Marketplace Morning Report

with David Brancaccio

Marketplace Morning Report for Thursday, August 2, 2012

The Fed announced yesterday that it is prepared to act if the economy gets worse -- But for now, nada. Which brings us to the European Central Bank, which is holding a meeting today in Frankfurt and might have a little something up its sleeve for the global economy. On Capitol Hill today, a House Committee is looking into the effects of the Supreme Court's ruling on health care; Specifically, just how the IRS will assess a tax on people who don't carry health insurance. Later this morning, Freddie Mac will tell us what the average interest rate is right now on a 30-year fixed mortgage. Last week, the rate fell below 3.5 percent for the first time in 60 years of record keeping. You might think a housing recovery is near.

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European Central Bank President Mario Draghi drinks coffee during a meeting where he is to brief the European Parliament's economic affairs committee on the eurozone debt crisis on April 25, 2012 at the EU Headquarters in Brussels.
GEORGES GOBET/AFP/Getty Images
Economy
A giant logo of the Euro currency stands in front of the European Central Bank (ECB) in the banking district of Frankfurt/M., western Germany, on July 31, 2012.
DANIEL ROLAND/AFP/GettyImages

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About the Show

News happens while you sleep. Marketplace Morning Report gives you a head start on the day. Throughout the morning, host David Brancaccio shares the latest on markets, money, jobs and innovation, providing the context you need to make the smartest decisions. And from London, host Anu Anand presents Marketplace Morning Report from BBC World Service to bring you up to speed as the global economy shifts. It's the world perspective you need, from two trusted sources.