Sep 3, 2012

Marketplace Morning Report for Monday, September 3, 2012

A big week for the European Debt Crisis starts off with some not-so-great news: manufacturing in the region fell last month for the 13th straight month. There are going to be a lot of people on the highways today heading home from Labor Day weekend festivities. And they'll be spending a little more on gas than they did a year ago, but how do our gas prices stack up globally? And the drug company Pfizer is getting ready to sell shares of its animal health business Zoetis -- which distributes medicines for pets and livestock -- to the public.

Segments From this episode

Gas prices from Norway to Venezuela

by Jeff Tyler

Aug 3, 2012

Charging less than a dime per gallon, Venezuela sells cheapest gas on the planet. Norway has some of the highest fuel prices in the world.

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Drug companies cash in on curing animals

by Mark Garrison

Sep 3, 2012

Animal health care is the fastest growing sector of health care. Medicine for the pets we love and the livestock we eat is a more than $4 billion business for the pharmaceutical company Pfizer.

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Strike at East Coast ports would affect economy

by Jim Burress

Sep 3, 2012

In Georgia alone, 1 in 12 jobs is linked to the ports of Savannah and Brunswick. If longshoremen and port authorities can't agree on a new contract, an economic slowdown is possible.

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Corruption a problem in Russia's courts

by Marketplace Contributor

Sep 3, 2012

Some businesspeople in Russia say corrupt courts make them vulnerable to the whims of corrupt officials and rivals who want to take their businesses.

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European Debt Crisis

Eurozone awaits news from European Central Bank

by Stephen Beard

Sep 3, 2012

A survey out this morning shows that manufacturing in the eurozone has fallen for the 13th straight month -- not a great start to what will be a big week for the European Debt Crisis. On Thursday, the head of the European Central Bank, Mario Draghi, is expected to tell us what he meant when he said he'll do "whatever it takes" to save the euro.

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BBC World Service

Manufacturing slows down in China

by Jeremy Hobson

Sep 3, 2012

Manufacturing activity fell last month in China for the first time in almost a year. This follows a string of other bad news when it comes to the Chinese economy.

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Needing economic 'booster shots' in China, Europe, U.S.

by Marketplace Contributor

Sep 3, 2012

In China, manufacturing activity fell last month for the first time in almost a year, putting more pressure on Chinese officials to do something to stimulate the economy. Meanwhile in Europe, we learned this morning that manufacturing activity in the eurozone also fell last month, which will in turn put more pressure on the European Central Bank to do something about the ongoing crisis there.

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Mid-day Update

PODCAST: Manufacturing takes a hit, Rihanna takes a trip

by Mary Dooe

Sep 3, 2012

Rihanna performs at Barclaycard Wireless Festival at Hyde Park on July 8, 2012 in London, England.

Danny Martindale/Getty Images

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A big week for the European Debt Crisis starts off with some not-so-great news: manufacturing in the region fell last month for the 13th straight month. There are going to be a lot of people on the highways today heading home from Labor Day weekend festivities. And they’ll be spending a little more on gas than they did a year ago, but how do our gas prices stack up globally? And the drug company Pfizer is getting ready to sell shares of its animal health business Zoetis — which distributes medicines for pets and livestock — to the public.

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