Aug 2, 2012

Marketplace Morning Report for Thursday, August 2, 2012

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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…

Segments From this episode

Orlando is 'purple' when it comes to political donors

Aug 1, 2012
Central Florida city is a top locale for both GOP and Democratic fundraisers, in a swing state that will play a key role for either Mitt Romney or Barack Obama winning the election.

How the IRS will enforce health care 'tax' penalty

Aug 2, 2012
The House Oversight Committee examines how the IRS will collect taxes from people who fail to buy health insurance under the Affordable Care Act.

Housing market has hit bottom, but will remain flat

Aug 2, 2012
Don't believe those real estate agents when they say the housing market's hit bottom and is going to rebound. The market is going to be flat for a long time to come.

Federal Reserve, European Central Bank weigh options

Aug 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…

Japanese electronic companies suffer losses

Aug 2, 2012
In Japan, two big electronics companies are reporting disappointing earnings this morning. Sony is reporting a $316 million quarterly loss. And Sharp announced a $1.2 billion loss, which was much worse than expected.

Americans see need for more jobs... and coffee

Aug 2, 2012
Tomorrow, we'll get a reading on job creation for the month of July from the Labor Department, and whether it's a good or bad report, it's sure to have impact on the presidential race. Plus, the latest data on how…

ECB Mario Draghi holds press conference

Aug 2, 2012
The head of the European Central Bank, Mario Draghi, is holding a press conference right now in Frankfurt. And global markets are hanging on his every word. That's because he said last week he'll do whatever it takes to save…

Mario Draghi maintains uncertainty surrounding Europe

Aug 2, 2012
In Frankfurt, the head of the European Central Bank Mario Draghi held a press conference. Everyone was waiting to see whether Draghi would announce new stimulus measures, after saying last week that he'd do whatever it takes to save the…

European Central Bank disappoints investors with non-action

Aug 2, 2012
Investors had been hoping that ECB President Mario Draghi would unveil something big to help solve the European debt crisis. Instead, Draghi offered only vague commitments.

Goldman Sachs to fund $10 million city jail program

Aug 2, 2012
The program in New York City is designed to keep young men from re-offending.

PODCAST: The ECB makes a statement, Americans like coffee

Aug 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…
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

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.

The team

Stephen Ryan Producer, BBC

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