tong

Jan 5, 2009

Three Chinese warships are heading to Somalia to protect cargo against pirates. Experts say the added naval protection helps prevent hijackings, which are high in the region. Scott Tong reports.

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House delves deeper into Madoff case

by Janet Babin

Jan 5, 2009

The House Financial Services Committee will hear today about Bernie Madoff's company and $50 billion pyramid scheme. Lawmakers want to figure out why the SEC didn't catch the fraud. Janet Babin reports.